Guest jeeptravel Posted October 30, 2004 Report Share Posted October 30, 2004 Why the operator couldn't tell me my credit limit? I have been approved and the card is supposed to be in the mail anyday. Nonetheless, she said no one will know my credit limit until I activate it.Is this standard? How can I ask for a Credit Limit increase before activation?It should be in the mail today (waiting waiting waiting)JT Link to comment Share on other sites More sharing options...
credithelp Posted October 30, 2004 Report Share Posted October 30, 2004 When i got cards from them i never knew the balance either. When i called to activate then i was told that it had a measly 300, but 300 is a start. My friend that used to work there says that one of the reasons is that they figure people will decline the card since it has a small limit. After you get the card tell us what the limit is. I can tell you how to get it increased pretty quick. Link to comment Share on other sites More sharing options...
Guest jeeptravel Posted October 30, 2004 Report Share Posted October 30, 2004 Do tell . . . Link to comment Share on other sites More sharing options...
Guest jeeptravel Posted October 30, 2004 Report Share Posted October 30, 2004 ack! No card in mailbox yet . . . But a 3rd preapproval from Cap1 LOL They must spend millions in mailings. STILL WAITING.JT Link to comment Share on other sites More sharing options...
Lainee Posted October 31, 2004 Report Share Posted October 31, 2004 Hey there!I had same experience with Cap One. The thing that always works for me with them is to call and say you want to cancel your card. They'll either increase your limit or lower your APR. Works every time! Lainee Link to comment Share on other sites More sharing options...
credithelp Posted November 1, 2004 Report Share Posted November 1, 2004 When you have a low or no balance, calling to cancel the card will usually get you some kind of increase. The times where that usually doesnt work is when you owe alot of money and you consistently pay just the minimum each month. They figure you can't pay it off for a long while so they usually won't budge on the limits. If they start you off with a 300 limit you can most likely get an increase quickly if you do something like this. Buy something or a few things that get the card to 200 or so. If you have an annual fee, don't forget about it and keep in mind that they usually put the fee on the second statement not the first. After you charged 200 or so immediately pay it off. If you can afford to do it a few times that will make a difference. Doing that tells them 2 things. 1)they will get there money back from you,and 2)you can responsibly handle a credit limit higher than 300. If that doesnt work, then when you have a zero balance(or very low) you can call and tell them you are thinking of cancelling the account since your credit limit is too low. They will have no reason whatsoever to decline you for an increase. Taking those steps have worked for me with various issuers,including cap1.2 things issuers look for are 1)a customer who will pay them back(or at least the minimum each month) and 2)a profitable customer. It's too soon to worry about being a profitable customer. Link to comment Share on other sites More sharing options...
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