@Anonymous wrote:
@FroggieMom wrote:
@Anonymous wrote:I just did a request for CLI with CapOne QS. Got the message 2-3 days, look for document in document folder. Is this indicating a review w/ decision to follow?
YMMV but in my experience that response is always a denial
Cap1 is a weird one for sure...I'm 99.99% sure I've hit the ceiling for my Cap 1 Plat (used to be an Orchand Bank rebuilder card) but they won't ever just come out and say that....instead they give some other random excuse from their automated wheel of denials. Only reason I keep the card instead of combining it is the super low APR (5.24%) and the AoA (11 yrs)
Got my document this morning. Rejected due to:
Recent use of this account's existing credit line has been too low
Guess I have to use it more! Of course I dont know HOW to even begin to spend even close to my current credit line of $3000. Guess I will just have to wait for the automatic increase after 6 months.
You don't have to spend close to your limit.
Here's what I would do (and do, with my cards, to a degree) ... use your Cap 1 card for all your everyday expenses. In other words, things you would use your debit card for. Getting gas? Pay with Cap 1. Paying cable bill? Pay with Cap 1. Going to the grocery store? Pay with Cap 1. Then, when you get paid, pay off your Cap 1 balance to that point.
In the example above, let's say you spent $40 in gas, cable was $80 and you spent another $80 at the grocery store. When you get paid, and before your statement date, pay off the card.
Rinse, repeat.
This keeps Cap 1 happy and hopefully gets you additional CLIs.
That said, you have to be ABSOLUTELY disciplined to do this. You can't swipe your Cap 1 card and then use your debit card for something else. Leave the money in your debit account, and then pay off Cap 1.
I have been doing that EXCEPT I have been rotating through my cards. The highest I spent though was like $400 before I paid that one off. Maybe I should just not rotate through my cards, but I was hoping that by doing this, I would see increases on all: Discover, Cap 1 and my BofA. I wish I could pay my rent with them, but my stupid place of residence charges an astronomical percentage to run through credit card. So dumb! I will abandon Discover which I am currently using, and go back to Cap 1.
@Anonymous wrote:
@Anonymous wrote:
@FroggieMom wrote:
@Anonymous wrote:I just did a request for CLI with CapOne QS. Got the message 2-3 days, look for document in document folder. Is this indicating a review w/ decision to follow?
YMMV but in my experience that response is always a denial
Got my document this morning. Rejected due to:
Recent use of this account's existing credit line has been too low
Guess I have to use it more! Of course I dont know HOW to even begin to spend even close to my current credit line of $3000. Guess I will just have to wait for the automatic increase after 6 months.
You don't have to spend close to your limit.
Here's what I would do (and do, with my cards, to a degree) ... use your Cap 1 card for all your everyday expenses. In other words, things you would use your debit card for. Getting gas? Pay with Cap 1. Paying cable bill? Pay with Cap 1. Going to the grocery store? Pay with Cap 1. Then, when you get paid, pay off your Cap 1 balance to that point.
In the example above, let's say you spent $40 in gas, cable was $80 and you spent another $80 at the grocery store. When you get paid, and before your statement date, pay off the card.
Rinse, repeat.
This keeps Cap 1 happy and hopefully gets you additional CLIs.
That said, you have to be ABSOLUTELY disciplined to do this. You can't swipe your Cap 1 card and then use your debit card for something else. Leave the money in your debit account, and then pay off Cap 1.