CO Help

For just about anything you want to get off your chest about credit cards.
16 posts
flan
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Location: chicago

Postby flan » Mon Oct 14, 2013 8:57 pm

Ikarus wrote:Pallas,

Credit and secured cards with low credit lines are Cap One's corner of the market. They aren't a prime lender, so snatching up high-risk customers no one else will touch is how they compete.


Capital One are really two companies. They have products that are target at sub prime and sub sub prime customers, and products for top notch prime customers. Not so much for people in between. And the OP isn't top credit customer; he has a reporting bankruptcy.


PallasAthena
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Postby PallasAthena » Tue Oct 15, 2013 1:04 am

Ikarus wrote:Call Cap One's backdoor number.


Thanks... would you happen to know what Cap one's backdoor number is?
I appreciate the response.
I have a feeling they will tell me "no" again....!
Oct '16
TU: 783, Equifax: 772
Ch 7 BK in '06, finally dropped off in '16
2 mortgages
paid off car
0 CC debt (Disc, Citi, and WF Amex)
furniture debt: $1800
Closed unused CCs, was dinged a few pts, but recovered
I filed for BK in '06 and was in debt over $500K. Never again! You can do it too! :lift:

PallasAthena
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Location: USA

Postby PallasAthena » Tue Oct 15, 2013 1:07 am

flan wrote:Capital One are really two companies. They have products that are target at sub prime and sub sub prime customers, and products for top notch prime customers. Not so much for people in between. And the OP isn't top credit customer; he has a reporting bankruptcy.


The ironic thing is that I used to have a Venture One (which is supposedly for "prime customers"). They won't convert it back and deny me? Also, now one of my cards is a Quicksilver (while the other one a Quicksilver One). Supposedly, they Quicksilver is one of their top cards, if not the top! I never heard of anyone having a very high credit line with Cap one.
I will just sock drawer it since I paid the fee and they refuse to put it back on the card or waive it. Once next Aug rolls around and the fee is about to be due, I'll close that account... unless I make the cash back on it sooner and so it pays itself off and I close it sooner.
Ugh, I am so upset at them.
Oct '16
TU: 783, Equifax: 772
Ch 7 BK in '06, finally dropped off in '16
2 mortgages
paid off car
0 CC debt (Disc, Citi, and WF Amex)
furniture debt: $1800
Closed unused CCs, was dinged a few pts, but recovered
I filed for BK in '06 and was in debt over $500K. Never again! You can do it too! :lift:

takeshi
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Postby takeshi » Tue Oct 15, 2013 9:53 am

PallasAthena wrote:At this point, I don't owe anything on either of them and I really don't care whether I lose a few fico points for closing my account.

Make sure you understand the potential impact on utilization and AAoA before closing versus just assuming that you'll take a hit of a few points. While AAoA won't be immediately impacted since closed accounts in good standing remain for 10 years you might want to hang on to your oldest accounts but that's your call to make.

I'd suggest researching what it takes to contact their EO to get what you're looking for from them as some seem to have had luck converting their rebuilding cards, getting AF's removed, etc going that route. And don't make decisions while you're upset. Cool down and think it over.

PallasAthena wrote:I never heard of anyone having a very high credit line with Cap one.

Be careful assuming trends based on what you have heard (sample size, statistical significance and all that). There are certainly those with high limits if you search around.

whit
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Location: ca

Postby whit » Tue Oct 15, 2013 10:35 am

If you tell them all ur ccs are over 5k like u did for discover (this is before u apply to chase right?)

Do you think they'll be more understanding then? Esp if you're already paying an annual fee

zrussell
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Postby zrussell » Tue Oct 22, 2013 10:36 pm

So any luck with this?



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