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Regular Contributor
Viper786
Posts: 186
Registered: ‎04-15-2011

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 - 725 FICO - Lender Pull (1/13) | TU - 737 FICO - Lender Pull (1/13) | EX - 736 - FICO Lender Pull (1/13)
Amazon Store Card - $2800 | Amex Zync - NPSL | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Chase Freedom - $3.5k | Discover It - $1500 | Macy's - $1500
New Contributor
Elcid89
Posts: 567
Registered: ‎10-04-2012

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
Viper786
Posts: 186
Registered: ‎04-15-2011

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 - 725 FICO - Lender Pull (1/13) | TU - 737 FICO - Lender Pull (1/13) | EX - 736 - FICO Lender Pull (1/13)
Amazon Store Card - $2800 | Amex Zync - NPSL | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Chase Freedom - $3.5k | Discover It - $1500 | Macy's - $1500
Regular Contributor
jnkp2001
Posts: 135
Registered: ‎01-04-2012

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
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
jnkp2001
Posts: 135
Registered: ‎01-04-2012

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
Viper786
Posts: 186
Registered: ‎04-15-2011

Re: Dad got a Capital One CLI

IIRC = if I recall correct
EQ - 725 FICO - Lender Pull (1/13) | TU - 737 FICO - Lender Pull (1/13) | EX - 736 - FICO Lender Pull (1/13)
Amazon Store Card - $2800 | Amex Zync - NPSL | Amex BCE - $2k | Barclaycard Ring - $2.5k | Capital One - $500 | Chase Freedom - $3.5k | Discover It - $1500 | Macy's - $1500
Valued Contributor
jsucool76
Posts: 2,768
Registered: ‎12-11-2011

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.
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1500CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Valued Contributor
clocktick
Posts: 1,578
Registered: ‎12-07-2008

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
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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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Contributor
collinsridge
Posts: 88
Registered: ‎08-26-2012

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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