topic Re: Cap 1 CLI denial AGAIN in Credit Card Applications

Cap 1 CLI denial AGAIN

Anonymous — Thu, 14 Dec 2017 12:16:39 GMT

I burned my bridges with cap one back in 2012 when I was just 18. Late 2015 they approved me for Plat Secured of $200 initial limit. 6 months later went up to $500 and in Sept 2016 they auto CLI me to $1,250. That card I had upgraded to Quicksilver about 4 moths ago. I haven’t had any lates to Cap 1 or my other 4 cards ranging from my credit union to chase to Amex. (Have 5 cards total) also have a car loan. Which has never been late in that either.

I balanced transferred other cards to my cap one which ended up being CLOSE to maxed. Made payments more than min, Then Transferred to my higher limit chase and continue to make all payments on all cards on time. My FICO scores range from 660-695.

UTL is about 30% total. Apparently the love button from cap one is a fail every time. It just gives a message that says to check in a few days to see what the decision says (most likely a no) Is it worth keeping? It’s only open right now as it’s my oldest card.

Re: Cap 1 CLI denial AGAIN

LCC_mk14 — Thu, 14 Dec 2017 13:55:02 GMT

From what I’ve learned from others here and from my own experiences, Cap 1 can be hard to move with sometimes based on the type of card you have. Since yours started as secured, that’s likely the issue. My cap one started as a platinum with 2K starting, and only received 2 auto CLI to 5K and then 7.3K. It hasn’t moved since then, which was about 2 years ago. I think I’m capped as well.
Instead of closing it, you could app for another card and combine the limits. That would probably do more good if you like having cap one in your wallet.
Also, what are your reasons for denial that they give in the document?

Re: Cap 1 CLI denial AGAIN

Anonymous — Thu, 14 Dec 2017 20:31:15 GMT

I can app and combine limits with cap one? Think getting another Quicksilver I’ll be approved? My card options aren’t real open with them. It’s either that or a regular plat.

I have gotten denial reason of. “Loan balances. And serious delinquency” only lates on my report were from when I was 18 and those were like 180+ days behind. But everything is cleaned up on my report now.

Re: Cap 1 CLI denial AGAIN

sid33 — Thu, 14 Dec 2017 21:24:56 GMT

Usually if you are in a subprime status when you get a cap1 card, it's hard to get the card to grow. Best bet, if your score has changed a lot, is to app for a new card. Then you can combine them. But, before you give up 3 HP's with cap1, you might want to see if there is a better card suited for your needs with another vendor. There are better cards out there.

Re: Cap 1 CLI denial AGAIN

Anonymous — Thu, 14 Dec 2017 22:09:28 GMT

Thanks for that. I’ve simulated my score with dropping my UTL to about 5% and score is sim to 720s. Not sure how accurate it is. If down the road I do app another cap one card and combine them will it still be my “oldest” card or will it be completely new and that old card is no longer showing that’s the one I had the longest? I’m pretty happy with the other 4 cards I have. Just seeing what options I have to get a CLI from cap one.

Re: Cap 1 CLI denial AGAIN

LCC_mk14 — Fri, 15 Dec 2017 00:05:57 GMT

It will remain your oldest card if you combine the limits into that card and not the new card.

It wouldn't change any of the account dates on that particular card. The new card deos have to be at least 6 months old before you can combine.

If you're happy with your current cards its a good way to go IMO.

You can check their pre-qual now and later just to see what pops up for you to try to get an idea. 720 scores later on would get you a decent line.

Re: Cap 1 CLI denial AGAIN

BNA111 — Sat, 28 Apr 2018 04:31:06 GMT

What am I doing wrong... I literally just requested for a CLI on my CO Sec Platinum card and got denied.

I got the notice saying that since it is a "secured card," the account is not eligbile for a credit limit increase because unsecured credit limit increases are not available for secured cards????

Has anyone else encountered this issue with CAP1 Sec CC?

I have had the card for about a year now... and was just recently approved for the Cap1 QS Unsecured card yesterday.. not sure if that affects the CLI I requested for the secured card.

Re: Cap 1 CLI denial AGAIN

kshurika — Sat, 28 Apr 2018 06:22:56 GMT

CO will never raise the credit limit on a secured card beyond the auto-CLIs they gave you. CO is very stodgy and old-school. They'll probably still be in business at the end of the world.

