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Is there a difference between the credit report that Cap 1 reviews and what we see when we log into the site? Mine updates the beginning of each month. When I view it, I see that the account balances are correct for that date. Some have said when they applied for a CLI, the report used was a few months old. Any way to know what they are using when accounts are reviewed for an increase?
@masscredit wrote:Is there a difference between the credit report that Cap 1 reviews and what we see when we log into the site? Mine updates the beginning of each month. When I view it, I see that the account balances are correct for that date. Some have said when they applied for a CLI, the report used was a few months old. Any way to know what they are using when accounts are reviewed for an increase?
Can't help you there AND it happened to me on a CLI, which was the only time I contacted the EO, AA document cited a 3 month old CR. EO did a SP and then a $1K CLI, that was the QS1 which I'm considering closing, my lowest CL at $3.5K
I think I'm back to being all set for next month. I can try to get some luv online. If that doesn't go through then I can contact the EO. They can do a SP to see the most current info. I doubt the Luv Button would get me from $6K to $10K so I might be calling either way.
From my admittedly limited experience, regardless of the button or EO, I'd speculate $3-5K. It SEEMS the lower, $6K, the higher the CLI, the higher present limit, $15K in my case, the lower the CLI. IF I'm approved for a CLI, I'll be shocked if it's over $3K.
In addition, the EO seems to give favorable responses to CLI recons BUT, isn't especially generous. I haven't seen any reports of EO going above a couple $K.
As always, YMMV, you can never predict what any lender will do with complete accuracy.
I've had my share of pleasant surprises AND shocking disappointments...
This has been my history with them -
Capital One Quicksilver - 9/27/11 - $750. - 8/12 - $1500. 5/14/13 - $2500. (EO) 1/11/14 - $4500 (Luv Button) - 7/15/14 $6000. (EO) - 2/11/15 - $8000 (EO)
Capital One Venture - 12/11 - $750. - 08/12 - $950. - 9/17/13 - $2500. (EO) - 5/2/14 - $4500. (Luv Button) - 12/3/14 - $6000. (EO)
The Venture card started off as a card that was owned by a different company and aqquired by Cap 1 about 2 years ago. I forget who it was. Both cards were converted over to what they are now last year.
Getting to $10K might be to much of a jump for the Venture card this time. I might end up with two $2K increases to get me there.
@masscredit wrote:This has been my history with them -
Capital One Quicksilver - 9/27/11 - $750. - 8/12 - $1500. 5/14/13 - $2500. (EO) 1/11/14 - $4500 (Luv Button) - 7/15/14 $6000. (EO) - 2/11/15 - $8000 (EO)
Capital One Venture - 12/11 - $750. - 08/12 - $950. - 9/17/13 - $2500. (EO) - 5/2/14 - $4500. (Luv Button) - 12/3/14 - $6000. (EO)
The Venture card started off as a card that was owned by a different company and aqquired by Cap 1 about 2 years ago. I forget who it was. Both cards were converted over to what they are now last year.
Getting to $10K might be to much of a jump for the Venture card this time. I might end up with two $2K increases to get me there.
Cap1 seems even MORE peculiar with old & inherited cards for CLIs. In fact, quite frankly, I thought it was odd when you posted that you'd had this Venture for "awhile" and your CL was only $6K. In recent months 99% approved have started with a minimum $5K, with $10 & $15K very common.
Have you tried their pre-qual?
If this was my situation, I'd simply app for another Venture AND if approved instantly, apply for another QS/V1 immediately in hopes that there wouldn't be a second triple pull. Remember! This is what **I** would do.
I'm quite pleased with Cap1 and have a specific strategy to double my current $44K limits in the next 6 months over 5 different cards
That's an idea. Not sure if I want to take the inquiry though. I'm trying to get them all down to zero and have done pretty good resisting the temptation to app for anything. I guess it will be a slow climb if I don't do that. Would like to get all of my main cards up over $10K then target one or two very prime cards at some point. I think I'd be able to start off with a healthy limit if approved for them.