Product Upgrade & Credit Limit Increase with Capital One

Upgraded my Platinum Master Cards, I have two, to a QuickSiver Rewards an requested a credit limit increase online only received 500.00 so I sent an email to the Executive Office. I waited two days received no responce so I called today this is what happened. Spoke to a gentleman who said he would be my personal credit specialist today I told him that I had upgraded the cards for the rewards and the Visa signiture benefits and requested to increase the limits to 5,000.00 on each. He told me that I had just been given a credit limit increase and he could do nothing for me. After getting no were he offered to let me speak to his suppervisor. Spoke to the suppervisor and ended the call with the same results, she will have someone else call me within 10 days. My question is this the norm has this happened to others. The number I called was one I found here in the forum. I have had both cards for over 6 years and have always paid them on time just never used them much because of the low limits. Any information would be greatly appreciated.

tel12 wrote:
Upgraded my Platinum Master Cards, I have two, to a QuickSiver Rewards an requested a credit limit increase online only received 500.00 so I sent an email to the Executive Office. I waited two days received no responce so I called today this is what happened. Spoke to a gentleman who said he would be my personal credit specialist today I told him that I had upgraded the cards for the rewards and the Visa signiture benefits and requested to increase the limits to 5,000.00 on each. He told me that I had just been given a credit limit increase and he could do nothing for me. After getting no were he offered to let me speak to his suppervisor. Spoke to the suppervisor and ended the call with the same results, she will have someone else call me within 10 days. My question is this the norm has this happened to others. The number I called was one I found here in the forum. I have had both cards for over 6 years and have always paid them on time just never used them much because of the low limits. Any information would be greatly appreciated. The number you got on this forum used to be their Executive Office, but now staffed by regular customer service people, who are no different than your chat or phone customer service. Your hope is to get official response from the email you sent to the EO. You need to wait 1-2 weeks, not days. They have to assist a large number of customers and they are not as big a team as the customer service people. My Cap One card started as a Plat with $500 limit a little more than 2 years ago and now it is at $8k and upgraded to a QuickSilver. Also as others mentioned, you can use the new "Combine cards" tool to combine your multiple small limit cards to a larger, more useful limit.

Similar Messages

My experience with Credit Line Increase at Capital One

Just thought i'd share my experience (and contribute for the forum) to help those who seek to increase their credit line. This is just my experience but it seems to work. A month ago i applied for and got two new credit cards after 16 years of NO credit card useage and not so good credit. I made sure to pay off all debts including student loans and colections accounts prior to applying. First credit card was a Credit One card with a $300 limit. I have since cancelled them since the low limit did nothing for me. I also got a Capital One Quiksilver One with a $3000 limit. During the month of owning this card i: -Charge EVERYTHING on my credit card. Made very frequent charges. I charged everything from a $1 coke at the vending machine to my $2700 rent. Credit card companies have high charges for merchants, this is one of the main ways they make money. They will love you if you pay everything with their credit card so long you make your payments in full.-Once you run your balance up as high as your comfortable doing, make a payment even if it's not month end. Do not go exactly to or over your credit limit!-Make frequent payments. I made 4 or 5 payments within my first month of having my new credit card. $2700 charge, payment posted. $400 in random charges, payment posted. $250 in random charges, payment posted. Within 3 weeks of me owning my Capital One Quicksilver One, they tripled my credit line from $3000 to $9000. Whoohoo! That's all. Enjoy your credit card in good health and with good creditworthness.

