@Anonymous wrote:One thing you could try right away is only making 1 payment per month. When you are making multiple payments and using the card almost like a debit card, your balance never really gets high so there's no way you'd ever come close to hitting your $5000 limit. This gives CO little to no incentive to give you a CLI. How much money are you putting through the card every month?
I have put $1000-$2000 through my CO card with a $4000 limit and received the denial reason of "not enough use of current credit limit" which I thought was pretty bogus; how can using half of your limit not be enough? You hear stories all the time about people doing 1-2 small purchases a month and getting CLIs. It's all profile-specific, and denial reasons quite often are just flat out BS.
Got the sameexact responce today with same usage on a 4500 CL. Go figure.
@Anonymous wrote:
@FireMedic1 wrote:
@Anonymous wrote:One thing you could try right away is only making 1 payment per month. When you are making multiple payments and using the card almost like a debit card, your balance never really gets high so there's no way you'd ever come close to hitting your $5000 limit. This gives CO little to no incentive to give you a CLI. How much money are you putting through the card every month?
I have put $1000-$2000 through my CO card with a $4000 limit and received the denial reason of "not enough use of current credit limit" which I thought was pretty bogus; how can using half of your limit not be enough? You hear stories all the time about people doing 1-2 small purchases a month and getting CLIs. It's all profile-specific, and denial reasons quite often are just flat out BS.
Got the sameexact responce today with same usage on a 4500 CL. Go figure.
I hear you. Was it the QS card in your sig? Same card as me if so. What was your SL and with what credit score were you approved? I was approved with a SL of $3000 and a credit score of 619 at the time. Even with my scores today in the mid-high 700's, CO certainly has not forgotten where I came from and continues to view my account the way they did back when I opened it under less than stellar terms.
@Anonymous Looked it up. FICO 649. Yep same card in siggy.. Regular MC. The 1/16 entry below.
I get the same LAME reason also – account not available for increase. I remember reading on this forum that “you do better by reapplying for another Cap1 card to get a larger limit and better terms”. It seems they hold on to your same profile for the current card you have however, but look at you differently when you get a new card. This is the gist of what I gathered reading this forum over the years on Cap1.
This is my speculative view – but there is anecdotal evidence of people getting better cards and higher limits, while not getting CLI on current cards with years of use/spend/pay.
