topic Re: Cap One Walmart auto-cli $1.5k -- Shocked... in Credit Card Approvals

Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 14:10:46 GMT

I wasn't sure about posting a $1.5k increase but this card has made me sweat and rage for it. From reading the forums, a lot of people experience frustration with Cap One CLIs too.

Account was opened this last April 2020. Starting limit was only $2k. During the first 3 months, I asked for a CLI a few times, and all requests were denied due to the account being new.

After the 3rd month, I kept asking for increases and now I was being offered $250. Again, $250. Funny thing is, Capital One asks if you'd like to accept that amount or choose a lower amount with a slider, LOL. Really?

I'd back out and not accept the increase knowing that they only grant increases every 6 months. I was hoping that the offer would go up the next time, but I kept getting the same $250.

Last night, I received an email telling me my limit was now $3,500. I couldn't believe my eyes. All this time, I was asking for increases and they figured they'd offer a CLI without my asking. Kinda glad I didn't take the $250 out of desperation

Then it hit me... This email and auto CLI came exactly at 6 months from account opening. Opened April 27th ---> Auto increase October 27th.

For some DPs:

I've spent a good amount in the last 6mos on this card. I'd say roughly $33k or so. It could've been more, but it's hard with a $2k limit. It took lots of cycling some months, but there's only so much you can do while waiting for your limit to become available again. BTW, the majority is work spend, but that shouldn't matter.

Income is high enough to support a much higher limit. This is, by far, my lowest CL. A few cards over $50k.

I keep overall UTIL way below 10% at all times. I use business cards to help with that.

Scores in the high 700s - low 800s.

They recently chopped my Savor card from $41k to $10k

Anyway, this post got too long for a $1.5k increase but the struggle was real and I needed to vent...

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

UH_HUH — Wed, 28 Oct 2020 14:14:04 GMT

@imaximous wrote:
I wasn't sure about posting a $1.5k increase but this card has made me sweat and rage for it. From reading the forums, a lot of people experience frustration with Cap One CLIs too.

Account was opened this last April 2020. Starting limit was only $2k. During the first 3 months, I asked for a CLI a few times, and all requests were denied due to the account being new.
After the 3rd month, I kept asking for increases and now I was being offered $250. Again, $250. Funny thing is, Capital One asks if you'd like to accept that amount or choose a lower amount with a slider, LOL. Really?
I'd back out and not accept the increase knowing that they only grant increases every 6 months. I was hoping that the offer would go up the next time, but I kept getting the same $250.

Last night, I received an email telling me my limit was now $3,500. I couldn't believe my eyes. All this time, I was asking for increases and they figured they'd offer a CLI without my asking. Kinda glad I didn't take the $250 out of desperation

Then it hit me... This email and auto CLI came exactly at 6 months from account opening. Opened April 27th ---> Auto increase October 27th.

For some DPs:
I've spent a good amount in the last 6mos on this card. I'd say roughly $33k or so. It could've been more, but it's hard with a $2k limit. It took lots of cycling some months, but there's only so much you can do while waiting for your limit to become available again. BTW, the majority is work spend, but that shouldn't matter.
Income is high enough to support a much higher limit. This is, by far, my lowest CL. A few cards over $50k.
I keep overall UTIL way below 10% at all times. I use business cards to help with that.
Scores in the high 700s - low 800s.
They recently chopped my Savor card from $41k to $10k

Anyway, this post got too long for a $1.5k increase but the struggle was real and I needed to vent...

Congratulations on that Cap One auto love @imaximous

That is a rare feat indeed!!!

Enjoy it,

Cheers

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

CreditMagic7 — Wed, 28 Oct 2020 14:19:51 GMT

I has this card with $10K with synchrony quite awhile. I read often now where it's line is really took a turn.

Looks like some patience waiting it out came through for you though. Congratulations!!

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

AllZero — Wed, 28 Oct 2020 14:51:03 GMT

Congratulations on your PCLI!