slipper wrote:
Just thought i'd share my experience (and contribute for the forum) to help those who seek to increase their credit line. This is just my experience but it seems to work. A month ago i applied for and got two new credit cards after 16 years of NO credit card useage and not so good credit. I made sure to pay off all debts including student loans and colections accounts prior to applying. First credit card was a Credit One card with a $300 limit. I have since cancelled them since the low limit did nothing for me. I also got a Capital One Quiksilver One with a $3000 limit. During the month of owning this card i: -Charge EVERYTHING on my credit card. Made very frequent charges. I charged everything from a $1 coke at the vending machine to my $2700 rent. Credit card companies have high charges for merchants, this is one of the main ways they make money. They will love you if you pay everything with their credit card so long you make your payments in full.-Once you run your balance up as high as your comfortable doing, make a payment even if it's not month end. Do not go exactly to or over your credit limit!-Make frequent payments. I made 4 or 5 payments within my first month of having my new credit card. $2700 charge, payment posted. $400 in random charges, payment posted. $250 in random charges, payment posted. Within 3 weeks of me owning my Capital One Quicksilver One, they tripled my credit line from $3000 to $9000. Whoohoo! That's all. Enjoy your credit card in good health and with good creditworthness. This is exactly what i'm doing (minus the rent part!) I hope this works for me too! Thanks so much for sharing!

Completed my Credit Steps with Capital One

I have 2 Capital One cards, The first one was just a platinum mastercard with a $300 limit, the second one was a 1% cash back platinum mastercard with a $500 limit, I got one 7 months ago and the other 6 months ago. I requested credit limit increases about 2 or 3 months ago on both of them and they raised one from $300 to $800 and the other from $500 to $1000. Then I chatted with them and I got both of them changed to Quicksilvers with no AF. Now with my credit steps complete I have a $1300 limit and a $2000 limit. I was hoping that they would give me a bigger increase since they are QS but they didn't. I am hoping that in 6 months I can get a much bigger cli than just $500 each. My scores were in the high 500's when I got my first card but since then there were some collections fall off and now I am in the low 700's. My score has jumped over 100 points in just 6 or 7 months, I think that is remarkable.

Congrats! My QS started out at $500, then with Credit Steps it bumped up to $1500 in 6 months and then $3k after a year. Six months later they bumped me all the way up to $9k. Stick with them and you will be rewarded!

Advice needed for current CO with capital one

Hello all, thanks for the information, this forum is beyond helpful. I have discharged chapter 7 from may 2008, went through the typical issues that come with that and started rebuilding which was going fine. in 2011 i opened a business and used some of the credit i had reestablished for those purposes and had some missed payments and my scores plummeted again. fast forwarding to current day, i have since paid all old debts, which were closed by creditors showing zero balance. The only one with a balance is a capitalone card that i was 150days late, they charged it off but its still with capital one not a collection agency, i have since been paying every month but its still showing charged off, is there anything I can do to get them to report that differently? i acknowledge the debt is legit but its not actually charged off since I'm paying on it monthly direct to cap one, the kicker is i have another cap one card that my limit just was increased by $2,000 a month ago AND applied for cap one quicksilver card and was approved for $3,000 last week? While Im being long winded, I am also an authorized user on an american express, its our business amex and my father is the primary. the balance shows up on all my CR's which can be anywhere from 5k-50k in a month, is there anyw way to get that to stop reporting as i am not financially responsible for the debt? Thanks for reading

junior1790 wrote:
Hello all, thanks for the information, this forum is beyond helpful. I have discharged chapter 7 from may 2008, went through the typical issues that come with that and started rebuilding which was going fine. in 2011 i opened a business and used some of the credit i had reestablished for those purposes and had some missed payments and my scores plummeted again. fast forwarding to current day, i have since paid all old debts, which were closed by creditors showing zero balance. The only one with a balance is a capitalone card that i was 150days late, they charged it off but its still with capital one not a collection agency, i have since been paying every month but its still showing charged off, is there anything I can do to get them to report that differently? Actually no, its a factual happening and once an account reaches CO status it is that forever going forward. You can try a GW letter to them once the account is paid off asking it be reported as paid as agreed but I have not heard of Cap-1 granting such a request. http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680 i acknowledge the debt is legit but its not actually charged off since I'm paying on it monthly direct to cap one, the kicker is i have another cap one card that my limit just was increased by $2,000 a month ago AND applied for cap one quicksilver card and was approved for $3,000 last week? A CO is an event that the creditor took, it did happen what is should show now is something like this "Was CO, now Pay" but CO notations will always be there unless you can get them to convert it back to a postitive account. While Im being long winded, I am also an authorized user on an american express, its our business amex and my father is the primary. the balance shows up on all my CR's which can be anywhere from 5k-50k in a month, is there anyw way to get that to stop reporting as i am not financially responsible for the debt? Cancel your AU status is the only way it will no longer report. FYI Amex makes their AUs responsible for their individual charges,. Thanks for reading

USAA World Mastercard approved $16k, NFCU credit limit increase doubled to $20k!

