topic Re: Capital One Unexpected Limit Increase in Credit Card Approvals

Capital One Unexpected Limit Increase

Iusedtolurk — Mon, 12 Feb 2024 11:10:38 GMT

I was checking my Cap1 statements for this month and noticed my Cash Advance Limits show they increased from 20 percent of cl to 100 percent on one card and from 10 percent to 60 percent of credit line on another. I was wondering if anyone else experienced a change like this. One card just hit 7 years and the other 4 years.

Re: Capital One Unexpected Limit Increase

citymunky — Mon, 12 Feb 2024 12:43:28 GMT

I guess after 7 years, they finally trust you.

Re: Capital One Unexpected Limit Increase

CorpCrMgr1 — Mon, 12 Feb 2024 14:08:30 GMT

Congratulations on the increase of your CAL. It's been a long time since I received any increase.

Re: Capital One Unexpected Limit Increase

Iusedtolurk — Mon, 12 Feb 2024 15:21:40 GMT

@CorpCrMgr1 wrote:
Congratulations on the increase of your CAL. It's been a long time since I received any increase.

@CorpCrMgr1 it's been a dismal amount of time for an increase on my first card. I got one 3 months after I got it of 400 dollars making it 700 dollars and its been the same every since. No matter how it's been used and it's been used in every way possible. It's definitely at the bottom of the Bucket it resides in. Took 5 years to unsecured. But it's the card I started my rebuild with and doesn't have any fees so I just let it age.

Re: Capital One Unexpected Limit Increase

gorgon — Mon, 12 Feb 2024 15:48:19 GMT

This is at least the second post I have seen in the past few weeks of auto Cap1 CLIs and changes. Are they loosening up their policies??

Re: Capital One Unexpected Limit Increase

Thomas_Thumb — Mon, 12 Feb 2024 15:59:20 GMT

@Iusedtolurk wrote:
I was checking my Cap1 statements for this month and noticed my Cash Advance Limits show they increased from 20 percent of cl to 100 percent on one card and from 10 percent to 60 percent of credit line on another.
I was wondering if anyone else experienced a change like this. One card just hit 7 years and the other 4 years.

Congrats! Never experienced a CAL increase like that. I've had plenty of CLIs but, I never get any CAL respect

Re: Capital One Unexpected Limit Increase

CorpCrMgr1 — Mon, 12 Feb 2024 17:04:07 GMT

@gorgon wrote:
This is at least the second post I have seen in the past few weeks of auto Cap1 CLIs and changes. Are they loosening up their policies??

We, including I, can only hope.

Re: Capital One Unexpected Limit Increase

pizzadude — Mon, 12 Feb 2024 18:01:44 GMT

Congrats ! Just to clarify Cap1 didn't increase your CLs, just your cash advance limits ?

Also will move this to CC Approvals forum.

Re: Capital One Unexpected Limit Increase

UH_HUH — Mon, 12 Feb 2024 18:05:35 GMT

@Iusedtolurk wrote:
I was checking my Cap1 statements for this month and noticed my Cash Advance Limits show they increased from 20 percent of cl to 100 percent on one card and from 10 percent to 60 percent of credit line on another. I was wondering if anyone else experienced a change like this. One card just hit 7 years and the other 4 years.

Congratulations on your success with Cap One @Iusedtolurk

I can not answer that question but glad they

gave you some luv :-)

Enjoy

Cheers

Re: Capital One Unexpected Limit Increase

youngandcreditwrthy — Mon, 12 Feb 2024 18:55:37 GMT

my c1 cash advance limit is 75% of the total limit which is odd bc of how high it is.

sometiems when you get CLIs, the system doesnt automtically increase the cash advance limit like it should, so like on my sync accounts for exmaple, I used to cll and tell them your system messed up and made them change it haha. They usually did. Congrats :-)

Re: Capital One Unexpected Limit Increase

Shooting-For-800 — Tue, 13 Feb 2024 04:13:11 GMT

Mine are:

$6.5k on $10k Savor

$10k on $10k QS

$9k on $30k Venture

How odd!

Never paid attention before.

Re: Capital One Unexpected Limit Increase

Zoostation1 — Tue, 13 Feb 2024 04:21:18 GMT

@IusedtolurkI had a similar situation where Capital One also increased my CALs on two of my three cards with them this month, though none of them had a CLI.

2yr old QS went from $1k CALto $2.3k CAL on a $2.3k CL.
roughly 1.5yr old SavorOne went from $1.5k CAL to a $3k on a $4.5k CL.
7mo old VX no change to $3k CAL on a $10k CL.

