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Valued Contributor
Posts: 1,055
Registered: ‎02-03-2009
0

Capital One EO Success story - 3x CLI, and PC (letter enclosed)

I was ready to close my Cap One card after requesting a CLI several times, and being told that my card was not eligible for an increase. For some background, I have had the card since 2006 - it is my oldest CC - and was obtained when my credit was fairly poor (BK reporting, scores approx 620). I sent the EO the following letter on 7/22/2013:

 

 

To whom it may concern:

First of all, I want to thank you for extending credit to me back when nobody else would. I have had my Capital One credit card since 2006. I have worked hard in rebuilding my credit over the years have made heavy use of my Capital One card.  I have made every payment on time and pay more than the minimum payment each month.
 
That being said, I am writing to request a credit limit increase on my card. I have had this card for over 7 years, and have not had a credit limit increase since 2007. With my current limit, it will not be practical for me use this card on upcoming business and personal trips, while keeping my debt to credit utilization in mind. This is my oldest credit card, and I would like to keep it open as older cards reflect positively on my credit history.

I obtained this card when I my credit history was poor-fair. My current credit is excellent (credit scores on all three credit bureaus are in the 740-790 range) and this card represents one of the lowest limits of my credit cards, which affects my ability to use it and its rewards successfully. I have previously asked for credit limit increases, and have been told that my account does not qualify for an increase. At this time, I am requesting an increase of my credit limit to $12,000, which is more in line with my other credit limits on other cards. I currently have several credit cards with limits in excess of $10,000. In addition, I would like to have the card converted to your new Quicksilver card in order to take advantage of the increased rewards that it offers.


Feel free to contact me with any questions you might have.  Thank you in advance for any assistance you can provide. I can be reached at (###) ###-####
 
Respectfully submitted,

 

Empty Pockets

 

 

I got a call back from the EO on 7/24/2013, and I discussed with a very polite CSR, and explained to him how my 3k limit (no CLI since 2007) was not meeting my needs, and how I can't use the card when I want without having to make payments every 2 weeks so I won't max it out. He took info regarding my income, and payments, and asked how much of a CLI I was requesting. I told him I wanted a increase to 12k. He asked if I would be willing to accept less than this, if the underwriter would not approve that much. I told him I would, but that I really want card to be at 12k, as that is my average of limits on my cards. He said he would submit the request for a manual review to a underwriter, who would do a soft pull of my credit.  I got a call back from him a few minutes ago, and they actually raised my limit to 10k, and converted it to a Quicksilver! I am shocked! I have called the EO before, and did get the card PC'd from a regular Platinum Visa (with a 59 AF) to a Green Rewards card with no AF last June, but they would not budge on the CLI. I really was going to close the card, but needless to say it will remain open for awhile now.  Smiley Very Happy


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Pen Fed Promise, Citi (4), Chase (6), Nordstrom Visa,US Bank Cash+, Huntington Voice, UMB Visa, Nasa Plat Cash Visa, Barclay's Visa, Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, Diner's Club MC; FNBO Amex; A few store cards.

Current Scores (7/2015): EQ My Fico: 789; TU MyFico: 777; EX (My Fico): 764
Established Contributor
Posts: 574
Registered: ‎06-04-2012
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)

Congrats!

 

~kn


EQ: 700 (FICO ScoreWatch) 11/26/14
EX: ??? (No Current)
TU: 681 (Discover FICO) 11/12/14

Last App 9/22/14... In Garden 'till Summer '15
Community Leader
Senior Contributor
Posts: 27,465
Registered: ‎02-07-2013
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)


emptypockets wrote:

I was ready to close my Cap One card after requesting a CLI several times, and being told that my card was not eligible for an increase. For some background, I have had the card since 2006 - it is my oldest CC - and was obtained when my credit was fairly poor (BK reporting, scores approx 620). I sent the EO the following letter on 7/22/2013:

 

 

To whom it may concern:

First of all, I want to thank you for extending credit to me back when nobody else would. I have had my Capital One credit card since 2006. I have worked hard in rebuilding my credit over the years have made heavy use of my Capital One card.  I have made every payment on time and pay more than the minimum payment each month.
 
