topic Re: Capital One - Credit Line Increase in Credit Cards

Capital One - Credit Line Increase

Anonymous — Thu, 18 Aug 2011 20:13:52 GMT

Hello fellow travelers,

Here is my dilemma. I currently have a $1,000 CL with Capital One - Never paid them late, however, have exceeded the credit limit on occassion

My credit record is below

CAPITAL ONE

Address:

PO BOX 30281

SALT LAKE CITY, UT 84130

(800) 955-7070

Status:

Open/Never late.

Date Opened:

02/2008

Reported Since:

09/2010

Date of Status:

06/2011

Last Reported:

06/2011

Type:

Credit card

Terms:

Monthly Payment:

$22

Responsibility:

Individual

Credit Limit/Original Amount:

$1,000

High Balance:

$1,225

Recent Balance:

$151 as of 06/2011

Recent Payment:

$77

Any thoughts on how to get an increase?

Thanks!

Re: Capital One - Credit Line Increase

Creditaddict — Thu, 18 Aug 2011 20:21:37 GMT

You open a card with a different bank!! Capital One is known for very random CLI that may or may not ever come.

Re: Capital One - Credit Line Increase

Anonymous — Thu, 18 Aug 2011 20:22:01 GMT

As I have read here often Capital One increase limits sparingly.

Re: Capital One - Credit Line Increase

Anonymous — Thu, 18 Aug 2011 20:23:18 GMT

Thank you for your thoughts!

Re: Capital One - Credit Line Increase

Creditaddict — Thu, 18 Aug 2011 20:25:16 GMT

take a look at a Citi Forward. you can usually get CLI with them every 3-4 months!

Re: Capital One - Credit Line Increase

anybodii — Fri, 19 Aug 2011 01:23:04 GMT

I have a Citi Forward, and almost 4 months into it I tried to get an increase, I used it as my primary card and came near the limit every month, often times paying early in the month to use it more for the points, they declined me because I haven't been a customer long enough ( 6 months they said )

Re: Capital One - Credit Line Increase

Anonymous — Fri, 19 Aug 2011 01:35:57 GMT

These sub prime cards with the pathetic CLS blow chunks. That's what I do too, I use it and immediately pay it off in full, because filling the tank on mine puts me over that 10% limit that lenders start to throw up red flags on and label you a credit terrorist - OH MY GOD YOU HAVE A 50 dollar balance on your card!!!! Yeah, I'm just a HUGE threat to default on such an immense amount no question about it I can certainly see why their blood pressure would shoot up enough to cause a stroke over that!

I'm honestly thinking of calling now and just closing the damn thing. I'm sick of that. I mean it got old a long time ago. What good are these cards anyway? In practical terms, day to day use terms? Very damn little is the honest truth. If you want to build your credit, you can do it with these by LIVING the game religiously (and you'll have to in order to keep utilization down), but otherwise they are just a joke.

Capital One, I'm starting to feel like I'd rather not have ya. I'm sure that would make your day too! Your potential liability wil be reduced by 500 bucks, whew, what a relief!

Re: Capital One - Credit Line Increase

climbinghigher — Fri, 19 Aug 2011 03:11:27 GMT

Hi Johnny, I have had Cap one credit ( 2 cards, 1, 1500 cl, the other 750 cl ) for 12 years. Never late, never ol. I just opened with USAA @ 3k cl. They are already offering me auto loans. Cap One has been good only for rebuilding. I guess it is a win win!

Re: Capital One - Credit Line Increase

Anonymous — Mon, 29 Aug 2011 19:58:17 GMT

I have had two cap one cards for 11 years. All paid on time, never a missed payment.

they have not raised my limit once in 11 years, keep saying my type of cards dont qualify

Re: Capital One - Credit Line Increase

Anonymous — Mon, 29 Aug 2011 20:39:00 GMT

cap1 cards are good for buliding/rebuilding credit.

after you reach a score and history where you can get cards with better rewards and MUCH better limits, make the switch. thats what i plan on doing in a few years.

Re: Capital One - Credit Line Increase

Anonymous — Mon, 29 Aug 2011 20:53:19 GMT

I have 2 Capital One Cards - Both were Platinums when I got them. The first was in 2006 or so and had a 600 limit, which last year got bumped to a $5,600 limit, and then I called the backdoor number to ask if I was eligble for any upgrades this year, and got it upgraded to a Venture Card. The other started as a $2000 Card in 2008 or so, and was bumped up to $6000 last year. This card was only eligable for standard rewards, which I declined simply because I've got the other card for rewards.

Re: Capital One - Credit Line Increase

Anonymous — Mon, 29 Aug 2011 20:56:00 GMT

what is the backdoor number for cap one please

Re: Capital One - Credit Line Increase

Anonymous — Mon, 29 Aug 2011 20:57:08 GMT

Cap1: 800-889-9939 or 800-625-7866.(Account Specialist)

Re: Capital One - Credit Line Increase

Anonymous — Mon, 29 Aug 2011 20:58:46 GMT

THANK YOU

Re: Capital One - Credit Line Increase

911gt34life — Mon, 29 Aug 2011 22:19:57 GMT

this week i am about to close my capital one card open in 2008 still 1,500 for 3 years it sucks guys it sucks.

Re: Capital One - Credit Line Increase

Ineed2speed — Tue, 30 Aug 2011 09:12:24 GMT

I recently got approved for a Cap1 Platinum No Hassle Rewards Mastercard about 5 months ago with a $1,000 limit. Just this month I was checking my statement online and they automatically bumped it to $1,500. As soon as I got the card, I used it all the time and paid the balances in full every month. Hopefully they'll increase it again by the end of the year. I think I got lucky.

Re: Capital One - Credit Line Increase

dallasjetfan — Tue, 30 Aug 2011 18:59:22 GMT

I just called and got the typical response, but they thanked me for my perfect credit history. My CL is $5050 and they just upgraded me to Venture One card so I guess with no AF I should be happy. No big deal since I have no debt anymore and would have been happy with an increase to $10K. Oh well, maybe in the future.

Re: Capital One - Credit Line Increase

SevenNEW — Tue, 30 Aug 2011 19:06:40 GMT

@Ineed2speed wrote:
I recently got approved for a Cap1 Platinum No Hassle Rewards Mastercard about 5 months ago with a $1,000 limit. Just this month I was checking my statement online and they automatically bumped it to $1,500. As soon as I got the card, I used it all the time and paid the balances in full every month. Hopefully they'll increase it again by the end of the year. I think I got lucky.

It is possible -- they may give you another CLI (it happened to me, when I got bumped up to 2,750), but you could also get stuck at 1,500 for a while. No way to tell, with lovely Cap 1.