topic Re: Capital One Giveth, Capital One Taketh Away! in Credit Cards

Capital One Giveth, Capital One Taketh Away!

Anonymous — Wed, 26 Jan 2011 01:18:22 GMT

Was proud of my $3000.00 CLI over the past 6 weeks - Logged in tonight, CLD by $650.00 "Many people got a douple CLI, we just started seeing it ... Now, we are going in and reducing it to what it should have been.... you will get a letter in the mail..." So, if you got two CLIs recently, just know you are about to loose all or part of one!

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Wed, 26 Jan 2011 01:22:26 GMT

I have had my card for 3yrs and still stuck at $750.00. Never late or over limit.

Cannot get them to give at all. They want me to apply for another card but I refused and said I will go somewhere else first.

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Wed, 26 Jan 2011 01:55:41 GMT

@Anonymous wrote:
I have had my card for 3yrs and still stuck at $750.00. Never late or over limit.
Cannot get them to give at all. They want me to apply for another card but I refused and said I will go somewhere else first.

+1. I'm stuck at $750 too. Never been late or over limit. The also wanted me to apply for another card. I refuse....especially knowing it may cost 3 credit inquries.

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Wed, 26 Jan 2011 07:31:11 GMT

Same here 1k and doesn't move. I so tired of calling them to get an increase. They send a boat load of email to apply for another card. Ut tolthem to stick it where the sun don't shine!

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Wed, 26 Jan 2011 13:04:39 GMT

I can happily say I am about to pay all my $1,600 worth of debt in one hit in about a week or two... I have yet to get a CLI from CapOne, been with for two years. Most of it at $1,500. I intend to just call once a month and ask if they will soft me for a CLI. Maybe one day they will, I have more then enough time and unlimited minutes.

~Steven

Re: Capital One Giveth, Capital One Taketh Away!

JayRizzo — Wed, 26 Jan 2011 13:36:42 GMT

Must be the Grinch running a little late making his rounds after the Cap-1 generosity during the Holiday season that so many posters spoke about.

Re: Capital One Giveth, Capital One Taketh Away!

adwhit1 — Wed, 26 Jan 2011 21:52:59 GMT

I had a $300 limit for 6 yrs with an AF, finally just gave up calling and asking and just cut them off......

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Tue, 01 Feb 2011 23:54:16 GMT

Well, I have two cards with them: MC/ and Visa. They both started out in Credit Steps three years ago. with a CL of $500.00. Until now, I got all of hte CLI that I ever got from them in that same year.. Visa went to $1800.00 (where it is now) - MC went to $1000.00 - I missed out on antoher $500.00 increase when I had a late payment. I have had the Visa longer and no late payments, but I am always denided CLis on it. It was great to get the $1500.00 initial increase and certainly another took me over the top. I do not like that they CLD me, but it could have been worse. They left $850.00 of the second CLI - I am certain that it was because if they had not, they would have put me over my limit, as I transfered a balance from HSBC. I am not fooling myself here - and I will not be surprised if they do take it way once I get my balance lower. I spoke witha manager and did try again to get an increase on the Visa - managed to get my APR lowered for a few monhts. I will take it. Also, he was the first to tell me the max CL available on both cards - just $3000 and $3500 respectively. I have to say that, as someone, who is still rebuilding, I cannot say too many bad things about Cap 1. They have treated me very well over the past three years, and I nolonger have to deal with Orchard and First Premier or any other bank of this sort.

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Fri, 28 Jan 2011 22:30:07 GMT

I had two cards with them previously stuck at 750 and 500 respectively. I cancelled them when I got letters a couple years back about APR's increasing. I treated them as my entry level cards, their "platinum" cards were not so "platinum" to me.

Well anyway, maybe you should apply for one of their more prestigious cards...? I applied for the Capital One Venture card on Tuesday and I was approved with a 15,000 limit. So I think it all just depends on the type of card you have with them. As well as income and all the other good stuff of course.

Just my .02

Re: Capital One Giveth, Capital One Taketh Away!

911gt34life — Sun, 30 Jan 2011 00:02:20 GMT

capital one is a joke i have been in 1500 for ever.