It's about time ladies and gentlemen!
12.99% for NFCU platinum12.90% for USAA World Mastercard Rewards.
Full USAA member (I think?) I have Auto, Home, Personal Property Insurance with them. Also Checking, Savings, Stock account. Former enlisted, medically retired. I had a Classic card with USAA since 2011. I didn't know at the time that I couldn't increase the $1k credit limit with that card. They were charging me a shocking 22.9% apr, but I luckily never carried a balance after the first 6 months of using it. Usually would charge most of my stuff on it and pay in full. The NFCU started me off at a $10k credit limit a few years ago and I was really happy with the 12.99% and the first real bigger card. Everyone else was only offering me $1k and I was very happy with the larger limit. I do believe that this was also high because I had opened a secured credit card for $10k, yes I had cash at the time but no credit. I ended up closing that account and getting my money out when the NFCU was accepted. I truly believe that the lenders look at other credit limits to also base off what they offer you as a credit limit. Lately though I was getting recked by the high utilization on my NFCU 10k limit as I had just gotten married and luckily we recieved plenty of cash and gifts to cover everything.
So anyways after hanging up with USAA after learning about my classic card with them and not being able to increase credit limit nor change APR, I applied for a USAA World Rewards online and instant approval for $16k @12.9%! This is going to be my main earn some points and pay in full card. I just wanted more overhead so that I could spend without worrying about my utilization ratios. And I've been with USAA for 6 years now. About a few hours after I got the itch to bump up my $10k limit on NFCU, because I had brought the high limit to about $10,125 at one point. And after lurking for years on this site and reading up on asking for the max limit without review, I did the $25k credit limit increase online. They countered with $20k! I accepted! I just sent a message to see if they could reduce my interest rate and we shall see within the next few days.
Never had a late payment on my report, but was a bad boy at 18-19 years old. About 3 years ago everything bad off my credit fell off from the 7 year rule. I had some late payments and such at 18 years old. I ended up disputing them on annual credit report to verify the numbers are correct and they ended up removing the bad ones luckily!
I want to say my score is in the mid 720s. But my vantage score that shows on the credit cards is 699, probably due to that high 9k balance on the Navy Fed that hasn't reflected on the reports yet. I do shop at Costco a lot but never had their AMEX. But was thinking of applying for the Visa rate advantage with USAA to use at Costco. My mom added me as an authorized user on her AMEX for costco so she could get points. But I called AMEX and canceled my authorized user account with them a few months back. I disputed online that I never signed anything and was added on by my mother. Transunion removed the AMEX and another card I was authorized on (barclays) but experian just reported them as closed. Wondering also if this hurt my average age of accounts. My credit sesame shows about 3 years and 6 months for my average age. So currently have my $16k limit with USAA World Mastercard$20k limit with NFCU PlatinumOnly two credit cards as I canceled my $1k limit classic crap card. Have one car loan open now and one mortgage. Had many car loans, about 2 car refi's, even had 3 car loans open at one time during my high 680ish scores. Lots of utilization I guess, they say they hate it, but they secretely love a good comeback story.

Thanks everyone! Wanted to update that Navy Fed denied my APR decrease and they said I could do it once a year. Eh, 12.99 isn't too bad. Also wanted to add that I got my first VA loan when I was around 620ish and I brought it up from 580 a few months before.

What kind of credit card usage led to a credit limit increase for you?

