topic Re: Capital One is being stingy with my credit limit... in Credit Card Applications

Capital One is being stingy with my credit limit...

Anonymous — Sun, 03 Dec 2017 23:40:21 GMT

On several occasions I've requested a CLI from Cap One and every time I've been denied. Their reason is I don't use enough of my credit (8.5k). I pay the balance in full every month but I'm wondering how much I'd have to spend for them to budge.

Re: Capital One is being stingy with my credit limit...

JR_TX — Sun, 03 Dec 2017 23:56:22 GMT

@Anonymous wrote:
On several occasions I've requested a CLI from Cap One and every time I've been denied. Their reason is I don't use enough of my credit (8.5k). I pay the balance in full every month but I'm wondering how much I'd have to spend for them to budge.

I was getting same exact message from them on all my CLI apps aImost a year ago then tried spending $500-$850 a month then PIF before statement cuts. CLI Approved about 3 months ago from $10.5 to $12K.

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 00:54:50 GMT

They will deny you if you don't use their card enough and will deny you if you use it too much. I was recently denied for high usage on the card.

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 00:51:55 GMT

Those monsters and the games they play to get their sick kicks

@Anonymous wrote:
They will deny you if you don't use their card enough and will deny you if you use it too much. I was recently for high usage on the card.

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 01:12:26 GMT

Seriously!

Re: Capital One is being stingy with my credit limit...

Shooting-For-800 — Mon, 04 Dec 2017 01:37:04 GMT

@Anonymous wrote:
They will deny you if you don't use their card enough and will deny you if you use it too much. I was recently denied for high usage on the card.

high usage or high balances?

I use my cap one for everything ($4k-$8k per month) and got a $9k CLI and a new $30k card.

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OP, sometimes it is easier to just open an additional card if your credit has improved (50+ points) and you can not get CLI. Cap One has tiers that are not able to be changed most of the time. They will however give you a better card in a better tier if you now qualify for it.

Many have found approval on their highest CL on a new card after being denied for CLI.

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 01:47:22 GMT

@Shooting-For-800 wrote:
@Anonymous wrote:
They will deny you if you don't use their card enough and will deny you if you use it too much. I was recently denied for high usage on the card.

high usage or high balances?

I use my cap one for everything ($4k-$8k per month) and got a $9k CLI and a new $30k card.

-------

OP, sometimes it is easier to just open an additional card if your credit has improved (50+ points) and you can not get CLI. Cap One has tiers that are not able to be changed most of the time. They will however give you a better card in a better tier if you now qualify for it.

Many have found approval on their highest CL on a new card after being denied for CLI.

It was high balance, I was at 65% utilization but I had paid it down to 40% and still got denied with same reason code.

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 01:52:57 GMT

I'll keep that in mind. Thank you!

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 02:20:06 GMT

Check out the Credit Card forum and search for Capital One AA or Capital One CLD. Capital One is acting a little strange lately by decreasing credit lines of people that do not use their cards often. About a year-and-a-half ago they were being overly generous and now they are reeling it in.

Your $8,500 limit is actually pretty good for a Capital One card. How much of that limit are you using each month? If you only use $1K-2K then Capital One is correct in stating that you do not use your current line and they feel that your current limit is adquate. If you are looking for more padding you would be better off taking the hit on TU to increase your wee BofA card limit and then do the 3X increase on your Amex HHonors card.

Things go in waves...right now Capital One is tightening their purse strings. Give it another year or so and they may become generous again.

Re: Capital One is being stingy with my credit limit...

Anonymous — Mon, 04 Dec 2017 02:35:30 GMT

I have been at $500 for the longest on my QS1. Just upgraded the plaitinum to QS and they raised my limit from $300 to $400. I will start using my Amex delta gold and discover it more and stop using capital one.

Re: Capital One is being stingy with my credit limit...

Anonymous — Tue, 05 Dec 2017 00:46:00 GMT

I have pretty much left Cap1alone. I don't like the idea that they will not reduce the APR beyond seven months.

