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Regular Contributor
Posts: 190
Registered: ‎04-15-2011
0

Dad got a Capital One CLI

So my dad got the Capital One cash rewards (that green card) about 3 or 4 months ago and his starting limit was $2000. He just got an auto CLI of $500 in his last statement.

 

This makes me angry considering I have had my capital one since 2005 and have never had a late payment on it but it's stuck at $500! Oh well, it has no annual fee and 10.9% APR so I'll leave it sock drawered. 

EQ - 689 FICO - ScoreWatch (6/14) | TU - 701 FICO - Lender Pull (5/14) | EX - 708 - FICO Lender Pull (6/14)
Amazon Store Card - $4000 | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Capital One - $3000 | Chase Freedom - $3.5k | Citi Diamond Preferred - $1000 | Discover It - $1500 | Macy's - $1500
Contributor
Posts: 567
Registered: ‎10-04-2012
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Re: Dad got a Capital One CLI

IIRC, their $300 / $500 starter cards never go above $500. You have to, again IIRC, close the card and apply for a new one. I don't have a card from them, so I could be wrong about that, but I seem to recall having heard that more than once on here.

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Regular Contributor
Posts: 190
Registered: ‎04-15-2011
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Re: Dad got a Capital One CLI

It is my oldest card so I don't think i'm going to shut it down anytime soon. I have heard that too. It started at $200 (I was 18 when I got it) and went up to 500 after a couple of months and has been stuck there since.

EQ - 689 FICO - ScoreWatch (6/14) | TU - 701 FICO - Lender Pull (5/14) | EX - 708 - FICO Lender Pull (6/14)
Amazon Store Card - $4000 | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Capital One - $3000 | Chase Freedom - $3.5k | Citi Diamond Preferred - $1000 | Discover It - $1500 | Macy's - $1500
Regular Contributor
Posts: 135
Registered: ‎01-04-2012
0

Re: Dad got a Capital One CLI

same here.  But mine is stuck at 750.  I tried to get a CLI, but was denied and told I'd get an explanation in the mail.  called  cs and they told me they didn't know why either,  No wonder they call it crap!....lol:smileyvery-happy:

 

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
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B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Regular Contributor
Posts: 135
Registered: ‎01-04-2012
0

Re: Dad got a Capital One CLI

what is IIRC? 

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Regular Contributor
Posts: 190
Registered: ‎04-15-2011
0

Re: Dad got a Capital One CLI

IIRC = if I recall correct
EQ - 689 FICO - ScoreWatch (6/14) | TU - 701 FICO - Lender Pull (5/14) | EX - 708 - FICO Lender Pull (6/14)
Amazon Store Card - $4000 | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Capital One - $3000 | Chase Freedom - $3.5k | Citi Diamond Preferred - $1000 | Discover It - $1500 | Macy's - $1500
Super Contributor
Posts: 5,222
Registered: ‎12-11-2011
0

Re: Dad got a Capital One CLI

That is a credit steps CLI. He most likely had the card 6 months. All of their subprime cards get an auto CLI after 6 months if you make all of your payments on time.
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Valued Contributor
Posts: 1,603
Registered: ‎12-07-2008
0

Re: Dad got a Capital One CLI

Yes, credit steps with the new card.  Having the card a while - not likely for sudden CLI.  Possible...but not likely at all.

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Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Dad got a Capital One CLI


clocktick wrote:

Yes, credit steps with the new card.  Having the card a while - not likely for sudden CLI.  Possible...but not likely at all.


I agree, very very rere indeed.

 




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Regular Contributor
Posts: 180
Registered: ‎08-26-2012
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Re: Dad got a Capital One CLI

Do you think Crapital One will ever lift this whole never give a CLI policy? I mean it has to change. They're losing customers because of it! They have to see it.

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