@AverageJoesCredit wrote:
I think reving up cli requests before the transition will be pointless. Id imagine Cap One will reevaluate all credit limits and determine who are worthy and who isnt. I just want to hold my card until it happens as ive never been part of a takeover lol
I have had accounts included in a few takeovers back in the day. Never a CL change. But one really good thing happened. BofA took over the accounts at Fleet Bank where I had a $5000 secured card. One day in January 2005, not long after BofA entered the fray, I received a certified letter from BofA with a check refunding my security deposit (with all the interest) and making my account unsecured. About 6 months later, my limit was doubled. Quite a shocker. So, a merger or takeover need not necessarily be bad. Sadly, a couple yrs later, things went south for me once again after a long illness & I filed BK that included BofA for about $1500. I'm permanently in the toilet with them now.
@Gonzozap wrote:
@AverageJoesCredit wrote:
I think reving up cli requests before the transition will be pointless. Id imagine Cap One will reevaluate all credit limits and determine who are worthy and who isnt. I just want to hold my card until it happens as ive never been part of a takeover lolI have had accounts included in a few takeovers back in the day. Never a CL change. But one really good thing happened. BofA took over the accounts at Fleet Bank where I had a $5000 secured card. One day in January 2005, not long after BofA entered the fray, I received a certified letter from BofA with a check refunding my security deposit (with all the interest) and making my account unsecured. About 6 months later, my limit was doubled. Quite a shocker. So, a merger or takeover need not necessarily be bad. Sadly, a couple yrs later, things went south for me once again after a long illness & I filed BK that included BofA for about $1500. I'm permanently in the toilet with them now.
I've only had one account included in a takeover, but the one account was in 2 takeovers: Best Buy MC. It was my first unsecured account after my 2010 BK7, I got it from HSBC in Oct. 2011 when HSBC pushed it as a sub prime card, $59 AF and only $500 CL. Cap One took it over around 2012, I got them to double it to $1k w/SP, I should have asked them to remove the AF, they might have done it. Then Citi took it over the next year - no problems, and they would never have approved me for the card as I included a couple big CL Citi cards in my BK, and they even doubled the CL to $2k w/HP. But I finally closed it in 2015, Citi would not budge on removing the AF and I had better rewards cards by then.
@DaveInAZ wrote:
@Gonzozap wrote:
@AverageJoesCredit wrote:
I think reving up cli requests before the transition will be pointless. Id imagine Cap One will reevaluate all credit limits and determine who are worthy and who isnt. I just want to hold my card until it happens as ive never been part of a takeover lolI have had accounts included in a few takeovers back in the day. Never a CL change. But one really good thing happened. BofA took over the accounts at Fleet Bank where I had a $5000 secured card. One day in January 2005, not long after BofA entered the fray, I received a certified letter from BofA with a check refunding my security deposit (with all the interest) and making my account unsecured. About 6 months later, my limit was doubled. Quite a shocker. So, a merger or takeover need not necessarily be bad. Sadly, a couple yrs later, things went south for me once again after a long illness & I filed BK that included BofA for about $1500. I'm permanently in the toilet with them now.
I've only had one account included in a takeover, but the one account was in 2 takeovers: Best Buy MC. It was my first unsecured account after my 2010 BK7, I got it from HSBC in Oct. 2011 when HSBC pushed it as a sub prime card, $59 AF and only $500 CL. Cap One took it over around 2012, I got them to double it to $1k w/SP, I should have asked them to remove the AF, they might have done it. Then Citi took it over the next year - no problems, and they would never have approved me for the card as I included a couple big CL Citi cards in my BK, and they even doubled the CL to $2k w/HP. But I finally closed it in 2015, Citi would not budge on removing the AF and I had better rewards cards by then.
I'm surprised to hear that about Citi. Goes to show, we never know.
Will Capital One be absorbing Synchrony banks Walmart burn list? Like if you burned Synchrony Walmart will Capital One know and deny you for their Walmart CoBranded card?
