Ok, last month I was really angry and posted about cap 1 not giving me a cli. Yes, I realize that credit is a privilege and cli are not guaranteed. Anyway...my last cli was 4/10/14, so last month( my October statement), I was upset when I saw I didn't get an increase. It HAD been 6 months since my last, so I hit the button and denied. Call EO.... Denied. Was upset because my scores have actually gone up 10pts, my util was 1%, and I used the card more than I had previously. So, I cashed out my rewards for a credit, and paid my balance off ($900), and it reported last night with a $0 bal.
Me being hopeful, I thought that even though it had been since 6 months since last cli, yesterday was actually my "12th statement", and thought maybe ill get a small bump. Checked this morning and again, nothing. Since I'm done with credit steps, I thought maybe I'm supposed to hit the button again, so I did..... Nothing. There will be those who will not understand this and probably never will unless you've had to rebuild from nothing, but I've worked very hard to rebuild since my Bk7 last yr, using my cards, pif before statements cut except for one card, and I've kept my util at 1% every single mth since bk. So, the card sits at a $0 bal, and will remain in the SD, ill bring it out for a small purchase every few months.
What baffles me is that everyone knows how sensitive and jealous Barclays is, and they almost doubled my limit a few months ago, AND I had new accounts since them, AND inquiries. But I also use the card ALOT!! I will just continue to use Barclays more heavily now, since I think they are more likely to give increase, even small ones. I would have been happy if cap 1 had even given me a small $200 cli! At least that meant I was moving forward!
I don't have plans to apply for anything for 2 yrs. I'm gardening my accounts and aging off all the rebuilding inquiries.
@pizza1 wrote:Ok, last month I was really angry and posted about cap 1 not giving me a cli. Yes, I realize that credit is a privilege and cli are not guaranteed. Anyway...my last cli was 4/10/14, so last month( my October statement), I was upset when I saw I didn't get an increase. It HAD been 6 months since my last, so I hit the button and denied. Call EO.... Denied. Was upset because my scores have actually gone up 10pts, my util was 1%, and I used the card more than I had previously. So, I cashed out my rewards for a credit, and paid my balance off ($900), and it reported last night with a $0 bal.
Me being hopeful, I thought that even though it had been since 6 months since last cli, yesterday was actually my "12th statement", and thought maybe ill get a small bump. Checked this morning and again, nothing. Since I'm done with credit steps, I thought maybe I'm supposed to hit the button again, so I did..... Nothing. There will be those who will not understand this and probably never will unless you've had to rebuild from nothing, but I've worked very hard to rebuild since my Bk7 last yr, using my cards, pif before statements cut except for one card, and I've kept my util at 1% every single mth since bk. So, the card sits at a $0 bal, and will remain in the SD, ill bring it out for a small purchase every few months.
What baffles me is that everyone knows how sensitive and jealous Barclays is, and they almost doubled my limit a few months ago, AND I had new accounts since them, AND inquiries. But I also use the card ALOT!! I will just continue to use Barclays more heavily now, since I think they are more likely to give increase, even small ones. I would have been happy if cap 1 had even given me a small $200 cli! At least that meant I was moving forward!
What was the denial reason on the letter?
I always ask for a CLI but they always say "existing usage of this accounts credit line is too low" and as of recently "too many inquires" (lol i have like 20)
But then I applied for the Venture one rewards card and they give 5K Credit limit. Weird.
Juggar.... Yep, same response, lol. I have no plans to apply to them for anything at this point.
Navigate... Actually, there are several people on these boards (I've been following for a long time) whose been approved right out of bk with cap one for. $2-$3k starting limits and a yr later sitting at $4k. I'm not too upset anymore, just a little disappointed like I said because I'm extra cautious in my rebuild. And yes, I do have quite a bit of credit available to me for being yr out, and I am thankful, but do I go crazy and max them all out?? Hell no! I'm trying to prove to new creditors that I can manage and handle all that credit, and Ive done very well. There were actually a few months where the CRA reported 0 util because I forgot to let one card report and I was mad at myself, lol!!! I'm just trying very very hard to show responsible use and management
Oh one of the cards I had was a Capital One Secured card that only ever received a 100 CLI pretty early on. I closed it recently I had that card for nearly 2.5 years and only got a 100 CLI. So things could be worse
Rage log...
I commend you too for your rebuild!! You had a lot of obstacles to get around too, and still. You've done a good job yourself!! And if it wasn't for Navy FCU, and being able to be a member from my Dad, I wouldn't have that LOC or a $10k visa, so I am thankful for what I have! It's also so true what you said about these forums, feeling either successful or like a failure depending on what you read, but everyone's credit profile is different, and I had a very thick profile before this happened and think that has helped me. I think I've reached that point in my rebuild that I've obtained cards, car loan, etc... So now I'm gonna just chill for a few yrs and let time do its thing, and not ask for cli with anyone or app. I've got enough to work with
And congrats to you for getting your refinance with DCU on your car! That's awesome! I refinanced with navy went from 23% Santander to Navy 3.45%, and I always pay an additional $20 a month. Keep it up! I'd love to have a car loan in the future (maybe 5-6yrs from now) with DCU, I am a member now for that reason 