What type of spending behavior led to your credit limit increases? (Ie zero balance, high usage with early payments, 9%, 30%, ect). Were they notable increases? What time frame did the increases occur in?

As others have noted, there is no set formula, it depends on the lender (and perhaps involves some voodoo or superstition) I got an AMEX Delta Gold card in June 2013, with a $2k limit, and put $4,500 through the first 11 months. Always letting the balance report on the statement, always PIF close to the payment due date. Then purposefully maxed it out twice, reaching $1,800 in early June 2014, then up to $1,300 again in mid-June when they gave my an auto CLI to $3k. My BofA AMEX card, back in the day, had been auto CLI up to $28,800 in April 2008, so I used $21,800 of it. Then they started CLD:Jan 2009, $21,700 (these are all CL, not balances), though the balances were only a few hundred under each step down in CL, the true Balance Chasing scenario)Apr 2009, $20,500Sept 2010, $17,300May 2011, $16,000Jan 2013, $12,700Then in August 2014, I got a 0% offer from US Bank, so I cleared off all the remaining $12k from this BofA AMEX, and in October 2014 moved a total of $10,700 back onto this card on a new 0% 18+ month offer. Proceeded to make some large payments on that. In Feb 2015, got a $3k CLI on this BofA AMEX, from $12,700 to $15,700. Needless to say, it was a good day

Credit Score Drop & Credit Limit Increase.

This morning I had 7 points drop from my credit score. This past month I decided to pay off a 10 year student loan early thinking it would help my credit score. I know it has helped my financial situation but has given my credit score a hit. I am thinking I got the hit because I closed the account out which significantly lowered my AAOA. I have a auto loan that I am currently paying off and the loan ends in about 2 years. Ive been going back and forth about paying off this also, but since I got the hit I just decided not to and just wait the 2 years. In my report I have 1 missed payment waiting to fall off next month, and after that I am pretty set. I have been also itching for another credit card. At the moment I only have one card which is my Barclaycard. What are your thoughts on opening up another one? I know it'll drop my score but I am thinking that I need to replace my loan with something beneficial such as another credit card. I am just not sure if that is a good thing. This morning I checked my Barclaycard statement and realized that they increased my credit limit. I started off with $1000 and they gave me a credit limit of $3500. So my question is how will this affect my credit score? I am on the road of rebuilding my credit. I started this road in the low 500's and within a few months I was able to get my score up to the low 700's with the help of this forum and advice. I would hate to see myself go backwards again. Any advice would be great.

hazeboo wrote:
This morning I had 7 points drop from my credit score. This past month I decided to pay off a 10 year student loan early thinking it would help my credit score. I know it has helped my financial situation but has given my credit score a hit. I am thinking I got the hit because I closed the account out which significantly lowered my AAOA. I have a auto loan that I am currently paying off and the loan ends in about 2 years. Ive been going back and forth about paying off this also, but since I got the hit I just decided not to and just wait the 2 years. In my report I have 1 missed payment waiting to fall off next month, and after that I am pretty set. I have been also itching for another credit card. At the moment I only have one card which is my Barclaycard. What are your thoughts on opening up another one? I know it'll drop my score but I am thinking that I need to replace my loan with something beneficial such as another credit card. I am just not sure if that is a good thing. This morning I checked my Barclaycard statement and realized that they increased my credit limit. I started off with $1000 and they gave me a credit limit of $3500. So my question is how will this affect my credit score? I am on the road of rebuilding my credit. I started this road in the low 500's and within a few months I was able to get my score up to the low 700's with the help of this forum and advice. I would hate to see myself go backwards again. Any advice would be great. Your AAOA doesnt get affected, it will still count towards your AAOA for 10 yrs from the time of closing.The credit line increase will not hurt your credit scores. If youre going to apply for another CC, i would wait until your CR repoets $0 balance/account closeed/paid as agreed. If you're score went down for paying the school loan off, it should go back up soon...doesnt make sense. When i got my two auto increases with Barclay, they HP me...maybe it changed but i would check and make sure they didnt do that. If they did, i would dispute that you didnt give them permission for auto HP increase. Worked with my wife. Anyonre?

