New owner of Cap1 QS1 requesting CLI

[Anonymous]

I'm a new owner of a Cap1 QS1 w/ a 500 CL. Since it's pretty low and I plan on running at least 4000/month on this thing I figure I would try to get a credit limit increase.

I entered in all the income/mortgage info and got this response:

You'll receive a document in the Online Document Center with the outcome of our review in approximately 2-3 business days.

We'll also send you an e-mail asking you to visit the Online Document Center when it's available.

If you haven't signed up for paperless documents, you'll also receive a letter by mail in about 10 business days.

If you have questions about our decision, please visit www.capitalone.com/creditlineFAQ for more.

Does this mean denial?  I am part of the credit steps program, but I've heard of people getting an increase before the 6 month mark.

TIA

[Anonymous]

Yep unfortunately that's usually a denial...check the document tab and it may have account too new as the reason if it was just issued in the last 6 months. Don't worry though not sure if they enrolled your card in credit steps...if so try again for your 1st CLI right after your 2nd statement cuts if it declines then try again the 3rd statement....your credit steps CLI will kick in around your 5th or 6th statement..

If your card was not on credit steps...still try againi after the 2nd/3rd statements cut...the usual timing on normal increases is every 6 months.

[Anonymous]

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@tamaralig wrote:

Yep unfortunately that's usually a denial...check the document tab and it may have account too new as the reason if it was just issued in the last 6 months. Don't worry though not sure if they enrolled your card in credit steps...if so try again for your 1st CLI right after your 2nd statement cuts if it declines then try again the 3rd statement....your credit steps CLI will kick in around your 5th or 6th statement..

If your card was not on credit steps...still try againi after the 2nd/3rd statements cut...the usual timing on normal increases is every 6 months.

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I figured as much. I'll wait for the 2nd statement!  Thanks!

[Anonymous]

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@Anonymous wrote:

I'm a new owner of a Cap1 QS1 w/ a 500 CL. Since it's pretty low and I plan on running at least 4000/month on this thing I figure I would try to get a credit limit increase.

I entered in all the income/mortgage info and got this response:

You'll receive a document in the Online Document Center with the outcome of our review in approximately 2-3 business days.

We'll also send you an e-mail asking you to visit the Online Document Center when it's available.

If you haven't signed up for paperless documents, you'll also receive a letter by mail in about 10 business days.

If you have questions about our decision, please visit www.capitalone.com/creditlineFAQ for more.

Does this mean denial?  I am part of the credit steps program, but I've heard of people getting an increase before the 6 month mark.

TIA

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Congratulations to you!...Thanks for sharing.

[greent]

Sounds like a denial. They do automatic CLI after 5 months.

[Anonymous]

Update:  Yep, denial.  That's fine. I need to have more patience with these things.

[Vegas4Play]

Congrats on your approval !!

[Anonymous]

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@Anonymous wrote:

Update:  Yep, denial.  That's fine. I need to have more patience with these things.

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Don't we all?! Congrats!