topic Re: Capital One Savor One Approval with the lowest SL ever! :/ in Credit Card Approvals

Capital One Savor One Approval with the lowest SL ever! :/

2b2rich — Sat, 01 Oct 2022 21:19:08 GMT

I have two cards with Cap 1: Walmart and Platinum. Both have zero balances and are used often. CLs: $1000 and $3400. I am 2 years 10 months post BK7 discharge, no baddies at all since the discharge. Aggregate utilization on exisiting revolving is 25%, though I'm not sure what is showing on my reports at the moment since I recently paid off some of them, but total CL on all revolving is $26,550.00. My new FICO report will be available tomorrow, but I know they pulled Equifax and my FICO8 is 675 on Equifax.

I wanted a better card to replace the subprime Credit One that I got when rebuilding from the BK7, but even the Credit One has a $1,200 CL .

So it came back that I was approved for the card with a $300 CL and it would arrive in the usual 7-10 business days. There may even be an introductory bonus if I spend a certain amount in the first 3 months...and yet,

I'm really bummed about the $300 SL.. Is there a way to request reconsideration or is this a slow CL increase card?

Re: Capital One Savor One Approval with the lowest SL ever! :/

KingRue8500 — Sat, 01 Oct 2022 21:25:51 GMT

Congrats on your Capital One SavorOne Rewards approval

Re: Capital One Savor One Approval with the lowest SL ever! :/

M_Smart007 — Sat, 01 Oct 2022 21:54:08 GMT

@2b2rich wrote:

So it came back that I was approved for the card with a $300 CL and it would arrive in the usual 7-10 business days. There may even be an introductory bonus if I spend a certain amount in the first 3 months...and yet,

I'm really bummed about the $300 SL.. Is there a way to request reconsideration or is this a slow CL increase card?

@2b2rich, Congrats ..at least it was an Approval. Three HP's and a denial would be hard to swallow.

Unfortunately, Capital one does not re-consider credit limits or denials. They are all computer driven.

The CSR's hands are pretty much tied, and don't have control over much if anything. Sorry for the low SL.

The best you can do, is use it ..ask for a CLI in 6 months.

Re: Capital One Savor One Approval with the lowest SL ever! :/

2b2rich — Sat, 01 Oct 2022 21:58:42 GMT

Thank you, I will try that. Cap1 has always been really great about increasing as time goes by so I'm hopeful.

@M_Smart007 wrote:
@2b2rich wrote:

So it came back that I was approved for the card with a $300 CL and it would arrive in the usual 7-10 business days. There may even be an introductory bonus if I spend a certain amount in the first 3 months...and yet,

I'm really bummed about the $300 SL.. Is there a way to request reconsideration or is this a slow CL increase card?
@2b2rich, Congrats ..at least it was an Approval. Three HP's and a denial would be hard to swallow.
Unfortunately, Capital one does not re-consider credit limits or denials. They are all computer driven.
The CSR's hands are pretty much tied, and don't have control over much if anything. Sorry for the low SL.

The best you can do, is use it ..ask for a CLI in 6 months.

Re: Capital One Savor One Approval with the lowest SL ever! :/

M_Smart007 — Sat, 01 Oct 2022 22:06:55 GMT

@2b2rich, Your welcome ..At least the card has decent rewards

Re: Capital One Savor One Approval with the lowest SL ever! :/

SUPERSQUID — Sat, 01 Oct 2022 22:37:37 GMT

@M_Smart007 wrote:
@2b2rich, Your welcome ..At least the card has decent rewards

That 3 pct cb for groceries and dining beats a lot of cards, plus the cb is easily redeemable.

Re: Capital One Savor One Approval with the lowest SL ever! :/

Traveler101 — Sun, 02 Oct 2022 01:11:15 GMT

Congratulations. Spend away and pay off for 6 months then a cli sp.

Re: Capital One Savor One Approval with the lowest SL ever! :/

padme — Sun, 02 Oct 2022 02:08:12 GMT

congrats getting a prime card, maybe in 6 months or a year, you can do a prequalify again, i too had a low starting savor limit, i had a few ventures then, so i just transfered limits then.. you can have 5 CAPONEs

Re: Capital One Savor One Approval with the lowest SL ever! :/

2b2rich — Sun, 02 Oct 2022 02:35:20 GMT

@padme wrote:
congrats getting a prime card, maybe in 6 months or a year, you can do a prequalify again, i too had a low starting savor limit, i had a few ventures then, so i just transfered limits then.. you can have 5 CAPONEs

Thank you. I actually have a couple of prime cards already, but the perks on this one (entertainment, groceries, and streaming, etc) really fit me. I'm happy to have it and feel confident that over time Cap1 will show me some love

Re: Capital One Savor One Approval with the lowest SL ever! :/

CreditAggie — Sun, 02 Oct 2022 06:04:21 GMT

Congratulations on your Capital One Savor One approval!

