I am new to the board. I applied for a Cap One and Amex biz card. They gave me a really low limit. I would like to ask them if they would consider giving me a higher limit. What are the steps to take?
I got the cards in the mail yesterday. I haven't activated them yet!! Is there someone I should call before activating them? Do I activate them then call and ask for a higher CL?
How does this work?
Thanks in advance!
Welcome to the board!!
Do you have any other cards? what are your FICO 8 scores?
If these are your first cards, they want to see good history before bigger limits come around.
You could call before or after activating and request a higher credit line.
No, I have several other credit cards (11 the oldest is 28YO) I am just new with Cap one and AMEX. My Fico 8 scores range between 711- 780. I just wondered if anyone had a suggestion on how to tackle these two.!
I am loving this board. Thanks for any help. It is greatly appreciated!
Now that i see your data points, i would call and request a higher CL. Let us know how the call goes.
Yes, they are both Biz Cards. I am calling AMEX now. I just activated the card. I am on hold I hope I can get an increase!
I don't mind adding you as an AU...
I was told AU's doesn't help with scores anyomore? Is that true?
welcome to myfico!
Cap One will not do manual (human decisioned) CLI or recon initial CL....you can hit the CLI button every 6 months. SP so nothing to lose if you dont get it. In some cases, people have reported the initial cli at the 5 month mark but that was only on the FIRST cli after the card was new. Others may have more info but this has been both my experience (3 years with Cap One) as well as best info I could find in researching for my Cap One cards.