CapOne hates me! What should I do now?

[ohjoy]

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@pipeguy wrote:

While I agree with FinStar, in my experience once Cap-1 "buckets" you, you are pretty much stuck. Looking at your cards listed in your signature, why are you even messing with Cap-1?  You certainly don't need it or its big $500 limit. Please feel free to cancel the Cap-1, like yesterday, I would. 

Edited & revised after I looked at your original post again (cards listed)

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Agreed. That huge $500 limit was haunting me. No reason other than that.

[Meanmchine]

@ohjoy  ".... So I go to their prequal page to see if I'm prequalified to app another card. Nope. And I've never been able to get that page to offer me anything."

I have 820 scores across the board.  I have 2 rebuilder cards from Cap1 that Ive had for 12+ years each. Perfect history.  Their CLs are stuck at $3000 and $4000. I have never gotten any prequals from their site.

WELCOME TO THE CLUB

My wallet now has the Amex BCE in it instead of the Cap1 QS

[sarge12]

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@Meanmchine wrote:

@ohjoy  ".... So I go to their prequal page to see if I'm prequalified to app another card. Nope. And I've never been able to get that page to offer me anything."

I have 820 scores across the board.  I have 2 rebuilder cards from Cap1 that Ive had for 12+ years each. Perfect history.  Their CLs are stuck at $3000 and $4000. I have never gotten any prequals from their site.

WELCOME TO THE CLUB

My wallet now has the Amex BCE in it instead of the Cap1 QS

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@Meanmchine....My scores are even higher than yours, and I also get no CLI or limit increases from them. In fact, I get decent SL from cards, but very few CLI's from any card issuers. I do know why that is the case, even though they cannot or will not admit it. There are 3 basic types of credit card holders with some crossover between issuers.

1)  Transactor...This is the group I am a part of, we PIF every month, and generally wind up with very high scores. We rake in rewards, and SUB's and never pay a cent in interest. CC issuers within the inner circles refer to us a deadbeats...call it love or hate, or whatever you wish, but all the issuers make off of us is the transaction fees, and those are eaten up with rewards. We represent almost 0 risk, and 0 rewards. The issuers have hope though that we will at least in part move into the second catagory. The issuers won't close our cards, but don't expect CLI's either if you are in this group.

2) Revolver...The vast majority of CC holders are at least in part in this group. Call it what you will, but card issuers do indeed love you. You are how they make money. You will carry a balance but not allow it to become a real problem. You consider interest as just a part of life, and a cost of doing buisiness. Issuers will likely shower you with automatic CLI's and give you insane increases. Now it might not be love, but issuers drool over your portfolio, and only the postal delivery worker really hates you because you recieve a ridiculous amount of pre-screened offers. You butter the issuers bread, and they know it.

3)  Problem Card holders...I was once in this group. If issuers are really capable of hate...it is you they hate!!! You represent very high risk, but also great rewards. You make issuers tons of money until your ridiculous interest and fees cause a great number of you to seek relief from the BK court. Most of the issuers red ink is firmly from your group. The issuer hopes enough of you move to catagory 2 to break even off of your group as a whole. They also spend endless time and resources calling you and trying to extract an occasional payment from you, and will often just cut their losses by selling your debt to CA's for pennies on the dollar. It might not be literal hate they have for you...but it is close to it.

[aircobra]

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@Remedios wrote:

Cap1 formerly secured cards do not receive any CLI past the first one after 6 statements. That card will be $500.00 forever 

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That is just simply untrue. While you may never have a large CL, you can get increases past the automatic one.

[AverageJoesCredit]

K.I.S.S , with what you have OhJoy, if you want CapOne love you gotta app a different card or kick it to the curb. Seeing a $500 limit with your profile I understand is an eyesore. I have it again with my Navy card. If I dont get another increase later I'll just close it and move on. Plenty of credit fish in the Credit Ocean

[Washin17]

Boy do I feel your pain.  I cant get a CLI to save my life.  I have two with them $500 and $750 both are QS1.  Ive been on auto pay but never paid the entire balance and Ive been on auto pay for a few years so I havent missed a payment.  My fico scores is 710 on eq so I still dont understand why they will not increase my limit.  At first it was my "total balance on accounts" " payments been too low" and "Current balance on this account too high".  After I cleared all that up and tried again I was told "too many inquiries" but I havent applied for anything else besides an auto loan which was only one pull.  Im just stuck!

[joltdude]

Your Cap One is permanently stuck... Only way out of it is either take the three hits for another Cap One product, or go packing elsewhere....

If it were me, id give Cap One the ole Bye Felicia =)

-J