topic Re: Cap1 and their measly increases in Credit Card Approvals

Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 16:21:57 GMT

What's up with Cap1 giving me these measly increases? 6 months ago they gave me $150 each on both cards. This morning they gave me $150 and $200 on the cards. That is such a disappontment. Their new home is the sock drawer. Anybody else experience this?

Re: Cap1 and their measly increases

Pway — Tue, 26 Apr 2016 16:28:35 GMT

Yes this the norm for Capital One. They are conservative when giving out CLI's. However, when one opens a new account their results are better and have a much higher CL than the older card.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 16:31:11 GMT

If you're not happy with them, just close the cards and move on.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 16:44:10 GMT

I agree that their CLI's are historically very small. I'm looking to add about 3 cards to my wallet in the next month or two at which time my Capital One QS will become a sock drawer card even though it's my daily user now. I've received two CLI's from Capital One in 13 months, both for just $500. My credit score today is about 80 points higher than it was 13 months ago when they issued me the card going from a hair below "good" credit to a hair below "excellent" credit so I would have expected my second CLI to be more sizable than my first. No such luck.

Re: Cap1 and their measly increases

gdale6 — Tue, 26 Apr 2016 16:55:48 GMT

If these are rebuilder cards that they acquired from other lenders thy are never going to yield large CLIs I get this all the time from them on one that was an Orchard bank card originally I dont close it since its less than 10% interest rate but I dont give it much use either unless I need to carry a balance for awhile.

Re: Cap1 and their measly increases

sreneesa — Tue, 26 Apr 2016 17:12:40 GMT

@Pway wrote:
Yes this the norm for Capital One. They are conservative when giving out CLI's. However, when one opens a new account their results are better and have a much higher CL than the older card.

I'm sorry about those increases.

Cap1 being convservative on increases is definitely not my experience and I have seen people on here get great increases(subjective). I hear more about the card not growing beyond a certain point. I am wondering if you have a rebuilder card. That may be the reason for the little increases..but my rebuilder was a different experience.

Platinum pc to QS have had for 1 year 7 months, three increases $500-$7500

QS one year, two increases $3000-$5000.

Re: Cap1 and their measly increases

CreditDrama85 — Tue, 26 Apr 2016 18:41:21 GMT

IMO they have become tighter on increases. For a while they were giving larger increases with the LUV button but I wouldn't be surprised if they modified the criteria, computer algorithum. I used to at least be offered a 1,000 increase. My last offer was an increase of $150. They will soon find my sock drawer.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 19:20:58 GMT

@Anonymous wrote:
What's up with Cap1 giving me these measly increases? 6 months ago they gave me $150 each on both cards. This morning they gave me $150 and $200 on the cards. That is such a disappontment. Their new home is the sock drawer. Anybody else experience this?

I recently hit the luv button in my QS1 and got $150, which I wasn't thrilled about. But then a few days later I got an auto increase on my other QS card, going from $2K to $4K. I wasn't even eligible to hit the luv button on that one for another 6 weeks. So there's really no rhyme or reason why they do what they do.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 20:01:38 GMT

@sreneesa wrote:
@Pway wrote:
Yes this the norm for Capital One. They are conservative when giving out CLI's. However, when one opens a new account their results are better and have a much higher CL than the older card.
I'm sorry about those increases.

Cap1 being convservative on increases is definitely not my experience and I have seen people on here get great increases(subjective). I hear more about the card not growing beyond a certain point. I am wondering if you have a rebuilder card. That may be the reason for the little increases..but my rebuilder was a different experience.

Platinum pc to QS have had for 1 year 7 months, three increases $500-$7500

QS one year, two increases $3000-$5000.

I actually do have a rebuilder so that may be the reason why.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 20:03:14 GMT

@Anonymous wrote:
@Anonymous wrote:
What's up with Cap1 giving me these measly increases? 6 months ago they gave me $150 each on both cards. This morning they gave me $150 and $200 on the cards. That is such a disappontment. Their new home is the sock drawer. Anybody else experience this?
I recently hit the luv button in my QS1 and got $150, which I wasn't thrilled about. But then a few days later I got an auto increase on my other QS card, going from $2K to $4K. I wasn't even eligible to hit the luv button on that one for another 6 weeks. So there's really no rhyme or reason why they do what they do.

That's a big difference from one card to the next on the same profile. Do you use one card more than the other?

