How to get a PC or CLI from Capital One

[RainaB13]

Oh, recommendations on cli? I thought up to $4000 on ea. card, as that is my lowest outside of Cap 1. I was also wondering about a pu on my former HSBC card after this. Keep 1/3 of it's cl for credit history & putting 1/3 on ea of the cb cards. Does anyone know if that's possible?

[kawaiiguy]

I feel your pain. My other cards are around 10k as well and my quicksilver I just got up to 3k with that process. That neg from Midland is going to keep you down with Cap1 no matter what your scores are :-/
Just work the FB angle and hope for the best, they are such a tight lender it's just crazy.
Good luck
Let us know how it goes!

[Fico2Go]

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@ABuckNow wrote:

Has anyone had success with this process on a PC from the cap1 secured card - the one that starts with CL of $200-300? The card says Platinum on it (lol), but I think it's different than one I hear others talking about (around a $750 starting CL).

I've tried and tried to get them to PC (ficos are now around 680-700, depending which CRA), but no dice.  Also asked them about backdating (like amex does): nope...didn't even know what I was talking about.

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Different organizations use different terms.  Backdating request might not be understood by cap1 but their PC might come with backdating by default. 

Recently I contacted Chase for a product change request.  The rep didn't really understand the term but she clearly understood request to "convert" to new card.

[Fico2Go]

Another pt worth considering is that a CLI might only result in lower increase based on internal underwriting but a new app might consider your overall credit profile which could result in greater cli or lower.   

Different shoes for different season.

[kawaiiguy]

Good point on the seperate app... I was tired of my Chase Freedom measley balance of 3k and app'd for a Sapphire and got 7500 instant.  Most banks have diferrent criteria for different products, it may be worth a shot on a diff Cap1 product if you can afford the inquiry.

[Fico2Go]

That's correct.

A creditor can use one of three:

1:  Internal underwriting data based on your relationship with them.. balance, payment history, # accounts, etc..

2:  Soft pull based on snapshot of recent monitoring of your overall credit;

3:  Hard pull based on today's picture.

Dependnig on what the objective is might  be advantageous to choose one over the other.  

If I had a small limit with Cap1 and I'm looking to double the limit I might just ask for SP or internal underwriting.  But if I wanted to get 3X or higher limit I might still start with asking for 3X CLI without credit check but for optimum result the HP might eek out better result.

[CreditMagic7]

Excuse my ignorance where it shows but i fail (as MANY others) to see or find any reason Cap1 consistently maintains such a dismal reputation per starting limits as well as depressing cl increases in the face of undeniable excellent reports + income.

Just got off the phone with a GM Cap1 EO and firmly stated the obvious and encouraged her in their next meeting to make note to bring attention/request reexamination to their (in my case) policy when marketing the GM Cap1 card. It's impossible for them to expect any profitable returns whatsoever when you can't even use it without maxing out their industry leading cheapish credit limits toward the purchase or lease of a new GM vehicle as it was drawn up to offer.

Needless to say, my well intentioned and very polite leading, yielded little more then another in a long chain of expressions of uncertainty from their replies and suggestions to just continue using their card. I get the drift.

I just PIF today (again) and this card is going stay neutral now and permanently closed when i bring on board a couple of new Prime Cards in the next few weeks.

My lesson in cap1 is complete.

[boardwurx]

Could someone send me the information regarding contact phone or email for Capital One Executive Office.  Any help would be greatly appreciated.. thank you

Have CapOne card that is approx 8 years old and has been at $400 for the entire time.  $0 balance and never late.  Scores are now in low 700's and I think it is time for a CLI or get rid of card.

[kawaiiguy]

If your scores are over 700 like you say and your report is clean, and if you can afford a hard inq I say pitch or sock-drawer Cap 1, & just open a card from another lender if you need the credit line to use.  Cap 1 is an extremely conservative lender and you will be fighting tooth and nail to get increases beyond what they have given you initially.  For scores over 700 I'd recommend FNB Omaha, B of A 123, Amex Blue, or my fave Chase Sapphire (so friendly and if you can show the credentials to backup your requests they will be very generous to you as they have me.  I have all 4 in excess of $10k and none of them are more than a couple years old and they all started @ about $3-5k initial limit.  FNBO has frequent and excellent balance transfer options and will sometimes send out checks for 5.99% fixed for life no trans fee.  If you can get an Amex Blue I think most people know about the 3 x CL > 90 days requests that go over pretty well with them and you can request that every 3-6 months i think.  Good luck to you!

[Teasha]

You can do a short search here on the forum for the EO office for cap 1 email address. They will respond to your request in a couple of days.
They've been very good with helping you get the increase you're looking for and if they can't give you want you ask for you can choose to take their counter offer.
I have high 700 scores and started with a secure card at 300 and the newcomer card at 1000 2 years ago. The 300 is now 3000 with a 7.90% and the 1000 is 5000 and I frequently get 0% offers on my existing cards.

Email them, they're not as bad as people make them out to be.