W/ a credit limit of $200. HAHAHAHAHAHAHAHAHA too funny!! I suppose they offer "TITANIUM" cards with credit limits of what, $250???? ah well, it's a start.
CH7 Newbie you actually are doing good. If you keep running it up to the limit and paying it off you will have 2-3K in a year easily. Wish I would have started off with Platinum just for the rental car insurance alone.
Don't go over the limit, they'll count it against you. I had a 1K limit card and accidentally went over the limit a couple of times but I paid the account in full each month. I called after a year to get an increase and they refused because I went over the limit a couple of time. Dam,
$200.00? I thought I was doing bad with $500.00. Oh well, just use it and pay it off and it will increase.
Hi Herman - you are correct. Even though $200 is not much, Cap One will increase it after excellent payments as in your post. Chap7newbie - Heed Fat Jake's and Herman's advice. Use the card frequently, and pay it frequently via the web, then charge it again. Most of us started with a low limit. I started with $500 CL, with a $49 deposit. There are also some old posts here where people got a $50 limit on a KMART Cap One card. BUT, you have to start to build trust somewhere. best regards, dogman
WHAT is your NEXT highest card??? When I got my STATE FARM "TOY" CARD...I was able to get it increased to MATCH my next highest limit...(after I closed it)...they made NO effort to keep me till like a few days AFTER I closed the account!!! 80% LOWER THAN MY LOWEST, WAS UNACCEPTABLE!!!
George, are you saying that you "blackmailed" STATE FARM to get a cl increase? Sorry, let me restate that as "graymailed" them?
SOMETHING LIKE THAT...I said I have NO accounts UNDER $5,000!!!! If you want me to take the card...I MUST have NO LESS THAN $5,000!!! THEY EVEN SAID THEY MADE AN "ERROR IN JUDGEMENT"!!!
It is interesting that you say this. I have heard from others not on this list that "blackmail" (graymail), if used tactfully, can be very effective in producing results-- obtaining cc approvals, obtaining cc interest rate reductions, obtaining cl increases, obtaining removal of cc late-pays, etc., etc., etc. But there are others on this list who vigorously state they don't believe such techniques are effective (and may flame this thread).
THEN I ALSO "BLACK-MAILED" CITIBANK into the 0.00% for 9 months...(BDD) I basically said that the 0.00% for 9 months is advertised ALL OVER THE PLACE...and that is why I took the card!!!
