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CAPITAL ONE Roller Coaster Ride 🤬

Iusedtolurk
Established Contributor

Re: CAPITAL ONE Roller Coaster Ride 🤬


@Wavester64 wrote:

So if you check my sig, I have 3 C-1 Cards.

 

The other day, it was 181-days since my last CLI for the Savor One card, so I decided to give it a go for another CLI.

 

I didn't get a reply right away, but eventually it was declined for the reason "Recent use of this account's existing credit line has been too low". I was thinking at least they didn't lower it.

 

So just now I am going thru my emails and I see an email from C1 entitled " Important Update About Your Credit Limit.."

 

I was thinking wait....maybe they reconsidered? Am I getting a CLI now?? Are they just reiterating what they already said?

 

Open the email to find this about another C1 CC of mine:

 

"...During a regular account review, we noticed you’ve only been using a portion of your credit limit.

 

To better fit your card usage, we’ve reduced your credit limit to $1,500.

 

We’ve kept your credit limit significantly above your highest balance over the last year to ensure you can use your card as you have been, while providing flexibility for future spending. Everything else on your account will remain the same, and we’ll follow up with additional information by mail.  Thanks for being a Capital One customer..."

 

So trying to get a $2K increase on one card ended up being a $4500 decrease on the another.

 

And just to warn you - if you think a small charge each month is going to save a C1 card, think again. That is exactly what I was doing religiously with the card that got a CLD. In hindsight, maybe I am wrong, but I might have drawn attention to myself with the CLI request on the Savor in these troubling times just for that action to hit me in the a** with the other card.

 

I can't close this card either because its my oldest active card.

 

I dont think I am going to debate it either. You would think C1 would think about the savings, the checking, the CDs, the CCs, the closed fully paid auto loan, all the business I have done with them over the years to not do this, but they did it anyway.

 

So much for driving up CL's to get better scores just to have it taken away in a flash Smiley Sad


I was thinking about asking them for a cli in a couple months and now I'm rethinking that move after eading this post. Best let sleeping dogs lie.

Message 11 of 12
GApeachy
Super Contributor

Re: CAPITAL ONE Roller Coaster Ride 🤬


@Iusedtolurk wrote:


I was thinking about asking them for a cli in a couple months and now I'm rethinking that move after eading this post. Best let sleeping dogs lie.


Ditto! x's 2

"My Take Home Pay Don't Take Me Home"
Message 12 of 12
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