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 15:25:58 GMT

@CreditMagic7 wrote:
I has this card with $10K with synchrony quite awhile. I read often now where it's line is really took a turn.

Looks like some patience waiting it out came through for you though. Congratulations!!

Thanks all!

Still regret not getting it when it was a SYNCB card. I honestly thought Capital One would be granting high limits like they used to with their other cards. I've had a pretty good history with them between credit cards, auto loans and deposit accounts. Anyway...

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

gdale6 — Wed, 28 Oct 2020 16:05:25 GMT

Grats on the auto luv

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

Anonymous — Wed, 28 Oct 2020 16:25:29 GMT

Congrats on the extra $1.5k!

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

blindambition — Wed, 28 Oct 2020 16:37:18 GMT

Congrats on the autoCLI!! The $2k SL was higher than most, but 33k spend and they give $1.5k CLI. Wally World and Cap One can... Go fly a kite!!! Fill in the blanks!!

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

Anonymous — Wed, 28 Oct 2020 16:43:37 GMT

Congrats

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

CreditAggie — Wed, 28 Oct 2020 16:49:58 GMT

Congratulations on your Walmart auto-CLI!

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

Heatt99 — Wed, 28 Oct 2020 16:53:10 GMT

Congratulations. A family member received an increase as well.

I guess Cap1 is gearing up for the holiday season, enticing people to choose their card over others at Walmart.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 17:36:41 GMT

@blindambition wrote:
Congrats on the autoCLI!! The $2k SL was higher than most, but 33k spend and they give $1.5k CLI. Wally World and Cap One can... Go fly a kite!!! Fill in the blanks!!

@blindambition $2k was higher than most? Really? I thought I'd seen much higher starting limits with Cap One Walmart, but I could be wrong.

Is it crazy to think they want lower limits on this card to avoid high volume purchasing paying 5% cashback?

I mean, Amex just nerfed the unlimited 5% cashback on the Amazon card to only $120k in purchases a year.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

NoMoreE46 — Wed, 28 Oct 2020 17:43:31 GMT

@imaximous

Nice post.

Did you really put $33,000 in six months through this card?

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

blindambition — Wed, 28 Oct 2020 17:46:37 GMT

@imaximous wrote:
@blindambition wrote:
Congrats on the autoCLI!! The $2k SL was higher than most, but 33k spend and they give $1.5k CLI. Wally World and Cap One can... Go fly a kite!!! Fill in the blanks!!
@blindambition $2k was higher than most? Really? I thought I'd seen much higher starting limits with Cap One Walmart, but I could be wrong.

Is it crazy to think they want lower limits on this card to avoid high volume purchasing paying 5% cashback?
I mean, Amex just nerfed the unlimited 5% cashback on the Amazon card to only $120k in purchases a year.

This card often starts with a $300 SL. Hard to grow and 3HP.

While Synch may have been too loose with CLI, Walmart is shooting themselves in the foot when it comes to Cap One.

A family of 4 could easily spend over $300 with a single swipe.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 17:55:05 GMT

@NoMoreE46 wrote:
@imaximous

Nice post.

Did you really put $33,000 in six months through this card?

Yes. Not exactly to the penny, but I added the statements quickly in my head as I was making this post.

I've spent a lot more with Walmart, though. I had to ask my wife to get another Walmart card in her name because of my low limit. She got stuck with a $3k limit and her scores are nearly perfect. Basically, 6 pulls between the two of us for $5k total.

The rest of Walmart spend goes on other cards because I can't wait till charges move from pending > posted > paying off card > having credit available again. I can't exactly predict when I'm going to make a ton of purchases, and cycling so much gets annoying too.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 18:00:38 GMT

@blindambition wrote:
@imaximous wrote:
@blindambition wrote:
Congrats on the autoCLI!! The $2k SL was higher than most, but 33k spend and they give $1.5k CLI. Wally World and Cap One can... Go fly a kite!!! Fill in the blanks!!
@blindambition $2k was higher than most? Really? I thought I'd seen much higher starting limits with Cap One Walmart, but I could be wrong.

