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@Anonymous wrote:I hear ya. They must have their mind set or there's a flaw in their credit scoring model because I always get the same old score every time. I even contacted the credit bureaus after talking to Capitol One Executive office staff because they advised me that the credit bureaus are reporting inaccurate data. However; after getting in touch with the bureaus, they advised me that my credit report and scores are updated and all of my other credit cards/financial institutions reported very similar score from the three bureaus except for Capital One.
For me, knowing that my scores simply cannot be a problem (they're in the 800s! what more do they want?!), the denial reasons Cap1 gives me just make me shake my head in disbelief. Whatever!
@Anonymous wrote:I actually had a Walmart credit card from Synchrony Bank that was sold to Capital One I used to get credit limit increase until it's an official Capital One card. Since then, CLI requested denied years after years. I would close that card too but it has a credit limit of $8K which is better than $2900. I just think some people are just stuck in the no CLI demographic for life, such as myself.
We had the same card! Yep, mine was with Synchrony, too, and then got transferred to Cap1. Thank goodness my limit was already $10,000 before the change--because it hasn't increased ONE PENNY since then, despite several attempts. My other two cards, which I had long before the WM card joined them, also haven't been approved for CLIs in years. I don't know what they want! I guess if I ran each card up almost to its limit, and then paid their outlandish interest on them for a few months, MAYBE they'd grant a CLI or two? I don't know. (Regarding the APR: I've recently learned (here) that mine are way out of line with others who have similar credit. At some point, I'm going to attempt to get them lowered.)
@Anonymous wrote:It sounds like we are in the exact same boat. I gave up with Capital One. I just read the thread regarding how some people are stuck in the subprime credit when they initially open their account and never graduate from that especially with Capital One. It makes total sense. https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Card-Asset-Backed-Securities-ABS-and-why-some-subprime/m-p/5083619#M251646
But in my case, that doesn't apply. Both of my existing Cap1 cards (before WM got added) were just regular old Quicksilver cards, one a Mastercard and the other a Visa. Not subprime at all. Not builder/rebuilder cards, just plain old cards! I do acknowledge that when I initially got those, my scores weren't nearly as high as they are now, but they were in the 700s, mid-700s if I remember correctly, so not exactly bad. That's why I don't understand being bucketed by Cap1, but that's certainly what it looks like!
@Anonymous wrote:Maybe subprime is just a relative category to what they consider you at the time that you applied. In my case it was my first card so they didn't really trust me since I'm new to credit and just kept me in that category since then. As I mentioned earlier; they kept showing me the same old credit score when I had huge debt after the housing market crash of 2008 and my mortgage was underwater due to loss in value. I remember never seeing a credit card offer in the mail for years, now I get nonstop offers. My score has definitely improved especially over the past year and all my creditors acknowledged it with either automatic approvals and/or requested. Well; except for Capital One. Lol...I think the only way we can get a higher credit limit from Capital One is to apply for a new card. However, with so many rejections over the years, I'm afraid of getting a hard inquiry pulled and a slap in the face with a credit denial.
Exactly! I think you're right about the new card idea--I know from reading posts around here that that's how some people finally got [in essence] a CLI from Cap1.
But I don't want any other Cap1 products--and a HP plus a denial would indeed be a slap in the face.
They're by far my least favorite CC issuer, and I'm even toying with the idea of closing some or all of my three cards with them. I almost never close a card, so it's doubtful that I'll really end up DOING that, but I am thinking about it!
@SoCalGardener wrote:
@Anonymous wrote:Maybe subprime is just a relative category to what they consider you at the time that you applied. In my case it was my first card so they didn't really trust me since I'm new to credit and just kept me in that category since then. As I mentioned earlier; they kept showing me the same old credit score when I had huge debt after the housing market crash of 2008 and my mortgage was underwater due to loss in value. I remember never seeing a credit card offer in the mail for years, now I get nonstop offers. My score has definitely improved especially over the past year and all my creditors acknowledged it with either automatic approvals and/or requested. Well; except for Capital One. Lol...I think the only way we can get a higher credit limit from Capital One is to apply for a new card. However, with so many rejections over the years, I'm afraid of getting a hard inquiry pulled and a slap in the face with a credit denial.
Exactly! I think you're right about the new card idea--I know from reading posts around here that that's how some people finally got [in essence] a CLI from Cap1.
But I don't want any other Cap1 products--and a HP plus a denial would indeed be a slap in the face.
They're by far my least favorite CC issuer, and I'm even toying with the idea of closing some or all of my three cards with them. I almost never close a card, so it's doubtful that I'll really end up DOING that, but I am thinking about it!
And not only a HP......a Triple HP
On Deck: Possibly Aven 3% Visa
