topic Re: What the Heck?? in Credit Card Applications

What the Heck??

2BrownDogs — Wed, 18 May 2016 21:54:06 GMT

Recently PC'd a Platinum that is over a year old to a QS. Started pressing the LUV button and was getting offered a $160 CLI each time I checked. Went in today and checked again and got this...what the heck??

Re: What the Heck??

Anonymous — Wed, 18 May 2016 22:10:17 GMT

I don't understand the question. It looks like a no to me.

Re: What the Heck??

grillandwinemaster — Wed, 18 May 2016 22:20:57 GMT

Sounds like a no to me as well.

Re: What the Heck??

2BrownDogs — Thu, 19 May 2016 00:24:33 GMT

This is so frustrating. I have NEVER missed a payment. Have PIF. For the last 2 weeks they have been offering a $160 CLI...then today declined with a 2-3 day message. GRRRRR!!!

Re: What the Heck??

Anonymous — Thu, 19 May 2016 00:29:54 GMT

We know this isn't the answer you were hoping to hear. DENIAL

Re: What the Heck??

Anonymous — Thu, 19 May 2016 04:27:00 GMT

@2BrownDogs wrote:
This is so frustrating. I have NEVER missed a payment. Have PIF. For the last 2 weeks they have been offering a $160 CLI...then today declined with a 2-3 day message. GRRRRR!!!

Were they offering you the $160 before or after you PC'd the card?

Re: What the Heck??

creditguy — Thu, 19 May 2016 04:56:15 GMT

Well unfortunately this is what happens sometimes. There is this urban legend that if you keep hitting the LUV button and refuse the CLI it will get bigger each time, well sometimes that's true and sometimes they rescind the CLI offer altogether, that's the chance you take, just like spinning a roulette wheel. On a side note if you were getting the CLI offers before you PC'd you may have to wait six months after the PC to be granted a new CLI, they have a six month rule after a change has been made to an account.

Re: What the Heck??

ddemari — Thu, 19 May 2016 12:25:22 GMT

I agree with the combine fact and you can't get a CLI got for 6 months but today for me I tried to accept the CLI on my quicksilver visa that has been there for 2 weeks and each time I hit accept it said error.
Today I tried again and it gave me that message, I was annoyed!

Re: What the Heck??

2BrownDogs — Thu, 19 May 2016 22:30:47 GMT

@Anonymous wrote:
@2BrownDogs wrote:
This is so frustrating. I have NEVER missed a payment. Have PIF. For the last 2 weeks they have been offering a $160 CLI...then today declined with a 2-3 day message. GRRRRR!!!
Were they offering you the $160 before or after you PC'd the card?

Yes. They offered the $160 AFTER the PC to QS.

Re: What the Heck??

2BrownDogs — Thu, 19 May 2016 22:32:58 GMT

@creditguy wrote:
Well unfortunately this is what happens sometimes. There is this urban legend that if you keep hitting the LUV button and refuse the CLI it will get bigger each time, well sometimes that's true and sometimes they rescind the CLI offer altogether, that's the chance you take, just like spinning a roulette wheel. On a side note if you were getting the CLI offers before you PC'd you may have to wait six months after the PC to be granted a new CLI, they have a six month rule after a change has been made to an account.

Interesting. I'm curious to see their reason in the letter. Will report back as soon as it is posted.

Re: What the Heck??

Anonymous — Thu, 19 May 2016 22:36:59 GMT

@2BrownDogs wrote:
@Anonymous wrote:
@2BrownDogs wrote:
This is so frustrating. I have NEVER missed a payment. Have PIF. For the last 2 weeks they have been offering a $160 CLI...then today declined with a 2-3 day message. GRRRRR!!!
Were they offering you the $160 before or after you PC'd the card?
Yes. They offered the $160 AFTER the PC to QS.

Ok thanks, I guess my theory is out then. I would just wait a few weeks and try again. I know many people have been having issues with Cap1's website lately, so hopefully that's all it is for you.

Re: What the Heck??

thummel — Thu, 19 May 2016 23:56:55 GMT

What kind of limit do you have on that card if I might ask? 160 seems like a weird number.

