Need Cap One help

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jumbo
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Postby jumbo » Thu Sep 26, 2013 10:16 am

Ikarus wrote:... which cards tend to give high credit lines? Seems like Citi seems like a winner. However, I already have a $4K card with them.

I think it varies by person. Citi for me is on my bottom list (except for BofA, its one the very bottom)
Chase is the winner with 5K limit on Freedom, then Discover with 3.5K.
Heck, Capital One is better than Citi, with 2.5K limit.
Seems like Citi and BofA are not on my side.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card


Ikarus
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Postby Ikarus » Thu Sep 26, 2013 2:26 pm

CitiForward is my best card, but I got shorted on the rewards. Only getting 1pt for each $1 instead of 5pts for each $1. The terms somehow changed after application.

Results of today's calls:

Cap One:
Can upgrade my $1800 Platinum MasterCard to Quicksilver One MC. My annual fee will stay at $19 instead of $39. My $750 Platinum Visa is not eligible for anything. No CLI or upgrade. It's essentially a dead card. I declined taking the Quicksilver One upgrade b/c I want to push for the Visa Signature version with no annual fee.

Discover:
I asked for a CLI from $2,500 to $5,000. I was eligible, but a hard pull was needed, so I declined. Perhaps I asked for too much?

Chase:
I was eligible for a CLI, but a hard pull was needed, so I declined.


jumbo wrote:I think it varies by person. Citi for me is on my bottom list (except for BofA, its one the very bottom)
Chase is the winner with 5K limit on Freedom, then Discover with 3.5K.
Heck, Capital One is better than Citi, with 2.5K limit.
Seems like Citi and BofA are not on my side.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)

Ikarus
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Postby Ikarus » Thu Sep 26, 2013 3:46 pm

Also, www.creditcards.com/cardmatch shows I'm eligible for Cap One Quicksilver Visa Signature.

Is the max two Cap One cards? I'd love to drop that dead $750 card.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)

Ikarus
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Postby Ikarus » Tue Oct 01, 2013 7:50 pm

Midori,

Cap One said it could upgrade my old Visa Platinum to the Quicksilver One MC. An $1800 rewards card from Cap One is not bad. I also can keep my $19 annual fee instead of paying $39.

I turned it down with the hopes of:
- cancelling my dead $750 card
- directly applying for the Quicksilver Visa Signature
- upgrading the $1800 card to the Venture, so both cards offer rewards. It's hard to get anything out of CapOne, but I really want the perks of a Visa Signature card.

Also, I just got approved for AMEX Blue Cash Everyday. I'll know the AF tomorrow once the online account is active. Very glad. It's the card I wanted most from this round of new cards.

Thinking of BOA Travel Rewards to get an international card.

Also, anyone have an experience with the Upromise MC? It seems to have a lot of savings tied to certain sites/stores.

Midori wrote:I got a notice last week that my Capital One No Hassles Reward (Platinum Mastercard) is getting upgraded to a QuicksilverOne in November. (I'd prefer the regular Quicksilver, but I'm not expecting them to change me from an annual-fee card to a no-fee card out of the blue. Still, not waiting a year for that .5% bonus is nice.) (a) Have you received any notices of a change in your current cards, and (b) Since they're changing a lot of people, you might have some good luck in getting what you have changed into something different.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)

the_one092001
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Postby the_one092001 » Tue Oct 01, 2013 11:09 pm

Ikarus wrote:Cap One:
Can upgrade my $1800 Platinum MasterCard to Quicksilver One MC. My annual fee will stay at $19 instead of $39. My $750 Platinum Visa is not eligible for anything. No CLI or upgrade. It's essentially a dead card. I declined taking the Quicksilver One upgrade b/c I want to push for the Visa Signature version with no annual fee.


Pushing for the Visa Signature might be hard, since AFAIK the minimum starting credit limit is $5k, more than double your current credit limit on the Platinum MC. By all means feel free to try, the most they will do is say no, and you seem to have a decent history with them, but the chances might not be that great.

Discover:
I asked for a CLI from $2,500 to $5,000. I was eligible, but a hard pull was needed, so I declined. Perhaps I asked for too much?

Chase:
I was eligible for a CLI, but a hard pull was needed, so I declined.


After you try for the Visa Signature, IMO you might as well try for the CLIs unless you plan to apply for another credit card. It will be a temporary hit to your FICO but should be balanced by the reduction in utilization due to the larger overall credit pool, and pulls can be explained more easily on the reconsideration line.

Ikarus
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Postby Ikarus » Thu Oct 10, 2013 12:14 am

Finished this round of card apps.

Applied for in the following order:

1) AMEX CBE
2) Barclycard Arrival World MC (no AF)
3) Barclaycard Sallie Mae World Mastercard
4) Citi Dividend

Approved: AMEX Blue Cash Everyday ($5.5K) + Citi Dividend ($4K)
Denied: Barclaycard Arrival (no AF) + Barclaycard Sallie Mae Mastercard (no AF)

Barclaycard didn't like my student loan to income ratio. The rep said it honestly would be a waste of time to recon until that figure changed. No problem. My income will be higher once I graduate.

