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Same here... was my first major credit card after I started college (2003) and I just didn't make good choices with it. But I keep believing they will come around to treating me good at some point but no. I always think about closing it when I PIF but it is my first major card and one of the longest histories can't win with them... hope you can!
BoysMumx2 wrote:I think this is interesting, as it echoes my experiences with Cap 1 completely. I checked the website for the type of card (with the fees and limits) that I got back in 2004 and I don't see it offered. The backdoor reps told me I had a great history with them, but said they couldn't do anything for me on a CLI. Then I was told they couldn't waive the AF, so I requested it to be closed. I wonder if this isn't a kind of "grandfathered" card and they don't treat it like they do the newer cards.Now I know there are folks out there who have those older cards and sometimes they get treated well, but it seems like there are many of us who get shuffled off to the side. My scores are now about 70 pts higher than they were when I got the card (at least!)... I think closing it and "taking off the training wheels" as someone said, was a good idea.The tough part is that I seem to have this obsession with being treated well by them. Don't know why... I just want to see something good come out of all the time I've been a customer with them. Currently I'm fighting the urge to apply for one of the better cards and if I get it, see if they'd combine it with my old account... But maybe I'm just being obsessive...One last comment - they seem to really like those folks just freshly out of bk, but not the ones that have been out longer. This is just an impression and MHO, but it's a pattern I've seen.
Vanyel wrote:This is a little bit like buying a Yugo, and then complaining that they didn't deliver you a Lincoln. The product you have is the one you qualified for when you applied. Why not just bite the bullet and get the product you can afford and qualify for now and trade in that old Yugo?Van
I'd say this would be more like if Yugo told me I cannot refinance my car loan. The only way to get a better interest rate for my Yugo loan is to purchase a NEW Yugo, get a NEW loan AND trade in the old one.
Vanyel wrote: This is a little bit like buying a Yugo, and then complaining that they didn't deliver you a Lincoln. The product you have is the one you qualified for when you applied. Why not just bite the bullet and get the product you can afford and qualify for now and trade in that old Yugo?Van
Regardless of the fact my other cars (say VW and Volvo) have had their loans refied several times, my credit is so good the Mercedes and BMW dealers down the street said they'd approve me on the spot with no money down, and I don't WANT a new friggin Yugo. I'm only keeping the old one because it was my first car.
@Anonymous wrote:Don't get me wrong King, I am not saying you can't keep the Yugo, but the Yugo will always be a Yugo, and that starter Cap 1 card will always be a starter Cap 1 card. If you want to keep it cool. I was just saying that it is inconsistent to want to keep it and complain that it didn't turn into a Lincoln or BMW (since you seem to like the BMW's).All I am saying is that you have what you and Cap 1 agreed to, not a higher tiered card. I was just attempting to inject a small amount of sanity into the whole "want our cake and eat it too" mentality that sometimes infests the board.Of course having said all I have said here one could get the impression that I am defending Cap 1. Personally I hate that company. I wouldn't do business with them if they gave me a card that paid itself in full every month. But the underlying reasons why some cards do not "grow with you" are valid.And again I respectfully assert the analogy fits.Van
@Anonymous wrote:I had one of those starter cards for 5 years--stuck at 600. Then they sent me preapproval for 3000 and 500 more if i used the card for 3 months and paid it off. I was allowed to combine the 2 cards using the date from the oldest card. Now I can't get a cli because they treat the 3500 as a cli on the combined card. Strange--they didn't tell me that when I combined.
To make things clear, the reason I'm keeping the card is because it's my oldest card. It's got a perfect payment history and has no AF. Keeping the account open costs me nothing and closing it would hurt my FICO scores.
@Anonymous wrote:Don't get me wrong King, I am not saying you can't keep the Yugo, but the Yugo will always be a Yugo, and that starter Cap 1 card will always be a starter Cap 1 card. If you want to keep it cool. I was just saying that it is inconsistent to want to keep it and complain that it didn't turn into a Lincoln or BMW (since you seem to like the BMW's).But the underlying reasons why some cards do not "grow with you" are valid.And again I respectfully assert the analogy fits.Van
I definitely agree that a Cap One WILL always be a Cap One, whether it's the bottom rung starter or their top tier card with rewards. That is exactly why I see no reason to apply for a new one. But I disagree when you say a starter card will always be a starter card. Lots of companies can and DO give upgrades to your card to match your improving credit. But for me Cap One won't, for a reason unknown to even their own CSRs. (both back and frontdoor)
Do you really feel I asked for something unusual and unreasonable? I requested a CLI and an APR reduction. I did not ask for cash back rewards and AMEX-style concierge service. That, IMHO, would be asking for a Yugo to turn into a Lincoln.
@Anonymous wrote:Don't get me wrong King, I am not saying you can't keep the Yugo, but the Yugo will always be a Yugo, and that starter Cap 1 card will always be a starter Cap 1 card. If you want to keep it cool. I was just saying that it is inconsistent to want to keep it and complain that it didn't turn into a Lincoln or BMW (since you seem to like the BMW's).All I am saying is that you have what you and Cap 1 agreed to, not a higher tiered card. I was just attempting to inject a small amount of sanity into the whole "want our cake and eat it too" mentality that sometimes infests the board.Of course having said all I have said here one could get the impression that I am defending Cap 1. Personally I hate that company. I wouldn't do business with them if they gave me a card that paid itself in full every month. But the underlying reasons why some cards do not "grow with you" are valid.And again I respectfully assert the analogy fits.Van