topic Re: Capital One surprise. in Credit Card Approvals

Capital One surprise.

citymunky — Mon, 24 Apr 2023 10:28:47 GMT

Back in late 2022, I was bombarded with mailers, emails, notifications to apply for the Cap1 Savor One card. However, I have racked up a number of INQs on my EX and TU reports so I decided to apply but only keep EQ unlocked. When I was ultimately approved for the card, I think my plan back fired as my SL was only $500.

Fast forward to this morning, and I woke up to a nice surprise email from Capital One:

"You’ve done a great job managing your account, so we increased the credit line for your account ending in 9501 from $500 to $3,500. Life is full of unexpected events. We hope knowing you have credit available—if needed—gives you one less thing to worry about."

I am 100% surprised Cap One just up my limit by 6x, but I can't shake the feeling that maybe $3500 would have be my SL if I didn't keep my EX and TU locked during the application. One will never know with Cap One, but overall I'm happy with the increase.

More DPs, today should be statement date for my 6th statement, and I was planning to apply for a CLI once it posted.

Re: Capital One surprise.

JoeRockhead — Mon, 24 Apr 2023 11:35:36 GMT

No better surprise than an auto CLI, very nice, congratulations!

Re: Capital One surprise.

fury1995 — Mon, 24 Apr 2023 11:39:26 GMT

Awesome! Congrats on your 6XCLI for your CapOne Savor!

Re: Capital One surprise.

FireMedic1 — Mon, 24 Apr 2023 12:58:14 GMT

Congrats!

Re: Capital One surprise.

CreditMagic7 — Mon, 24 Apr 2023 13:17:33 GMT

Congratulatios on your C1 surprise!

Re: Capital One surprise.

coreyb80 — Mon, 24 Apr 2023 14:52:40 GMT

Congrats on the increase!

Re: Capital One surprise.

GZG — Mon, 24 Apr 2023 15:20:44 GMT

@citymunky wrote:
However, I have racked up a number of INQs on my EX and TU reports so I decided to apply but only keep EQ unlocked. When I was ultimately approved for the card, I think my plan back fired as my SL was only $500.

Fast forward to this morning, and I woke up to a nice surprise email from Capital One:
"You’ve done a great job managing your account, so we increased the credit line for your account ending in 9501 from $500 to $3,500. Life is full of unexpected events. We hope knowing you have credit available—if needed—gives you one less thing to worry about."

very, very interesting DPs, I must have skipped over this part on your approval thread

congrats on an amazing CLI!

Re: Capital One surprise.

M_Smart007 — Mon, 24 Apr 2023 15:21:37 GMT

Congrats!

Re: Capital One surprise.

TMDSCT — Mon, 24 Apr 2023 15:28:54 GMT

Congratulations on the auto increase

Re: Capital One surprise.

CreditAggie — Mon, 24 Apr 2023 18:40:08 GMT

Congratulations on your Capital One CLI!

Re: Capital One surprise.

citymunky — Tue, 25 Apr 2023 00:43:40 GMT

Thank you everyone.

Re: Capital One surprise.

alextercero — Tue, 25 Apr 2023 02:35:36 GMT

Congrats on the CLI

Re: Capital One surprise.

Janneman — Tue, 25 Apr 2023 18:37:04 GMT

@citymunky wrote:
Back in late 2022, I was bombarded with mailers, emails, notifications to apply for the Cap1 Savor One card. However, I have racked up a number of INQs on my EX and TU reports so I decided to apply but only keep EQ unlocked. When I was ultimately approved for the card, I think my plan back fired as my SL was only $500.

Fast forward to this morning, and I woke up to a nice surprise email from Capital One:
"You’ve done a great job managing your account, so we increased the credit line for your account ending in 9501 from $500 to $3,500. Life is full of unexpected events. We hope knowing you have credit available—if needed—gives you one less thing to worry about."
I am 100% surprised Cap One just up my limit by 6x, but I can't shake the feeling that maybe $3500 would have be my SL if I didn't keep my EX and TU locked during the application. One will never know with Cap One, but overall I'm happy with the increase.
More DPs, today should be statement date for my 6th statement, and I was planning to apply for a CLI once it posted.