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 20:05:11 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
What's up with Cap1 giving me these measly increases? 6 months ago they gave me $150 each on both cards. This morning they gave me $150 and $200 on the cards. That is such a disappontment. Their new home is the sock drawer. Anybody else experience this?
I recently hit the luv button in my QS1 and got $150, which I wasn't thrilled about. But then a few days later I got an auto increase on my other QS card, going from $2K to $4K. I wasn't even eligible to hit the luv button on that one for another 6 weeks. So there's really no rhyme or reason why they do what they do.
That's a big difference from one card to the next on the same profile. Do you use one card more than the other?

No, I use them about equally. I don't really understand it, but whatever. I'll take the auto luv!

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 20:06:00 GMT

@gdale6 wrote:
If these are rebuilder cards that they acquired from other lenders thy are never going to yield large CLIs I get this all the time from them on one that was an Orchard bank card originally I dont close it since its less than 10% interest rate but I dont give it much use either unless I need to carry a balance for awhile.

The card is a rebuilder card but it isn't one that was acquired from another lender but I assume that since its still a rebuilder card it may be the reason why I'm not getting bigger increases. Guess I'll try again in 6 months.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 20:20:32 GMT

It could just be that they want your profile to improve a little bit before offering up the big jumps. I'm sure you'll get one at some point.

@Anonymous wrote:

@gdale6 wrote:
If these are rebuilder cards that they acquired from other lenders thy are never going to yield large CLIs I get this all the time from them on one that was an Orchard bank card originally I dont close it since its less than 10% interest rate but I dont give it much use either unless I need to carry a balance for awhile.
The card is a rebuilder card but it isn't one that was acquired from another lender but I assume that since its still a rebuilder card it may be the reason why I'm not getting bigger increases. Guess I'll try again in 6 months.

Re: Cap1 and their measly increases

driftless — Tue, 26 Apr 2016 20:42:30 GMT

@Anonymous wrote:

@gdale6 wrote:
If these are rebuilder cards that they acquired from other lenders thy are never going to yield large CLIs I get this all the time from them on one that was an Orchard bank card originally I dont close it since its less than 10% interest rate but I dont give it much use either unless I need to carry a balance for awhile.
The card is a rebuilder card but it isn't one that was acquired from another lender but I assume that since its still a rebuilder card it may be the reason why I'm not getting bigger increases. Guess I'll try again in 6 months.

Use them a lot and PIF. Cap One likes large payments, relative to your CL, rather than a lot of small payments. They will grow.

Re: Cap1 and their measly increases

RonM21 — Tue, 26 Apr 2016 20:55:33 GMT

Sorry to hear. I can't say I've experienced increases that low with them to date. Mine haven't been crazy high, but nowhere near that low.

Re: Cap1 and their measly increases

Jerry45 — Tue, 26 Apr 2016 20:58:15 GMT

@Anonymous wrote:
What's up with Cap1 giving me these measly increases? 6 months ago they gave me $150 each on both cards. This morning they gave me $150 and $200 on the cards. That is such a disappontment. Their new home is the sock drawer. Anybody else experience this?

Yes. Ironic that many bash Walmart cards, but they are the best at CLI's with big increases.

I have had a Chase Freedom for 2 years with nada, and not willing to risk a HP to get blood from that rock. LOL

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 21:02:51 GMT

I haven't had much luck with Cap One Luv either - they have been very stingy. However, Synchrony has been good to me as a rebuilder - $10K in credit over 2 cards in the past 30 days. My new friend

Re: Cap1 and their measly increases

Jerry45 — Tue, 26 Apr 2016 21:03:59 GMT

@Anonymous wrote:
I haven't had much luck with Cap One Luv either - they have been very stingy. However, Synchrony has been good to me as a rebuilder - $10K in credit over 2 cards in the past 30 days. My new friend

Right on Brother

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 21:16:53 GMT

Who can figure Cap 1 out. after only 3 statememts i hit luv button today and went fom 1000 to 4500. ( I was like **bleep**) on 3/8 they declined my cli saying my account was to new.

Re: Cap1 and their measly increases

Anonymous — Tue, 26 Apr 2016 21:36:45 GMT

I haven't used my Capital One QS1 in months, and I don't plan on it either.

In 2 years time, I have only gotten a $100 increase. Even though I know I can only get an increase every 6 months, I try every 30 days anyway. Still denied. I don't get it. Still stuck at $600.

I used that card so much, and paid in full ALL THE TIME, never a late payment and still no love from them.

I'll sock drawer the card and never use it again. If they close it, so be it. I have no use for that card whatsoever.