Wednesday, October 28th, 2009
Why won’t Capital One give me a credit limit raise?
Carl asked:
I’ve had my Capital One Card in good standing for about 2 and a half years. Never went over my limit, always paid my bill on time(usually a couple weeks early) and now that I haven’t gottena letter in the mail saying they raised my credit, I requested a raise. Sure enough they turned me down and I call them and an Indian lady tells me I am not eligible but won’t give me an explanation. Any idea why?
I’ve had my Capital One Card in good standing for about 2 and a half years. Never went over my limit, always paid my bill on time(usually a couple weeks early) and now that I haven’t gottena letter in the mail saying they raised my credit, I requested a raise. Sure enough they turned me down and I call them and an Indian lady tells me I am not eligible but won’t give me an explanation. Any idea why?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
October 30th, 2009 at 9:34 am
It’s normally based on your FICO. If your debt ratio is high then you are considered a risk thus the denial of a raise in limits. You probably are lucky they haven’t lowered your limit. That is the norm for todays economy. Beside, pay with cash and quit giving money (finance charges) to the banks.