Re: Capital One Savor One Approval with the lowest SL ever! :/

babygirl1256 — Sun, 02 Oct 2022 12:15:48 GMT

Congrats on your Capital One Savor One approval.

Re: Capital One Savor One Approval with the lowest SL ever! :/

HappyGoLucky4U — Sun, 02 Oct 2022 15:15:53 GMT

How much spend do you usually put on your other capital one card? Do you use it up to the credit line or cycle the credit limit at all?

Re: Capital One Savor One Approval with the lowest SL ever! :/

Anonymalous — Sun, 02 Oct 2022 15:30:42 GMT

Congrats, it's a really nice card.

Cap1 really likes to see significant spend on their cards. The conventional advice when going for a CLI seems to be to spend at least 25-35% of your CLI (exact amount uncertain), for a period of at least 3 months, though in my experience 3 months doesn't work. I think it needs to be longer, though I'm not sure exactly how long. (Currently testing it with my $300 CL Cap1 card, and 3 months did not work.) Typical CLIs are 10% of your current limit, minimum $100, so it's definitely a slow grow. Though there are exceptions, especially with the first CLI. You can spam them with requests for a CLI, but if you get a CLI, you'll have to wait 6 months to be eligible for another.

Re: Capital One Savor One Approval with the lowest SL ever! :/

SUPERSQUID — Sun, 02 Oct 2022 16:17:56 GMT

@Anonymalous wrote:
Congrats, it's a really nice card.

Cap1 really likes to see significant spend on their cards. The conventional advice when going for a CLI seems to be to spend at least 25-35% of your CLI (exact amount uncertain), for a period of at least 3 months, though in my experience 3 months doesn't work. I think it needs to be longer, though I'm not sure exactly how long. (Currently testing it with my $300 CL Cap1 card, and 3 months did not work.) Typical CLIs are 10% of your current limit, minimum $100, so it's definitely a slow grow. Though there are exceptions, especially with the first CLI. You can spam them with requests for a CLI, but if you get a CLI, you'll have to wait 6 months to be eligible for another.

To add, my experience is an automatic cli is usually higher than one requested as far as the first cli. i got a 1500 auto cli on my QS after the first 5 months 300 - 1800, i spent about 30-40 pct of my limit and pif AFTER the statement cut. my 2nd cli was requested,, 200 , making that card 2k.

However this same thing didnt work on my savor one. 3000 sl and only 100 cli at 5 months.

Its a mystery,

Re: Capital One Savor One Approval with the lowest SL ever! :/

Anonymalous — Mon, 03 Oct 2022 00:14:25 GMT

@SUPERSQUID wrote:
@Anonymalous wrote:
Congrats, it's a really nice card.

Cap1 really likes to see significant spend on their cards. The conventional advice when going for a CLI seems to be to spend at least 25-35% of your CLI (exact amount uncertain), for a period of at least 3 months, though in my experience 3 months doesn't work. I think it needs to be longer, though I'm not sure exactly how long. (Currently testing it with my $300 CL Cap1 card, and 3 months did not work.) Typical CLIs are 10% of your current limit, minimum $100, so it's definitely a slow grow. Though there are exceptions, especially with the first CLI. You can spam them with requests for a CLI, but if you get a CLI, you'll have to wait 6 months to be eligible for another.
To add, my experience is an automatic cli is usually higher than one requested as far as the first cli. i got a 1500 auto cli on my QS after the first 5 months 300 - 1800, i spent about 30-40 pct of my limit and pif AFTER the statement cut. my 2nd cli was requested,, 200 , making that card 2k.
However this same thing didnt work on my savor one. 3000 sl and only 100 cli at 5 months.
Its a mystery,

To share a few DPs, I've had my card for a year and a half. For the first couple months, I put a token amount on the card. But as I approached the 6 month mark, I started heavily using the card. For three months, I averaged over 100% of my CL. And I got no love, despite repeated requests for a CLI. After that, I sockdrawered the card. I started trying for a CLI again a couple months ago, and I've been using 40-60% of the limit for July, August, and September. No love so far.

Note while my median usage is almost nothing, my average (mean) usage over the entire lifetime of the card is in the 30-40% range. While I've put very little on the card most months, my high spend months more than make up for it. But Cap1 clearly doesn't care about that. My card still has a $300 CL.

Re: Capital One Savor One Approval with the lowest SL ever! :/

HappyGoLucky4U — Mon, 03 Oct 2022 00:21:14 GMT

@Anonymalous wrote:
@SUPERSQUID wrote:
@Anonymalous wrote:
Congrats, it's a really nice card.

