Credit Tips: Capital One Initial Credit Card Limits Tips

Posted On: July 31, 2006

Author: timmbukk
Posted: Mon Jul 31, 2006 4:00 pm
Post subject: Capital One?? What is up with initial credit limits?

I recently received my new Cap One card with a starting limit of 300.00!!?? That would be fine if I had no previous credit history and I didnt have other cards with 9000.00 and 5000.00 limits. Can anyone help me with this situation? Should I call and ask them to match one of my other credit limits? If so, would they even consider, or should I just close?

Author: jlrdc909
Posted: Mon Jul 31, 2006 4:17 pm
Post subject:

Good, this should begin your quest to figure out the inner mind of Capital One!
This bank absolutely baffles me, and if you think that your $300 limit has got your goat, wait until you call and ask for a credit line increase.
This bank and the CSR’s are like the planet Mars with the green people in control, its a whole other animal unto itself

Author: timmbukk
Posted: Mon Jul 31, 2006 4:20 pm
Post subject:

so, its safe to say I should not look forward to a CLI anytime soon?

Author: fitz75
Posted: Mon Jul 31, 2006 4:49 pm
Post subject: Re: Capital One?? What is up with initial credit limits?

timmbukk wrote:
I recently received my new Cap One card with a starting limit of 300.00!!?? That would be fine if I had no previous credit history and I didnt have other cards with 9000.00 and 5000.00 limits. Can anyone help me with this situation? Should I call and ask them to match one of my other credit limits? If so, would they even consider, or should I just close?

Which card did you apply for? The 300 min limit would lead me to believe it was one of the ones that is for limited credit or needs some improvement categories.

If your credit is good, you could of applied for the Cap1 Platinum Prestige card. The minimum credit limit for the card is 2,000.00 with an interest rate of 6.9%. You may be able to get upgraded to this card.

Cap1 seems to treat the customers with excellent credit well, but the ones with less than stellar credit subpar.