Capital One Credit Card After Charge Off (cont'd.)
Guest: stilltrying
Post subject: Capital One Credit Card After Charge Off
Posted: Tue Mar 14, 2006 3:18 am
I think there is also one other possible way to try to get a higher credit limit. For whatever its reasons, people who apply for an additional card with Capital One might receive a much higher credit limit. I've read of people combining/merging the cards (and the credit limits) into one.
The possible downside is that perhaps Capital One might not allow the person to merge the newer card into the older one. If the only option is to merge the older one into the newer one, then you'll lose all the age of the older card.
There is something else that I found out. I received my card after I had sent in a pre-approved offer. I hadn't paid much attention (until years later) to the fact that this particular offer offered a maximum credit limit of $10,000. Well, it turns out that that limit is the highest limit that this card/account can ever achieve. That was a pretty big disappointment to learn about. Of course, with these small credit limit increases of a couple hundred dollars here and there offered who knows when, it may take me forever to get from ~ $6k up to $10k.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Posted: Tue Mar 14, 2006 11:30 am
maddybeagle wrote:
Quote:
so she calls cap one after she saw the bt was done. she tells cs to close the account. oh mam we can raise your line she said. my wife said, you had your chance, close the account. now we get 10 offers aweek from these people. so what i do, is shread the part w/our names, i send them my pizza hut coupons to them in there self-addresses envenlope, LOL at there cost. just remember to black out the bar code on the seal. (back side)
I hate to read messages like this. People think closing an account is really sticking it to the man when they are just hurting themselves. Sock drawer the card and dont use it except once or twice a year to keep it active.
i dont play the credit score game about closing accounts. look at her scores, i dont think it did a darn thing by closing it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Tue Mar 14, 2006 11:49 am
Quote:
i dont play the credit score game about closing accounts. look at her scores, i dont think it did a darn thing by closing it.
I dont even think that I mentioned credit score You are removing another account that could be used for a good bt opportunity or offer. Besides, if you arent going to use the card, you are doing the cc company huge favor by closing since it costs to maintain an account.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TomfromCT
Posted: Tue Mar 14, 2006 3:37 pm
well..guess i'll be moving up slowly from 700...if at all.
but hey. atleast they gave me the card and i have the age of it
its 3 years of age is alot better than the 4-5 months i have on my BOA and Juniper cards.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: JoyJoy
Posted: Tue Mar 14, 2006 4:12 pm
I have had Capital One cards (2) since 1990 and have never ever had a problem with them. In fact, I have never received a phone call from them or solicitations in the mail. Like one poster said, had it not been for Capital One, I wouldn't have the great credit scores that I have today nor would I have the $3,500.00 credit limit on one card and $1,600 on the other. CapI increased my credit limit last year by $2,000.00! I did not ask for it. I have recently paid both Capital One cards in full through BTs. My APRs were 12.8% and 9.9%. I will definitely keep them open and charge $20.00 on them every six months or so. If Citi and HSBC don't prove worthy of my cardmembership, you can bet I'm headed back to CapI. Perhaps CapI just wants to be the Big Brother in the neighborhood who helps people achieve fame and fortune with other credit card companies.
I do remember them giving me a credit increase when my sister died in 2001 and I had to make arrangements to get to Michigan and get a hotel room. They gave me an emergency credit increase of $300.00 on both cards.
_________________
J~J
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Posted: Tue Mar 14, 2006 8:12 pm
HSBC, ANOTHER POS LENDER.
i used to have an auto loan w/them, they would charge you 5 bucks to make an online payment. same w/my best buy account, which is through hsbc. i've since closed both
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: specialops
Posted: Wed Mar 15, 2006 1:47 am
i had good experiences with capital one as well. ive been using them for quite awhile now.
