Cap1 unwilling to increase CL if it's your highest?

[go_FICO_self]

I asked for manual review for Cap1 CL increase. I thought I stood a good chance of getting something. But was denied, the primary reason being: "No experience with high limits" or something to that effect.

I'm curious if it's because it's my highest limit and so unwilling to go higher? Anyone else have something similar?

[Anonymous]

That may be why, but that's just a guess. I mean, some banks that offer Siggys won't give them to you unless you've already had $5k limits. I know that's not your situation, but I'm just saying that I see the similarities.

On a somewhat unrelated note, I just tried for a CL, and while this wasn't the only reason I got denied, I found this interesting.

"Recent use of this account's existing credit line has been too low"

So, if you keep a high balance, they penalize you. If you keep a low balance, you're also penalized. Sometimes it just seems like they make up reasons for not approving CLIs.

[MissMoni223]

I too got that same "reason" from Cap1 when I requested a CLI on 1 of my cards from them back in June.  The card is currently at $4,000, which is my highest limit from them out of 3 cards.  I will request again because I KNOW for a fact that some people have 5 digit CL's wtih them. I suppose they just want to see how you handle it before they give you more. . .

[striehl8212]

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@Anonymous wrote:

That may be why, but that's just a guess. I mean, some banks that offer Siggys won't give them to you unless you've already had $5k limits. I know that's not your situation, but I'm just saying that I see the similarities.

On a somewhat unrelated note, I just tried for a CL, and while this wasn't the only reason I got denied, I found this interesting.

"Recent use of this account's existing credit line has been too low"

So, if you keep a high balance, they penalize you. If you keep a low balance, you're also penalized. Sometimes it just seems like they make up reasons for not approving CLIs.

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Hit the nail on the head. That I do believe to be very true at times. 

[s_haliz]

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@go_FICO_self wrote:

I asked for manual review for Cap1 CL increase. I thought I stood a good chance of getting something. But was denied, the primary reason being: "No experience with high limits" or something to that effect.

I'm curious if it's because it's my highest limit and so unwilling to go higher? Anyone else have something similar?

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Cap1 is my lowest limit CC (along woth TJX, both have $20K limits). Does that mean I have a pretty good chance of getting CLI? By your rationale, I would say yes. I had not tried as of yet. Technically I can request now (but may wait few weeks). 

[go_FICO_self]

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@s_haliz wrote:

Cap1 is my lowest limit CC (along woth TJX, both have $20K limits). Does that mean I have a pretty good chance of getting CLI? By your rationale, I would say yes. I had not tried as of yet. Technically I can request now (but may wait few weeks). 

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(Ignoring the obvious flaw in your logic...) With your profileI don't think you need any rationale or problem requesting CLI's

[s_haliz]

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@go_FICO_self wrote:

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@s_haliz wrote:

Cap1 is my lowest limit CC (along woth TJX, both have $20K limits). Does that mean I have a pretty good chance of getting CLI? By your rationale, I would say yes. I had not tried as of yet. Technically I can request now (but may wait few weeks). 

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(Ignoring the obvious flaw in your logic...) With your profileI don't think you need any rationale or problem requesting CLI's

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One can always assume that with my kind of profile, there is absolutely no issue. However I was declined just few weeks back of CLI from $10K to $20K on my TJX Platinum Master Card. I have to do recon and manual review to get $20K. Everyone should be strategize and be prepared to "negative" outcome and be prepared for "recon"....That's all I can say.  

[go_FICO_self]

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@s_haliz wrote:

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One can always assume that with my kind of profile, there is absolutely no issue. However I was declined just few weeks back of CLI from $10K to $20K on my TJX Platinum Master Card. I have to do recon and manual review to get $20K. Everyone should be strategize and be prepared to "negative" outcome and be prepared for "recon"....That's all I can say.  

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I think it's the norm that past certain threshold one needs a manual review for any CLI increase. Be it AMEX (much discussed here), or any other lender. I skipped over that obvious part

[takeshi74]

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@go_FICO_self wrote:

I'm curious if it's because it's my highest limit

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That and your credit profile.

[navigatethis12]

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@Anonymous wrote:

That may be why, but that's just a guess. I mean, some banks that offer Siggys won't give them to you unless you've already had $5k limits. I know that's not your situation, but I'm just saying that I see the similarities.

On a somewhat unrelated note, I just tried for a CL, and while this wasn't the only reason I got denied, I found this interesting.

"Recent use of this account's existing credit line has been too low"

So, if you keep a high balance, they penalize you. If you keep a low balance, you're also penalized. Sometimes it just seems like they make up reasons for not approving CLIs.

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From a logical position, does it make sense to increase a customers limit from 20,000 if they only use 500 a month? I don't know how you use your credit limit, but if you're not using a lot or most of it, it would make sense for them not to see a reason to increase it. I also understand hesitation with granting higher than other lenders have. Some lenders don't care and have no issue granting  a 25000 limit when the next highest is 10000, but it does make sense that some would be cautious if the customer hasn't had high limits before.