I just got off the phone with Mr. Cooke at Capital One (my one-year review), and in the course of conversation he told me that the company has revised their review policy - it will now be every 8 months, not every 6. Thought I would pass that info along to everyone.
Yep. I talked to Mr. Cooke wanting a 1000 line increase and indeed, it is now a 8 month waiting period for credit limit increases. Looks like I'll have to wait another 2 months. No biggie, but what was the rational for adding another 2 months? And why now?
I was told I could only get a CL increase once a year. I called yesterday because I've had the card for one year. I got a big $100 increase! Wow, now I've got a $600 CL. The rep would not waive the $59 annual fee which is due next month. When that gets added to the card balance the net effect is a CL increase of $41.
Cap 1 has always been tight with their CL increases. I've had a Cap 1 account since 1996 and my CL is $3200. Just use the card as a fondation for really prime cc. Don't forget Cap 1 does not report true CL limits. Best regards, Mirage
I just got a credit line increase about 3 weeks ago and I only had to wait six months to ask for one. I wonder if they are only doing it to certain accounts.
I just got my whopping 100 cl increase on Sunday. I have 2 crap1's. My regular card has a higher cl than my platinum. I know they used to be more generous with increases, but not anymore. Also, some reps say that it is a year for increases. They are wrong. Lil bastard told me this after I had already spoken with someone else. I did automated and was approved after 6 months. Well, if it is 8 months now, then so be it. Good luck to anyone requesting more than 100 bux,
Mr. Cooke did give me the limit increase, but then told me my next review would be in 8 months. So I don't know when this new policy really went into effect.