Capital One

[Anonymous]

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cheddar wrote:

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PurpleHaze wrote:

This may have changed. I was just declined for a new card (which they told I needed to apply for since they couldnt change my terms or offer a new CLI). They letter states they based the decision on my history with CAP1 (which has 1 late/overlimit in 4 yrs due to theft of my card) and no bureau reports were pulled.

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No kidding?  Thanks for sharing, PurpleHaze!

Has anyone else had the same experience?  This changes things immensely if this is their new standard practice.

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I'm in agreement -- something is changing.  My Cap1 card's potential CLs were listed at 300-3k when I applied.  I applied and got 3k and assumed I would never be able to go over that 3k.  Well, they bumped me to 3750 after 2 months.  (Great payment history, HA!)

Now I'm wondering if the 300-3k range was just for the starting limit, without respect to how high it could go.  Perhaps this is another thing that has changed.

Argh.

[Anonymous]

I started in 95 with a secured around 1000. somewhere around 99 or 2000 I think it went to unsecured at 3000 and then somewhere in between i got to 5000, then last year they bumped me to 7500 (most likely because I had paid it completely off) then about 2 months ago I called and asked for a apr reduction (not sure why i waited so long) and they pulled up my account and said i was a good customer and dropped it 5% to 14.9.

All btw with the same 'ol std green Cap1 card.

Must not have been that good of a customer

[Anonymous]

I started out with a Cap 1 $300 secured card in September of 2004.  They changed it to unsecured after 1 year and moved it to a $500 limit, which is where I've been "stuck" since.  Ugh...