Is it crazy to think they want lower limits on this card to avoid high volume purchasing paying 5% cashback?
I mean, Amex just nerfed the unlimited 5% cashback on the Amazon card to only $120k in purchases a year.
This card often starts with a $300 SL. Hard to grow and 3HP.
While Synch may have been too loose with CLI, Walmart is shooting themselves in the foot when it comes to Cap One.
A family of 4 could easily spend over $300 with a single swipe.

$300 SL? Wow... Can't even get weekly groceries (if I shopped at Walmart for that).

I have the same feelings about Amazon and the Amex business card.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

AverageJoesCredit — Wed, 28 Oct 2020 18:02:57 GMT

@imaximous wrote:
I wasn't sure about posting a $1.5k increase but this card has made me sweat and rage for it. From reading the forums, a lot of people experience frustration with Cap One CLIs too.

Account was opened this last April 2020. Starting limit was only $2k. During the first 3 months, I asked for a CLI a few times, and all requests were denied due to the account being new.
After the 3rd month, I kept asking for increases and now I was being offered $250. Again, $250. Funny thing is, Capital One asks if you'd like to accept that amount or choose a lower amount with a slider, LOL. Really?
I'd back out and not accept the increase knowing that they only grant increases every 6 months. I was hoping that the offer would go up the next time, but I kept getting the same $250.

Last night, I received an email telling me my limit was now $3,500. I couldn't believe my eyes. All this time, I was asking for increases and they figured they'd offer a CLI without my asking. Kinda glad I didn't take the $250 out of desperation

Then it hit me... This email and auto CLI came exactly at 6 months from account opening. Opened April 27th ---> Auto increase October 27th.

For some DPs:
I've spent a good amount in the last 6mos on this card. I'd say roughly $33k or so. It could've been more, but it's hard with a $2k limit. It took lots of cycling some months, but there's only so much you can do while waiting for your limit to become available again. BTW, the majority is work spend, but that shouldn't matter.
Income is high enough to support a much higher limit. This is, by far, my lowest CL. A few cards over $50k.
I keep overall UTIL way below 10% at all times. I use business cards to help with that.
Scores in the high 700s - low 800s.
They recently chopped my Savor card from $41k to $10k

Anyway, this post got too long for a $1.5k increase but the struggle was real and I needed to vent...

I cant believe you spent $33k ( wholy cow in 6 months !) on a Wally card🤯 or any card haha . No way would i give them that much spend considering how they treat the Wally account. And still they only gave $1.5k? Insane. Enjoy it.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 18:24:35 GMT

@AverageJoesCredit This is business spend, AJC. Not like I'd have that kinda money to spend on personal stuff, haha. If I did, I'd most likely be spending it elsewhere too.

Regardless, I still think they could be a little more generous with the increase. $1.5k is better than $250, I guess, lol.

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

NoMoreE46 — Wed, 28 Oct 2020 18:28:38 GMT

Dang.

DW applied for this card in July with 5% UT and Fico > 820. She got a SL of $1,000. I just assumed she would get at least $5,000....

Since then, we have only run about $600 thru it. So no chance we will get a CLI from CapOne based on @imaximous ' data.....

Re: Cap One Walmart auto-cli $1.5k -- Shocked...

imaximous — Wed, 28 Oct 2020 18:44:13 GMT

@NoMoreE46 wrote:
Dang.

DW applied for this card in July with 5% UT and Fico > 820. She got a SL of $1,000. I just assumed she would get at least $5,000....
Since then, we have only run about $600 thru it. So no chance we will get a CLI from CapOne based on @imaximous ' data.....

I wouldn't make that assumption based on my experiences. I spend that much because of work. Otherwise, I wouldn't need more than $1k from Walmart either. Pretty sure it'll grow for you.

I was being overly optimistic when I thought Cap One would greet me with another $30k SL. Then, I thought my wife would have better luck with higher scores and 2/24. Then, I figured they'd be more generous with increases given that they CLD'ed my Savor from $41k to $10k.

I was wrong every single time.