Credit Cards

[Calbuc]

I only have one credit card, a low limit Capital One card, I acquired two years ago when I started to actually care about my credit. Since I've had the card I have never missed a payment and balance stays under 10%. I recently inquired about an increase to my credit limit and was denied. I received a letter stating, "This Capital One account is not currently eligible for a credit line increase upon request." When I call for answers why I was denied, no one can offer me any further explanation. Should I apply for a new card, with a different company? It seems weird that a card I acquired with a 550 credit score can increase my limit now. Can anyone offer any insight? Thank you.

[Jlu]

You didn't get the memo? Capital One doesn't do customer-initiated CLI's for rebuilder cards. It's not even worth taking the chance that it could result in a 3 CRA HP. Use them until you have over 1 year of positive history and sock drawer them because you'll be ready for new cards.

[Calbuc]

Thanks a ton.

[DVH1980]

Big suprise. Cap 1 is terrible with CLI's.

[DVH1980]

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[John060675]

I have 2 Cap 1 CC's, and the first one has never had a bump in the CL (been open since 2007).  The other had one bump after 90 days, but that has been all so far.  Doubt I will ever see an increase from either one.  Such is life.

[LS2982]

I would SD it for recurring charges and move to greener pastures if you have the score and report to do so.

[nicholasyud]

maybe if you win a lottery then they might offer you another $250 increase......just a thought....

[MarcinXP]

LOL. I honestly don't know why I keep opening the "Capital One CLI Denied" links and read the info. I feel like Charlie Brown falling for the football trick every time but keep landing on my butt..

I'm waiting though for the day where there is a link that says "Capital One CLI approved"..That will be the day!!!!

[LS2982]

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MarcinXP wrote:

LOL. I honestly don't know why I keep opening the "Capital One CLI Denied" links and read the info. I feel like Charlie Brown falling for the football trick every time but keep landing on my butt..

I'm waiting though for the day where there is a link that says "Capital One CLI approved"..That will be the day!!!!

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People open them because they're hoping to see some denial reasons other than "Capital One does not currently take customer initiated CLI's at this time".