topic Re: What is Cap1's problem?! arghhhhh!!! in Credit Cards

What is Cap1's problem?! arghhhhh!!!

OntheHorizon — Wed, 21 May 2008 23:56:38 GMT

Man I am so sick of them. I've had a Platinum Mastercard from them since 11/06; maybe 1 30 day late and only once over the limit, by like $20. Currently 0 balance, but every time I call backdoor and ask for CLI, not available blah blah blah. Especially frustrating when I read of other's success at CLIs. Do I have one of those cards that max limit is $500? If so then why the he** won' they tell me that when I call? I'm glad the balance is zero, I'm not using it ever again until they give me a CLI !!!!!!!

Re: What is Cap1's problem?! arghhhhh!!!

Red1Blue — Wed, 21 May 2008 23:58:56 GMT

Why dont you get another card from a different company and close this account with CapOne? No point in torturing your self.

Re: What is Cap1's problem?! arghhhhh!!!

OntheHorizon — Thu, 22 May 2008 00:03:33 GMT

I do have others, however this is my oldest and my scores definitely can't afford the hit if I close it.

Re: What is Cap1's problem?! arghhhhh!!!

Red1Blue — Thu, 22 May 2008 00:19:31 GMT

Your credit score will not hurt because you close this account. This account will remain on your CR for next 10 years. Or if there is no AF on the card, then just simply sock drawer it and forget about it. Trust me, I have similar problem with BOA. I have all kind of accounts with them and they would never give me biz credit card or biz loan. I stopped thinking about it as it is the best way to forget about it.

Re: What is Cap1's problem?! arghhhhh!!!

Anonymous — Thu, 22 May 2008 00:59:00 GMT

OntheHorizon wrote:
Man I am so sick of them. I've had a Platinum Mastercard from them since 11/06; maybe 1 30 day late and only once over the limit, by like $20. Currently 0 balance, but every time I call backdoor and ask for CLI, not available blah blah blah. Especially frustrating when I read of other's success at CLIs. Do I have one of those cards that max limit is $500? If so then why the he** won' they tell me that when I call? I'm glad the balance is zero, I'm not using it ever again until they give me a CLI !!!!!!!

I believe most of the people getting the increases did so without any derog's on their account. I can't see many lender's granting a CLI with a 30 day late and OL happening. Try to keep the account paid on time for a few more months and then see. And, if not, sock drawer them.

Re: What is Cap1's problem?! arghhhhh!!!

Anonymous — Thu, 22 May 2008 01:36:58 GMT

Nope-

Capone is my biggest derog on my CR-

They 10X my CL less than a year after being 60 late-

My advice to the OP is to use the card and PIF-

stef37 wrote:

OntheHorizon wrote:

Man I am so sick of them. I've had a Platinum Mastercard from them since 11/06; maybe 1 30 day late and only once over the limit, by like $20. Currently 0 balance, but every time I call backdoor and ask for CLI, not available blah blah blah. Especially frustrating when I read of other's success at CLIs. Do I have one of those cards that max limit is $500? If so then why the he** won' they tell me that when I call? I'm glad the balance is zero, I'm not using it ever again until they give me a CLI !!!!!!!

I believe most of the people getting the increases did so without any derog's on their account. I can't see many lender's granting a CLI with a 30 day late and OL happening. Try to keep the account paid on time for a few more months and then see. And, if not, sock drawer them.

Re: What is Cap1's problem?! arghhhhh!!!

smallfry — Thu, 22 May 2008 02:09:20 GMT

IF you have a $500 limit on that Cap One card it most assuredly is of the sub prime variety. Had them myself. It will never grow. Some people think having an open cc on their reports with a low limit like that hurts getting good limits on new credit cards. I dunno. Sockdrawer or close. I prefer to close stuff that aggravates me and since it isn't that old it wouldn't hurt the score much if at all.

Re: What is Cap1's problem?! arghhhhh!!!

unknown_entity — Thu, 22 May 2008 02:51:35 GMT

Just get another Capone...(lol) that's funny!! card and combine them. Then wait 60 days and apply for another card. It worked for me. I made sure I got the "above average credit" catagory and the max CL on my new card, according to the application is $15k. It started at $750 so we'll see how long it takes to go up. With Capone, my experience has been that they don't care about anything but making your payments on time. I even got a CLI on a $500 card with a $465 balance. They don't even really care about going over your CL. But if you're late ONE time, that's your a** for at least a year.

