Capital One denied CLI

[gtnitright]

So I pulled the trigger requesting a credit increase. I got the 10 day letter. Well they sent email advising it was declined. Some of the reasons: credit score 692 EQ, number of inquiries (2) Really??, and delinquencies- the only baddie is Macy's and a few mortgage lates from over a year ago... Really Cap 1. I'm paying the balance and it's going in the sock drawer! Mad as the devil but glad it's a soft pull.

[pipeguy]

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@gtnitright wrote:
So I pulled the trigger requesting a credit increase. I got the 10 day letter. Well they sent email advising it was declined. Some of the reasons: credit score 692 EQ, number of inquiries (2) Really??, and delinquencies- the only baddie is Macy's and a few mortgage lates from over a year ago... Really Cap 1. I'm paying the balance and it's going in the sock drawer! Mad as the devil but glad it's a soft pull.

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Capital One is a funny critter - they either love you or hate you with no logic that I can see. If you read through my old posts (not that you'd want to) you'll see that I've been a big defender of Capital One as they have helped a lot of people rebuild with a moderte AF, and not by charging "CreditOne or First Premier" fees and interest rates. Having said that, they are maddingly inconsiderate of most card holders once they have re-established good credit.

I've closed 3 accounts with Capital One (Platinum, HSBC converted to Cap-1 and Sony) because they refuse to increase credit limits to reasonable levels. The HSBC the they balanced  chased me from a $2000 CL to $705 when I came in to Capital One with a $700 balance from HSBC - I instantly closed and paid the card. I have more than a few cards today with 5 figure credit limits, the one Capital One card I have left (QS) they refuse to increase no matter what, always some lame "sub-prime" excuse. I spoke to the EO folks through facebook, they asked for a full financial statement and 1040's - I told them to kiss my grits. I wouldn't give that information to AmEx and I sure won't give it to Capital One when I have a pocketful of other options. Today CLI requests from Capital One is a "hobby", once a month I hit the over buttom, once a month 2 days later they send a decline letter - I don't care I no longer use the card for anything.

 As I've said many times credit cards are just a tool for my convenience - if the effort outweighs the reward, I move on.

[TRC_WA]

I got a $500 CLI after contacting the EO via Facebook. I requested $1500 after being denied for not enough card usage.

Both my cards were the first major CCs I got and both are my lowest limit cards.

If they don't grow with me I'll close them at the 2 year mark and make up the loss of CL with a CLI from BECU or Barclay.

[rudy0720]

why do you get upset with Capital One for somethigng you did? Mortgage lates are not treated kindly especially that soon. Make sure you pay things on time and you will get a CLI