Product wise credit limit

My requirment is that how can we maintain Product credit material
As we wants to keep a seperate credit limit for one material out of 100 in same sales area and same group. and for same customer ?
This is business requirmetn as we need to put these materila at distrebuter location as on credit basis in controld maner.
Please help as it is an ergent requirement.
regards Ajit

If your supplier is selling you some product, and then you are selling it to consumers do your consumers need credit limits, as they would pay via PoS.
If you want to report on what has been sold, this should be achieved via sales reporting
If you want to see how much a customer's credit exposure is made up from a particular product, again, this would need to be done via some reporting, against credit exposure.
Please can you detail the actual industry, and the issue it is very vague.

Challenging Personal Guaranty with Capital One

Hi, new member here, although I've been reading on this board for over a year. I own a small C Corporation and have been settling my debt with numerous Credit Card companies. I've actually settled 7 out of 8 in the last 1 1/2 years leaving only a Capital One Line of Credit. I hope to be able to settle this as well, but decided to dispute the validity of my supposed Personal Guaranty, as I know I never signed one. So I sent a DV letter to them stating that I was only disputing the Personal Guaranty, that the Corporation does not dispute the validity of it's debt. (They send 2 copies of all collection letters, one to me and one to the Corporation.) I received the following today. "Acording to our rcords, we received your application by Phone/Internet on....." So if they ever sue me, to prove that I am personally liable they may have a recording of the application, but no signed guaranty. Here's the important part that I don't understand. "We have placed a disagreement code with a resolution of dispute on your credit file to the major credit reporting agencies." Any idea what this means in this context? I have a subscription to Experian so will check to see what this does to my FICO score tomorrow and in the days to follow. Thanks so much for any help you can give me. I love forums, am active on other ones, and knew eventually I'd have to post here as I'm trying to rebuild my credit.

Thanks Robert, that's what I was coming to believe after more research on the web and finding out, as you said, that a DV doesn't apply to an OC. They did send me a form letter asking if I disputed the validity, which is what I replied to. My main concern now in this step is to determine what if any documentation they have of the guarantee. The Internet/Phone comment at least indicates they don't have a signed one. What do you think of sending a letter such as this that I found on the web? I'd edit it of course. edit: I just realized this is from a Scottish website, so the references don't apply. However what I'm wondering is if I should push it in some way to find out what if any documentation they have. Should they not be able to document my liability I would think I could get it off of my report. Dear Sir/Madam
Account No:
You have contacted me regarding the account with the above reference number, which you claim I owe because of a signed personal guarantee.
I have no knowledge of signing a personal guarantee and dispute any personal liability for this debt.
I am familiar with the Consumer Credit sourcebook of the Financial Conduct Authority (FCA) which states the following.
"A firm must not ignore or disregard a customer's claim that a debt has been settled or is disputed and must not continue to make demands for payment without providing clear justification and/or evidence as to why the customer's claim is not valid." 7.5.3
"A firm must suspend any steps it takes or its agent takes in the recovery of a debt from a customer where the customer disputes the debt on valid grounds or what may be valid grounds." 7.14.1
"Where a customer disputes a debt on valid grounds or what may be valid grounds, the firm must investigate the dispute and provide details of the debt to the customer in a timely manner." 7.14.3
If you do not cease collection activity whilst investigating my dispute you are breaking the FCA’s rules and guidance.
Furthermore, ignoring and/or disregarding claims that debts have been settled or are disputed and continuing to make unjustified demands for payment amounts to harassment.
I ask that no further contact be made concerning the above accounts unless you can provide evidence of my liability for the debt in question, including a copy of any personal guarantee you claim I have signed.
I await your written confirmation that this matter is now closed. Otherwise I will have no option but to make a complaint to my local trading standards department and consider informing the FCA of your actions.
I look forward to hearing from you.
Yours faithfully

