topic Re: Cap 1 CLI in Credit Cards

Cap 1 CLI

GoodCredBen — Tue, 04 Sep 2012 12:42:14 GMT

I wish i had good news like YAY I GOT A CLI.... but i dont...

I attempted to get a CLI and got this return message:

This Capital One account is not currently eligible for a credit line increase upon request. We're
reviewing our policy for increasing credit limits. While we do this, we won't be able to offer you
more credit.

Any idea? or is this just some generic "get out of my face" message?

Re: Cap 1 CLI

Jlu — Tue, 04 Sep 2012 13:32:15 GMT

I got the same letter today. It had been 6 months since I tried for a CLI. At least that is the only reason. I'd rather the denial be something about them and not me.

Thank you for contacting Capital One® regarding your account. Unfortunately, we cannot approve a
credit line increase for the following reason(s):

blah blah blah blah blah blah

Re: Cap 1 CLI

CS800 — Tue, 04 Sep 2012 14:55:25 GMT

I get this message 3 times a year from Cap One with a mailed letter too.

Re: Cap 1 CLI

Anonymous — Tue, 04 Sep 2012 15:54:55 GMT

It appears as though they went from just saying "no" to everyone to saying "its not you, its me - I'm just not ready".

Funny thing is, they claim they review each customers account throughout the year at random (sort of like a CLI is the lottery) and if you ask "when will it be reviewed" you get the its random...we don't know when it will happen just that it will happen" If you ask "when was the last time you reveiewed my account then?" you just get that it was reviewed just the other week when you requested the CLI.

For some reason I don't think my account was ever reviewed...

Positive note is though, they don't do a HP when you request a CLI anymore - at least for me though I've requested every month and have not had one HP since my origional app for the card.

Re: Cap 1 CLI

youngandcreditwrthy — Tue, 04 Sep 2012 19:05:16 GMT

Capital One softs me several times a month.... Even if you exclude the SP that results from my monthly CLI request haha!

I've gotten that same message... It makes mw wonder about those 'reviews'.... Hmmm... We should complain to the CFPB! Hah.

I just closed a Cap One account last week...they just don't seem to get it. They weren't even remorseful that I closed the account! Ugh!

Re: Cap 1 CLI

GoodCredBen — Wed, 05 Sep 2012 01:56:36 GMT

So it has nothing to do with their system, its a way of giving me the middle finger behind their back?

LOL that is absolutely awesome.... gosh!

Re: Cap 1 CLI

Anonymous — Wed, 05 Sep 2012 02:12:34 GMT

It really takes way to much for them to give CLI's i dont know if i was just lucky or that i found the magic person that can make it happen but i emailed the CEO at rich.fairbank@capitalone.com and after about a week and a half of back and fourth calls with a very nice lady at the executive office i got a $1000 CLI on my Platinum Mastercard for building/rebuilding.

Re: Cap 1 CLI

DeadSpider — Wed, 05 Sep 2012 02:32:39 GMT

Much work for $1000 CLI to email.

Cap! Is good for building credit and dumping later if your stuck at low limits.

Re: Cap 1 CLI

Shogun — Wed, 05 Sep 2012 02:47:18 GMT

@DeadSpider wrote:
Much work for $1000 CLI to email.
Cap! Is good for building credit and dumping later if your stuck at low limits.

+1 Cap 1 is not a card to grow with. It gets your foot in the door, then you part ways.

Re: Cap 1 CLI

Anonymous — Wed, 05 Sep 2012 03:02:40 GMT

If only I knew then what I know now, I never would've bothered with cap one. I still keep mine active as it is 0 af and second oldest tradeline. 1000 CL hasn't budged since account was opened 4 years ago. There are much better cards out there for those who are new to/building credit. This is especially true for students.

For those rebuilding credit however, Cap One seems viable. Definitely better than first premier types as far as fees go.

The prime cards they offer are a completely different story and aren't applicable in this discussion of course

Re: Cap 1 CLI

GoodCredBen — Wed, 05 Sep 2012 12:55:51 GMT

Well, i have 2 cards with them.... a classic platinum rewards, and one of their new Cash Rewards (pretty green card) lawl......

The green card has almost 10% less APR then my platinum rewards.....

500$ limit is almost insulting, but it is what my other card is at... sooooooooo we will see.....

Re: Cap 1 CLI

CS800 — Wed, 05 Sep 2012 13:54:28 GMT

@FairCredBen wrote:
Well, i have 2 cards with them.... a classic platinum rewards, and one of their new Cash Rewards (pretty green card) lawl......

The green card has almost 10% less APR then my platinum rewards.....

500$ limit is almost insulting, but it is what my other card is at... sooooooooo we will see.....

I used ot have two cards with them. I cancelled that one with the $500 CL and $59 AF

I'm only left wit hthe Classic Platinum whch is a rebuilder im sure. Been unsuccessful in the past 12 motnhs to get a PC. I have had this card since 2008.

But my APR with the card I have ($100 CL with $39 Af) is below 10%. Would love to get the cashback (green) card. I figured since Cap One pulls all 3, I don't want to risk a HP on all 3, so if by the time next year my AF becomes due, they havent offered me anything, I will cut my loses since I have cards with high CL's and no AF.

I want to give them the benefit of the doubt and see what they can do for me.