Re: Capital One is being stingy with my credit limit...

Shooting-For-800 — Tue, 05 Dec 2017 11:36:49 GMT

You APR and CL ceiling are based on your credit when you opened the card.

If credit is now 50+ higher, you would probably get higher limit and lower apr on a new card.

Two of my Cap Ones are 21% but my newest is 13.99%.

Re: Capital One is being stingy with my credit limit...

Anonymous — Tue, 05 Dec 2017 12:55:54 GMT

I got denied a Cap One CLI for not using the card enough and then a day later over the phone they approved me upgrading from Cap One Plat to QS. They told me to hit the button again if I want a higher limit but wait untill I use the card for 3 months . I have been stuck at 10k and the rest of my chase , disco and amex cards are 20k.

Re: Capital One is being stingy with my credit limit...

Anonymous — Tue, 05 Dec 2017 20:23:02 GMT

They can be stingy with CLI if you don't use the card much. Open a new card then combine limits to one or the other.

Re: Capital One is being stingy with my credit limit...

Anonymous — Fri, 08 Dec 2017 14:55:00 GMT

I'm stuck at $4500 on my QS, which was originally a platinum steps cards. I've been there since summer 2016. I've never asked for a CLI and they stopped auto increasing it. My scores are lots high than they use to be so I will have to app for a new Cap1 card at this point. I'm just not sure they are the right fit for me.

Re: Capital One is being stingy with my credit limit...

Anonymous — Fri, 08 Dec 2017 16:16:31 GMT

@Anonymous wrote:
I'm stuck at $4500 on my QS, which was originally a platinum steps cards. I've been there since summer 2016. I've never asked for a CLI and they stopped auto increasing it. My scores are lots high than they use to be so I will have to app for a new Cap1 card at this point. I'm just not sure they are the right fit for me.

So you want a CLI but you've never asked for one? Go ask for one and see what happens.

Re: Capital One is being stingy with my credit limit...

JimmyWayne — Wed, 13 Dec 2017 04:58:43 GMT

My limit on my QS1 has been $1250 for over a year. Perfect payment history, PIF every month. My score is almost 100 points more than it was when I first got the card. Every time I ask for a CLI it's some crap reason that doesn't make sense. As a matter of fact, they totally removed the request CLI option on my account. lol!! That card is now in the SD and will remain there.

Re: Capital One is being stingy with my credit limit...

Shooting-For-800 — Wed, 13 Dec 2017 20:06:39 GMT

@JimmyWayne wrote:
My limit on my QS1 has been $1250 for over a year. Perfect payment history, PIF every month. My score is almost 100 points more than it was when I first got the card. Every time I ask for a CLI it's some crap reason that doesn't make sense. As a matter of fact, they totally removed the request CLI option on my account. lol!! That card is now in the SD and will remain there.

If your score is really 100 points higher than it was when you opened the card and you have a decent income, you could just apply for another Cap One card and get one in a higher tier. Cards have glass ceilings. I would not be suprised if your new card was $10,000 SL or higher.

Re: Capital One is being stingy with my credit limit...

Anonymous — Wed, 13 Dec 2017 22:21:33 GMT

When I wanted my limit increased from $4k, I shifted all my spending on my Capital One card, which was around $1k per month, and requested a CLI every 6 months. It went up by about $3k every CLI and now it's at $17k. At the same time, I pretty much stopped using my Discover card except for a few meals per month and they had no problem giving me massive CLI. It worked out for both cards.

Re: Capital One is being stingy with my credit limit...

Anonymous — Wed, 13 Dec 2017 22:49:33 GMT

@Anonymous wrote:
When I wanted my limit increased from $4k, I shifted all my spending on my Capital One card, which was around $1k per month, and requested a CLI every 6 months. It went up by about $3k every CLI and now it's at $17k. At the same time, I pretty much stopped using my Discover card except for a few meals per month and they had no problem giving me massive CLI. It worked out for both cards.

Congratulations! That's the way to do it