Cap One prime card CLI?

[Anonymous]

I got the Cash Rewards (average credit) card 6 months ago.   CL was $3000, and it had 9 months 0%.  It is my main card and gets used constantly.   I am carrying heavy balances (80 to 90%) on this and 2 other accounts with 0% interest.   

Today the CL was raised to $3500, unsolicited.    I was suprised, but wonder if they are hoping I will carry a larger balance past the 0% (Nah, I am probably just being paranoid).   

[Anonymous]

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@Anonymous wrote:
Just called in and had the computer on the line. told me that I am not eligible for and increase currently. Oh well, I'll live.

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I have one of their "prime" cards too. Had it for about a month.

So, they tell you to call in for a CLI, then of course they deny you. Seriously what kind of business is that? It's like they are trying to push people away.

It's this and their customer "service" that has caused me to sock-drawer that card. It has no balance on it now, and my plan is that it will never be used again until I get around to closing it at my convenience. I'd rather use other cards and companies that can grow with me, unlike Cap One. What's in my wallet? Not Cap One anymore it's in my sock drawer.

By the way, guys, is it better I wait for them to get around to closing that or just call in myself and close the thing? I thought of just letting it sit until they close it but does it really matter who closes the account? In other words would it look worse on my report if it says closed by lender instead of closed by me?

[Anonymous]

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@Anonymous wrote:

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......  Not Cap One anymore it's in my sock drawer.

I thought of just letting it sit until they close it but does it really matter who closes the account? In other words would it look worse on my report if it says closed by lender instead of closed by me?

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 A sock drawer card with $3000 limit is a nice "Emergency Card".   IMO, I would keep it for such, and use occasionally to keep open.

I don't think it matters who closes a card in good standing.   

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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......  Not Cap One anymore it's in my sock drawer.

I thought of just letting it sit until they close it but does it really matter who closes the account? In other words would it look worse on my report if it says closed by lender instead of closed by me?

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 A sock drawer card with $3000 limit is a nice "Emergency Card".   IMO, I would keep it for such, and use occasionally to keep open.

I don't think it matters who closes a card in good standing.   

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Thanks Wolf