I am going to soon apply for a Cap 1 secured (don't qualify for unsecured). I will get the stingy $200-$500 limit. Then I can contact Mr. Cooke for a limit increase? Do write, call, or PFB? Do I wait until I receive the card or contact him immediately after approval?
I started out with unsecured (don't ask me how...they just all of sudden started sending them). I think my first one had a $250 limit and they said they automatically review after one year. Can't have any lates, overlimit chargs, etc. in order to qualify for an increase. Its very strange though, because on a different Cap 1 Card they seem to send me an increase offer every couple of months. Of course each $500 increase has cost me $29.00. Its confusing. I don't understand why my original card with them is right now sitting at a $400 limit (had it for almost three years, no late pays, no overlimits) and yet they keep giving me all of these other cards, some with much higher limits. I think my third was their Visa with a 2K limit. It makes absolutely no sense to me. Instead of giving me five or six cards, why don't they just keep giving me a higher limit on one card??? I kinda suspect it migh have to do with the interest they are receiving on all these cards...lol. L
cap 1 is the "MASTER" of profiling you. Their super computer will pick a card that will bring the most profitability, and create a "TRACK" in which that card will exist (unless god-like forces like MR cooke intervene). Some "tracks" go nowhere, fast. Some "tracks" have possibility. If you get stuck on the wrong side of the "TRACK" consider using the force (MR COOKE) to combine your poor performer into one that is more your speed
