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Subject:  Re: capital one and credit reporting Date:  6/16/2007  7:49 AM
Author:  TicoHombre Number:  254481 of 312155

So... if you have a C-1 card with a low limit, pay it for a year or two. On time, and don't exceed your limit. Then watch the mail for a "pre-approved" offer from them. The first one will be at about 9% plus it will offer a limit twice the highest limit you presently have from any OTHER card vendor. So if your WAMU card is $6k, then your pre-approved C-1 offer will be about 12 grand.

That's very interesting. However, I would be very surprised if I get an offer from Capital One (current opening limit of $5,000.00) for a credit line of $52,000 (roughly twice the limit of my Citibank card).

I've had the Capital One account for about a year now with perfect payment history. We'll see what happens. Maybe it won't happen that way since I don't necessarily have a "C-1 card with a low limit."

Interesting post, however.

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