That being said, I am writing to request a credit limit increase on my card. I have had this card for over 7 years, and have not had a credit limit increase since 2007. With my current limit, it will not be practical for me use this card on upcoming business and personal trips, while keeping my debt to credit utilization in mind. This is my oldest credit card, and I would like to keep it open as older cards reflect positively on my credit history.

I obtained this card when I my credit history was poor-fair. My current credit is excellent (credit scores on all three credit bureaus are in the 740-790 range) and this card represents one of the lowest limits of my credit cards, which affects my ability to use it and its rewards successfully. I have previously asked for credit limit increases, and have been told that my account does not qualify for an increase. At this time, I am requesting an increase of my credit limit to $12,000, which is more in line with my other credit limits on other cards. I currently have several credit cards with limits in excess of $10,000. In addition, I would like to have the card converted to your new Quicksilver card in order to take advantage of the increased rewards that it offers.


Feel free to contact me with any questions you might have.  Thank you in advance for any assistance you can provide. I can be reached at (###) ###-####
 
Respectfully submitted,

 

Empty Pockets

 

 

I got a call back from the EO on 7/24/2013, and I discussed with a very polite CSR, and explained to him how my 3k limit (no CLI since 2007) was not meeting my needs, and how I can't use the card when I want without having to make payments every 2 weeks so I won't max it out. He took info regarding my income, and payments, and asked how much of a CLI I was requesting. I told him I wanted a increase to 12k. He asked if I would be willing to accept less than this, if the underwriter would not approve that much. I told him I would, but that I really want card to be at 12k, as that is my average of limits on my cards. He said he would submit the request for a manual review to a underwriter, who would do a soft pull of my credit.  I got a call back from him a few minutes ago, and they actually raised my limit to 10k, and converted it to a Quicksilver! I am shocked! I have called the EO before, and did get the card PC'd from a regular Platinum Visa (with a 59 AF) to a Green Rewards card with no AF last June, but they would not budge on the CLI. I really was going to close the card, but needless to say it will remain open for awhile now.  Smiley Very Happy


Emptypockets seem pretty full to me Lol

Congrats 

+ Chase ink =




Established Contributor
Posts: 550
Registered: ‎01-09-2013
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)

WTG!!!!! 

 

Long time coming but well deserved.


Congratulations

Regular Contributor
Posts: 188
Registered: ‎07-23-2008
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)

Nice!

FICO scores:EQ- 723 (6/13), TU- 722 (6/13), EX- ?
My Wallet- AMEX BCE-17.5K, Chase Freedom-6k, Cap1- 5K, BMO Harris-5K, Wells Fargo-2K,
Store Cards-Lowes- 8K, Ashley Furniture-6K, American Furniture-2.5K,


Established Contributor
Posts: 620
Registered: ‎05-09-2009
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)

Congrats, very nice!

Current Score: EQ: 807 TU: 811 EX: 813 (Fico) 8/14
Goal Scores: 760 Across all 3-Finally


Citi TY Premier 46.5k| Discover 15.6k|BOA WMC 30.5k|Barclays Juniper Rewards 15k|Barclays Amex 20k| CapOne 15K|Chase Freedom VS 19.3k|Citi Dividend WMC 25k|FNBO 15.5k|CSP 22.1K|Chase Marriott 31.3k|Citi TYP 20K|Citi DP 16.5k|Macys 5k|Sams MasterCard 15k|Barclay Arrival Plus WEMC 18.7k|Chase IHG WMC 26k|Citi Double Cash 10k|Chase MileagePlus Explorer 14k|Amex Everyday 16.2k
Senior Contributor
Posts: 6,279
Registered: ‎08-16-2012
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)

Congrats!!!!! I need to req a cli from the eo soon!
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
Posts: 736
Registered: ‎07-22-2013
0

Re: Capital One EO Success story - 3x CLI, and PC (letter enclosed)

NIce I just got my call from the EO today and they told me the same thing about the reviewing my account for a CLI
i asked mine to be upped to atleast 5000 and she asked if i would be willing to accept partial increase which i said I guess but i want to be rewarded for being a customer since 07
then she said they will do a soft pull and get back to me with the follow up
and once that dispute is handled she'll work on the AF which she said i am offered a credit card upgrade with rewards woohooo


Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
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