topic Re: Why is Cap One so stingy? in Credit Cards

Why is Cap One so stingy?

CS800 — Mon, 24 Mar 2014 15:21:01 GMT

My MC with them (converted from the green card to Quicksilver). Still sits at $5K after 4 years and always fail on the CLI.

Re: Why is Cap One so stingy?

yudeology101 — Mon, 24 Mar 2014 15:32:59 GMT

Sorry to hear, have you tried the facebook or the EO route? They seem to be the ones to fix most of the issues for Cap1.

Re: Why is Cap One so stingy?

Burned2manybridgesB4 — Mon, 24 Mar 2014 15:33:12 GMT

I gave up with them a few months ago. Grew tired of the "banging my head into a brick wall" to grow the TLs.

Re: Why is Cap One so stingy?

eagle2013 — Mon, 24 Mar 2014 15:39:46 GMT

@yudeology101 wrote:
Sorry to hear, have you tried the facebook or the EO route? They seem to be the ones to fix most of the issues for Cap1.

Pretty much the only way to get anywhere with Cap 1 unfortunatley.

Re: Why is Cap One so stingy?

Creditaddict — Mon, 24 Mar 2014 15:40:08 GMT

@CS800 wrote:
My MC with them (converted from the green card to Quicksilver). Still sits at $5K after 4 years and always fail on the CLI.

Based on your BofA CL I would email EO for Cap1 and ask for manual review (it's sp)

Re: Why is Cap One so stingy?

Anonymous — Mon, 24 Mar 2014 17:37:37 GMT

Direct from Capital One's website:

Why was my credit line increase amount lower than I expected?

Capital One is generally a conservative lender. Keep in mind that we can consider you for another increase in six months.

Re: Why is Cap One so stingy?

Burned2manybridgesB4 — Mon, 24 Mar 2014 17:39:02 GMT

@Anonymous wrote:
Direct from Capital One's website:

Why was my credit line increase amount lower than I expected?
Capital One is generally a conservative lender. Keep in mind that we can consider you for another increase in six months.

I like how they changed the rules, due to the influx from EO pestering, about the six month rule now...another reason I was more than glad to say "see ya."

Re: Why is Cap One so stingy?

p- — Mon, 24 Mar 2014 18:16:29 GMT

@CS800 wrote:
My MC with them (converted from the green card to Quicksilver). Still sits at $5K after 4 years and always fail on the CLI.

What reason do they give you? My last CLI request on my 10k card was denied becasue I don't use enough of the available credit.

Re: Why is Cap One so stingy?

CalAlumnus13 — Mon, 24 Mar 2014 18:22:53 GMT

My last CLI request on my $4.5k Quicksilver was denied for these reasons:

-Based on the amount of your current credit line(s) with Capital One, your credit score isn't high enough to qualify for an increase. Please see the back of this letter for more details on the determining factors that affect your credit score.
-Recent use of this account's existing credit line has been too low

My EQ FICO, per the denial letter, was 720.

Re: Why is Cap One so stingy?

p- — Mon, 24 Mar 2014 18:35:48 GMT

CalAlumnus13 wrote:...Recent use of this account's existing credit line has been too low

I got 10k from the EO before I ever broke 720... But if you're not using the line, they probably won't give you more.

Re: Why is Cap One so stingy?

CalAlumnus13 — Mon, 24 Mar 2014 18:38:30 GMT

Yeah, I barely touch that one anymore.

Re: Why is Cap One so stingy?

p- — Mon, 24 Mar 2014 18:41:19 GMT

@CalAlumnus13 wrote:
Yeah, I barely touch that one anymore.

Can't really blame them, then, right? I know when I got that message I looked back at my usage, and was like "okay, makes sense I guess."

Re: Why is Cap One so stingy?

CalAlumnus13 — Mon, 24 Mar 2014 18:44:56 GMT

@p- wrote:
@CalAlumnus13 wrote:
Yeah, I barely touch that one anymore.
Can't really blame them, then, right? I know when I got that message I looked back at my usage, and was like "okay, makes sense I guess."

Yeah, exactly. I wish Cap1 was a little looser with CLs, but I've only put $250 on the card since September (and nothing at all in 2014). Not exactly testing the limit.

Re: Why is Cap One so stingy?

juggalo9er — Mon, 24 Mar 2014 20:04:14 GMT

capitol one values you being a customer to them and "is a conservative lender who only wished to protect its customers"! and there you have it

Re: Why is Cap One so stingy?

Longroad — Mon, 24 Mar 2014 22:25:10 GMT

I went the EO route last week and didn't get a dime. Sits at $300, just like it did when I got it in June 2012. They permently waived the AF and refunded last years, so it's not costing me anything. I use it up to the limit with my cable bill and gas and PIF every 2 weeks. No clue what they want.

Re: Why is Cap One so stingy?

Anonymous — Mon, 24 Mar 2014 22:42:17 GMT

I dont understand why capital one is not so good to some of you...

am starting to think maybe it is because they only want to deal with people who can not get better cards and therefor give them more credit so they make more in interest ??

I say that because I sit at about a 550 credit score... got a capital one quick silver $300 limit in October of 2013.... called in to EO to "thank them for the 2nd chance" and the EO raised my limit to $1500

In two weeks my credit steps kick in and should see at least another $200 increase if not more... and only have had the card 6 months...

Most people such as OP have way better cards and higher limits that I can not get.... I get turned down by everyone except for Capital One....

Granted I put a lot of money through the quick silver... and PIF several times a month....

So are they stingy or just want to make money off people who can not get any better cards ?

Re: Why is Cap One so stingy?

Peter1142 — Mon, 24 Mar 2014 23:17:08 GMT

6 months after my last CLI with 710 scores with extensive use they still only give me $500 CLI. They arr losing me to Discover, who quadrupled their limit.

Re: Why is Cap One so stingy?

mrgoattoo — Tue, 25 Mar 2014 00:11:58 GMT

But if you're not using the line, they probably won't give you more"

==========================

Definitely agree.

My wife and I have about the same score, yet CapOne has never given her an increase even though shes had her card longer.

But, she never uses it. I was using mine for a long while for monthly purchases. then paying it full each month, and they upped me from $1250, I think it was, to $4500 without my asking. Since Ive stopped using it for monthly purchases it has never gone up again so far.

Re: Why is Cap One so stingy?

SunriseEarth — Tue, 25 Mar 2014 00:20:31 GMT

Cap One is a strange animal. I had to wrestle my way into getting my QS1 to $1000 CL, but AMEX was willing to instantly approve my BCE for $1500. I did manage to get a $1500 CL on the Cap One Sony Card, but only after I reconned.

Re: Why is Cap One so stingy?

ways2go — Tue, 25 Mar 2014 00:21:20 GMT

It took me over a year to go from a 1300 to a 3300 limit on my Cap One Platinum, I wish I could turn it into a QS though. The luv button finally worked on my end. It was the card that I usually use until I got my Discover card last year, especially the past 3 months with the 5% back on restuarants and movies. I've been using it alot , but after the first , I'll probably move to my BOA Bass Pro Card, give that a rotation.