Capital One Credit Limit Increase Secrets

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
77 posts
MemberSince99
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Postby MemberSince99 » Tue Nov 27, 2012 9:43 pm

You already have better cards. But they just don't grow with you. One in a hundred at most see the thing grow as their scores grow - the other 99% eventually figure out the game and move on and leave them behind. You truly don't need them once you've improved your scores and history because you'll get better companies like Discover, or USAA or US Bank or Chase, and you'll forget all about them except when you read how someone had the same 500 dollar limit for 10 years with no CLI (and about as much chance of seeing one as finding Bigfoot in your backyard).


Ratfacedudeguy
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Postby Ratfacedudeguy » Wed Nov 28, 2012 12:32 am

Sorry to break it to you bernhardtra, but that seems like an awful lot of work to go through for a $1500 credit limit increase. I mean good on you for beating the system and all, but I was more than happy to dump that garbage card and move on to much better things. I hope that one day soon you're in a position to do the same.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

bernhardtra
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AWW I would have thought you would have complimented me more

Postby bernhardtra » Wed Nov 28, 2012 9:29 am

Ratfacedudeguy wrote:Sorry to break it to you bernhardtra, but that seems like an awful lot of work to go through for a $1500 credit limit increase. I mean good on you for beating the system and all, but I was more than happy to dump that garbage card and move on to much better things. I hope that one day soon you're in a position to do the same.


Sometimes I do things for others benefit so that they can know what to do to help themselves out. Besides that, it felt good to get them do some work and what they should have done a long time ago. I am not doing too bad right now. I would prefer to keep the card open and now that it has no annual fee there is no reason to close it. Now I don't feel the need to close it when the annual fee is due, so I can keep the length of the account. It felt nice to get it done though. It was getting annoying getting those darn letters telling me no. However, I do realize that I will probably have to do it again in 6 months because you know they will just never do a review again until I can get them to PC it out of the sub-prime card category. Who knows how long that will happen? Any guesses? 5 more years? Longer?

Should we script what happens in the future...

Me: I would like a credit limit increase please.

Them: Our records indicate that you have already been given a credit limit increase this decade and being a conservative lender we protect our customers and it also means your limit is up to date until the year 2025. However, in the unlikely event that we actually review your account and give you another credit limit increase, you will be notified on your statement. We consider many things when we review accounts so be sure to keep your account current and pay on time. You should also pray to any and all gods and start collecting rabbits feet. Some of the things we consider are if you are still alive as we drag this on long enough that many of our customers pass away before decide to do such a thing.
EX 686 TU 690

Cap One $500 6/10 closed no CLI 7/12
Cap One $2000 9/10
Household $500 9/11
Merrick Bank $2800 10/07
Marathon $900 10/11
Bealls $950 10/11
Marathon Visa $2500 6/12 Yeah finally a good limit card!
Barclays Rewards MC $1500 8/12
Belks $800 8/12
Walmart $1000 8/12

Ratfacedudeguy
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Postby Ratfacedudeguy » Wed Nov 28, 2012 12:23 pm

Hahaha, no disrespect intended my good fellow. In fact I'm very impressed that you got them to budge in the first place, and I thank you for sharing your experience for those so inclined to follow in your path. Perhaps an increasing number of BBB complaints will prompt them to finally finish "revising their credit line increase policy" so they won't have to be labelled as that institution whose credit cards will never grow with you. One can only hope.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

MemberSince99
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Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Wed Nov 28, 2012 10:12 pm

Sir I also thank you for sharing your experience with us, and want to assure you that Capital One values your business and appreciates you as a customer.

Although we are unable to approve your request for a Credit Line Increase at this time, please keep in mind that Capital One periodically reviews all accounts for eligibility for an increase. If we determine that we are able to grant you this, you will see the new limit appear in your account within 12 to 24 hours and your new limit will then be available for your immediate use.

Is there anything else that I may assist you with today Mr. bernhardtra?


Ok sorry I just couldn't resist. At least I didn't read it from a script.

MemberSince99
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Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Wed Nov 28, 2012 10:14 pm

You know guys we rip on Capital One, and honestly they are LAME, but there is MUCH worse than them out there. Think First Premeire for example. I was reading the insane fees they charge people and Capital One seems reasonable compared to that. Even knowing you will get ONE CLI if you are eligible then probably never seen another one for many years, it's still better than some of the alternatives!

Ratfacedudeguy
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Postby Ratfacedudeguy » Wed Nov 28, 2012 11:00 pm

It is true my friends. And even though it's hard for me to not talk negatively about them, it's hard to deny the value of the opportunity that they extend to folks who are building/rebuilding credit. I always have to keep that in mind to keep myself from ripping on them to my customers at work lol.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13



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