Cap1 really likes to see significant spend on their cards. The conventional advice when going for a CLI seems to be to spend at least 25-35% of your CLI (exact amount uncertain), for a period of at least 3 months, though in my experience 3 months doesn't work. I think it needs to be longer, though I'm not sure exactly how long. (Currently testing it with my $300 CL Cap1 card, and 3 months did not work.) Typical CLIs are 10% of your current limit, minimum $100, so it's definitely a slow grow. Though there are exceptions, especially with the first CLI. You can spam them with requests for a CLI, but if you get a CLI, you'll have to wait 6 months to be eligible for another.
To add, my experience is an automatic cli is usually higher than one requested as far as the first cli. i got a 1500 auto cli on my QS after the first 5 months 300 - 1800, i spent about 30-40 pct of my limit and pif AFTER the statement cut. my 2nd cli was requested,, 200 , making that card 2k.
However this same thing didnt work on my savor one. 3000 sl and only 100 cli at 5 months.
Its a mystery,

To share a few DPs, I've had my card for a year and a half. For the first couple months, I put a token amount on the card. But as I approached the 6 month mark, I started heavily using the card. For three months, I averaged over 100% of my CL. And I got no love, despite repeated requests for a CLI. After that, I sockdrawered the card. I started trying for a CLI again a couple months ago, and I've been using 40-60% of the limit for July, August, and September. No love so far.

Note while my median usage is almost nothing, my average (mean) usage over the entire lifetime of the card is in the 30-40% range. While I've put very little on the card most months, my high spend months more than make up for it. But Cap1 clearly doesn't care about that. My card still has a $300 CL.

Curious, what were the decline reasons for your CLI? Did you have inquiries and new accounts during the time you were requesting CLI?

Re: Capital One Savor One Approval with the lowest SL ever! :/

Anonymalous — Mon, 03 Oct 2022 00:58:47 GMT

@HappyGoLucky4U wrote:
@Anonymalous wrote:
@SUPERSQUID wrote:
@Anonymalous wrote:
Congrats, it's a really nice card.

Cap1 really likes to see significant spend on their cards. The conventional advice when going for a CLI seems to be to spend at least 25-35% of your CLI (exact amount uncertain), for a period of at least 3 months, though in my experience 3 months doesn't work. I think it needs to be longer, though I'm not sure exactly how long. (Currently testing it with my $300 CL Cap1 card, and 3 months did not work.) Typical CLIs are 10% of your current limit, minimum $100, so it's definitely a slow grow. Though there are exceptions, especially with the first CLI. You can spam them with requests for a CLI, but if you get a CLI, you'll have to wait 6 months to be eligible for another.
To add, my experience is an automatic cli is usually higher than one requested as far as the first cli. i got a 1500 auto cli on my QS after the first 5 months 300 - 1800, i spent about 30-40 pct of my limit and pif AFTER the statement cut. my 2nd cli was requested,, 200 , making that card 2k.
However this same thing didnt work on my savor one. 3000 sl and only 100 cli at 5 months.
Its a mystery,

To share a few DPs, I've had my card for a year and a half. For the first couple months, I put a token amount on the card. But as I approached the 6 month mark, I started heavily using the card. For three months, I averaged over 100% of my CL. And I got no love, despite repeated requests for a CLI. After that, I sockdrawered the card. I started trying for a CLI again a couple months ago, and I've been using 40-60% of the limit for July, August, and September. No love so far.

Note while my median usage is almost nothing, my average (mean) usage over the entire lifetime of the card is in the 30-40% range. While I've put very little on the card most months, my high spend months more than make up for it. But Cap1 clearly doesn't care about that. My card still has a $300 CL.

Curious, what were the decline reasons for your CLI? Did you have inquiries and new accounts during the time you were requesting CLI?

The decline reasons last year were "Your Capital One account is too new". Despite it being over 6 months old, and a Platinum (which was supposed to be considered for a CLI at 6 months). The more recent declines were "Recent use of this account's existing credit limit has been too low".

I have 3 cards, and 1 wasted inquiry (in /forever). I doubt it's that. I was unscorable when I got the card, but by the 5 month mark my EX3 (the only one of the mortgage scores that Cap1 uses that I had available) was 816. Completely clean file.

Re: Capital One Savor One Approval with the lowest SL ever! :/

Stealth-1 — Mon, 03 Oct 2022 12:49:30 GMT

Congrats on the approval.

Re: Capital One Savor One Approval with the lowest SL ever! :/

cashorcharge — Mon, 03 Oct 2022 20:17:19 GMT

WooHoo!! Congratulations on your Cap1 Approval!!👏🏼🍾🥂

Hope for it's growth in the future!