Re: What is Cap1's problem?! arghhhhh!!!

smallfry — Thu, 22 May 2008 03:02:27 GMT

Since Capital One has started pulling all three bureaus for cards I wouldn't touch any of their products. They do have a prime card or two and I understand there is a benefit if you travel overseas. Still I wouldn't go near them again.

Re: What is Cap1's problem?! arghhhhh!!!

OntheHorizon — Thu, 22 May 2008 03:23:20 GMT

Thanks for the response guys. I have 4 other cards, all at least $1000 limits. My Creditone is $750; I just find it ridiculous that other cards start me out at higher limits right out the gate, and yet cap1 is still my lowest even though I've had it the longest out of all. Now I'm starting to understand why some around here call them "crap1"! No more inquiries for me; I think I'll just keep them in the sock drawer for a while, screw 'em.

Re: What is Cap1's problem?! arghhhhh!!!

Anonymous — Thu, 22 May 2008 03:40:25 GMT

The popular theory around here is that Capital One likes to see A LOT of usage and PIF for CLIs.

Re: What is Cap1's problem?! arghhhhh!!!

Niki9 — Thu, 22 May 2008 03:42:08 GMT

unknown_entity wrote:
Just get another Capone...(lol) that's funny!! card and combine them. Then wait 60 days and apply for another card. It worked for me. I made sure I got the "above average credit" catagory and the max CL on my new card, according to the application is $15k. It started at $750 so we'll see how long it takes to go up. With Capone, my experience has been that they don't care about anything but making your payments on time. I even got a CLI on a $500 card with a $465 balance. They don't even really care about going over your CL. But if you're late ONE time, that's your a** for at least a year.

Am I to understand you correctly, you had a cap1 card, applied for another and combined the 2 cards. Then you waited 60 day and applied for another cap1 card? - did you combine this one, too?

Re: What is Cap1's problem?! arghhhhh!!!

unknown_entity — Thu, 22 May 2008 04:32:01 GMT

Niki9 wrote:

Am I to understand you correctly, you had a cap1 card, applied for another and combined the 2 cards. Then you waited 60 day and applied for another cap1 card? - did you combine this one, too?

Yes, got one Cap One card in 07/2007 (started at 300 CL and was at 1000) and one in 10/2007(started at 300 and was at 1600). Combined those two in 02/2008 for a total CL of 2600 and I just got another one yesterday CL is 750. I don't think I'd attempt anymore combinations. I'm probably pushing my luck with Cap One as it is. lol

Re: What is Cap1's problem?! arghhhhh!!!

Anonymous — Thu, 22 May 2008 14:48:10 GMT

I dont think there's any formula to get CLI with them. I gave up.

Re: What is Cap1's problem?! arghhhhh!!!

unknown_entity — Thu, 22 May 2008 16:02:01 GMT

Here's what I did. It's worked for many on here. Started with a 300 CL, I made my first 3 payments, then called the backdoor number after the 3rd payment posted and got a 300 CLI. When the credit steps hit right before the 4th statement cut, I got an auto CLI of 500. That gave me 1100 total. I waited until the 5th payment posted and called again and they gave me another 500 for a 1600 total. But, since I've combined those two cards, I haven't been able to get a CLI and I called about one a few times.

Re: What is Cap1's problem?! arghhhhh!!!

Anonymous — Thu, 22 May 2008 16:06:03 GMT

I tried to combine my 2 capones cards one visa one MC they wont combine unless there both MC or visa wont combine MC and visa

Re: What is Cap1's problem?! arghhhhh!!!

unknown_entity — Thu, 22 May 2008 16:13:03 GMT

genewal wrote:
I tried to combine my 2 capones cards one visa one MC they wont combine unless there both MC or visa wont combine MC and visa

Call back and get and get another person. They combined them for me. One was a M/C and the other a Visa. Call one of the backdoor numbers. If you call 10 different times, you'll get 10 different people...lol. Someone will do it eventually.

Re: What is Cap1's problem?! arghhhhh!!!

Anonymous — Thu, 22 May 2008 16:32:24 GMT

I don't know why they are that way, but I found them extremely unhelpful too. I ended my relationship with them after they wouldn't end their annual fee charges.

Only once in my long relationship with them was a phone call was helpful (except for when I closed my account). Most of the time it wasn't. However, my wallet was stolen after being with them for 1.5 yrs, and when I got a replacement card by phone they increased my credit limit. I think it probably happened that way because they wanted me to spend more and get more interest from me, as I was a revolver at the time. Not saying get your wallet stolen...but that's how it happened for me. Just dumb luck I suppose.