topic Cap1 hasn't Crap1'nd me yet,Part 3 in Credit Cards

Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 13:54:21 GMT

I logged onto to my account and I see that Cap1 has given me a 500 dollar CLI on one my Visa cards. I used the card on my trip to South America and for other things. Now, I have 2 Platinum Visa Cards both with 1,100 dollar limits. One of my cards has a 0 balance and the other has a balance of around 512 dollars. I plan to pay 250 dollars on the bill tommorrow. When I get that card down to a zero balance I will let it marinate for a very long time and begin using my Wamu card with more frequency since it has been in the drawer for the past couple of months. I have no issues with Cap1 at this point and I want to continue to maintain a positive relationship with them.

Message Edited by landocalrissian on 02-28-2008 05:54 AM

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 14:00:37 GMT

Congrats on the CLI

Let them marinate for awhile-

You can always combine them in the future-

landocalrissian wrote:
I logged onto to my account and I see that Cap1 has given me a 500 dollar CLI on one my Visa cards. I used the card on my trip to South America and for other things. Now, I have 2 Platinum Visa Cards both with 1,100 dollar limits. One of my cards has a 0 balance and the other has a balance of around 512 dollars. I plan to pay 250 dollars on the bill tommorrow. When I get that card down to a zero balance I will let it marinate for a very long time and begin using my Wamu card with more frequency since it has been in the drawer for the past couple of months. I have no issues with Cap1 at this point and I want to continue to maintain a positive relationship with them.

Message Edited by landocalrissian on 02-28-2008 05:54 AM

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 15:25:15 GMT

From reading here - as long as you aren't late or go over-limit with Cap1 they are okay to have as a card--- very conservative though with CLI. However they are pitbulls if you mess up!

Cap1 is now my second highest CL (go figure) - so I really can't complain too much about them. The AF isn't bad compared to 2 other cards - one's funeral is planned already (the other is iffy). At least they now report limits...

Even though it is a rebuliercard - I will probably alway keep it unless they can combine with a non re-builder in about 2-3 years). Even at the max CL for the card ($3K) - it's not a shabby limit.

Message Edited by Lady_Scarlet on 02-28-2008 10:25 AM

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 15:29:57 GMT

I too have no problems with Capital One. They don't have the ridiculous fees of the other subprimes like Credit One, and when I couldn't get more than $300 elsewhere they gave me $2000.

Even though I've moved onto the prime world mostly, I have no issues with them.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 15:57:48 GMT

They gave you a 2000 CL initially????

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 16:07:06 GMT

Well, it was $1000 initially, but I got a $500 CLI through the back door number in the first month and then $500 more from Credit Steps.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

MsKmm00 — Thu, 28 Feb 2008 16:18:24 GMT

What is Credit Steps?

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 18:45:46 GMT

Credit Steps are the program that Cap1 has set up that allows people with "not so hot" credit to receive CLI's if they: 1)Use the card within the first 90 days of receiving it 2)Pay the minimum by the due date 3)Do not go over limit They are used for rebuilder cards, which both of mine are. I am not complaining. It seems like Cap1 showed me some love, because they hit me off with the increase after I put a 512 dollar balance on the card which immediately lowered my utilization.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 19:04:56 GMT

Cap 1 initially gave me a $3k limit. I guess my credit was better than I thought a couple years ago... It's better now.

After I get my mortgage I'm going to look into interest rate decreases and CLIs on two of my 3 cards. My third card gave me a CLI last month when I wrote them GW letter asking them to remove a 30 day late. I have to say, it WAS a good letter.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 19:07:56 GMT

If you have two "credit in need of improvement cards" will they give you a third if you demonstrated proper usage of the other cards??? Anybody know??????????

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 19:26:25 GMT

Congrats lando! WTG! It's a joy to see a cli, and be surprised!

I agree with Scarlet's post completely.

I started out with Cap1 9 years ago, with 1 little $300 Visa Gold card. And added an additional Visa card(same cl), and a M.C.(opening cl:$500) the next year.

Through time, and good pay history, and combining both Visa's, I now have a Visa Platinum($3,200cl) and a Plat.M.C.($2,000cl). PLUS the deletion of the A/F, PLUS the monthly fee.

