Capital One Platinum Costco MASTERCARD Consumer Reviews

The year I got this card. I had earned $181k. They gave me a credit limit of $4500. Every last card I had was $10k-40k cards. Yet I only asked for $10k minimum. So that I can keep my utilization low. My typical spend at Costco is $550-800 for a Costco run. And online can usually be $1k items.

I have an 836 score STEADY that doesn’t go up. Or down. As my monthly spending is really steady and I pay cards all on the 18TH of every month for all bills.

Anyways. They said to have it a year and then ask. That was 2018 to now. Yep. In recent 2021 I asked again. Still NOPE.

Then Costco decided to do something amazing. They switch to CIBC. For those of you who hate CIBC. I can say this: CIBC TOOK MY COSTCO CREDIT CARD OUT OF THE CAVEMAN ERA as I don’t know how many times I’ve asked Capital One to please accept Apple Pay. Who even carries cards anymore???

The first thing I did. Was activate Apple Pay. The second thing? I asked CIBC for a limit increase of $1500 and was instantly approved. Seriously? You are begging for years. For a few k increase on a card you’ve had for years….. makes you wonder. Where capital one’s priorities are.

Every time you ask them. They will say. USE IT MORE AND WE WILL RAISE THE LIMIT…. HOW ABOUT YOU RAISE IT THEN I WILL USE IT MORE?? I’m not ruining my credit score. By impacting my utilization score. What a joke. My utilization on $141k of credit card limits. Is 1-3%! I don’t play the 30-35% game.

I'm in the top 10% when it comes to my credit rating and my other credit cards have limits up to 10 times over the $2,000 that Citibank established. I've had the card for about 11 months now, use it for everything and the limit has remained the same. When I phoned to increase the limit I was told "they" could not do it and it was up to Citibank. It was explained that after several months they normally offer a credit limit increase. NOT! On average, I paid several times between statement dates to keep below their limit. What a pain trying to keep track. I like the card benefits so looking forward to Costco changing to another bank. Citibank's poor service and lack of attention to customer need warrants it.

I have hundreds of thousands of dollars in the bank and a spotless credit rating my entire life, yet they insist that I can only get a $2,000 Credit on the card for the first year! I have automated payments and the monthly balance is paid in full every month like clockwork (except when they withdrew the payment twice!!). Looks like I will have to cancel this card so that I won't be restricted or embarrassed when I reach my limit EVERY month!

Tried multiple times to raise a credit limit, no luck. Takes way too long to mail new cards out.