Both Barclaycards were World Mastercards, so it appears I was shooting too high. This result informed me to not apply for any Visa Signature cards, like the US Bank Cash+ card I had an eye on. So, World MC and Visa Signature are out of my range for now. Understood.

Before applying for the above four cards, my first FICO hit this round was from using: www.creditcards.com/cardmatch

Don't give them your social security number! The cards they pulled for me with my SSN were the same cards previously pulled without it. As a result, it was a waste of a credit hit. Use it as a quick tool to see which cards appear, but understand it's not a comprehensive tool. I was approved for cards much better than those the site recommended.

AMEX pulled a 708 from Experian to approve the BCE. I already had the CitiForward card, so Citibank approved the CitiDividend card without much hassle and gave me the same CL.

For students, the CitiForward/CitiDivdend combo offers great rewards, no annual fees, and very respectable credit lines.

https://www.citi.com/credit-cards/credit-cards-comparison/detail.do?ID=credit-card-comparison

The Forward makes a great everyday card and even has cell phone protection. The Dividend has an EMV chip and travel benefits, like lost luggage protection and trip cancellation protection. A shame foreign transaction fees still apply. Kinda kills having the EMV chip. So domestic travel works best.

If you want to add an EMV chip to your Citi card, try here:

https://www.citi.com/credit-cards/template.do?ID=chip-technology&intc=3~7~50~4~020113~5~ChipTechnology~IncludedServices/

Merrick's website provides a Go Score tool that tells me my FICO is 737 (for the past 5 months). AMEX pulled a 708. Guess these FICO scores aren't perfect. Merrick says it uses the 737 score to manage my account. Is it a TransUnion pull?

I'll upgrade my Cap One Platinum MC to the Quicksilver One and await/request CLIs on my other cards in Nov/Dec.

Overall, I've increased my available credit by $10K and am due back $200 from the two new cards. Already got back $200 from opening a new Chase checking account and adding direct deposit.

I'm happy and can't complain. Thanks to everyone who offered insights.
Merrick Bank (Hooters) 4100
Cap One Quicksilver 4800
Discover it 2500
Citi Forward 8000
Chase Freedom 1000
AMEX Blue Cash Everyday 5500
Citi Dividend 7000
Cap One Visa Platinum 750 (CLOSED)

Mrm-na
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Postby Mrm-na » Thu Oct 10, 2013 8:51 am

Ikarus wrote:Both Barclaycards were World Mastercards, so it appears I was shooting too high. This result informed me to not apply for any Visa Signature cards, like the US Bank Cash+ card I had an eye on. So, World MC and Visa Signature are out of my range for now. Understood.

At least for the Sallie Mae card, the application I've seen says that you'll be considered for a non-World version if you don't qualify for World. I haven't even seen an application that goes directly to the non-World version of that card, but it's definitely available.

Merrick's website provides a Go Score tool that tells me my FICO is 737 (for the past 5 months). AMEX pulled a 708. Guess these FICO scores aren't perfect. Merrick says it uses the 737 score to manage my account. Is it a TransUnion pull?

The score Merrick provides is a "FICO 08 Bankcard" score, pulled from TransUnion. There's like a million (well, maybe 50) different scoring algorithms available from FICO, and different creditors have different ones they prefer. So probably AmEx just doesn't use the "08 Bankcard" variant, as well as whatever difference exists between Transunion/Experian.
As a result, nobody really has a singular credit score.

PallasAthena
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Postby PallasAthena » Fri Oct 11, 2013 3:22 pm

Hi Ikarus, I am a grad student too.
I had a Capital One credit card (Maybe it was a Platinum?) with a credit line of $750 and an annual fee of $29. I ended up closing that card last year. I got it in 2007 after my chapter 7 was discharged.
I had an orchard bank card with a credit line of $1500 that was converted to a Quick Silver One. I get charged a fee of $19 / year. I hate it. I think I will call and ask them to waive it and see if this can get converted to something better in the future.
I also got a Capital One platinum in 2007 with an initial credit line of $500 right after my discharge. Today, it has a credit line of $3250. Last year, it got upgraded to a Venture One but silly me didn' t know what that was and I told the representative that I wanted to keep the Platinum and get 1% cash back. A few months later when I realized what a Venture One was, I called them back to switch back but they said "no". However, last month, I got a letter in the mail from Capital One saying that this card is being upgraded to a Quick Silver! So, I am now waiting for it to arrive in the mail.
Keep calling them and hounding them to upgrade your card and eventually they will!
Dec '16 Fico: 800+
Ch 7 BK in '06, finally dropped off in '16
2 mortgages
paid off car
$0 CC debt (Disc, Citi, and WF Amex)



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