Just Curious/ How Do U Get 2 Cap 1 Cards?

[Anonymous]

I am just curious about this because I have been reading here lately about people who are getting an extra account.  Not that I I need one I have a no hassels points card that has gone from $500 to $1500.00 Cl in 4 months.  However, in the past few months when I have applied for an additional account, I have gotten a letter that says I have been declined because I already have an account.

Funny, people say there is a limit on HSBC accounts and I have had as many as 4 of them at one time, but I cannot get more than one Cap1 one account at one time.  Does anyone know why this is?

[Anonymous]

I think you pretty much have to wait for them to offer, but I don't know for sure how it has worked for others.

I got my first Cap 1 in 2002; responded to a pre-approval in the mail. My credit was dismal at the time, and the CL was only 200. Within 6 months it was up to 500, and I had the offer for the second card. That too started at 200, went up to 500.

And there they have stayed. Cap 1 refuses to give me CLI at this time, which I am figuring is from going OL a few years ago combined my recent app spree. While denying CLI they did lower IR, though.

My plan is to let them sit for another year, use rarely, PIF,  then combine into one card, sit on that for another year or so, then try for the No Hassles reward card. I would kick Cap 1 to the curb now that I have much better cards, but I do want to end up with the No Hassles.

[unknown_entity]

I think it's a 60 day wait between applications.

[jaysdad2k]

I meant to post this a few weeks ago.

I have a Cap 1 Plat that they offered me last summer at the $300. They sent me the credit steps letter: Use the card, pay on time for three months and we'll bump it to $500. So I did that and got the $500. I called and asked what the next "step" might be. They told me that was it, there are no more steps! So I've used it occasionally, max to $103 I think, and PIF the same month.

After the AMEX Gold and BJ's Visa successes I called Cap 1 for an increase.

The standard number after lots of button pushing gave me an automated, "We cannot grant an increase at this time." Grrr

So then I got the backdoor number here and called again. I got an answer on the first ring, the guy was in Canada, and was extremely nice. Then he did his thing, and said I was not eligible for an increase, but he would give me one if he could.

I told him that the Cap 1 website said I was eligible for several different cards. How could I be eligible for better cards, but not get an increase on this one. He then told me that Cap 1 allows up to five cards!

It seems that the limited credit card has a "glass ceiling", but one can go get the better cards with current status. So, maybe the strategy is to go get a better card when one's status improves, then combine the old one with the new one.

BTW, I got two letters about a week later explaining the increase denials. Guess both calls generated a denial letter.

[jaysdad2k]

Oh!

I forgot to mention that May was the one year anniversary of the card, and no automated increase either. Double Grrr

[Anonymous]

i have a cap 1 cc also, got it in april08, and got the same letter, make 3 monthly payment ontime we'll increase your CL, BUT it didnt say to how much, my scores are getting much better  since finding myfico, but how come i only seem to get a cl of $300, how do people get CL of $1000-$1500?

Also I have a orchard card HSBC when i got the card it was also a $300 CL 10 months later they finally gave me an increase to $500(never been late once and always pay around $100 a month) how can cap 1 give a $200 increase after 3 monthly payments on time, yet i have been with HSBC for a YEAR now and only get to $500??? you would think after ayear of pymts, never late and pay more then the minimum pymt which is $15 amonth they would given me an increase to say $700 or $1000, should I call and ask for an increase??

Message Edited by momof2 on 05-26-2008 08:33 AM