- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Cap One does NOT offer you something better based on how you handle your card. I had a few of their starter 500 dollar limit cards. Once you get your "credit steps" (step in this case) increase, you're done with CLIs most likely for a very long time. They will NOT offer to PC you to a better card they expect you to apply for a better card and take another hard pull on all 3 bureaus for it. As always YMMV but I wouldn't want someone thinking if I just treat this card like gold Cap One is going to notice and reward me, that is extremely unlikely to happen.
So yes s.jessica you are correct I am so sorry you had to find out the hard way but you are correct in what you are saying.
Now as to paying many times a month I did that, and they never cared though sometimes they would hold my payment for 10 days or 2 weeks before crediting that amount back to my available credit. I called to ask why and they told me that if I called them they would reset it. I found that a hassle. The prime banks restore your available credit next day as a rule. Even more ridiculous, once I made my first payment I still had about 300 dollars free on my card in available credit even without the payment factoring in, yet I went to get gas and they declined me. I called up asking why and was told it was because I just made my first payment and they had to be sure it cleared my bank before they could authorize the charge. I said you gotta be kidding me, first of all regardless of the payment, I have 300 in available credit, so what does that have to do with that, if I hadn't made a payment you would have authorized my charge, but because I made a payment you decline? That makes no sense. They had no answer, just more insanity from Cap One, that's just how they are. It's a Mickey Mouse credit card company to be honest. I would not touch them with a 10 foot pole even for their prime cards like Venture, which honestly isn't a bad card, but I'd rather do business with almost anyone else than ever deal with these clowns again.
Sorry for the off topic rant, anyway they don't care if you do that but you might find it a bit of a hassle dealing with those clowns.