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Valued Contributor
Posts: 1,540
Registered: ‎10-25-2011
0

Cap 1 CLI

I wish i had good news like YAY I GOT A CLI.... but i dont...

 

I attempted to get a CLI and got this return message:

 

This Capital One account is not currently eligible for a credit line increase upon request. We're
reviewing our policy for increasing credit limits. While we do this, we won't be able to offer you
more credit.

 

Any idea? or is this just some generic "get out of my face" message?

----- IF you find my post helpful, Select the star in the KUDOS button! Smiley Happy
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Established Contributor
Posts: 932
Registered: ‎06-12-2012
0

Re: Cap 1 CLI

I got the same letter today. It had been 6 months since I tried for a CLI. At least that is the only reason. I'd rather the denial be something about them and not me.

 

Thank you for contacting Capital One® regarding your account. Unfortunately, we cannot approve a
credit line increase for the following reason(s):


This Capital One account is not currently eligible for a credit line increase upon request. We're
reviewing our policy for increasing credit limits. While we do this, we won't be able to offer you
more credit.

 

blah  blah  blah  blah  blah  blah 

JP Morgan Select $10k | Citi TY Premier $15k | PenFed PlatRewards $22k | BofA AMEX $15k | Chase Freedom $20k | Discover IT $10k | Barclay Arrival+ 25k | AMEX SPG $10k | NASA Platinum-Advantage $10k | CapOne Quicksilver $5k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Super Contributor
Posts: 6,672
Registered: ‎04-07-2008
0

Re: Cap 1 CLI

I get this message 3 times a year from Cap One with a mailed letter too.




Frequent Contributor
Posts: 382
Registered: ‎06-26-2012
0

Re: Cap 1 CLI

It appears as though they went from just saying "no" to everyone to saying "its not you, its me - I'm just not ready".

 

Funny thing is, they claim they review each customers account throughout the year at random (sort of like a CLI is the lottery) and if you ask "when will it be reviewed" you get the its random...we don't know when it will happen just that it will happen" If you ask "when was the last time you reveiewed my account then?" you just get that it was reviewed just the other week when you requested the CLI.

 

For some reason I don't think my account was ever reviewed...

 

Positive note is though, they don't do a HP when you request a CLI anymore - at least for me though I've requested every month and have not had one HP since my origional app for the card.



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Cap 1 CLI

Capital One softs me several times a month.... Even if you exclude the SP that results from my monthly CLI request haha!

I've gotten that same message... It makes mw wonder about those 'reviews'.... Hmmm... We should complain to the CFPB! Hah.

I just closed a Cap One account last week...they just don't seem to get it. They weren't even remorseful that I closed the account! Ugh!
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Valued Contributor
Posts: 1,540
Registered: ‎10-25-2011
0

Re: Cap 1 CLI

So it has nothing to do with their system, its a way of giving me the middle finger behind their back? 

 

LOL that is absolutely awesome.... gosh!

----- IF you find my post helpful, Select the star in the KUDOS button! Smiley Happy
Starting Score: 512 10/2011 Current Score: EQ: 686 | TU: 689 | EX: 690
In My Wallet: SFCU Visa: $10,000 | UECU Visa: $5000 | WellsFargo: $3900 | Cap1 QS: $3500 | Cap1 QS: $3000 | Cap1 AU: $3250
Regular Contributor
Posts: 173
Registered: ‎06-28-2012
0

Re: Cap 1 CLI

It really takes way to much for them to give CLI's i dont know if i was just lucky or that i found the magic person that can make it happen but i emailed the CEO at rich.fairbank@capitalone.com and after about a week and a half of back and fourth calls with a very nice lady at the executive office i got a $1000 CLI on my Platinum Mastercard for building/rebuilding.

EQ FICO - 725 (9/11/13) TU FICO - 724 (6/27/13) EX FICO (6/30/13) 755 AMEX
Im my wallet - Cap1 Platinum MC(2000) Chase Freedom(1500) AMEX BCE (7000) Discover IT (8000) CSP (15000) Cal Coast CU (8000)
Frequent Contributor
Posts: 264
Registered: ‎07-29-2012
0

Re: Cap 1 CLI

Much work for $1000 CLI to email.

Cap! Is good for building credit and dumping later if your stuck at low limits.

 

Moderator
Posts: 13,897
Registered: ‎04-15-2011
0

Re: Cap 1 CLI


DeadSpider wrote:

Much work for $1000 CLI to email.

Cap! Is good for building credit and dumping later if your stuck at low limits.

 


+1  Cap 1 is not a card to grow with.   It gets your foot in the door, then you part ways.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Frequent Contributor
Posts: 348
Registered: ‎08-17-2012
0

Re: Cap 1 CLI

If only I knew then what I know now, I never would've bothered with cap one. I still keep mine active as it is 0 af and second oldest tradeline. 1000 CL hasn't budged since account was opened 4 years ago. There are much better cards out there for those who are new to/building credit. This is especially true for students.

 

For those rebuilding credit however, Cap One seems viable. Definitely better than first premier types as far as fees go.

 

The prime cards they offer are a completely different story and aren't applicable in this discussion of course

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