topic Re: Capital One CLI in Credit Card Applications

Capital One CLI

mspenny — Mon, 19 Feb 2018 01:16:58 GMT

What are the odds of me getting a SP Capital One Quicksilver CLI. I have a secured platinum with them too, always PIF. Recently paid quicksilver off. Both have 0 bal.

Re: Capital One CLI

simplynoir — Mon, 19 Feb 2018 01:20:49 GMT

CapOne likes to see usage on their cards so if you've used your card a lot you can expect a CLI from them. Also, considering they're a SP for it anyways there's no harm in asking and it should it not be to your liking you can decline it and try again hoping for a bigger amount at a later date.

Re: Capital One CLI

Anonymous — Mon, 19 Feb 2018 01:27:57 GMT

@simplynoirwrote:
CapOne likes to see usage on their cards so if you've used your card a lot you can expect a CLI from them. Also, considering they're a SP for it anyways there's no harm in asking and it should it not be to your liking you can decline it and try again hoping for a bigger amount at a later date.

Do you know what bureau Cap One pulls for their CLI?

Re: Capital One CLI

simplynoir — Mon, 19 Feb 2018 01:38:54 GMT

@Anonymouswrote:
@simplynoirwrote:
CapOne likes to see usage on their cards so if you've used your card a lot you can expect a CLI from them. Also, considering they're a SP for it anyways there's no harm in asking and it should it not be to your liking you can decline it and try again hoping for a bigger amount at a later date.
Do you know what bureau Cap One pulls for their CLI?

They rely more on their internal scoring system because they like for you to show usage on their cards, big payments and so on before giving any sizable limits. But I'm assuming they use SPs on all 3 of your reports just the same as they HP all 3 for any card you apply for. Their "criteria" is on their website if you want to take a quick look.

https://www.capitalone.com/credit-cards/credit-line-increase/

Re: Capital One CLI

SomewhereIn505 — Mon, 19 Feb 2018 01:39:28 GMT

Not off hand. But if your denied, you’ll get a 2 or 3 day message with an email confirmation where you can look at the reasons.

Re: Capital One CLI

Anonymous — Mon, 19 Feb 2018 01:49:17 GMT

@mspennywrote:
What are the odds of me getting a SP Capital One Quicksilver CLI. I have a secured platinum with them too, always PIF. Recently paid quicksilver off. Both have 0 bal.

What is the credit limit on the Quicksilver and how long have you had it?

Re: Capital One CLI

Anonymous — Mon, 19 Feb 2018 02:24:00 GMT

I was wondering how long you have had it too. And if you have had a increase yet either requested by you or automatic? I may be wrong but I think it has to be 6 months? In between cli’s? When I got my qs1 I got my steps at 6 months and could not get another increase till it was over a yearold

Re: Capital One CLI

Anonymous — Mon, 19 Feb 2018 03:01:01 GMT

@Anonymouswrote:
I was wondering how long you have had it too. And if you have had a increase yet either requested by you or automatic? I may be wrong but I think it has to be 6 months? In between cli’s? When I got my qs1 I got my steps at 6 months and could not get another increase till it was over a yearold

what is stated above is true. So OP how long have you had the card or when was your last requested CLI? Auto CLIs don't count. But you have to have had the account open for at least 6 months and CLI are only able to get every 6 months. So you have to go based off of that data. As for the bureau I think its TU but cant say for sure. But that's whose score they show you on their credit wise app. If your not sure then check all 3 CB reports and see when and where they did last SP on you .

Re: Capital One CLI

mspenny — Mon, 19 Feb 2018 03:45:20 GMT

2k, 2 yrs.

Re: Capital One CLI

mspenny — Mon, 19 Feb 2018 03:47:45 GMT

2 yrs. requested CLI 1 yr ago

Re: Capital One CLI

Anonymous — Mon, 19 Feb 2018 03:51:32 GMT

Ok. Well then get in a time machine, go back 6 months, and request a CLI. Lol jk .You are good to go. How much did you plan to request?

Edit: And what are your current scores like? Either way it doesnt matter .Cap1 uses an internal scoring system as well so as long as youve had a good relationship with them and had no recent late payments in the last year your good to go. Id ask for at least 6k if I were you. But it's all up to you .

Re: Capital One CLI

simplynoir — Mon, 19 Feb 2018 04:58:10 GMT

You can't request a certain limit unless something has changed; I admittedly haven't requested one from them in awhile. You just input your income and a few other things and then the computer spits out the CLI they're willing to give you to accept or decline.

Re: Capital One CLI

Anonymous — Mon, 19 Feb 2018 15:05:33 GMT

I just tried and received the 2-3 day message.

Re: Capital One CLI

simplynoir — Mon, 19 Feb 2018 17:06:31 GMT

Sorry to hear that. They'll send you an electronic message you can check on your online account to see the reason(s) for the decline.

Re: Capital One CLI

Anonymous — Tue, 20 Feb 2018 20:23:37 GMT

For the record, it's 3 months after account opening, 6 months after CLI and no time limit after denial.

Re: Capital One CLI

Nikame81 — Fri, 23 Feb 2018 00:04:51 GMT

Capital one never approves my increases. I use the heck out of my card. They always give me different excuses. One was actually using my card too much...smh. I only got one increase, which was the credit steps after six months.

Re: Capital One CLI

Anonymous — Sat, 24 Feb 2018 03:59:13 GMT

I have 2 Cap One cards and they rarely give credit increases to me, I was shocked that my 1 card I just got an automatic increase of $500, then I thought I would try for one on my other card that only has $1,000 cl, so they gave me a measley $100 increase. Not very generous.

Re: Capital One CLI

mspenny — Tue, 27 Feb 2018 18:42:15 GMT

They shot me down too! Stated balances too high on existing accts, and monthly payments were too low. WTH are they talking about when my existing accounts are with them!! and I just paid them off after always making more than minimum payments on time.

Re: Capital One CLI

HeavenOhio — Wed, 28 Feb 2018 01:06:27 GMT

Minimum payments aren't enough to please lenders. Payments should be substantially over the minimum. Or better, one should be in the habit of paying in full. Capital One in particular likes paying in full.

That said, a denial doesn't reset the clock for future CLI requests. After a couple of months of paying in full, try again. You might be pleasantly surprised.