I'm pissed off with Capital One and I don't expect anyone else to be either so I'm okay with having a pity party of 1.. Their absolute refusal to allow my platium card to grow when my scores are 690 and up between FICO 8 and 9. I'm over it. They are on now officially on my do not do business with list. Closed the card and before it reported as closed got on navy and applied to refinance my Capital One Auto loan that is only 4 months old, with less than 4,000 miles on the car. Navy approved me for a new car loan (instead of saying refinance so I wonder if I get that $200 promo I've seen advertised???) with a rate of 3.74 for 72 months. Beat Capital One's 5.62 at 84 months. My payment went up like $35 a month, but I'll be paying it off sooner and saving on interest. **Mod Cut - No profanity per myFICO TOS**Capital One- you ain't making no more money off me.. Thank you, Navy. (Beat Army!) Go Air Force!!! 
@EquityinScoresNow22 wrote:Congrats, on closing your Capital One! It's your credit and your journey. You are in the driver's seat. That being said, I'm not a credit expert, but I'm not sure that was a good move. If you've had the card for any length of time, you may actually hurt your score in the short term. You are losing out on the "credit available" column which enables your debt/credit available ratio to show more favorable. Maybe some of the credit experts will chime in on this. Either way, you'll recover with time. But be careful making emotional decisions like that especially if your score is important to you!
Best!
I asked about it in another thread. It's only a year and a half old with a $400 limit. I have way bigger limits that it wasn't putting a dent in the available credit column. Will I see a score drop? Yes, I do anticipate one but I don't plan on asking for any new credit.
So. About capital one.
There are essentially 4 levels of capital one credit cards. If you want to move on to the next level with them, you'll most likely have to apply for another product. Don't get mad.. just understand how they work.
Level 1 secured/bad credit - starting limits as low as 300.00 maximum limits 2000.00 (may take 10 years to reach max level)
Level 2 reported bankruptcy - starting limits $3000.00 maximum limits maybe $5000.00
Level 3 Normal growth $2000.00 -$30000.
Level 4 $30000+ (I know someone with a business limit of $95000.00)
If you're stuck at the lower tiers,dealing with them can be extremely frustrating. But, capital one is normally at the top of anyone's list when rebuilding and when nobody else will give you unsecured credit.
Last Inquiry 12/23/2022 Ally Bank Mortgage
