capital one approve

GIXXER · ‎07-28-2007

capital one approve me today do you think if i call and request a credit line increase would i get one.

Anonymous · ‎07-29-2007

@GIXXER wrote:
capital one approve me today do you think if i call and request a credit line increase would i get one.

Uh... you can try but I highly doubt it. lol

Anonymous · ‎07-29-2007

I've had my card for 4 years and I still have the same 2K cl I started with

Anonymous · ‎07-29-2007

CrapOne doesn't report your credit limit anyway, so unless you actually need the borrowing power, I'd say it's pretty much worthless.

Anonymous · ‎07-29-2007

i doubt that you will get a CL. I have been stuck at $500 for 5 years now. They refuse to give me one.

Anonymous · ‎07-29-2007

@Anonymous wrote:
CrapOne doesn't report your credit limit anyway, so unless you actually need the borrowing power, I'd say it's pretty much worthless.

my high balance is 1943 my cl 2K so I get benefit for all but $7

Anonymous · ‎07-29-2007

Question? What is the benefit of having a card or lines of credit that only report your high limit but not your actual credit limit? Aren't they hurting us in the long run because the fico system is assuming that our cards are maxed out?

Anonymous · ‎07-30-2007

Bingo! Yes, if your balance is "near" (or more than 10% I guess) of the high credit limit, then yes, it hurts you. Imagine a card with a 7,000 limit, yet you only charged say, $500 CrapOne reports $500 as your "limit" and if you charge say, $400, they'll report that and your FICO score is affected. (of course, the amount of the effect depends on your other revolving debt as well)>

Anonymous · ‎07-30-2007

call the "magic number" for an increase... 800-889-9939. It works

Anonymous · ‎08-01-2007

capital one approve me today do you think if i call and request a credit line increase would i get one.

I got a letter in the mail telling me that I will get an automatic increase to $500 if I:

1. use the card in the first 90 days

2. Don't go over the credit limit

3. Make your first 3 monthly payments on time.

and it should show up by the 5th statement

Message Edited by candigrl on 08-01-2007 09:41 PM