cancel
Showing results for 
Search instead for 
Did you mean: 

CAP 1 Credit Increase soft pull?

FenderGuy
Frequent Contributor

Re: CAP 1 Credit Increase soft pull?


@Saeren wrote:

I think for me a lot of my loyalty to Cap comes from the fact that when I had my BK, I did everything wrong. I had things hit after my BK, including a repo for a reaffirmed car during the BK, and I didn’t get to rebuilding my credit until 3 years and some months after my BK and Cap sent me an offer for an unsecured card. I applied for it not expecting an approval and got a $500 limit which is now $8250. 

 

Same boat as you but I had no BKs and started off at $500 and in 4 years only to $4500, I dislike Cap 1 for keeping me at the same APR even though I am on the Venture One card now that I upgraded 2 months ago. Hoping I can get a higher credit line, but wont even bother doing a HP with them

 


 

EQ 812 / TU 802 / EX 818 (Before the credit sprees will update soon)
Message 21 of 31
Saeren
Mega Contributor

Re: CAP 1 Credit Increase soft pull?


@FenderGuy wrote:

@Saeren wrote:

I think for me a lot of my loyalty to Cap comes from the fact that when I had my BK, I did everything wrong. I had things hit after my BK, including a repo for a reaffirmed car during the BK, and I didn’t get to rebuilding my credit until 3 years and some months after my BK and Cap sent me an offer for an unsecured card. I applied for it not expecting an approval and got a $500 limit which is now $8250. 

 

Same boat as you but I had no BKs and started off at $500 and in 4 years only to $4500, I dislike Cap 1 for keeping me at the same APR even though I am on the Venture One card now that I upgraded 2 months ago. Hoping I can get a higher credit line, but wont even bother doing a HP with them

 


 


It’s not like Cap is the only lender that won’t lower your APR, Chase is the same way. If you don’t carry a balance, it doesn’t matter. 

 

Everyone should have a credit union platinum card for those expenses that require one to carry a balance and PIF everything else. 





Message 22 of 31
missd1985
New Contributor

Re: CAP 1 Credit Increase soft pull?

Thank you for your input as well. I do appreiate it., I do not like to waste a HP if I do not have to. I have quite a few right now. One less would be helpful. 

Working on paying off debts, and getting a house by 2022. In the garden until then.
Message 23 of 31
Saeren
Mega Contributor

Re: CAP 1 Credit Increase soft pull?


@missd1985 wrote:

Thank you for your input as well. I do appreiate it., I do not like to waste a HP if I do not have to. I have quite a few right now. One less would be helpful. 


Did you take a score hit? Once you get to a certain number of inquiries, you get bucketed. I took 2 on TU, 1 on EX, and 1 on EQ in the last month and lost 0 points because I already was at 5/6/6. 





Message 24 of 31
missd1985
New Contributor

Re: CAP 1 Credit Increase soft pull?

I hate to sound like a nube but what does bucketing mean?
Working on paying off debts, and getting a house by 2022. In the garden until then.
Message 25 of 31
Pedro1
Frequent Contributor

Re: CAP 1 Credit Increase soft pull?

It makes no difference at all if it caused the requesters score to drop because it’s supposed to be a soft pull. Their website states that requesting a CLI won’t affect your credit. Any other lender that gives you the option of requesting a CLI has specific language advising you that they will pull your credit. Some do have that language and mainly do SP’s. I don’t see how disputing a erroneous hard inquiry would set someone up on a radar for AA.
Message 26 of 31
Saeren
Mega Contributor

Re: CAP 1 Credit Increase soft pull?


@Pedro1 wrote:
It makes no difference at all if it caused the requesters score to drop because it’s supposed to be a soft pull. Their website states that requesting a CLI won’t affect your credit. Any other lender that gives you the option of requesting a CLI has specific language advising you that they will pull your credit. Some do have that language and mainly do SP’s. I don’t see how disputing a erroneous hard inquiry would set someone up on a radar for AA.

Because everything at Capital One is controlled by algorithms in the system. A dispute likely has something programmed into the algorithms as well. Far better to go along with the stated path to rectifying the error than potentially creating a problem that can’t be fixed by a human. 

 

Remember, this is the company that can’t override the system even with the EO getting involved. 





Message 27 of 31
FenderGuy
Frequent Contributor

Re: CAP 1 Credit Increase soft pull?

This is what I have learned about Cap 1 having them for 4 years, the customer service sucks and they bucket a person based on intial HP when 1st applied. I have talked to my legal shield and had them send out legal letters  to Cap1 when I got denied a CI, due to the generic letters they send out, main reason was not making more than the min payments? Min payments set at $75 and  I made $300 payments for over 8 months. Excut customer service got invloved and were useless, they telling me we cant give you a CI, after that I went online and did the automated CI  (Soft pull) and was granted $2k increase, which I am now at $4500 after 4 years. It annoys me to learn that some of you have BKs and are well over my CL. I would never waste a HP with Cap1 and get another one of their products

EQ 812 / TU 802 / EX 818 (Before the credit sprees will update soon)
Message 28 of 31
missd1985
New Contributor

Re: Credit card denial reasons

Thank you for your response. I know that I have a short history with my longest account being 4 years. I moved to the US in 2013 and did not obtain credit until 2015. So I am still trying to bring my credit age up but that all you have is time to wait it out. I also have student loans and it seems each year they open me multiple accounts instead of adding to the ones I have. Not sure if that is taken into account when doing AAOA. 

 

It is funny is the capital one card is the only one I wanted a limit increase on so my utilization is not too high since I had two put two unplanned trips to New Jersey on there. It is not going to just be a couple of months on that one. 

 

 

Working on paying off debts, and getting a house by 2022. In the garden until then.
Message 29 of 31
Omw800
Contributor

Re: CAP 1 Credit Increase soft pull?

Just email the ceo, he will redirect your information to his escalation internal department. You’ll probably receive a call and given a PIN number if you miss the call. Explain everything within the email (intension, misunderstanding and goal), they’re generally good about reversing a hard hit on your credit report. There reversed a late payment for me
Starting Score: 640
Current Score: 697
Goal Score: 750


Take the myFICO Fitness Challenge




Message 30 of 31
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.