Re: Cap 1 CLI denial AGAIN

BNA111 — Sat, 28 Apr 2018 06:58:54 GMT

haha good to know !

I guess I just have to wait until I can get a CLI on my QS1.

Re: Cap 1 CLI denial AGAIN

Anonymous — Sat, 28 Apr 2018 07:02:45 GMT

Once the card goes unsecured you can transfer the limit to your QS1

Re: Cap 1 CLI denial AGAIN

kshurika — Sat, 28 Apr 2018 07:10:26 GMT

They'll also never graduate your Platinum. My record's pristine and my FICOs are in the mid-700s to 800s. They won't do it. I look at my secured Platinum in the sock drawer as a reminder of the old days. I'd get out of that AF QS1 and see if you can PC it into a Quicksilver.

Re: Cap 1 CLI denial AGAIN

BNA111 — Sat, 28 Apr 2018 08:40:29 GMT

GREAT! Thanks for letting me know!

Re: Cap 1 CLI denial AGAIN

Brian_Earl_Spilner — Sun, 29 Apr 2018 02:57:15 GMT

I've given up on Cap1. Had my QS1 for almost 4 years and only received 2 increases, both auto. When I try, my reasons for denial are average monthly payment too low and use of existing limit is too high. I have no idea what they're talking about. It had a 0 balance on it until about 30 mins ago, and I always pay between 4-16x the minimum payment. When I called in, they couldn't understand why I wasn't getting approved and had to escalate it. That was a week ago, no call back or email. Over it.

Re: Cap 1 CLI denial AGAIN

Anonymous — Mon, 30 Apr 2018 14:30:58 GMT

Hi All... I've had a Cap1 cards for almost 4 years now.

It started as a Plat in the Steps program and several months down the road was PC'd into a QS and eventually grew to a sl of $4500. In the middle of 2016 I had a financial rough spot and carried a $3k+ balance with them for quite a while.

They stuck it out with me as I never missed a payment. I consistantly paid the minimum payment + the interest and rounded up every month. I eventually got my financial footing and paid down my balance to $0.

I asked for a CLI they said no, asked again 3 months later they said no. Stating reasons why ~ payments to low etc. Even when I was spending 800+ a month and paying it off in full.

So, I stopped using it except for a $10 monthly repeator charge which gets auto paid the day is posts. Into the SD it went. A couple months later I got a CLI to $7500. It's still in the SD. Discover is my DD now.

Re: Cap 1 CLI denial AGAIN

Washin17 — Mon, 30 Apr 2018 15:18:25 GMT

Im in the same boat here. I have two cards, both are QS1 $500 and $750 CL. Ive been on auto payments and can agree that Ive always carried a high balance. I dont recall if Ive ever missed payments but I do know that it hasnt been in the last 4 years because Ive been on auto payments. Going back to when I opened this card in 2009 I probably wasnt the best with my credit. Fast forward to the last few months, Ive paid in full, tried not paying in full, and still cant get them to budge. My fico scores are 700, 715, 711 and I cant get a single CLI. Very frustating. I cant even get a product change!

Re: Cap 1 CLI denial AGAIN

Anonymous — Mon, 30 Apr 2018 15:29:18 GMT

So sorry to hear. With Cap 1, you just need to apply for a new card, imho. I had a secured card during my rebuild and while it helped to get me started it was useless to have a reasonable CL or an increase. I applied for a new card and was pleased with the result. Then I closed the older secured card.

Re: Cap 1 CLI denial AGAIN

Anonymous — Mon, 30 Apr 2018 15:58:16 GMT

I won't apply for any other Cap one cards. It would be three hard pulls. AND who knows what bucket I would end up in.

I would rather app 3 others other cards at one hard pull each. I have my eye on the USB Cash+ next. My TU fico 4 is 800 and they are my main bank. I've banked wit them 10+ years. I am 98% sure I would do way better with USB.

Re: Cap 1 CLI denial AGAIN

Washin17 — Mon, 30 Apr 2018 16:24:23 GMT

@Anonymous wrote:
I won't apply for any other Cap one cards. It would be three hard pulls. AND who knows what bucket I would end up in.
I would rather app 3 others other cards at one hard pull each. I have my eye on the USB Cash+ next. My TU fico 4 is 800 and they are my main bank. I've banked wit them 10+ years. I am 98% sure I would do way better with USB.

I agree 100%. I can app for another card. I guess ill just hold on to them. I was actually thinking of closing them. I dont want to keep paying the AF.