Money Tips: No Customer Initiated Credit Line Increases for Capital One Credit Cards

Posted On: September 16, 2006

Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: No Customer Initiated Credit Line Increases for Capital One Credit Cards
Posted: Sat Sep 16, 2006 4:19 pm

Cap1 doesn’t give “customer initiated” credit limits. That’s its policy.

What’s the point of having a $2,000 credit limit if you refuse to use more than 20%? Use more. And since no one knows the credit limit is $2,000, you’ll look maxed out at your high balance, which apparently you keep at $400! No point in that.

Apply for a different card with Cap1. That’s the best way to get more credit from it.
_________________
Polonius
“Neither a borrower, nor a lender be; For loan oft loses both itself and friend”

Guest: hankreardon
Posted: Sat Sep 16, 2006 4:29 pm

maddybeagle wrote:
**** 1 doesnt report their limits….is what evil is saying….They report high balance as the limit….you can do a search of this issue…it is well documented and how to deal with it….

My God, you’re right! I’ve never before noticed this. What a lousy bank. If this weren’t my oldest card, I would certainly close it.

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Sep 16, 2006 5:12 pm

NO CREDIT LIMIT IS A NON ISSUE

Max the card out and PIF after the statement date

“HIGH BALANCE” is the default

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sat Sep 16, 2006 5:13 pm

ON THE OTHER HAND–NO CLI IS AN IS AN ISSUE