@Stage24u wrote:If you scorres below are current, and your utilization is high, are you suprised?
When it comes to credit, one needs to prepare their file prior to asking for any sort of CLI.
- 700ish scores
- Low utilization reporting
- Good payment/credit history
Speaking from experience, I have 2 CAP1 cards...one credit steps and another Household bank card.
Cap1- EO PC'd me from basic CAP1 to Quicksilver card and raised me from $750 to $2k, and now 4 mo later to $3k
HB now CAP1- EO erased $59 annual fee, raised from $300 to $2k, and now 4mo later to $3k
Have all your ducks in a row, call the EO every 4mo (I ask for the same rep each time as he remebers me), and CAP1 will work with you.
@Half @ssed prep equals half @ssed results.
+1
Cap One was the only credit card that would take me when I started rebuilding my credit. That doesn't mean it's all been peachy with them. I eventually had 2 cards with them and had to close one because they refused to raise the limit and take off annual fee. I kept the last one because it got a decent CLI after a year but it still had an annual fee. After some time in the garden and paying down my utilization I am happy to announce they PC my one remining card to Quicksilver without annual fee. I would bug them every 3 to 4 months as stage mentions and continued to take steps to improve my credit. All of this without any help from EO. This was done through chat and CSR over the phone. Sometimes you just need to have a nice conversation with a person and things work out. When they don't, best thing to do is figure out what you can do to improve your odds next time. Best of Luck.
@Creditaddict wrote:
@negg wrote:@Creditaddict. That's a good one, buuuut I was told bye CSR at BofA that they don't give it CLI without a hard pull. Advised them my other cards are giving me auto CLI. He told me its federal law that in order to get a CLI then have to do a HP. Told him Amex and chase sp for auto CLI. According to him they are breaking the law. Smh at lazy arse that get paid to give out wrong info.
err where did bank of america come into this?
Bank of America does to HP for customer Initiated CLI, they do do manual CLI sometimes but who knows when and how one qualifies, my friend just got one on his Fidelity though.
as far as these stupid and yes I call them stupid underwriters spreading this bs about breaking federal law to give credit line increases without doing a hp on peoples credit is just that stupid... it may be company policy but it is not federal law they pull a hp.. they are required to make sure consumer can resonably repay the debts, repaying debts has nothing to do with hp's.
Yea, the BoA rep is totally full of it. Thankfully I don't deal with them and they don't have any cards I am remotely interested in.
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@Stage24u wrote:If you scorres below are current, and your utilization is high, are you suprised?
When it comes to credit, one needs to prepare their file prior to asking for any sort of CLI.
- 700ish scores
- Low utilization reporting
- Good payment/credit history
Speaking from experience, I have 2 CAP1 cards...one credit steps and another Household bank card.
Cap1- EO PC'd me from basic CAP1 to Quicksilver card and raised me from $750 to $2k, and now 4 mo later to $3k
HB now CAP1- EO erased $59 annual fee, raised from $300 to $2k, and now 4mo later to $3k
Have all your ducks in a row, call the EO every 4mo (I ask for the same rep each time as he remebers me), and CAP1 will work with you.
@Half @ssed prep equals half @ssed results.
+1 Instead of calling it "crap 2" or whatever, just cancel the cards if your unhappy (it doesn't look like you need them anymore anyway). They don't have to give you a cli and you don't have to give them your business. I' was really satisfied with the way the EO handled my CLI and it was my first five figured credit line. I think the credit product people have from cap 1 can impact the type of credit lines they can obtain down the line.