It might be a surprise but its kinda standard practice of Cap1....They do increase up to this limit after 6 months of opening the account. Many years ago my account was also opened with with this much SL and after 6 months I got auto CLI to exactly same CL...and since then nothing in 9 yrs...

Re: Capital One surprise.

Zoostation1 — Tue, 25 Apr 2023 04:47:39 GMT

Congrats on the CLI!

Re: Capital One surprise.

NoMoreE46 — Tue, 25 Apr 2023 14:17:52 GMT

Great post- thanks for sharing.

Re: Capital One surprise.

Mones — Tue, 25 Apr 2023 14:30:55 GMT

Congrats on the AutoCLI. I agree, with that type of an increase, it does seem like they wanted to give you that CL to start but they were probably being a little cautious and testing the waters since they weren't able to see all of the credit data.

Re: Capital One surprise.

citymunky — Wed, 26 Apr 2023 02:35:54 GMT

@Janneman 9 years without any CLI is nuts.

Re: Capital One surprise.

Anonymalous — Wed, 26 Apr 2023 20:44:35 GMT

@Janneman wrote:
@citymunky wrote:
Back in late 2022, I was bombarded with mailers, emails, notifications to apply for the Cap1 Savor One card. However, I have racked up a number of INQs on my EX and TU reports so I decided to apply but only keep EQ unlocked. When I was ultimately approved for the card, I think my plan back fired as my SL was only $500.

Fast forward to this morning, and I woke up to a nice surprise email from Capital One:
"You’ve done a great job managing your account, so we increased the credit line for your account ending in 9501 from $500 to $3,500. Life is full of unexpected events. We hope knowing you have credit available—if needed—gives you one less thing to worry about."
I am 100% surprised Cap One just up my limit by 6x, but I can't shake the feeling that maybe $3500 would have be my SL if I didn't keep my EX and TU locked during the application. One will never know with Cap One, but overall I'm happy with the increase.
More DPs, today should be statement date for my 6th statement, and I was planning to apply for a CLI once it posted.
It might be a surprise but its kinda standard practice of Cap1....They do increase up to this limit after 6 months of opening the account. Many years ago my account was also opened with with this much SL and after 6 months I got auto CLI to exactly same CL...and since then nothing in 9 yrs...

In contrast, I got nothing after 6 months. I started with $300, and was stuck at $300.

Until I hit 18 months, when they gave me an autoincrease to $3,300. That was New Year's Eve, and in the months since the board has been full of a wave of abnormally high CLIs from Cap1. @citymunky, I suspect it had nothing to do with your locked bureaus. I think Cap1 just changed their standards somewhere around New Year's, and that led to your CLI.

In any case, congrats! Feels nice to be able to put some basic spend on the card without blowing out your limit doesn't it? I'm just happy I don't have to micromanage my card's balance anymore.

Re: Capital One surprise.

citymunky — Wed, 26 Apr 2023 22:30:16 GMT

I hope that is the case of my QS1 card for my next CLI request in Aug 23.

Re: Capital One surprise.

nytokyobred79 — Thu, 27 Apr 2023 01:53:59 GMT

@citymunky wrote:
Back in late 2022, I was bombarded with mailers, emails, notifications to apply for the Cap1 Savor One card. However, I have racked up a number of INQs on my EX and TU reports so I decided to apply but only keep EQ unlocked. When I was ultimately approved for the card, I think my plan back fired as my SL was only $500.

Fast forward to this morning, and I woke up to a nice surprise email from Capital One:
"You’ve done a great job managing your account, so we increased the credit line for your account ending in 9501 from $500 to $3,500. Life is full of unexpected events. We hope knowing you have credit available—if needed—gives you one less thing to worry about."
I am 100% surprised Cap One just up my limit by 6x, but I can't shake the feeling that maybe $3500 would have be my SL if I didn't keep my EX and TU locked during the application. One will never know with Cap One, but overall I'm happy with the increase.
More DPs, today should be statement date for my 6th statement, and I was planning to apply for a CLI once it posted.

Congrats on the auto-love and card growth.