@Anonymous wrote:When I turned 18, my grandparents opened 2 credit cards for me. They used the card how they were supposed to, and always paid the bill in full every month until I turned 19 and they felt I was responsible enough to use it.
6 years later now, they are coming back to bite me in the rear in the form of never being offered a credit limit increase. I'm sitting on multiple cards with the lowest (besides my $300 capital one cards) being an American Airlines $5000 card for travelling, the highest limit being $9500 on another. I'm paying off a truck, and have always paid my bills on time. The only thing that's hurting are my low limits on the capital one cards.
Of course these cards have been on my credit report for 7 years now, and are by far the only thing keeping me in a decent standing with my length of credit, yet they are also hurting me because of my low limits. I've called multiple times and they always tell me they can't increase my credit, that it's automated.
Is there any tip or trick to getting the limit raised on a Capital One card?
I also have an AMEX with no preset spending limit, does that even show up on credit reports?
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Yes, your NPSL card appears on your CR, but it doesn't appear as a CC. I'd give the C1 EO a ring if you haven't already. If they won't budge, just close the card if it has an AF you don't want to pay, or keep it if you are worried about AAoA (keeping in mind it'll still factor in for 10 years). I personally would close it unless they can get you up to a usable limit.
@Anonymous wrote:When I turned 18, my grandparents opened 2 credit cards for me. They used the card how they were supposed to, and always paid the bill in full every month until I turned 19 and they felt I was responsible enough to use it.
6 years later now, they are coming back to bite me in the rear in the form of never being offered a credit limit increase. I'm sitting on multiple cards with the lowest (besides my $300 capital one cards) being an American Airlines $5000 card for travelling, the highest limit being $9500 on another. I'm paying off a truck, and have always paid my bills on time. The only thing that's hurting are my low limits on the capital one cards.
Of course these cards have been on my credit report for 7 years now, and are by far the only thing keeping me in a decent standing with my length of credit, yet they are also hurting me because of my low limits. I've called multiple times and they always tell me they can't increase my credit, that it's automated.
Is there any tip or trick to getting the limit raised on a Capital One card?
I also have an AMEX with no preset spending limit, does that even show up on credit reports?
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I dont understand how low limit of a cc can hurt you? I mean it would not be useful but not hurting you either. Have you try the credit limit increase button on the website?
@Anonymous wrote:When I turned 18, my grandparents opened 2 credit cards for me. They used the card how they were supposed to, and always paid the bill in full every month until I turned 19 and they felt I was responsible enough to use it.
6 years later now, they are coming back to bite me in the rear in the form of never being offered a credit limit increase. I'm sitting on multiple cards with the lowest (besides my $300 capital one cards) being an American Airlines $5000 card for travelling, the highest limit being $9500 on another. I'm paying off a truck, and have always paid my bills on time. The only thing that's hurting are my low limits on the capital one cards.
Of course these cards have been on my credit report for 7 years now, and are by far the only thing keeping me in a decent standing with my length of credit, yet they are also hurting me because of my low limits. I've called multiple times and they always tell me they can't increase my credit, that it's automated.
Is there any tip or trick to getting the limit raised on a Capital One card?
I also have an AMEX with no preset spending limit, does that even show up on credit reports?
mod edit- language
At about 25 years old you are thinking it is bad to have a $5k airline card and a $9,500 limit on another card? Plus others in between?
What is your feedback directly from lenders that the CapOne cards are the issue? That's a common complaint here, but those complaints are just opinions.
What are your MyFICO scores? What is your spend requirement on the cards? Which cards do you have? How long have you had each card? Each CCC has different criteria or liklihood of giving CLI, so it really depends on the lender.
As to CapOne, with history on a card you have with them, and a decent FICO, you have to app for a new CapOne card in order to get out of the starter limit card. They don't seem to do graduation of the same card from $300 to $20k, it's just not how they are set up. But they do provide new, larger limit cards to their proven customers.
