topic Re: Cap One really that bad about CLI? in Credit Cards

Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 03:53:36 GMT

Is there absolutely nobody who has had no problems getting CLI if using the card properly? All i hear is how nobody gets a CLI, its kind of my concern maybe not on my Platinum Cap One, but the SONY card at least, I'd assume they would want to give me a higher limit on that one, since most good SONY products are over a grand.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 04:01:56 GMT

My understanding is that the "entry level" Cap1 cards have (basically) a hard limit, more or less. I've seen exceptions, but I think most folks just move on to more "prime" cards with higher limits and close the Cap1 or keep it as a "toy" card.

Re: Cap One really that bad about CLI?

BrickTime — Wed, 20 Jun 2012 04:27:59 GMT

I have gotten CLI on both of my Capital One cards. One is a platinum which auto increased from 500.00 to 5,500 (yes, a five K increase in one shot), and a no-hassle cash rewards that went from 750.00 to 2,250 on an auto CLI. I not sure why everyone says they are stingy. They have been generous with me and I have had a 30 day late in there.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 04:41:30 GMT

Not sure how u got 5.5k on a plat from cap1, there max on that card is around 1-1.5k even if ur score goes up.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 04:42:11 GMT

it is a step program (sub-prime) card, you can go through all these forums and see no one has a limit that high...wierd how u have it though.

Re: Cap One really that bad about CLI?

Creditaddict — Wed, 20 Jun 2012 05:33:15 GMT

@Anonymous wrote:
Not sure how u got 5.5k on a plat from cap1, there max on that card is around 1-1.5k even if ur score goes up.

That is the problem with Capital One very much like Orchard where they print and say this is a hard limit that can't be passed and then 1 out of 100,000 get an auto increase over the hard lines that we all "know" and hear about and we all scream LIAR LIAR... but it does happen... which makes it even more annoying I think because I get a $200 CLI after 6 months but I read someone else getting $5k.

and my friend got one of those "HARD" limit cards after BK.... he tried to close it and they increased it $3k on the spot which was $3k over the "Hard Limit" they had stated when he opened it.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 06:24:31 GMT

I got two Cap1 cards, rewards and plat. I got the rewards, it started at 500 and went to 750 six months later (think it was six). At one year, nothing... so I apped the plat card, thought they would give me a better limit the second time around... 500 to start and 750 six months later (again I think it was six). Well I was about to dump the rewards last dec when it turned two, but the statement that the AF was posted my CL went to 3750. I was shocked! The rewards card turns 3 this dec, I will see what happens... Now the plat card turns 2 this jan, it is getting axed no matter what. Why? Well just for the sake of argument, if I wanted to get a venture or some other Cap1 prime card, I would not be able to because of their two card limit, so it is gone.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 06:40:41 GMT

I just got the platinum card with a $2K limit. On my welcome package it says that if i pay my bills on time for five months, they will automatically increase it.

Re: Cap One really that bad about CLI?

SwiftTone — Wed, 20 Jun 2012 07:55:11 GMT

@Anonymous wrote:
I just got the platinum card with a $2K limit. On my welcome package it says that if i pay my bills on time for five months, they will automatically increase it.

I think that's the STEPS program everyone talks about. I was in the STEPS program. I've had no CLIs since STEPS and i've had one of my accounts since 11/2008. Only reason I haven't closed it is that the APR is 7.12% which is few and far between with the exceptions of CUs

Re: Cap One really that bad about CLI?

bettercreditguy1 — Wed, 20 Jun 2012 11:43:12 GMT

+1 to that. My cap one did give me the increase at six months, but then I was at their hard limit. After talking twice to cs reps and the third time requesting a supervisor, I was informed of the "hard limit". That means the card has no additional cli increases. The three P's are your best friend. Pay on time, Pay in full, and Patience. After grazing in the corral a while, you will then be able to head for the greener pastures.

Re: Cap One really that bad about CLI?

kittenkatt79 — Wed, 20 Jun 2012 14:20:28 GMT

Cap1 has been pretty generous to me with auto CLIs. I opened a Plat MC 6/2007 with a $500 CL (scores at the time were in the high 500s). A few months later CL increased to $750. Sometime in 2008, CL increased to $1500, and then in Nov. 2009 CL auto increased to $4750!

Chase, on the other hand, hasn't ever increased the limit on my Slate (former Wamu card opened in 5/2008). In fact, when they took over the Wamu account Chase decreased my original limit of $1500 to $1200.

Re: Cap One really that bad about CLI?

TiggerDat — Wed, 20 Jun 2012 17:28:19 GMT

@BrickTime wrote:
I have gotten CLI on both of my Capital One cards. One is a platinum which auto increased from 500.00 to 5,500 (yes, a five K increase in one shot), and a no-hassle cash rewards that went from 750.00 to 2,250 on an auto CLI. I not sure why everyone says they are stingy. They have been generous with me and I have had a 30 day late in there.

Do you think it is because you have another non CapOne card? I have heard they will start treating you like a customer when you get another account with a good limit.

Re: Cap One really that bad about CLI?

TiggerDat — Wed, 20 Jun 2012 17:30:24 GMT

@Anonymous wrote:
Not sure how u got 5.5k on a plat from cap1, there max on that card is around 1-1.5k even if ur score goes up.

They can change the account terms. I was told by a rep that the highest mine could go is to $3,500. I just got a card with another lender for $2,500, let's see if that has any effect on whether they will increase my limit.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 17:35:50 GMT

@Anonymous wrote:
Not sure how u got 5.5k on a plat from cap1, there max on that card is around 1-1.5k even if ur score goes up.

Last year mine went from $1400 -> $6400. I've had the card since 1999 and that's the only CLI I had on it. Nice one, though.

Re: Cap One really that bad about CLI?

compassion101 — Wed, 20 Jun 2012 20:50:13 GMT

I filed BK is 8/04, Cap1 offered me platinum visa in 9/04 with 1500 CL. On 1/06 they offered me paltinum MC with 5000. Maybe I was lucky?

Have never had a late payment with them or a CLI.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 20:58:40 GMT

Well I hope they are upping the limits on the Platinum, were u in the steps program when you got the card? Even if this card max's out around 5k I would be looking to keep it for at least the next 5 years.

Re: Cap One really that bad about CLI?

Anonymous — Wed, 20 Jun 2012 21:14:24 GMT

I think for the most part they aren't bad for rebuilding. They were the 1st card to approve me post-BK. I filed in 9/04 and I think I got the card in Nov 2005 or Nov 2006..I just closed the card a week ago. It had a low limit, started at 750 CL I think in 2008 or so they increased it to $1350, it had an AF of either $19 or $39 I can't remember. I felt for me I have moved on to better cards, I closed it and my BBRZMC, which is now C1, it had an $2000 CL but a $39 AF and I had an old HSBC, now C1 also card with a $300 CL. It was one a few years ago that the limit was much higher but when HSBC was slashing all those limits it was cut..

Like I said they all served their purpose, I have been able to get bigger and better cards since then and I don't regret my decision to close any of them..

Good Luck on your journey!!