topic Re: Crapitol One in Credit Cards

Crapitol One

Anonymous — Tue, 24 May 2011 20:43:54 GMT

I just tried for a CLI from Capitol one, no dice! I have had the card since February and got an initial $1,000. Using the backdoor number I asked to speak to the supervisor and he explained I am on the "step" program... Eligible for an increase in Sept. to $1,500. I explained I needed the increase b/c we (wife also) use it for groceries and gas and I have put over $8,000 through the CC since opening it. Still no dice. I have to make at least two payments a month to keep it under the limit. I guess I might have to apply for a different cash back rewards card with a higher limit...

Any suggestions? I have a EQ score of 739. Utilization is around 7-9%. Pay everything off each statement. I do have 5 inquiries on y report, most within the last four months (New cards at Cap. one, ChaseJC Penny, and a new car).

Re: Crapitol One

tengtengvn — Tue, 24 May 2011 20:56:13 GMT

One solution: move on to a better card if you can.

Re: Crapitol One

Anonymous — Tue, 24 May 2011 21:12:58 GMT

@tengtengvn wrote:
One solution: move on to a better card if you can.

+1

Your score is 739? Is that a FICO?

AmEx is a good option (AmEx pulls EX) Discover (EQ for me in NC) Citi (EQ for me) Barclays (Pretty much exclusively TU)

I'm not sure what your reports look like but if you are in the 739 range all across the board, you may have luck with the CC's I've listed.

Best of Luck!!

Re: Crapitol One

tengtengvn — Tue, 24 May 2011 21:37:25 GMT

@Anonymous wrote:
@tengtengvn wrote:
One solution: move on to a better card if you can.
+1
Your score is 739? Is that a FICO?
AmEx is a good option (AmEx pulls EX) Discover (EQ for me in NC) Citi (EQ for me) Barclays (Pretty much exclusively TU)
I'm not sure what your reports look like but if you are in the 739 range all across the board, you may have luck with the CC's I've listed.
Best of Luck!!

New inquiries, new cards, new auto loan. He got no luck with AMEX and Discover.

Re: Crapitol One

Anonymous — Tue, 24 May 2011 23:31:19 GMT

@tengtengvn wrote:
@Anonymous wrote:
@tengtengvn wrote:
One solution: move on to a better card if you can.
+1
Your score is 739? Is that a FICO?
AmEx is a good option (AmEx pulls EX) Discover (EQ for me in NC) Citi (EQ for me) Barclays (Pretty much exclusively TU)
I'm not sure what your reports look like but if you are in the 739 range all across the board, you may have luck with the CC's I've listed.
Best of Luck!!
New inquiries, new cards, new auto loan. He got no luck with AMEX and Discover.

I just got approved for a Discover card and I have a quite a few new accounts in the last few months. I didn't get an instant approval but I did get a call from an account specialist who went over my app and did ask about the inquiries and new accounts. I explained why I wanted each one and he said OK your approved. So he may have a chance with Discover.

Re: Crapitol One

Anonymous — Tue, 24 May 2011 23:50:40 GMT

you should try a real CC like Discover,AMEX,Citi,BoA if you want to get CLI every 6 to 1 year.

Re: Crapitol One

Anonymous — Wed, 25 May 2011 17:12:48 GMT

@Anonymous wrote:
@tengtengvn wrote:
@Anonymous wrote:
@tengtengvn wrote:
One solution: move on to a better card if you can.
+1
Your score is 739? Is that a FICO?
AmEx is a good option (AmEx pulls EX) Discover (EQ for me in NC) Citi (EQ for me) Barclays (Pretty much exclusively TU)
I'm not sure what your reports look like but if you are in the 739 range all across the board, you may have luck with the CC's I've listed.
Best of Luck!!
New inquiries, new cards, new auto loan. He got no luck with AMEX and Discover.

I just got approved for a Discover card and I have a quite a few new accounts in the last few months. I didn't get an instant approval but I did get a call from an account specialist who went over my app and did ask about the inquiries and new accounts. I explained why I wanted each one and he said OK your approved. So he may have a chance with Discover.

Thanks for the information. That is encouraging. I have been getting several mailings from Discover and AMEX lately. I guess I need to read them to see if I am actually pre-approved. Can I rely on these mailings if they say they are pre-approvals?

Re: Crapitol One

Anonymous — Wed, 25 May 2011 17:18:39 GMT

Discover More somehow managed to get my info and send me a pre-approved offer. The pre-approved offer was for 9 months 0% on new purchases and 15 months 0% on balance transfers - on their website there was one that was the same except the new purchases was 15 months as well. I asked the CSR about that and she couldn't get me approved for the 15 / 15 offer but she got me approved for the 9/15 one that I got sent the pre-approval for. They also gave me my highest limit - I just did a mini-app spree and got a $5k limit out of my CU, a $2k limit with AMEX for their Costco card, and $7500 for Discover.

