@Mrsell wrote:I have 750-774 credit scores, never have had one bill from them with a balance because each time the card is used I pay it as soon as the balance appears on the capital one app, been almost a 2 year client of capital one starting with a measly 500.00 credit limit with last year got increased to 600.00 so just for giggles I did the offer they sent me about being prequalified for an auto loan and they want to offer me 61000 dollars but will only increase my credit limit from 600.00 dollars to 700.00?
They trust me with all loan of over 60,000 but won't give me a credit limit last 700.00? **bleep** are wrong with those people? Anyone have any insight into this? I get offers from other companies cards all the time for up to 10k limits. What is wrong with this picture?
Sounds crazy right? See attached links to pics for proof. Any insight on this?
https://freeimage.host/i/3HVn6iv
https://freeimage.host/i/3HVnifR
low limit cap1 cards don't grow fast or much at all, if you want a better credit card from them, try the pre-approval tool and apply, if you are pre-approved for a card that offers a bonus, there's a good chance that card will grow, even if it starts at a low limit
if you're only offered "for good credit" cards, there is a good chance those cards will have lower limits and grow very slowly, if not at all
https://www.capitalone.com/credit-cards/preapprove/u/?landingPage=savor
the card is bucketed, you will never grow a big line with it. you will have to app for a new card, one of the excellent credit required cards. its the way they work. i would not give up 3 inquiries for a new card but go elsewhere.
@Mrsell wrote:I'll close the accounts as trust me they need me more than I need them.
that seems like a bit of a stretch?
Remember the decisions are made by computers and algorithms. Most times the algorithms are pretty good, and sometimes they are not. Your credit profile may have been different 2 years ago. Maybe the underwriting department for auto loans is a little more forgiving. But you always have the option have going elsewhere.
As others have said, you are taking it too personally, and not understanding how Cap1 cards work.
Their are 3 or 4 versions of some of their cards.
If you started off in the lower tier of their Quicksilver, Savor, etc., it will never ever grow to have a high limit, regardless of who you are, how much money you make, how much business you do with them, or for how long.
If you want a higher limit card with them, that will grow over time, you need to get the "For excellent credit" version of one of their cards.