Re: What the Heck??

2BrownDogs — Fri, 20 May 2016 00:06:33 GMT

@thummel wrote:
What kind of limit do you have on that card if I might ask? 160 seems like a weird number.

Initial CL was $1000 and got the $500 CLI after 5th statement. The card is about a year old. Always paid way more than the minimum and also several times a month. Just recently got approved for a new card with a $3K CL. I was getting the offer for the $160 CLI even after the new account was issued and activated, so I don't think that could be the issue. Well.....actually I have no idea what the issue is. LOL!! Credit sccores have all increased....no new baddies....

Re: What the Heck??

Anonymous — Fri, 20 May 2016 21:43:06 GMT

@creditguy wrote:
Well unfortunately this is what happens sometimes. There is this urban legend that if you keep hitting the LUV button and refuse the CLI it will get bigger each time, well sometimes that's true and sometimes they rescind the CLI offer altogether, that's the chance you take, just like spinning a roulette wheel. On a side note if you were getting the CLI offers before you PC'd you may have to wait six months after the PC to be granted a new CLI, they have a six month rule after a change has been made to an account.

CLI's are not affected by the QS rewards upgrade. I've always gotten the upgrade prior to the early CLI.

Re: What the Heck??

Anonymous — Fri, 20 May 2016 21:44:53 GMT

@2BrownDogs wrote:
@thummel wrote:
What kind of limit do you have on that card if I might ask? 160 seems like a weird number.
Initial CL was $1000 and got the $500 CLI after 5th statement. The card is about a year old. Always paid way more than the minimum and also several times a month. Just recently got approved for a new card with a $3K CL. I was getting the offer for the $160 CLI even after the new account was issued and activated, so I don't think that could be the issue. Well.....actually I have no idea what the issue is. LOL!! Credit sccores have all increased....no new baddies....

How much usage per month? Heavy usage is one of the things Cap One bases their CLI's on.

Re: What the Heck??

2BrownDogs — Fri, 20 May 2016 21:54:53 GMT

@Anonymous wrote:
@2BrownDogs wrote:
@thummel wrote:
What kind of limit do you have on that card if I might ask? 160 seems like a weird number.
Initial CL was $1000 and got the $500 CLI after 5th statement. The card is about a year old. Always paid way more than the minimum and also several times a month. Just recently got approved for a new card with a $3K CL. I was getting the offer for the $160 CLI even after the new account was issued and activated, so I don't think that could be the issue. Well.....actually I have no idea what the issue is. LOL!! Credit sccores have all increased....no new baddies....
No letter yet from Cap One regarding the CLI decision. Did have an odd identity verification through the App today though.

Re: What the Heck??

2BrownDogs — Sat, 21 May 2016 21:55:15 GMT

Do you all know, does Cap 1 SP a Fico8 score for CLI's?? Or do the pull a different score?

Re: What the Heck??

SouthJamaica — Sun, 22 May 2016 14:14:40 GMT

@2BrownDogs wrote:
Recently PC'd a Platinum that is over a year old to a QS. Started pressing the LUV button and was getting offered a $160 CLI each time I checked. Went in today and checked again and got this...what the heck??

I'm guessing you've got a letter saying this isn't the news you want to hear, but your request is declined because account is too new. It's probably up there already under "documents".

Re: What the Heck??

2BrownDogs — Mon, 23 May 2016 19:49:38 GMT

So I got the decision from Cap 1. They stated that the credit score was too low. However the credit score they listed on the letter as their basis for denial is not even in the ballpark of where my current scores are. (I have daily monitoring) Do you know, do they use a score other than the Fico8 for CLI approvals?

Re: What the Heck??

Anonymous — Mon, 23 May 2016 19:51:24 GMT

@2BrownDogs wrote:
So I got the decision from Cap 1. They stated that the credit score was too low. However the credit score they listed on the letter as their basis for denial is not even in the ballpark of where my current scores are. (I have daily monitoring) Do you know, do they use a score other than the Fico8 for CLI approvals?

I believe they use Fico 4