Are Cap 1 CLI 6 months or 6 statements

IWOL · ‎02-08-2015

Opened my Venture card in 8/2014 and they gave me a 15k starting limit.

My 6th statement cut yesterday so I requested a CLI and I got a 7 to 10 day message.

I used the card heavily. Total charges in the first 6 months were around $40k. Always PIF, balance 0 on recent statement cut.

Do they give instant decisions on CLI or is it usually a 7 to 10 message.

Guess I'll have to wait a few days to see what happens. Who do they soft for the decision, EQ.

Anonymous · ‎02-08-2015

Interesting if it didn't say 2-3 days.

They usually soft EQ, Yes.

SunriseEarth · ‎02-08-2015

@IWOL wrote:
Opened my Venture card in 8/2014 and they gave me a 15k starting limit.

My 6th statement cut yesterday so I requested a CLI and I got a 7 to 10 day message.

I used the card heavily. Total charges in the first 6 months were around $40k. Always PIF, balance 0 on recent statement cut.

Do they give instant decisions on CLI or is it usually a 7 to 10 message.

Guess I'll have to wait a few days to see what happens. Who do they soft for the decision, EQ.

They usually use the actual timeframe of ~6 months as opposed to 6 statements. Usually CLI approvals are instant. I'd check back tomorrow for a letter and see what the reasons are. You may need to have the EO request a manual review.

IWOL · ‎02-08-2015

@Anonymous wrote:
Interesting if it didn't say 2-3 days.

They usually soft EQ, Yes.

Actually it did say 2 to 3, not 7 to 10.

Perhaps if it's actually a time frame of 6 months and not 6 statements, I may be under 6 months from actual open date. I'm not sure what the actual open date is.

Don't really need the CLI just thought I would ask for it since it a SP.

I'll wait and see what the letter says.

AirlinerDudeB6 · ‎02-09-2015

@IWOL wrote:
@Anonymous wrote:
Interesting if it didn't say 2-3 days.

They usually soft EQ, Yes.
Actually it did say 2 to 3, not 7 to 10.

Perhaps if it's actually a time frame of 6 months and not 6 statements, I may be under 6 months from actual open date. I'm not sure what the actual open date is.

Don't really need the CLI just thought I would ask for it since it a SP.

I'll wait and see what the letter says.

Unless you are using a large portion of that $15k line every month, the reason will most likely be "Recent use of current credit limit is too low".

They love that one. I can show you the stack of letters I've gotten from them with that "reason".

Anonymous · ‎02-09-2015

Same. Often get "Recent use of this account's existing credit line has been too low"