topic Re: Surprising Capital One CLI in Credit Card Approvals

Surprising Capital One CLI

ScarlettHusky — Sat, 15 Jul 2023 03:31:58 GMT

Yesterday was the 6th month mark since my last CLI on one of my Capital One cards, but I waited an extra day for good measure. I only use this card for a recurring transaction to pay my storage unit, used it a couple times while I was in France last month at a grocery store (didn't want to melt my NFCU Visa lol), and also used it on the metro in Paris to purchase tickets. In the past I only got $100 or $200 CLIs from them on any of my cards, so I wasn't expecting much different. I hit the LUV button, and my jaw nearly hit the floor when the app said I was approved for a $1,000 increase, to bring my total line for that card to $1,400! Does anyone think me using my card abroad had any play into it?

Scores in my sig are current as of 7/8.

Re: Surprising Capital One CLI

CreditMagic7 — Sat, 15 Jul 2023 03:52:00 GMT

Congrats on your Capital One CLI!

Re: Surprising Capital One CLI

DXness — Sat, 15 Jul 2023 04:48:36 GMT

Congrats on the CLI!

Contrary to popular belief, putting increased/heavier spend on a Cap One card is not necessary to get CLIs. It's more likely that your card got re-assigned to a better bucket, opening the door for bigger CLIs (and the issuer has become more generous this year overall). There is no way to know for sure, but a way to test the rebucketing theory vs them "liking" you more would be to go for another CLI in 3 months. Normally, you must wait 6 months for the next Cap One CLI - but not if there's something in your credit profile that they really like. The size of that CLI may also indicate things.

Re: Surprising Capital One CLI

ScarlettHusky — Sat, 15 Jul 2023 05:09:07 GMT

@DXness wrote:
Congrats on the CLI!

Contrary to popular belief, putting increased/heavier spend on a Cap One card is not necessary to get CLIs. It's more likely that your card got re-assigned to a better bucket, opening the door for bigger CLIs (and the issuer has become more generous this year overall). There is no way to know for sure, but a way to test the rebucketing theory vs them "liking" you more would be to go for another CLI in 3 months. Normally, you must wait 6 months for the next Cap One CLI - but not if there's something in your credit profile that they really like. The size of that CLI may also indicate things.

I'll put a notation in my calendar at the 3 month mark to try this out! Thank you so much!

Re: Surprising Capital One CLI

KingRue8500 — Sat, 15 Jul 2023 11:14:20 GMT

Congrats on your Capital One CLI

Re: Surprising Capital One CLI

NoMoreDebt — Sat, 15 Jul 2023 11:25:49 GMT

congrats on the cli

Re: Surprising Capital One CLI

JoeRockhead — Sat, 15 Jul 2023 11:46:06 GMT

Congratulations on your Cap One love!

Re: Surprising Capital One CLI

SouthJamaica — Sat, 15 Jul 2023 11:48:31 GMT

@ScarlettHusky wrote:
Yesterday was the 6th month mark since my last CLI on one of my Capital One cards, but I waited an extra day for good measure. I only use this card for a recurring transaction to pay my storage unit, used it a couple times while I was in France last month at a grocery store (didn't want to melt my NFCU Visa lol), and also used it on the metro in Paris to purchase tickets. In the past I only got $100 or $200 CLIs from them on any of my cards, so I wasn't expecting much different. I hit the LUV button, and my jaw nearly hit the floor when the app said I was approved for a $1,000 increase, to bring my total line for that card to $1,400! Does anyone think me using my card abroad had any play into it?

Scores in my sig are current as of 7/8.

Congratulations on your approval.

I doubt that using the card abroad was a factor.

Re: Surprising Capital One CLI

pip3man — Sat, 15 Jul 2023 11:55:04 GMT

@DXness wrote:
Congrats on the CLI!

Contrary to popular belief, putting increased/heavier spend on a Cap One card is not necessary to get CLIs. It's more likely that your card got re-assigned to a better bucket, opening the door for bigger CLIs (and the issuer has become more generous this year overall). There is no way to know for sure, but a way to test the rebucketing theory vs them "liking" you more would be to go for another CLI in 3 months. Normally, you must wait 6 months for the next Cap One CLI - but not if there's something in your credit profile that they really like. The size of that CLI may also indicate things.

This is completely FALSE information. There is absolutely NOTHING like rebucketing of a Capital One card and I know this from personal knowledge. The way credit cards were underwritten, buckets were assigned at the point of account opening based on the applicant's credit profile. This was normally set for the life of the account. Even if credit improved over time, it did not correlate with the card's growth. The only way to get better terms was for applicants to literally apply for new credit with their improved credit profile. Each card family were grouped as mainstream and some other names that I forgot. Additionally, factors such as increased/heavy spending were big factors to scoring credit line increases. This part is public knowledge that Capital One actually shares with customers when they get declined for a CLI. So frequent use and/or large spending is likely what triggered the credit line increase for OP. Nothing like rebucketing at C1.

Re: Surprising Capital One CLI

BigBS — Sat, 15 Jul 2023 13:00:39 GMT

Congrats on the CLI!

Re: Surprising Capital One CLI

GApeachy — Sat, 15 Jul 2023 13:52:41 GMT

@pip3man wrote:
@DXness wrote:
Congrats on the CLI!