Re: Capital One Unexpected Limit Increase

Iusedtolurk — Wed, 14 Feb 2024 13:26:12 GMT

@pizzadude wrote:
Congrats ! Just to clarify Cap1 didn't increase your CLs, just your cash advance limits ?

Also will move this to CC Approvals forum.

@pizzadude Correct! No CLI just the increase for CAL was shown. Seemed odd to mebut with Cap1 anything goes.

For the heck of it just to see if it wasn't an error because I hadn't heard of this happening before I tried today to atm a CA and the ATM gave me a receipt saying Generic Error and no cash. Itried againwith the old small limit and it gave me that CA.

I will call Cap1 later to find out if it's a real CAL increase or some type of Error.

I remenber when they Unsecured my one card after 4 1/2 years and it still took 5 more months for my account to stop showing it was Secured.

Re: Capital One Unexpected Limit Increase

Iusedtolurk — Wed, 14 Feb 2024 13:30:15 GMT

@Zoostation1 wrote:
@IusedtolurkI had a similar situation where Capital One also increased my CALs on two of my three cards with them this month, though none of them had a CLI.
2yr old QS went from $1k CALto $2.3k CAL on a $2.3k CL.
roughly 1.5yr old SavorOne went from $1.5k CAL to a $3k on a $4.5k CL.
7mo old VX no change to $3k CAL on a $10k CL.

@Zoostation1 You are the first so far who has posted about the same CAL happening this month. As stated in earlier post of mines when I tried to utilize the new limit on both cards with the CAL increase both cards declined the transaction.

Re: Capital One Unexpected Limit Increase

NoMoreE46 — Wed, 14 Feb 2024 13:57:24 GMT

My QS is at 100% but my Savor is at less than 10%.

fyi, This post below discussed cash advance limits:

https://ficoforums.myfico.com/t5/Credit-Cards/Can-we-get-DPs-for-Cash-Advance-CA/m-p/6663143#M1845071

Re: Capital One Unexpected Limit Increase

BigBS — Mon, 26 Feb 2024 02:15:22 GMT

Congrats on the CLI!

Re: Capital One Unexpected Limit Increase

vinblastine — Thu, 07 Mar 2024 06:47:01 GMT

@Iusedtolurk wrote:
@Zoostation1 wrote:
@IusedtolurkI had a similar situation where Capital One also increased my CALs on two of my three cards with them this month, though none of them had a CLI.
2yr old QS went from $1k CALto $2.3k CAL on a $2.3k CL.
roughly 1.5yr old SavorOne went from $1.5k CAL to a $3k on a $4.5k CL.
7mo old VX no change to $3k CAL on a $10k CL.
@Zoostation1 You are the first so far who has posted about the same CAL happening this month. As stated in earlier post of mines when I tried to utilize the new limit on both cards with the CAL increase both cards declined the transaction.

I just noticed that 3 of my capital One cards have 100% cash advance limits. Before they were 50%. 2 limits at $3K and 1 at $4K. I did $26K in cash advances in 2023 at the casinos. Everi casino cash.

Re: Capital One Unexpected Limit Increase

NoMoreDebt — Fri, 08 Mar 2024 11:13:02 GMT

Congrats on the cli

Re: Capital One Unexpected Limit Increase

Anonymalous — Sat, 09 Mar 2024 20:12:37 GMT

@Iusedtolurk wrote:
I was checking my Cap1 statements for this month and noticed my Cash Advance Limits show they increased from 20 percent of cl to 100 percent on one card and from 10 percent to 60 percent of credit line on another. I was wondering if anyone else experienced a change like this. One card just hit 7 years and the other 4 years.

Interesting. I just checked my Quicksilver, and the cash advance limit is $3000. That's 90.9% of my CL.

I started with a CAL of $150, or 50% of my SL of $300. When my card was bumped from $300 to $3,300, I'm pretty sure the CAL remained $150. But at some point in the last 15 months, it's been increased. The card is a few months shy of 3 years old.

My guess is Cap1 makes money on cash advances, so they're stealthily trying to facilitate them.

Re: Capital One Unexpected Limit Increase

Anonymalous — Sat, 09 Mar 2024 20:35:05 GMT

@youngandcreditwrthy wrote:
my c1 cash advance limit is 75% of the total limit which is odd bc of how high it is.

sometiems when you get CLIs, the system doesnt automtically increase the cash advance limit like it should, so like on my sync accounts for exmaple, I used to cll and tell them your system messed up and made them change it haha. They usually did. Congrats :-)

I checked all my other cards as well. FNBO and Navy Fed increased my CALs when my CL increased, but Citi didn't.

Though if I were to call to have my CAL adjusted, I wouldn't ask them to increase it. I'd have to it set to $0.