the EO doesn't need to give a reason. your reason is in your post... crazy high utilization. in their eyes you can't properly handle the credit that's been granted so why would they give you more? i don't understand why you went all the way to the executive office for this... this is why it's becoming harder and harder to contact them and get things done lol. it's an abused system.
first thing is first.... get rid of some of that utilization. the best time to ask for credit is when you don't need it
first thing is first.... get rid of some of that utilization. the best time to ask for credit is when you don't need it
@Anonymous wrote:
the EO doesn't need to give a reason. your reason is in your post... crazy high utilization. in their eyes you can't properly handle the credit that's been granted so why would they give you more? i don't understand why you went all the way to the executive office for this... this is why it's becoming harder and harder to contact them and get things done lol. it's an abused system.
first thing is first.... get rid of some of that utilization. the best time to ask for credit is when you don't need it
Crazy high utilization? You make it seem like I'm at 80-90% util. These are the only cards I carry a balance on. They've been paid to $0 many times and I've put thousands through the cards. I just slowed down on making the larger lump sum payments as of late because I'm putting cash aside for other stuff, so I think I know how to manage my credit and expenses, but thank you for the assumption.
Why did I contact EO for this? Because I can. I am a cusomter, I pay them interest when it happens, I paid annual fees and I pay my bills on time. So if there automated system is not showing me love, reaching out to the corporate offices can increase my chances since most automated systems are preconfigured with algorithms on when and when not to offer a CLI. Also, I don't think you can ask for an APR reduction online, so there is your other reason as to WHY I contacted them. Hope this suffices for you...
Now until they tell me to stop contacting them through email or whatever form I choose, I will use that route. I am sorry you're having trouble and it's becoming 'harder and harder' to contact them and getting things done. I had absolutely no trouble contacting them. But thank you for your advice, sir. I will make sure to lower my util for you and try again at the end of the year.
Have a wonderful weekend, and I mean it.
@Anonymous wrote:
@Anonymous wrote:
the EO doesn't need to give a reason. your reason is in your post... crazy high utilization. in their eyes you can't properly handle the credit that's been granted so why would they give you more? i don't understand why you went all the way to the executive office for this... this is why it's becoming harder and harder to contact them and get things done lol. it's an abused system.
first thing is first.... get rid of some of that utilization. the best time to ask for credit is when you don't need itCrazy high utilization? You make it seem like I'm at 80-90% util. These are the only cards I carry a balance on. They've been paid to $0 many times and I've put thousands through the cards. I just slowed down on making the larger lump sum payments as of late because I'm putting cash aside for other stuff, so I think I know how to manage my credit and expenses, but thank you for the assumption.
Why did I contact EO for this? Because I can. I am a cusomter, I pay them interest when it happens, I paid annual fees and I pay my bills on time. So if there automated system is not showing me love, reaching out to the corporate offices can increase my chances since most automated systems are preconfigured with algorithms on when and when not to offer a CLI. Also, I don't think you can ask for an APR reduction online, so there is your other reason as to WHY I contacted them. Hope this suffices for you...
Now until they tell me to stop contacting them through email or whatever form I choose, I will use that route. I am sorry you're having trouble and it's becoming 'harder and harder' to contact them and getting things done. I had absolutely no trouble contacting them. But thank you for your advice, sir. I will make sure to lower my util for you and try again at the end of the year.
Have a wonderful weekend, and I mean it.
Hi OP, no reason to be upset. Yes, maybe the post came as an attack to you and it should had been better worded it but it is true.
There used to be an EO # where users can call and have their issue addressed. Issues where CSRs had no control over. At one point, users were calling EO for super small things that a CSR could have resolved so it got shut down...it was abused.
I understand where you're coming from with setting money aside for other things and thats why you let the balances be a bit hight, but, requesting a CL with high balances doesnt look good. I guarantee you that if you pay those off or keep a balance less than $50 on each CC and call for the CLI, you might get some love...THEN you can get back to the high balances and setting $ aside. We are all here to help each other and this is the best course of action for you at the moment.
CapitalOne Platinum $500 -> $1500 -> $2000 (1st increase in 3 months, credit steps in 6) ($1100 balance) $1100/$2000= 55% UTL
CapitalOne QuickSilverONE $500 -> $1500 -> $2000 (1st increase in 3 months, credit steps in 6) ($900 balance) $900/$2000= 45% UTL
CapitalOne QuickSilverONE $500 -> $1500 -> $2000 (1st increase in 3 months, credit steps in 6) ($1000 balance) $1000/$2000= 50% ULT
Overall UTL = 50% - Although is not 80%-90% (you're right), you should be at below 35%. Maybe bring them down to 30% or better yet, 20%.
Think of it this way: Would you lend someone $$ if they're almost maxing out the cards? even though the pay on-time? I probably wouldn't, as i would be afraid of that person running to 100% UTL and not be able to gt my $$ back. If he/she was at 0 UTL, i would feel better knowing that he/she is paying off the debt
Why are you saving $ for if i may ask? car? savings? Good for you!
Maybe combine the three into one card after the balances are paid off on two of the cards and ask to PC to a Quicksilver with no annual fee and a 6k limit?
