Why does Cap1 dislike me?

Anonymous · ‎02-28-2020

I have A Bass Pro card with a $500 SL. Ive had this card for 6 months and for the first 4 used it as my daily driver and was paying it off weekly. They refuse to give me a CLI. They go back and forth between account too new and too many inquiries. Each letter lists a TU Fico of 796 with 4 inquiries. I really want to cut it up and mail it to them but I know it wouldnt bother them a bit.

AMEX Platinum, NFCU Flagship 30k, USAA RA 24K, USAA SV 21K, Apple Card 20k, Amex HH 15k, NFCU Plat 15k, Citi Rewards+ 10.5k, Chase Ritz 10k, Marvel MC 10k, Amex EDP 9k, BMW WMC 7.5k, BofA Plat 7.5k, Sportsman Visa 5.6k, Lowes 35k

Fico 8s all over 780 and mid 300s income.

Any ideas why Cap1 wont CLI me. They keep sending me a prequal offer for a secured card.

M_Smart007 · ‎02-28-2020

@Anonymous wrote:
I have A Bass Pro card with a $500 SL. Ive had this card for 6 months and for the first 4 used it as my daily driver and was paying it off weekly. They refuse to give me a CLI. They go back and forth between account too new and too many inquiries. Each letter lists a TU Fico of 796 with 4 inquiries. I really want to cut it up and mail it to them but I know it wouldnt bother them a bit.
AMEX Platinum, NFCU Flagship 30k, USAA RA 24K, USAA SV 21K, Apple Card 20k, Amex HH 15k, NFCU Plat 15k, Citi Rewards+ 10.5k, Chase Ritz 10k, Marvel MC 10k, Amex EDP 9k, BMW WMC 7.5k, BofA Plat 7.5k, Sportsman Visa 5.6k, Lowes 35k
Fico 8s all over 780 and mid 300s income.
Any ideas why Cap1 wont CLI me. They keep sending me a prequal offer for a secured card.

Don't feel alone, They hate Me too!

PS: I showed them the same

https://ficoforums.myfico.com/t5/Credit-Cards/What-Credit-Cards-have-you-closed-and-Why/td-p/5919166

blindambition · ‎02-28-2020

Sorry OP. The lenders decision is based on profile and spend, not you personally. Cap One likes heavy spend. At least 50% utilization for multiple months. Only you can decide if the work is worth it.

Anonymous · ‎02-28-2020

I have no idea why they don't like you, but I was wondering if you've tried the pre-quals on the site, not what they send you, to see if there's any love at all.

FinStar · ‎02-28-2020

@Anonymous wrote:
I have A Bass Pro card with a $500 SL. Ive had this card for 6 months and for the first 4 used it as my daily driver and was paying it off weekly. They refuse to give me a CLI. They go back and forth between account too new and too many inquiries. Each letter lists a TU Fico of 796 with 4 inquiries. I really want to cut it up and mail it to them but I know it wouldnt bother them a bit.
AMEX Platinum, NFCU Flagship 30k, USAA RA 24K, USAA SV 21K, Apple Card 20k, Amex HH 15k, NFCU Plat 15k, Citi Rewards+ 10.5k, Chase Ritz 10k, Marvel MC 10k, Amex EDP 9k, BMW WMC 7.5k, BofA Plat 7.5k, Sportsman Visa 5.6k, Lowes 35k
Fico 8s all over 780 and mid 300s income.
Any ideas why Cap1 wont CLI me. They keep sending me a prequal offer for a secured card.

It's not that they don't "like" you, but typically with PLCCs such as BassPro, Cabela's, GM BuyPower, etc., it would appear that they view you as already have sufficient available credit given your other revolving tradelines, income/DTI + other factors they considered during the approval. If you get in late in the game with some of their PLCCs, that tends to result in such lower SLs, profile-dependent of course.

It will be a monumental task for it to grow over time IMO. And, only you can decide whether you want to give it a year or so and see if it budges/grows. Otherwise, not worth the trouble.

mrfufoppss · ‎02-28-2020

Your Best Bet is to get one of their Prime Cards the Savor or Venture or maybe the Savor one Those would grow the way you seek at Cap1 with good use as a driver