_________________
Hey guys, just wanted to let you know about this new site out there called cash crate. In one day i earned $32. And all i had to do was enter my email. If you want to check it out just follow my link: http://www.cashcrate.com/index.php?ref=1335
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Capital One Credit Card After Charge Off
Posted: Tue Mar 14, 2006 3:18 am
I think there is also one other possible way to try to get a higher credit limit. For whatever its reasons, people who apply for an additional card with Capital One might receive a much higher credit limit. I've read of people combining/merging the cards (and the credit limits) into one.
The possible downside is that perhaps Capital One might not allow the person to merge the newer card into the older one. If the only option is to merge the older one into the newer one, then you'll lose all the age of the older card.
There is something else that I found out. I received my card after I had sent in a pre-approved offer. I hadn't paid much attention (until years later) to the fact that this particular offer offered a maximum credit limit of $10,000. Well, it turns out that that limit is the highest limit that this card/account can ever achieve. That was a pretty big disappointment to learn about. Of course, with these small credit limit increases of a couple hundred dollars here and there offered who knows when, it may take me forever to get from ~ $6k up to $10k.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Posted: Tue Mar 14, 2006 11:30 am
maddybeagle wrote:
Quote:
so she calls cap one after she saw the bt was done. she tells cs to close the account. oh mam we can raise your line she said. my wife said, you had your chance, close the account. now we get 10 offers aweek from these people. so what i do, is shread the part w/our names, i send them my pizza hut coupons to them in there self-addresses envenlope, LOL at there cost. just remember to black out the bar code on the seal. (back side)
I hate to read messages like this. People think closing an account is really sticking it to the man when they are just hurting themselves. Sock drawer the card and dont use it except once or twice a year to keep it active.
i dont play the credit score game about closing accounts. look at her scores, i dont think it did a darn thing by closing it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Tue Mar 14, 2006 11:49 am
Quote:
i dont play the credit score game about closing accounts. look at her scores, i dont think it did a darn thing by closing it.
I dont even think that I mentioned credit score You are removing another account that could be used for a good bt opportunity or offer. Besides, if you arent going to use the card, you are doing the cc company huge favor by closing since it costs to maintain an account.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TomfromCT
Posted: Tue Mar 14, 2006 3:37 pm
well..guess i'll be moving up slowly from 700...if at all.
but hey. atleast they gave me the card and i have the age of it
its 3 years of age is alot better than the 4-5 months i have on my BOA and Juniper cards.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: JoyJoy
Posted: Tue Mar 14, 2006 4:12 pm
I have had Capital One cards (2) since 1990 and have never ever had a problem with them. In fact, I have never received a phone call from them or solicitations in the mail. Like one poster said, had it not been for Capital One, I wouldn't have the great credit scores that I have today nor would I have the $3,500.00 credit limit on one card and $1,600 on the other. CapI increased my credit limit last year by $2,000.00! I did not ask for it. I have recently paid both Capital One cards in full through BTs. My APRs were 12.8% and 9.9%. I will definitely keep them open and charge $20.00 on them every six months or so. If Citi and HSBC don't prove worthy of my cardmembership, you can bet I'm headed back to CapI. Perhaps CapI just wants to be the Big Brother in the neighborhood who helps people achieve fame and fortune with other credit card companies.
I do remember them giving me a credit increase when my sister died in 2001 and I had to make arrangements to get to Michigan and get a hotel room. They gave me an emergency credit increase of $300.00 on both cards.
_________________
J~J
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Posted: Tue Mar 14, 2006 8:12 pm
HSBC, ANOTHER POS LENDER.
i used to have an auto loan w/them, they would charge you 5 bucks to make an online payment. same w/my best buy account, which is through hsbc. i've since closed both
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: specialops
Posted: Wed Mar 15, 2006 1:47 am
i had good experiences with capital one as well. ive been using them for quite awhile now.
_________________
Hey guys, just wanted to let you know about this new site out there called cash crate. In one day i earned $32. And all i had to do was enter my email. If you want to check it out just follow my link: http://www.cashcrate.com/index.php?ref=1335
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:23 PM
0 Comments:
Post a Comment
<< Home