Question on CapOne CLI Policy if I turn it down

[Anonymous]

If I turn down the 6 mo offer-does the offer go up every month or would I have to wait another 6? I don't understand why people decline it. Thanks

[Anonymous]

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@djgrolyo wrote:
If I turn down the 6 mo offer-does the offer go up every month or would I have to wait another 6? I don't understand why people decline it. Thanks

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Theres no guarantee the offer would go up. But if you were offered say $500 increase, and were wanting more, then you could decline the increase and use the card more in hopes of a higher increase the next month. I dont think I have heard many cases where the increase amount went down.  You would not have to wait 6 more months if you declined an increase. The timer is reset when you accept an increase.

[Loquat]

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@Anonymous wrote:

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@djgrolyo wrote:
If I turn down the 6 mo offer-does the offer go up every month or would I have to wait another 6? I don't understand why people decline it. Thanks

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Theres no guarantee the offer would go up. But if you were offered say $500 increase, and were wanting more, then you could decline the increase and use the card more in hopes of a higher increase the next month. I dont think I have heard many cases where the increase amount went down.  You would not have to wait 6 more months if you declined an increase. The timer is reset when you accept an increase.

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+1  I've declined the $200 on my CapOne PlayStation Visa for several months in a row now.  Regardless of use the offer hasn't changed.  So as jfriend mentioned, there is no guarantee that holding out will yield better results. 

[Anonymous]

Thanks.

[SouthJamaica]

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@djgrolyo wrote:
If I turn down the 6 mo offer-does the offer go up every month or would I have to wait another 6? I don't understand why people decline it. Thanks

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I've read reports here of folks declining a small Capital One CLI offer, and then a few months later applying for a CLI and getting a bigger increase than the one they declined.