Then try apping again after your reports update. You'll probably have a higher score and the higher limit might help them or another creditor offer better cards with better starting limits.
Then try apping again after your reports update. You'll probably have a higher score and the higher limit might help them or another creditor offer better cards with better starting limits.
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
the EO doesn't need to give a reason. your reason is in your post... crazy high utilization. in their eyes you can't properly handle the credit that's been granted so why would they give you more? i don't understand why you went all the way to the executive office for this... this is why it's becoming harder and harder to contact them and get things done lol. it's an abused system.
first thing is first.... get rid of some of that utilization. the best time to ask for credit is when you don't need itCrazy high utilization? You make it seem like I'm at 80-90% util. These are the only cards I carry a balance on. They've been paid to $0 many times and I've put thousands through the cards. I just slowed down on making the larger lump sum payments as of late because I'm putting cash aside for other stuff, so I think I know how to manage my credit and expenses, but thank you for the assumption.
Why did I contact EO for this? Because I can. I am a cusomter, I pay them interest when it happens, I paid annual fees and I pay my bills on time. So if there automated system is not showing me love, reaching out to the corporate offices can increase my chances since most automated systems are preconfigured with algorithms on when and when not to offer a CLI. Also, I don't think you can ask for an APR reduction online, so there is your other reason as to WHY I contacted them. Hope this suffices for you...
Now until they tell me to stop contacting them through email or whatever form I choose, I will use that route. I am sorry you're having trouble and it's becoming 'harder and harder' to contact them and getting things done. I had absolutely no trouble contacting them. But thank you for your advice, sir. I will make sure to lower my util for you and try again at the end of the year.
Have a wonderful weekend, and I mean it.
Hi OP, no reason to be upset. Yes, maybe the post came as an attack to you and it should had been better worded it but it is true.
There used to be an EO # where users can call and have their issue addressed. Issues where CSRs had no control over. At one point, users were calling EO for super small things that a CSR could have resolved so it got shut down...it was abused.
I understand where you're coming from with setting money aside for other things and thats why you let the balances be a bit hight, but, requesting a CL with high balances doesnt look good. I guarantee you that if you pay those off or keep a balance less than $50 on each CC and call for the CLI, you might get some love...THEN you can get back to the high balances and setting $ aside. We are all here to help each other and this is the best course of action for you at the moment.
CapitalOne Platinum $500 -> $1500 -> $2000 (1st increase in 3 months, credit steps in 6) ($1100 balance) $1100/$2000= 55% UTL
CapitalOne QuickSilverONE $500 -> $1500 -> $2000 (1st increase in 3 months, credit steps in 6) ($900 balance) $900/$2000= 45% UTL
CapitalOne QuickSilverONE $500 -> $1500 -> $2000 (1st increase in 3 months, credit steps in 6) ($1000 balance) $1000/$2000= 50% ULT
Overall UTL = 50% - Although is not 80%-90% (you're right), you should be at below 35%. Maybe bring them down to 30% or better yet, 20%.
Think of it this way: Would you lend someone $$ if they're almost maxing out the cards? even though the pay on-time? I probably wouldn't, as i would be afraid of that person running to 100% UTL and not be able to gt my $$ back. If he/she was at 0 UTL, i would feel better knowing that he/she is paying off the debt
Why are you saving $ for if i may ask? car? savings? Good for you!
Thank you for this. This is the kind of response I was waiting for and just needed some reassurance, not be told that I can't manage my credit. Am I upset over it? Not one bit. This is the internet. I have more pressing things in life that bug me, but not an internet forum 
I usually keep my balances below 30% overall, but like I mentioned, since I cannot afford to pay them down to $0, I still manage to make $200-400 payments because I am putting money aside. I am putting money aside $400-500 every paycheck to save for a home. I understand your analogy and you make a very valid point. Maybe my status now comes off as more 'risky' to them.
@Anonymous I have one option, that's to not spend anymore on my cards and pay the balances back down below 5% or so. I will try again when I am at that stage. It may take me a few months @ $200-400/month on EACH card, but I will eventually be down to a comfortable >5% util. I don't need more credit, I just wanted some padding on my util since overall amongst all my cards, I am @ 21% total. I did not want an adverse affects on my score by carrying a 45-55% util on the cards. But I guess I am just worrying too much.
As far as contacting EO, I don't call them for every single issue I have. I only use that as a last resort, i.e. calling for an increase and all they tell me is to go online and do it and online is showing me no love, I reach out to EO. My mom always told me, a closed mouth doesn't get fed. So if you don't ask or take the appropriate means of getting what you want, then that's your problem. I called Barclays backdoor for APR reduction and I got it. Would I have gotten it automatically? Probably not. Would this work through regular CSR? Probably not. But it's noted, I will be a little more selective and cautious when it comes to when and why I need to reach out to EO.
@Anonymous wrote:
Maybe combine the three into one card after the balances are paid off on two of the cards and ask to PC to a Quicksilver with no annual fee and a 6k limit?
Then try apping again after your reports update. You'll probably have a higher score and the higher limit might help them or another creditor offer better cards with better starting limits.
@Anonymous actually sounds like a great idea. There is no reason why I need 3 cards @ $2k each, it'll make my life a little easier when it comes to remembering to pay 3 different cards with different due dates