Capital One CLI

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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ncosky290
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Capital One CLI

Postby ncosky290 » Fri Feb 15, 2013 11:07 pm

When will or if Capital One raise my credit limit. They always say no to my requests. My one I have two and both have been stuck at the current limit forever. The 2009 NEVER has had a CLI and the 2011 got an AUTO CLI once.

Anyone Know?

I know Capital One is the worse. I hate them.

Nick*


Money card
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Postby Money card » Fri Feb 15, 2013 11:38 pm

I've seen on this forum that alot of people have said capital1 doesn't raise your credit limit.

CC Deville
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Postby CC Deville » Sat Feb 16, 2013 11:53 am

If you visit ANY credit forum you will find that Capital One rarely raises credit lines on their starter or rebuilder cards. Also, from these forums you will see that people have been having a lot of luck with the Capital One Executive Office.

From another forum: Can someone PM me the cap1 exec office email? - myFICO® Forums

Go to the 6th response and click his link. You will find the CEO's email address (the link actually Google's it for you). Email them your GENERAL (ie no account numbers/no SSN etc) issues with the account. Be professional and courteous. Obviously, the CEO himself will not review the email, but he has a team of top level reps that will review your request and they will contact you by telephone (so include a daytime telephone number that they can reach you at). Many have reported recent success at getting a PC, APR reduction and CLI's.

And I have to say this: Capital One does not suck. They have weird, bizarre business practices on their starter/rebuilder cards for sure in that one would think that they would want to build a relationship with increased limits and rewards. But do they really suck? Who else will hand out credit cards to scandalous people that destroyed their previous credit (reputation)? Well, First Premier, Applied Bank, Continental Finance and Credit One that's who. And if you read those banks' terms and conditions, the horror stories about them etc etc you realize quickly that Capital One does not suck. Are they the best? No. Are they the worst? Hardly. Understand (again by reading the forums) that Capital One is mostly good for re-establishing yourself or starting out and they do it honestly and relatively affordably. But once you've made it, thank them for their consideration and then move on to the banks that actually want to give you higher limits and better rewards. But I do dislike the constant slamming of Capital One on these boards...Okay, getting off of my soap box.

Please let us know how it goes with the Executive Office.


MemberSince99
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Postby MemberSince99 » Sat Feb 16, 2013 11:54 am

Answer: roughly the time the sun becomes a red giant and swallows up the earth, that's about when you can expect to see a CLI from Cap One.

That's an exaggeration, but not by much. I've read MANY accounts where people went 5, 10, 15 years without a CLI from Cap One. I've also read that some folks who have had their cards that long called the Exec Office and did finally get a CLI. If you just wait, well it could be a while.

0_to_60
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Postby 0_to_60 » Sun Feb 17, 2013 4:28 am

i emailed the ceo and havent heard back in weeks

ncosky290
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Postby ncosky290 » Sun Feb 17, 2013 10:23 am

I emailed yesterday. Will see what happens.

swipe_masta
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Postby swipe_masta » Tue Feb 19, 2013 5:54 pm

I happen to really like Capital One. I have the Venture One (no fee) started with a limit of $3000 auto bumped to $5000 one year later (Jan 11-Jan12). I thought about asking for an increase this year because Im going out of the country for vaca, but I don't know if I wanna take the chance... Is it a soft pull for a CLI?


ncosky290
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Postby ncosky290 » Tue Feb 19, 2013 8:18 pm

ncosky290 wrote:I emailed yesterday. Will see what happens.


Got a call today. The lady said they will need to do a SP yes a SP and will review my accounts and will either raise it to my asking limit, counter, or deny as usual. I asked for 4k on both. Will let you guys know what happens next week. NICK*

MemberSince99
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Postby MemberSince99 » Tue Feb 19, 2013 9:28 pm

Please do let us know. Without the exec office getting involved, I'd have figured the odds as roughly that of finding a snowball in hell. With them involved, it could go either way though I sure wouldn't bet any money on an increase. But hey you have nothing to lose by trying since it's a SP!

MemberSince99
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Postby MemberSince99 » Tue Feb 19, 2013 9:31 pm

By the way CC I agree with you, but the slamming of Cap One doesn't really bother me in the least. They are fine for starting out but people just need to drop them like a hot potato as soon as you get better. Their customer service is an absolute joke as well, trained monkeys couldn't be any worse.

But I agree, they are not the worst you could deal with. They do have their place. And once you get better there is NO reason to keep them around.



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