Is Capital One worth calling for credit line increase?

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andy1088
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Is Capital One worth calling for credit line increase?

Postby andy1088 » Tue Dec 13, 2011 4:50 pm

I have two cards with Capital One. One is unsecured and I really want a CL increase, but am worried they won't do it for me. I have two cards not from Capital One that both have $1,000 credit lines. I have a $500 line with Capital One and was wondering if they pull an inquiry to increase it? I've had the card for over nine months and almost always pay the whole balance off.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500


ooxs
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Postby ooxs » Tue Dec 13, 2011 6:57 pm

If you look at the card agreement for your card, it is possible that you card limit cannot excess 1000-2500. I ended up closing one my account after almost 10 years for this reason because the maximum limit my card can carry is 1500 and comes with a 59.99 AF. Additionally my second card came with 15K that was reduced to 8, this card came with written promise for periodic review for increase but that was never the case and always an automatic denial.

The good news is nearly all the request are soft pull so i strongly recommend you call them and give it a try.

Good Luck

andy1088
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Postby andy1088 » Tue Dec 13, 2011 10:11 pm

Unfortunately as usual Capital one won't budge with me. Sigh, I guess it was worth opening to get credit initially, but now it seems like Capital One is nothing but a drag.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500


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PlatinumAMEX94
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Postby PlatinumAMEX94 » Sun Jan 08, 2012 1:11 am

andy1088 wrote:Unfortunately as usual Capital one won't budge with me. Sigh, I guess it was worth opening to get credit initially, but now it seems like Capital One is nothing but a drag.


Capital One took a big hit when people stopped paying their credit cards because they lost their job. They slashed credit lines to decrease their liability. When someone files a bankruptcy, the credit card company loses, and they have to make it up other ways; debit card charges, late fees, etc.

You don't want their card. They are sneaky, by changing your due date, so if you have auto pay on a certain date, you will miss it and then get charged a late fee and a 30 day ding on your credit report. Get the Citibank card that doesn't cheat the customer.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+



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