A little more than 6 statements ago I open a Capital One Venture account and received the highest credit line any bank has ever given me. At the time the highest limit on my credit report was 3.5K and Capital One give me 10K. I was quite pleased by this especially since my income is only 35K.
Now that 6 statements have cut I decided to see if I could push my credit line any higher. In short no I could not.
In the rejection letter Capital one used a score generated from an Equifax soft pull from the end of December. They said my EQ fico was 704 (even though DCU had me at 726 in December) and that this was too low to get more credit at this time. I had been push 1-3K a month through the card and have always paid in full.
I don’t blame then for not increasing my already generous credit line but I thought there was a chance since they have been mailing me 2 preapprovals a week for the GM card. I love that capital one CLI requests are soft pulls.
It should also be noted that I also have a quick silver card from capital one making my total exposure with them 12K.
I’m only posting this because I enjoy reading other people’s CLI experiences because it helps me make better decisions in my own credit portfolio. I guess the takeaway is don’t expect a CLI on a generous venture limit particularly when you have been aggressively courting new account bonuses. 
@nmac wrote:A little more than 6 statements ago I open a Capital One Venture account and received the highest credit line any bank has ever given me. At the time the highest limit on my credit report was 3.5K and Capital One give me 10K. I was quite pleased by this especially since my income is only 35K.
Now that 6 statements have cut I decided to see if I could push my credit line any higher. In short no I could not.
In the rejection letter Capital one used a score generated from an Equifax soft pull from the end of December. They said my EQ fico was 704 (even though DCU had me at 726 in December) and that this was too low to get more credit at this time. I had been push 1-3K a month through the card and have always paid in full.
I don’t blame then for not increasing my already generous credit line but I thought there was a chance since they have been mailing me 2 preapprovals a week for the GM card. I love that capital one CLI requests are soft pulls.
It should also be noted that I also have a quick silver card from capital one making my total exposure with them 12K.
I’m only posting this because I enjoy reading other people’s CLI experiences because it helps me make better decisions in my own credit portfolio. I guess the takeaway is don’t expect a CLI on a generous venture limit particularly when you have been aggressively courting new account bonuses.
They do seem to routinely use an old score. I think this is there way of having a reason to deny people. I asked for a CLI and the result was a no and the score they used was 3 or 4 months old. It also seemed a bit low, like it was the old Credit Karma score not actually a FICO or even a Vantage score.
@TiggerDat wrote:
@nmac wrote:A little more than 6 statements ago I open a Capital One Venture account and received the highest credit line any bank has ever given me. At the time the highest limit on my credit report was 3.5K and Capital One give me 10K. I was quite pleased by this especially since my income is only 35K.
Now that 6 statements have cut I decided to see if I could push my credit line any higher. In short no I could not.
In the rejection letter Capital one used a score generated from an Equifax soft pull from the end of December. They said my EQ fico was 704 (even though DCU had me at 726 in December) and that this was too low to get more credit at this time. I had been push 1-3K a month through the card and have always paid in full.
I don’t blame then for not increasing my already generous credit line but I thought there was a chance since they have been mailing me 2 preapprovals a week for the GM card. I love that capital one CLI requests are soft pulls.
It should also be noted that I also have a quick silver card from capital one making my total exposure with them 12K.
I’m only posting this because I enjoy reading other people’s CLI experiences because it helps me make better decisions in my own credit portfolio. I guess the takeaway is don’t expect a CLI on a generous venture limit particularly when you have been aggressively courting new account bonuses.
They do seem to routinely use an old score. I think this is there way of having a reason to deny people. I asked for a CLI and the result was a no and the score they used was 3 or 4 months old. It also seemed a bit low, like it was the old Credit Karma score not actually a FICO or even a Vantage score.
Yuppers on CapOne using old SP's.
I was looking in my documents folder on my CapOne Platinum acct...I basically hit the luv button every month last year. Sometimes the EQ scores were 3 months old from the date that I hit the button.
And just a couple days ago when I hit the luv button again for my 5 yr old $10k plattie, the denial document on line showed the EQ score was from December '14.
Aaaannnnd, that same night, I got instant approved for a $10k Venture. Uhhh, i've no clue as to how/why they are making these decisions.