Best way to beat Capital Ones system is to get another lenders cc
@AverageJoesCredit wrote:
Best way to beat Capital Ones system is to get another lenders cc
^^^^^^^^^^^^^^^^This^^^^^^^^^^^^^^^^^^
@AverageJoesCredit wrote:
Best way to beat Capital Ones system is to get another lenders cc
+1
That statement is pretty much it in a nutshell if you ask me.
I have some cards i set for always PIF and i have others i choose to roll balances on from time to time.
A weird issue i have going with them is they are by far and away my singlemost highest outrageous APR card so it stays PIF or BT card only.
The only way out for me is to apply for another of their cards (3 HP's) and spin the wheel on the chance of a more reasonable APR this time. At 23.99% this thing would be a vaccum machine for interest if you rolled on it and besides i don't like keeping high apr cards in my lineup anyway.
But Capital One does not do APR reductions where most all other Lenders do.
Based on your profile you should be at the very least $2-3$K CL with Cap1 now. You got your card back when your profile was way less than what it is now. That’s a classic case of what we call here at myFICO land as being “bucketed”. That card will never grow or maybe will top at $1K someday. If you really like Cap1 then you’re better off applying for a new card with them and get a much higher CL. Check out their pre-qual site and see what it brings you. But be aware of their 3X HP (1 each CRA) when you app though.
Best of Luck and keep us posted
Best of Luck and keep us posted
@JR_TX wrote:
Based on your profile you should be at the very least $2-3$K CL with Cap1 now. You got your card back when your profile was way less than what it is now. That’s a classic case of what we call here at myFICO land as being “bucketed”. That card will never grow or maybe will top at $1K someday. If you really like Cap1 then you’re better off applying for a new card with them and get a much higher CL. Check out their pre-qual site and see what it brings you. But be aware of their 3X HP (1 each CRA) when you app though.
Best of Luck and keep us posted
Exactly what I was going to say!
If your file has improved and you get prequal offer (single APR shown on offer) from the website, I would apply for a new card and combine the $500 card into it. Cap One is one of the easier lenders to get in with, but the one of the hardest cards to grow, in my opinion. Just depends if you want to take a triple pull for a better limit.
2 years ago I started with a $300 QS1. Through applying for new cards and combining limits over those 2 years, I now have a QS with a $16,550 limit. Just remember, combining limits resets the CLI clock, which is one request every 6 months.
Good luck!
Its crazy, if someone asked me WHATS IN YOUR WALLET?, i can honestly say not Cap One. I just think there are too many loops to jump through along ones credit journey, no pun intended
@CreditMagic7 wrote:
@AverageJoesCredit wrote:
Best way to beat Capital Ones system is to get another lenders cc+1
That statement is pretty much it in a nutshell if you ask me.
I have some cards i set for always PIF and i have others i choose to roll balances on from time to time.
A weird issue i have going with them is they are by far and away my singlemost highest outrageous APR card so it stays PIF or BT card only.
The only way out for me is to apply for another of their cards (3 HP's) and spin the wheel on the chance of a more reasonable APR this time. At 23.99% this thing would be a vaccum machine for interest if you rolled on it and besides i don't like keeping high apr cards in my lineup anyway.
But Capital One does not do APR reductions where most all other Lenders do.
While I have never had Cap1 do a permanent APR reduction, I have gotten multiple 6-9 month APR reduction promos on both my cards over the years. They tell me when a promotion ends to call up and check to see if I can get another, and usually I can so it ends up being almost back to back lowered reduction.. usually 4-5%.