Contrary to popular belief, putting increased/heavier spend on a Cap One card is not necessary to get CLIs. It's more likely that your card got re-assigned to a better bucket, opening the door for bigger CLIs (and the issuer has become more generous this year overall). There is no way to know for sure, but a way to test the rebucketing theory vs them "liking" you more would be to go for another CLI in 3 months. Normally, you must wait 6 months for the next Cap One CLI - but not if there's something in your credit profile that they really like. The size of that CLI may also indicate things.
This is completely FALSE information. There is absolutely NOTHING like rebucketing of a Capital One card and I know this from personal knowledge. The way credit cards were underwritten, buckets were assigned at the point of account opening based on the applicant's credit profile. This was normally set for the life of the account. Even if credit improved over time, it did not correlate with the card's growth. The only way to get better terms was for applicants to literally apply for new credit with their improved credit profile. Each card family were grouped as mainstream and some other names that I forgot. Additionally, factors such as increased/heavy spending were big factors to scoring credit line increases. This part is public knowledge that Capital One actually shares with customers when they get declined for a CLI. So frequent use and/or large spending is likely what triggered the credit line increase for OP. Nothing like rebucketing at C1.

Using your card abroad may have garnered their attention/cli opportunity. For me regular spend seems to be the norm since around 2020/2021. I don't ever recall having to answer cli questions like they (Cap1) ask now though...eg. "How much will your monthly spend be on this card?" and "How much is your monthly spend on all cards combined?". Once before, on a regular 6 month schedule, I'd get a $3k cli everytime on mine and dh's cards. We were using those cards often, not heavily, but swiping quite a bit. (I posted here about those cli's) However, once we quit using those cards on a regular basis the cli's dried up. It could be that I was answering those cli questions not to their satisfaction as well...meaning I was honest and would answer that I'd only use about 30% of the credit limit. I'm going to test that theory soon.

Re: Surprising Capital One CLI

CreditAggie — Sat, 15 Jul 2023 22:18:16 GMT

Congratulations on your Capital One CLI!

Re: Surprising Capital One CLI

stonedog23 — Sun, 16 Jul 2023 06:27:37 GMT

@pip3man wrote:
@DXness wrote:
Congrats on the CLI!

Contrary to popular belief, putting increased/heavier spend on a Cap One card is not necessary to get CLIs. It's more likely that your card got re-assigned to a better bucket, opening the door for bigger CLIs (and the issuer has become more generous this year overall). There is no way to know for sure, but a way to test the rebucketing theory vs them "liking" you more would be to go for another CLI in 3 months. Normally, you must wait 6 months for the next Cap One CLI - but not if there's something in your credit profile that they really like. The size of that CLI may also indicate things.
This is completely FALSE information. There is absolutely NOTHING like rebucketing of a Capital One card and I know this from personal knowledge. The way credit cards were underwritten, buckets were assigned at the point of account opening based on the applicant's credit profile. This was normally set for the life of the account. Even if credit improved over time, it did not correlate with the card's growth. The only way to get better terms was for applicants to literally apply for new credit with their improved credit profile. Each card family were grouped as mainstream and some other names that I forgot. Additionally, factors such as increased/heavy spending were big factors to scoring credit line increases. This part is public knowledge that Capital One actually shares with customers when they get declined for a CLI. So frequent use and/or large spending is likely what triggered the credit line increase for OP. Nothing like rebucketing at C1.

But let's face, you indicated that Cap One states certain reasons for denial, but lots of times those reasons are pure BS and don't really apply a lot of the time. I have a low tier bucketed card and I wish they would just say that your card will never get an increase. Instead they will say things like too much debt when I was only at 8%.

Re: Surprising Capital One CLI

Binbinimiwi — Sun, 16 Jul 2023 06:56:28 GMT

Congrats onyour awesome surprise CLI!

Re: Surprising Capital One CLI

DXness — Mon, 17 Jul 2023 02:06:38 GMT

@pip3man wrote:
@DXness wrote:
Congrats on the CLI!

Contrary to popular belief, putting increased/heavier spend on a Cap One card is not necessary to get CLIs. It's more likely that your card got re-assigned to a better bucket, opening the door for bigger CLIs (and the issuer has become more generous this year overall). There is no way to know for sure, but a way to test the rebucketing theory vs them "liking" you more would be to go for another CLI in 3 months. Normally, you must wait 6 months for the next Cap One CLI - but not if there's something in your credit profile that they really like. The size of that CLI may also indicate things.
This is completely FALSE information. There is absolutely NOTHING like rebucketing of a Capital One card and I know this from personal knowledge. The way credit cards were underwritten, buckets were assigned at the point of account opening based on the applicant's credit profile. This was normally set for the life of the account. Even if credit improved over time, it did not correlate with the card's growth. The only way to get better terms was for applicants to literally apply for new credit with their improved credit profile. Each card family were grouped as mainstream and some other names that I forgot. Additionally, factors such as increased/heavy spending were big factors to scoring credit line increases. This part is public knowledge that Capital One actually shares with customers when they get declined for a CLI. So frequent use and/or large spending is likely what triggered the credit line increase for OP. Nothing like rebucketing at C1.

Capital One's own public disclosure for its asset-backed securities shows that "rebucketing" is not only possible, but it's guaranteed to happen to some cards. Their Class A ABS, at least the one shown in the 2017 Myfico thread on this subject, and reconfirmed in a 2019 thread, is 100% comprised of accounts older than 60 months / has no accounts younger or equal to 24 months. Thus, their highest ABS trust grouping literally cannot be assigned at account creation and every account in it was moved there after aging in.

This certainly does not preclude lower buckets from having different rules (I haven't read the other 3 classes and their details) and I won't deny that any movement betweem those is speculation having not read what kind of accounts are in them, but it does show as fact-in-filing that Cap One creates its highest bucket by moving accounts in from elsewhere. Even if you worked for them as it sounds like you may have, it would be your opinion as an employee against their legally required public disclosure of how their ABSs are arranged. That document contains pure facts and outright states that rebucketing is not false information.

Re: Surprising Capital One CLI

alextercero — Mon, 17 Jul 2023 04:07:18 GMT

Congrats on the CLI