Cap 1

[Anonymous]

does anyone know if you can have more than 1 cap one card at a time?

[Anonymous]

yes you can

[Anonymous]

But why would you want to take three hard inquiry hits for one so-so card

[Anonymous]

yes i still have my 2 cap cards

Cl visa-$1500

CL mastercard $5500

had them for years..called to cancel this year and they raised my limits. kept the cards 

[CreditDrama85]

im kind of surprised at some of the reviews i have read that bash capital one. i have 4 cap one credit cards and received them a few years apart. they seem to have a wide range of products and as a person's credit changes--the offers they receive change.

capital one will always stay in my wallet for a few reasons:

-offer a wide range of products

-they DO NOT practice universal default like most

-offer products based on financial strenght, assests, overcoming past overextensions of credit, vs. a persons credit score alone

-almost never close accts at their request

[Anonymous]

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CreditDrama85 wrote:

im kind of surprised at some of the reviews i have read that bash capital one. i have 4 cap one credit cards and received them a few years apart. they seem to have a wide range of products and as a person's credit changes--the offers they receive change.

capital one will always stay in my wallet for a few reasons:

-offer a wide range of products

-they DO NOT practice universal default like most

-offer products based on financial strenght, assests, overcoming past overextensions of credit, vs. a persons credit score alone

-almost never close accts at their request

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Well I won't argue with that logic.  The non-UD clause is one reason I applied but the down side of the cards are as follows.

1.  Will not convert from one card to another

2. Notorious low limits causing cnsumers to have to have many cards to secure a decent creditline on the combined cards resulting in more likelihood of denial from other limits for the old 'Too many open revolving accounts line.'

3. Tendacny to deny CLIs but approve additiona l low loimit cards to the same user for same reasons stated above.

4. Does not grow with the consumer.  Say you have one of our wonderful posters here, recovering from bankruptcy.  They have worked hard for however many years to rebuild their scores, paid on time onevery account but recived the needs improvement card. The limit on that card will never increase above the 3K max an more than likely will never get there causing that customer to have to app again (three hard hits for one card) jsut to get a card from an issuer that they have already proven themselves to.

CapOne does NOT have its customers in mind

[Anonymous]

I can see the pros and cons as it relates to Cap One.

I had them while the BK still showed on my CRs.  I had lower Cl of $500 on both cards.

I called to cancel and I got a $5K CL just like that.  Since they are some of my oldest lines Credit I have kept the cards.

I never thought they would give me that much of a increase

[Anonymous]

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ragcajun wrote:

I can see the pros and cons as it relates to Cap One.

I had them while the BK still showed on my CRs.  I had lower Cl of $500 on both cards.

I called to cancel and I got a $5K CL just like that.  Since they are some of my oldest lines Credit I have kept the cards.

I never thought they would give me that much of a increase

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I can see sticking with them after a CLI like that. Hopefully, the type of card you have is one that Capital One is changing the policy on and reporting the CL. This could help your score somewhat if your utils lowered because of it. Best of luck to you.

[Anonymous]

I can see that happening.  The first time I got an increase from these guys was when I threatened not to activate it.  I have seen people hold this card for years with no LUV. But the point is , why should a consumer haveto threaten to take their business elsewhere for LUV? What made me more credit worthy than I was five minutes ago?

But I will admit that within two months of the first increase they gave me another one tripling my original credit line... unasked for

Message Edited by Brammy on 09-09-2007 08:19 PM

[Anonymous]

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Brammy wrote:

I can see that happening.  The first time I got an increase from these guys was when I threatened not to activate it.  I have seen people hold this card for years with no LUV. But the point is , why should a consumer haveto threaten to take their business elsewhere for LUV? What made me more credit worthy than I was five minutes ago?

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Very good point. We want more consumer friendly lenders. LOL