My 3rd statement for both my cards cut over the next 5 days. I am currently at day 71 since opening them. I know once my cards hit their 3rd statement I can request a CLI. I have run about $3500 through each card (QS and QS1). My first question is, does Cap One do a soft pull for this CLI? Or, is it based on your activity and payment patterns? Has anyone confirmed the methodology used in determining this?
My next question is I have 1 account that shows a $2450 balance against a 1700 limit that is also 6 years old. I paid this off 60 days ago, and should see it update in the next two weeks. Myfico has my UTI anything from 51% to 59% due to this car. My actual UTI is <9%. I know I will see a bump in points once this is reflected. My FICOs are 580-595. If I wait for this to clear, my scores should go above 600. This is why I asked the question above. If they do a soft pull, I can wait till this drops. If they don't do a pull, then I would just request once as each statement posts. I am hopeful to see a $1K increase on each card. I'd love more, but think I will get the typical $1K increase. Once each card gets their 6 month auto increase, I will consolidate.
Thoughts?
