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I have two CapitalOne Cards that were open in early 2007 after my bankruptcy in August 2006. They were the first company to give me credit cards following the bankruptcy, the first one received a $3,500 limit and the second one received a $3,000 limit.
In 2013/2014, they upgraded me to their Quicksilver card so I could get cash back on my purchases. As my finances have drastically changes since then, I've attempted to request multiple limit increases, and I've kept getting denied because they say I don't use enough of my credit limit to justify a limit increases.
Then in December I just decided to apply for a CapitalOne Venture card for their 40,000 bonus miles, and was given a $50,000 credit limit.
Can someone explain how/why they won't increase my limit on a card with $3k limit, but will give me a new card with a $50,000 limit? I would rather have the limit on one of these older cards that's I've now had for 8 years.
@anm688 wrote:
I have two CapitalOne Cards that were open in early 2007 after my bankruptcy in August 2006. They were the first company to give me credit cards following the bankruptcy, the first one received a $3,500 limit and the second one received a $3,000 limit.
In 2013/2014, they upgraded me to their Quicksilver card so I could get cash back on my purchases. As my finances have drastically changes since then, I've attempted to request multiple limit increases, and I've kept getting denied because they say I don't use enough of my credit limit to justify a limit increases.
Then in December I just decided to apply for a CapitalOne Venture card for their 40,000 bonus miles, and was given a $50,000 credit limit.
Can someone explain how/why they won't increase my limit on a card with $3k limit, but will give me a new card with a $50,000 limit?
This -$50,000 credit limit with CAP 1. Am I reading that right or is it a typo
$50,000 US Dollar limit? Congratulations!!
Explanations? We don't need no stinking explanations!
Yes, $50K, lol. I've heard they don't usually give people high limits, but I've had a different experience with them for new cards. I even opened another Quicksilver card with them 3 days ago, and that one was approved for a $20K limit, which is lower than my Venture card, but still not too bad.
@NRB525 wrote:
$50,000 US Dollar limit? Congratulations!!
Explanations? We don't need no stinking explanations!
My jaws are on the floor and I am trying to pick it up.. $50,000 line with CAPITAL ONE Maybe I better re-adjust my thinking and start using CAP 1.
FWIW, you should just be happy with the new card at $50k. There is, literally, no way in this lifetime that CapOne would increase your $3k cards to anything even a fraction of $50k, so don't rock the boat, don't recon to try to transfer the limit, don't poke the bear, just enjoy this card as is.
#StillShocked
@NRB525 wrote:FWIW, you should just be happy with the new card at $50k. There is, literally, no way in this lifetime that CapOne would increase your $3k cards to anything even a fraction of $50k, so don't rock the boat, don't recon to try to transfer the limit, don't poke the bear, just enjoy this card as is.
#StillShocked
+1. Why do you need an increase though... That is just a mind blowing limit from CAP 1.
@anm688 wrote:Yes, $50K, lol. I've heard they don't usually give people high limits, but I've had a different experience with them for new cards. I even opened another Quicksilver card with them 3 days ago, and that one was approved for a $20K limit, which is lower than my Venture card, but still not too bad.
Ok, you have to list out all your cards and your MyFICO scores. You're not getting out of here by only dropping snippets of information.
@NRB525 wrote:
@anm688 wrote:Yes, $50K, lol. I've heard they don't usually give people high limits, but I've had a different experience with them for new cards. I even opened another Quicksilver card with them 3 days ago, and that one was approved for a $20K limit, which is lower than my Venture card, but still not too bad.
Ok, you have to list out all your cards and your MyFICO scores. You're not getting out of here by only dropping snippets of information.
I am actually tempted to close my CAP 1 card and re- apply. Thats one heck of a limit.