Want to change payer and update credit limit data with out delete documents

Hi Expert,
I have a problem that user feed 50-60 documents ( Sale order & delivery ) with wrong payer. Now we want to change payer and shift credit limit data ( open sale order , open delivery ) from old payer to new payer is any option for this.
Thanks in advance
Regards
Suresh Kumar

Hi
Ideally in your case, you may have to delete the delivery documents and then recreate the deliveries after updating the payer in the sales order. This is because the source for the partner function in Delivery will be mostly updated as "from sales order" and hence it is not possible to change the payer in the delivery document.
In this case, you have to first find out the relevant delivery documents and delete them
Then you can change the partners in the sales order
Finally you can recreate the delivery documents.
However I would request you to do the following test before following this.
In the SO, change the payer without deleting the delivery. If the partner in delivery gets changed automatically then it is fine. You can ensure this by checking the delivery in DISPLAY mode.
If payer is not changing automatically then go to delivery in CHANGE mode and now check it. If the payer changes automatically now, you are spared with the pain of deleting and recreating deliveries once again.
If both of them fails, then the only way is to delete deliveries first, change payer in SO and then recreate deliveries.
This is applicable only if PGI is not yet done.

Credit Management - Sales Order Blocked and then credit limit increased.

Hello,
We have activated dynamic credit check and have following situation
a) Sales Order created and it went into credit block as its value exceeded the limit
b) Subsequently credit limit was increased.
What steps need to be taken to permit further activities on this sales order. Is VKM3/VKM4 the only way ?
We tried executing the programs 'RVKRED06'. But nothing happened.
Please advise.
Regards
Jayesh.

Hi Yadav,
I have matched my Customizing of Development and Sandbox. I couldn't trace any difference and hence I am posting in Forum for Expert Opinions.
Regards
Vikas

I cannot access common web site like Paypal. I get an "Untrusted Connection" screen. I have accessed Paypal in the past. This also happens with Capital One.

Just in the past week, when I try to access many web sites, including PayPal and Capital One, I get a Untrusted Connection screen and it prevents me from entering these sites.

hello ra12rick, first please make sure that the date, time & timezone are set correctly on your system. if this doesn't solve the issue (or it is already set properly), a possible solution depends on different factors:
* what is the '''error code''' shown under ''technical details'' on the error page?
in case the error code equals ''sec_error_unknown_issuer'', please attempt to add an exception on the bottom of the error page & inspect the certificate (see the screenshot attached for instructions):
* which '''issuer information''' does the certificate contain?
thank you!

What credit limit is valid - the one set at Vendor master , PO or invoice ?

Dear Friends,
I want your suggestions, if weather there is any standard guidelines on which credit limit is followed if I maintain different values at Vendor master, purchase order and at Invoice level
Looking forward for your thoughts ?

There is no credit limit for vendors, as we buy goods from vendor and not sell it to them
There are release strategies in MM. Please clarify your setup.
Regards,
Gaurav

Conflict with capital one website

Anyone having trouble accessing Capital One site, formerly ING Direct?

what problems are you having when trying to access the site?

Who does chase pull for credit limit increase for the freedom card

Trying to increase my Freedom limit I've had the card since April used it heavily payed it off almost in full since then usually after every major purchase I'm wondering if they pull like strictly ex or eq

CAPTOOL wrote:
Yes-Its-Me wrote:
bigalkescott514 wrote:
Trying to increase my Freedom limit I've had the card since April used it heavily payed it off almost in full since then usually after every major purchase I'm wondering if they pull like strictly ex or eq Whatever they pulled for your initial application is what they will pull for the CLI.. It all depends on what bureau is pulled for your region.Well, that sucks. They doubled pulled me, EQ and EX. Both times I applied.For CLI, they will only pull one. Chase will pull EX for most people and during initial application, if they are unsure of the credit profile they pull another bureau. Another thing they do also is, if you do the pre-equal on their site you will end up with a double pull if you proceed to apply after seeing it on their site...

Product Upgrade & Credit Limit Increase with Capital One

Similar Messages

Maybe you are looking for