Any Capital One card holders here?

[score_building]

And you are not fooling the other banks out there....everyone knows Cap 1 is a subprime card account...whether your limit is $300 or $3000....it's all the same to them.

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not so - when a lender sees another bank is willing to loan you 3000 it indicates a more credit worthy applicant than one who has been granted 300 no matter what bank it came from.  Since banks know cap1 is king of the low limits, if you snag a higher limit,  that may look better since cap1 can be resistant to granting higher limits and other banks know this too.  A 300 limit from cap 1 is a red flag.  A 3000 limit from cap 1 not so much.  If your cr is otherwise spotless a 300 cl from cap1 -not so nice.  a 3000 cl from cap1-gets you under the radar.  I hope you are right and i am wrong so i don't have to bother apping to combine. However, it is a pretty basic precept that higher limits get you higher limits (and lower limits can make banks nervous). 

Also you aren't closing accts. from what i understand, rather combining.  inquiries go away after 2 years, although that is a concern esp. since they pull all three.

[upinflagstaff]

Which cards you have only matters in a manual review.

[score_building]

interesting, that may be true sometimes but i think cards/issuers are coded for scoring purposes so  a cu card for example may be 'worth' less than a nat'l card.  refering to credit limits higher limits probably indicate a more responsible borrower even w/o manual review.

[Kartel34]

I started out with 300 CL an my scores were around high 5.When I called the back door # they gave me a 300 CLI. The phone rep told me that an increase is based on your payment history not CS. Now when my credit step hits that should put me around 750 CL. Otherwise no complaints.

[Anonymous]

It took me years before they gave me more than the 600 cl I had.  I hung in there and now I'm glad I did.  They were my 2nd card after BK so I like them.  They gave me a chance.  They like to see action on the card and pif.

BTW  I had a 49. a/f which they now waive.  Also had security of 49. which they sent back years ago.

Message Edited by casinoannie97 on 09-12-2008 07:04 AM

[charlie100]

I also had  the  Cap  one card  for about  two  years and  after reading boards  I decided to ask for  a cli .  Got a nice rep who asked  what  I  would be using it for , I responded that  I would use it for daily transactions and more if  the limit were higher .   How much do  you want  he asked ,  and  I  quickly responded   500(  I should have asked for more ). He   approved . Then he asked if  I wanted to take advantage of a balance transfer offer .  I would  i replied if  if limit was higher  and nicely asked again for a higher  cli.  He nicely said no, to call back.  So now its at 1k , a good start.  My question ,  how do i get rid of  the annual fee?

[upinflagstaff]

Cap1 only lets you call every 6 months for account changes. For the AF you have to call within a month of the annual fee being posted to the account and ask for it to be waived. When I still had AFs with them I had to keep track of the AF date and make sure not to ask for anything else within that 6 month window. They would post the AF and then I would get a credit for the AF amount. If you carry a balance they might get a little interest off of you for doing it this way. All the usual applies: account has to be in good status, no lates, etc. and they will usually do it.