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Has anyone ever asked for and received a credit limit increase with Cap One ??Has anyone ever asked for and received a credit limit increase with Cap One ??
Brutus Buckeye said: "Just wondering.
I have 3 Cap One CC's with credit limits of $500.00 I was thinking about asking for an increase to $1000.00 for each.
All 3 have near zero balances and I have never been late on any payments.
Thoughts ?
Thanks in advance."
credit_card_collector said: "I found out the hard way that it seems when you ask for credit increases on your cards they will put another inquiry on your credit which I think will lower your score, three inquiries to raise all three cards might lower your score. Perhaps if they could raise them based solely on your track record with their company they will not do an inquiry, I would ask how they will make the decision before letting them check (hold time)."
DonM said: "Why dont you combine all three into one car then ask for an increase?"
David said: "The only thing you will get from capital one is a spanking.
Remember who's in your wallet"
FICOdemon said: "I was denied credit line increases from cap one when I asked, even throught the retention department. My wife got raised from 300, to 700, to 2700 without asking. WTF... I would guess your better off with Crap one just letting them raise them at their own snail like pace, probably two years or so after being opened."
Omega blood said: "I have one with a 200 limit. I called the automated system and chose the option for an increase. Then the autovoice said that Crap one is not accepting request for credit increases, either by operator or automated service. Crap One reviews your account and then decides wether or not you should get a credit increase.
IF THEY DON'T ACCEPT AUTOMATED REQUESTS FOR CREDT INCREASES, WHY HAVE THE OPTION.
A week or 2 later I got a letter from them stating the same."
David said: "[QUOTE=Omega blood]I have one with a 200 limit. I called the automated system and chose the option for an increase. Then the autovoice said that Crap one is not accepting request for credit increases, either by operator or automated service. Crap One reviews your account and then decides wether or not you should get a credit increase.
IF THEY DON'T ACCEPT AUTOMATED REQUESTS FOR CREDT INCREASES, WHY HAVE THE OPTION.
A week or 2 later I got a letter from them stating the same.[/QUOTE]
cap one will not do anything automated.. unless its rate jacking.. collection actions.. or law suites"
NickinChicago said: "Not really a big fan of cap one."
Stogie1 said: "My Cap One card limit was increased without me asking. I had a payment two days late (cuz I screwed up and misplaced the bill) and the next month their was a note saying that even though the agreement said they could increase the interest rate, they were not going to do so. It's the only CC company I have seen that doesn't go out of their way to screw you coming and going - unlike MBNA who gladly increases your interest rate from 7% (not an intro rate) to 19% at a whim."
rapidanian said: "I have a cap one with $300 limit. Called to ask for increase and was told that they review and increase at their discretion. 2% of those who ask for an increase get one...so I asked, got a hard pull and a decline. Fine, I am paying it off, keeping it open TL and will get another, better card with a higher limit----later. Right now, no more pulls-I want a house. :D"