CAP 1 CLI Recon and Credit Limit Reporting

[John060675]

I was denied a CLI by CAP 1, which is no surprise from reading other people's posts.  My question is will I have a better chance if I write a letter to them explaining that I am trying to build credit for a future home purchase? 

If anyone has had any luck with this, please let me know.  I have had the card for 6 months, and it has a $500 limit.  I have paid it in full each month, and it currently has a $0 balance on it. 

Also, is it for certain that CAP 1 will start reporting credit limits at the start of the new year? 

Thanks to all!

[Anonymous]

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John060675 wrote:

I was denied a CLI by CAP 1, which is no surprise from reading other people's posts.  My question is will I have a better chance if I write a letter to them explaining that I am trying to build credit for a future home purchase? 

If anyone has had any luck with this, please let me know.  I have had the card for 6 months, and it has a $500 limit.  I have paid it in full each month, and it currently has a $0 balance on it. 

Also, is it for certain that CAP 1 will start reporting credit limits at the start of the new year? 

Thanks to all!

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Put Cap1 CC in scock drawer!!!!  they let you know if they will give a CL

nothing is for sure with Cap1

[John060675]

That is what I was afraid of.  If only I knew about this forum before I applied.  Such is life.  Thanks.

[Anonymous]

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John060675 wrote:

That is what I was afraid of.  If only I knew about this forum before I applied.  Such is life.  Thanks.

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Worse thing about C1 and hey are usually stingy when they do give you increases.

[CreditDrama85]

i personally dont think cap1 will ever report limits and they should not have to. the highest balance vs. amount owed when cr is pulled is sufficient.

my experience has been that writing a letter will definately get a better result than a phone call. also, you may not get a credit line increase but after 1-2 yrs will will probably get another offer from cap 1 with a higher limit.

[Anonymous]

Hi John -

For years, all I had was a Capital One until my credit cleared up.  As soon as I got other cards, it was the first one to be thrown in the drawer.  Even when my mother died and I was busy with her funeral and missed ONE PAYMENT, they immediately reported to ALL THREE CRA's my 30-day later -- whereas they only report my regular history to ONE CRA!

I wrote a letter, send them a copy of the death certificate, and explained away and they wouldn't even respond to me.

I'm so glad to be rid of them.  They, in my opinion, prey on those with less then perfect credit and make sure they stay they way.

[Anonymous]

Just another reason to pass on Crap1.

Why does a CC need to pull from EACH CRA to decide whether to give you credit? Why does a CC need to rate jack you if you miss 1 payment with somebody else? Why does a CC need to mess with people's scores because they don't report a CL? Why does a CC need to do anything and everything to keep your scores down....deny GW....deny PFD....deny CLIs etc?

Because they are as subprime as subprime gets and it's easier to screw over people who NEED your credit than it is to help them. Crap1 can go to &#^%$, I'll beg for food on a street corner before I apply for a card from them again.

[Anonymous]

Same boat here with C1. I Have been with them for almost 7 years and only got a clof 5k. So...... I callled them and I asked them for a CL and I has denied, but I got a letter for a personal loan for 10k with a interest of 16% 24months. They say I have a excelent account .....but not goog enough to get a cl. Crazy world. Got a personal loan of 10k that I did not want, and got declined for a cl that I did want.