topic Re: Cap 1 cli in Credit Card Applications

Cap 1 cli

kugel — Fri, 07 Jul 2017 20:53:57 GMT

My last cli with cap1 quick silver was Jan 7 so today was 6 months and pulled the the trigger got the message we will mail u the decision
I guess it's a denial
I have this card for a year now
do I need to wait for tomo ?

My venture card was 2 months ago at sixth month and was denied for cli they gave me this funny reason that they cannot get my credit info
Since than I am trying the cli every week last week at 8 month got it went from 8k to $9.500
So they act strange

Re: Cap 1 cli

Anonymous — Sun, 09 Jul 2017 03:27:46 GMT

I heard and can confrim this happening to me that they like heavy use on their cards. When you got the approvals, did you use the cards a lot in recent months? Try using it a lot for a couple months and then apply for the increase again.

Re: Cap 1 cli

kugel — Mon, 10 Jul 2017 16:42:44 GMT

I got a message from cap1 that's the reason I didn't get
Is because of low usage
If I start using it now allot will I get one in a month or 2 or need to wait another 6 months??

Re: Cap 1 cli

kugel — Mon, 10 Jul 2017 20:41:09 GMT

Re: Cap 1 cli

Anonymous — Mon, 10 Jul 2017 22:04:05 GMT

Use it steadily, and request it in about 30 days. You may get it then, or you may have to use it for another month or two... Depends on what Capital One is looking for from you. Luckily, their requests are soft pulls, so you won't hurt yourself asking each month until you get it.

Re: Cap 1 cli

stinastina — Tue, 25 Jul 2017 02:19:07 GMT

@Anonymous wrote:
Use it steadily, and request it in about 30 days. You may get it then, or you may have to use it for another month or two... Depends on what Capital One is looking for from you. Luckily, their requests are soft pulls, so you won't hurt yourself asking each month until you get it.

Should you pay down your balance before asking for a cli ? I use mine heavily but I was wondering if I should ask when the balance was low or does it matter ?

Re: Cap 1 cli

Anonymous — Tue, 25 Jul 2017 14:13:02 GMT

@stinastina wrote:
@Anonymous wrote:
Use it steadily, and request it in about 30 days. You may get it then, or you may have to use it for another month or two... Depends on what Capital One is looking for from you. Luckily, their requests are soft pulls, so you won't hurt yourself asking each month until you get it.
Should you pay down your balance before asking for a cli ? I use mine heavily but I was wondering if I should ask when the balance was low or does it matter ?

I believe this is a YMMV situation. I have seen people posting about getting CLI from having between 1-20% uti - I saw someone post a couple days a go they were at 65% and got there CLI. I am waiting until my August statement cuts and then I will try my luck. Good luck

Re: Cap 1 cli

stinastina — Tue, 25 Jul 2017 14:22:48 GMT

@Anonymous wrote:
@stinastina wrote:
@Anonymous wrote:
Use it steadily, and request it in about 30 days. You may get it then, or you may have to use it for another month or two... Depends on what Capital One is looking for from you. Luckily, their requests are soft pulls, so you won't hurt yourself asking each month until you get it.
Should you pay down your balance before asking for a cli ? I use mine heavily but I was wondering if I should ask when the balance was low or does it matter ?
I believe this is a YMMV situation. I have seen people posting about getting CLI from having between 1-20% uti - I saw someone post a couple days a go they were at 65% and got there CLI. I am waiting until my August statement cuts and then I will try my luck. Good luck

Tanks and good luck to you, too. I gave the luv button a push and got the 2-3 day message. I'm going to wait untl my statement cuts on the 3rd and try again.

Re: Cap 1 cli

boober — Sat, 02 Sep 2017 15:24:52 GMT

So what counts as heavy usage? Can maxxing it out via BT's count? Or is it mainly just buying stuff constantly?

I've maxed my card out at least 7 times to BT's and always paid on time.

I've been trying forever to get a CLI on mine and I've gotten denied every single time. My accounts about 2 years old. I've gotten every ridiculous reason for denial you can think of. Some of the reasons are actually contradictory to my usage on my card so it doesn't make sense.

Re: Cap 1 cli

Jerry45 — Sat, 02 Sep 2017 15:37:16 GMT

@kugel wrote:
My last cli with cap1 quick silver was Jan 7 so today was 6 months and pulled the the trigger got the message we will mail u the decision
I guess it's a denial
I have this card for a year now
do I need to wait for tomo ?

My venture card was 2 months ago at sixth month and was denied for cli they gave me this funny reason that they cannot get my credit info
Since than I am trying the cli every week last week at 8 month got it went from 8k to $9.500
So they act strange

Had my Venture 2 years, and Nada. Always a weird excuse for denial

Re: Cap 1 cli

Anonymous — Sat, 02 Sep 2017 19:21:42 GMT

It seems like Cap1 is weird with any CLI approval or denial. I had 3 cards with them and initially I was getting CLI on them about every 6 months and then they stopped.

I just decided to just combine them for 1 card with a decent limit but the denials I always got were that the monthly payments were too low.

I've been doing $300+ payments every month since the combination so hopefully at the 6 month mark it'll grow!!

Re: Cap 1 cli

Anonymous — Mon, 04 Sep 2017 15:49:05 GMT

I started working on my credit about 11 months ago and I started with a Platinum with a $300 limit. I make payments almost every other week and added a QS1 to my profile in April. That was a $1000 limit. My statement cut on my Platinum around the same time and I got an auto increase to $500. I upgraded to a QS and I haven't been able to get a CLI since. I hit the luv button taday on my QS1 and got a $100 increase. Went to do the same on the QS and to my surprise, my limit was already $1000 higher. I'm excited to see how the increase in credit plus decrease in utilization will affect my score.