cancel
Showing results for 
Search instead for 
Did you mean: 

Cap 1 closed my account. (Updated)

tag
Gmood1
Super Contributor

Re: Cap 1 closed my account.

Something doesn't sound right here. You say they closed because of other limits? There are many of us here with more lines and limits than what is in your signature that have Cap One. I've never had any trouble out of Cap One. I've also never seen this issue brought up on this site. VERY strange indeed.

Message 11 of 44
Anonymous
Not applicable

Re: Cap 1 closed my account.


@Gmood1 wrote:

Something doesn't sound right here. You say they closed because of other limits? There are many of us here with more lines and limits than what is in your signature that have Cap One. I've never had any trouble out of Cap One. I've also never seen this issue brought up on this site. VERY strange indeed.


Well, let's see if others report similar things, as it's a dynamic environment.  Cap One went from THE major  low limit bank to one that is perhaps over generous.   Always possible that at any stage, they may be told to clamp down.

Message 12 of 44
Gmood1
Super Contributor

Re: Cap 1 closed my account.


@Anonymous wrote:

@Gmood1 wrote:

Something doesn't sound right here. You say they closed because of other limits? There are many of us here with more lines and limits than what is in your signature that have Cap One. I've never had any trouble out of Cap One. I've also never seen this issue brought up on this site. VERY strange indeed.


Well, let's see if others report similar things, as it's a dynamic environment.  Cap One went from THE major  low limit bank to one that is perhaps over generous.   Always possible that at any stage, they may be told to clamp down.


True, though I still believe there's more to this than what has been shared.

Message 13 of 44
driftless
Valued Contributor

Re: Cap 1 closed my account.

Yeah, every time we have one of these posts about a bank not doing right by a poster with an AA or CLD, with possible exception of Barclay's, there is usually more to it that eventually comes out. It does not ring true for Cap One to do this without more ............
CSR | Amex Platinum | EDP | QS (2)
Amex Blue Business Plus
Message 14 of 44
baller4life
Super Contributor

Re: Cap 1 closed my account.

Very odd behavior for Cap One. Many of us have a very high amount of available credit which includes Cap One. Please update us when you receive letter. I agree with others that it sounds like there's more to it.
Message 15 of 44
Anonymous
Not applicable

Re: Cap 1 closed my account.

Usually the only time Cap1 messes with you is if you DON'T pay them or bounce payments. I have only heard of one other AA from Cap1 on these forums and that was due to excessive cash advances and paying them back quickly or something on those lines. 

 

There has to be more to the story.

 

 

Message 16 of 44
driftless
Valued Contributor

Re: Cap 1 closed my account.

I note that the OP has ~ 17 cards with roughly a TCL of $167K. Except for folks like me, that is pretty normal on this board.
CSR | Amex Platinum | EDP | QS (2)
Amex Blue Business Plus
Message 17 of 44
Anonymous
Not applicable

Re: Cap 1 closed my account.

Cap1 usually doesn't care about most things as long as you pay them.

Message 18 of 44
SouthJamaica
Mega Contributor

Re: Cap 1 closed my account.


@corymcd88 wrote:

Capital One closed my account today staying that I have too much credit outside of Capital One, they did me a favour and made it easy on me. Good riddance!!


That's the first time I ever heard of Capital One doing something like that.

 

 


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 19 of 44
Anonymous
Not applicable

Re: Cap 1 closed my account.

More to this than is being told.  Pyramiding?

Message 20 of 44
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.