Meanwhile, my Capital One from my pre-good-score-days is stuck at $500 and I expect it to never ever ever go up. I called a few months ago to ask for a CLI and the reason for denial was "credit limit increases are not available for this account at this time". Literally, I got a letter in the mail saying that as well. As if that's somehow an explanation.

Re: Crapitol One

Anonymous — Wed, 25 May 2011 17:28:56 GMT

One more question here are my inquiries:

Inquiries that may be affecting your FICO® score

Total: 9 Times

Date Company making the inquiry

February 10, 2011	Chase Bank
February 10, 2011	Cap One
February 09, 2011	Csc Credit
February 09, 2011	Toyota Mtr
February 09, 2011	Hnb Cin
February 09, 2011	Santander
January 12, 2011	Key Bank
December 15, 2010	Cbelltel
November 15, 2010	Hsbc Nv

They are counting 9 inquiries, would the four for the car loan only count as one? Also, do they consider the telephone inquiry as less damaging? I forgot about the Key application.

Re: Crapitol One

Anonymous — Wed, 25 May 2011 17:52:36 GMT

I believe any inquiries for the purpose of an auto loan would count as one inquiry, so long as they were done within a 14 day period.

Re: Crapitol One

Anonymous — Wed, 25 May 2011 18:06:00 GMT

@Anonymous wrote:
I believe any inquiries for the purpose of an auto loan would count as one inquiry, so long as they were done within a 14 day period.

I was under that impression, but thought I would double check. Thanks!

Re: Crapitol One

Anonymous — Wed, 25 May 2011 19:56:09 GMT

Well I just gave it a shot. I had a pre-approval for Discover and still got the "we will get back to you in 5-7 days". Any suggestions or should I go ahead and call to discuss with an analyst?

Re: Crapitol One

Anonymous — Thu, 26 May 2011 15:03:55 GMT

I called today and got approved, but for only $1,500. O well. I tried to get them to give me $3,000 but she said they will consider after 6 months. Too much new credit. I guess I will just use the new Discover card and let the wife use the Crapitol One so we can get double cash back.

Re: Crapitol One

UFGuy2006 — Thu, 26 May 2011 15:38:56 GMT

@Anonymous wrote:
I called today and got approved, but for only $1,500. O well. I tried to get them to give me $3,000 but she said they will consider after 6 months. Too much new credit. I guess I will just use the new Discover card and let the wife use the Crapitol One so we can get double cash back.

Did the automated line let you know it was approved or did you need to speak to a rep?

Re: Crapitol One

Noctilum — Thu, 26 May 2011 16:25:56 GMT

@Anonymous wrote:
@Anonymous wrote:
I believe any inquiries for the purpose of an auto loan would count as one inquiry, so long as they were done within a 14 day period.

I was under that impression, but thought I would double check. Thanks!

I believe the inquiries only count as 1 in regards to affecting your FICO score. I *think* lenders can still see the total number of inquries.

Re: Crapitol One

Anonymous — Thu, 26 May 2011 21:09:31 GMT

Congratulations on the Discover!!! Did you get the Discover More?

I just got mine in the mail today.

Congrats again!

Re: Crapitol One

TravellingNomad — Thu, 26 May 2011 21:33:34 GMT

yeah i agree with capital one being sucky with CLIs. i've had my card with them for over two years. although limit is only $500, i've used it each month since i've got it. of course i've been really good at paying my monthly. although my minimum monthly payments has always been $15, i have always paid $100 every bill and way before the due date. usually each month i'll have a balance rolling over to the next month in the $100-$150 range. but considering that i've been a good customer with a really good payment record, i would've thought they would give me a CLI at least once a year even if it's just $50.

so i applied for a discover card recently and got approved for $1500 CL. i then requested a balance transfer to get balance paid off on my capital one card. got a 0% offer for 6 months, but not worried, i can get it paid off in two months. so now, i will just use my discover and my bbrz mc all the time. maybe just use my cap one credit card to buy a couple of bags of chips each month just so there's activity on it. even though im new to the discover family, the few times i've called them regarding my card, they've been really easy to talk to.

Re: Crapitol One

Anonymous — Fri, 27 May 2011 11:55:09 GMT

@Anonymous wrote:
Congratulations on the Discover!!! Did you get the Discover More?

I just got mine in the mail today.

Congrats again!

Yes I did. I should get the $100 cash back within a month... We will buy all our groceries and gas on the card to earn cash back. With three kids, that does not take long! The whole purpose of getting the Discover was to hopefully get a higher CL, at least it is $500 more than the Capitol One. I want to send a message to Cap. One, so I am going to pay it off and not use it for about two months. Hopefully that will intice them to give me a CLI. I am done with my apps spree. I now have Cap one - $1,000, Chase - $2,500, 2 - HSBC (Sears - $750 and Orchard - $500), Macy's - $5,000, JC Penny $1,900 and Discover $1,500. I will wait until Christmas time and am thinking of getting a AMEX.