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Sun, 30 Jan 2011 01:39:07 GMT

Just call two of their backdoor numbers. Someone in America answered and denied me twice. I'm at $300 but I only had this card for 3 months. About to jump to $750 in 4 months with Credit Steps.

Re: Capital One Giveth, Capital One Taketh Away!

OptimalCS — Sun, 30 Jan 2011 10:00:01 GMT

I tend not to get crazy over CLIs any more. I make enough to spend my own money. If we learn to spend our own money instead of using CCs for big purchases we would criple CC industry. I save up for all my big purchases even though I have a 10k CL.

Re: Capital One Giveth, Capital One Taketh Away!

JayRizzo — Sun, 30 Jan 2011 09:51:56 GMT

I second that, Aim720!!!

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Mon, 31 Jan 2011 14:11:57 GMT

I normally agree with you. But I don't make much money (Got two part time jobs, no longer unemployed). My last job I made about $3,000 a month. Now, I make about $1,100 a month... With that being said, I am moving in with my sister soon. So we can cut cost and help each other out. So I will go from monthly expenses of $1,000 to $600 (Includes gas everything. The means $250 savings, $250 for fun money.

I am saying this because, I will need a laptop soom. I don't think I will be able to pay in full up front. But when I have half of the money, I will purchase and pay off next month.

Re: Capital One Giveth, Capital One Taketh Away!

ChampagneWishes — Mon, 31 Jan 2011 23:15:15 GMT

OP, this happened to me too! $500 --> $2500 in mid-Nov --> $4500 in mid-Dec. About two weeks ago, I logged in and it was back down to $2500. Just got my letter today explaining the double CLI. HUGE SNAFU on their part, but I'm still glad to have any CLI whatsoever from Cap1.

Re: Capital One Giveth, Capital One Taketh Away!

Anonymous — Tue, 01 Feb 2011 23:48:46 GMT

@ChampagneWishes wrote:
OP, this happened to me too! $500 --> $2500 in mid-Nov --> $4500 in mid-Dec. About two weeks ago, I logged in and it was back down to $2500. Just got my letter today explaining the double CLI. HUGE SNAFU on their part, but I'm still glad to have any CLI whatsoever from Cap1.

CW -Congratulations on the CLI - from $500.00 to $2500.00 is excellent. My original one was "only" $1500.00 and like I said it took nearly three years to get that - and with their "mistake" - they let me keep $850.00 of the second CLI - So really I very much lucked out. Still, if they cut away at the $850.00 as my available CL goes up, I would not be surprised. In the end, I am happy with Capital One. There are a lot of complaints about them here, but when I got my first Visa with them - it wa at $500.00 - and within 7 or so months, it was at $1800.00. It is still there, but at least I know that with Capt 1 - in my rebuilding phase - I at least have a chance every now and again to have a CLI. That is not even a possibility it seems with these bottom feeder HSBC (formerly Direct Merchants) cards that I have.

Re: Capital One Giveth, Capital One Taketh Away!

JayRizzo — Wed, 02 Feb 2011 00:27:54 GMT

I'm glad you gave some more details about that CLI mistake they made. I'm posting this question to all those who got the "Christmas Bonus" (hahaha) from Capital One and actually used part or all of that extra increase... do you still have it? Did they slash it and you have to pay off the balance? How's it working out for those who used the money? Let us know your story.

Re: Capital One Giveth, Capital One Taketh Away!

ChampagneWishes — Wed, 02 Feb 2011 00:42:00 GMT

@ChangingMantra - Yes, I have to say that this recent CLI made me pretty happy with Cap1. I originally got my card in July of 2004 with a $500 CL, and my November 2010 CLI was my first one ever (in 6+ years!). That being said, a $2k increase made it my highest credit limit by 5x at the time, so needless to say, I was pretty thrilled. It'll never be a primary card, but it's definitely served its purpose as a rebuilder. Even if it took 6 whole years. haha

@JayRizzo - I used about $2k of my credit limit ($4500 and then $2500 once they corrected the mistake), but paid it off within a couple of weeks. My Amex Zync is my primary card, but I guess I wanted to reward Cap1's good behavior. Still didn't let them get any interest though.