Treat them well and they will be good to you. Pay late, and/or go over the limit(like I did) and they can be a nightmare for you.

They WILL grow with you....up to a point. They have ceilings on the cl's they give you. I have reached the ceilings on both my cards. But as I've had them for so long, I don't see me closing them.

Message Edited by Sylviatob on 02-28-2008 11:26 AM

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 20:02:51 GMT

The crazy thing Syl is that I have had this one particular Platinum Visa card less than 6 months and received 2 CLI's even though I went overlimit by 8 dollars before my first statement cut. I paid the whole balance off in full as soon as I saw that I was overlimit. I mean quick. They did not hit me with an overlimit fee!!!!! I dodged a serious bullet with Cap1 in this case. I wont make that mistake again.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 20:12:13 GMT

Wow lando, you lucked out there. And you were VERY alert and sensitive to how they would view the o/l. Good for you! You are in a perfect mindset. Don't change it!

I feel like you and Cap1 are off to a VERY comfortable relationship.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Thu, 28 Feb 2008 20:16:46 GMT

They have looked out for me. On the other card, I asked for a AF exemption for this upcoming September and they gave it to me.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Fri, 29 Feb 2008 02:00:01 GMT

That's cool Lando. I got my Cap 1 last month with a $500.00 limit. I was very new to these fourms and based on what I read, I immediately used the back door # to ask for a CLI. Of course, I was declined, but spoke with a supervisor who told me how to get a CLI in the future. Two weeks ago, I got the letter and pamphlet in the mail re: Credit Steps. For the 4th billing cycle, they will give me a $250.00 cli so long as I keep everything going well, which I will do. It is good to see you get some luv. It certainly is encouraging!

Message Edited by RecoveringMyLife on 02-28-2008 06:00 PM

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Fri, 29 Feb 2008 02:11:41 GMT

We all have to support each other. Cap1 has shown me some love. I just wish HSBC and Wamu would show me some more.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Fri, 29 Feb 2008 02:13:04 GMT

You just got to play the game with Capone-

I have 2 $500 limit cards - one opened in 2001 other in 2005.

Both had AF's-

Now it's 1 card with a 6K limit with the old date- no AF.

This was less than 1 year after a late with them too-

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Fri, 29 Feb 2008 02:21:25 GMT

Well, Cap 1 isnt trying to hear anything about offerng me a second card. I keep getting denied. That is ok! I know I need to prove myself with the one I have. Not may complaints as just a month and a half ago, all I had was my lil $300.00 Orchard Bank card.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Fri, 29 Feb 2008 04:12:36 GMT

Timothy wrote:
You just got to play the game with Capone-

I have 2 $500 limit cards - one opened in 2001 other in 2005.
Both had AF's-

Now it's 1 card with a 6K limit with the old date- no AF.

This was less than 1 year after a late with them too-

How do you play the game with them? I know it involves opening new cards and then combining them, but there are so many considerations there. Like the triple pulls and the fact that it's hard to trust them to get the "keep the history" part right.

Re: Cap1 hasn't Crap1'nd me yet,Part 3

Anonymous — Fri, 29 Feb 2008 04:33:21 GMT

I paid the old balances off-

Used it a little, idle for a month- beat the crap out of it for 2 months and put about 3K though it (with 2 500 lines) , PIF let it sit a month-

Then used the back door number-

I never had any doubts about them doing it right- we went over it like 3 times on the phone-

APR is 12.9 (a little lower now but no statement after prime adjustement)

Capone really seems to HATE being paid off and idle-

I would have a hard time justifying a triple pull as well- as I know better now-

cheddar wrote:

Timothy wrote:

You just got to play the game with Capone-

I have 2 $500 limit cards - one opened in 2001 other in 2005.

Both had AF's-

Now it's 1 card with a 6K limit with the old date- no AF.

This was less than 1 year after a late with them too-

How do you play the game with them? I know it involves opening new cards and then combining them, but there are so many considerations there. Like the triple pulls and the fact that it's hard to trust them to get the "keep the history" part right.