topic Re: CapitalOne CLI question in Credit Card Applications

CapitalOne CLI question

SFLSpotter9210 — Fri, 06 Sep 2019 00:40:14 GMT

I hit the luv button yesterday through their website. And I got a 2-3 day notice. I got a reply document that stated I was denied and for the reason of not enough experience with existing credit line whatever that means. So I call CSR and nice lady says that I may want to wait a bit longer and reapply for an increase. My statement cuts tonight. Did she refer to trying again after I statement cuts or try again next month. Some data points I PIF every month so carrying a balance isn’t an issue. And I’ve had them for about 3-4 years now and never been late. So my question is should I hit the luv button through their mobile app next week or wait until next month or longer. Thanks in advance for your replies.

Re: CapitalOne CLI question

JourneyStartsNow — Fri, 06 Sep 2019 00:46:05 GMT

When was your last CLI on that particular card?

Re: CapitalOne CLI question

SFLSpotter9210 — Fri, 06 Sep 2019 00:47:17 GMT

March 1st 2019.

Re: CapitalOne CLI question

AverageJoesCredit — Fri, 06 Sep 2019 00:58:16 GMT

How much spend have you put on it last 3 months?

Re: CapitalOne CLI question

SFLSpotter9210 — Fri, 06 Sep 2019 01:02:08 GMT

1,500-2,000 estimated.

Re: CapitalOne CLI question

Anonymous — Fri, 06 Sep 2019 01:09:05 GMT

Hit the LUV button tomorrow... 6 months is the accepted timeframe around these parts for Cap1 CLI.

Re: CapitalOne CLI question

SFLSpotter9210 — Fri, 06 Sep 2019 01:11:01 GMT

Their using EQ for SP too just for some more data points which is my best CR Fico score. Ok sounds like a plan thx.

Re: CapitalOne CLI question

Anonymous — Fri, 06 Sep 2019 01:18:44 GMT

FYI, the CSRs are not allowed to tell you when the next CLI is available but if you front load the question they will most likely infer what you require. "So... if I try tomorrow I'll probably have better luck?" Never hurts to try....

Re: CapitalOne CLI question

SFLSpotter9210 — Fri, 06 Sep 2019 02:00:24 GMT

Got ya thx 👍

Re: CapitalOne CLI question

Anonymous — Fri, 06 Sep 2019 11:22:07 GMT

@SFLSPOTTER9210 - Diddo the comment about the 6 mths intervals. I have cap1 myself and your a count is eligible six mths after the last increase. GOOD LUCK!

Re: CapitalOne CLI question

AverageJoesCredit — Fri, 06 Sep 2019 12:03:50 GMT

Lets hope 2k is alot for Cap One lol. It is for me but they be cray cray. Good luck

Re: CapitalOne CLI question

GApeachy — Fri, 06 Sep 2019 12:21:41 GMT

@AverageJoesCredit wrote:
Lets hope 2k is alot for Cap One

It is?

Re: CapitalOne CLI question

Anonymous — Fri, 06 Sep 2019 18:46:09 GMT

@GApeachy wrote:
@AverageJoesCredit wrote:
Lets hope 2k is alot for Cap One
It is?

I personally havent seen too many big CLs for Cap1. OP has a QS @ 6,300 CL presently. $2k would be about a 33% increase.

Re: CapitalOne CLI question

Aim_High — Fri, 06 Sep 2019 19:20:35 GMT

@Anonymous wrote:
@GApeachy wrote:
@AverageJoesCredit wrote:
Lets hope 2k is alot for Cap One
It is?
I personally havent seen too many big CLs for Cap1. OP has a QS @ 6,300 CL presently. $2k would be about a 33% increase.

Are we talking $2K spend, $2K credit limits, or $2K credit limit increases?

I don't think everyone is on the same page.

OP didn't say what he was asking for but he said he spent about $2K.

Capital One started my card at only $1K as a Platinum.

I PCd it to QS.

They do like to see spend put on it during three months prior to CLI.

They do only do it once every six months.

My early increases were only $1k IIRC.

Then only $3K at a time, regardless of how much spend I put on it.

After many years, it sits at $22K finally.

Their CLIs are SP but are the biggest PITA.

And then I hear about people getting CLD or account

closure if you don't use the cards regularly.

Re: CapitalOne CLI question

GApeachy — Fri, 06 Sep 2019 19:23:45 GMT

@AverageJoesCredit wrote:
How much spend have you put on it last 3 months?

to the Spend ? above......it was off of this.^^^^

And I had to ask was 2k a lot of spend in Cap1's eyes.

So yeah, totally confusing and that's my fault.

But if 2k is a lot of spend to cap1 then I need to dial it back but was wondering. Sorry to the world, I seem to confuse everyone.

Re: CapitalOne CLI question

SFLSpotter9210 — Fri, 06 Sep 2019 19:44:09 GMT

My last CLI in March 2019 was for 2k.

Re: CapitalOne CLI question

Aim_High — Fri, 06 Sep 2019 20:07:49 GMT

@GApeachy wrote:
@AverageJoesCredit wrote:
How much spend have you put on it last 3 months?
to the Spend ? above......it was off of this.^^^^
And I had to ask was 2k a lot of spend in Cap1's eyes.
So yeah, totally confusing and that's my fault.
But if 2k is a lot of spend to cap1 then I need to dial it back but was wondering. Sorry to the world, I seem to confuse everyone.

No worries, @LauraC

Whether $2K is a lot to spend or a big CLI depends on where we are starting from.

Depends on the Utilization Rate or how big an increase in CL that would generate.

But IME, $3K seems to be a standard rate they increase once you get to around $6K.

They gave me $1000 to $1500 until then, so baby steps.

How big is that credit line LauraC ?

Re: CapitalOne CLI question

GApeachy — Fri, 06 Sep 2019 21:04:57 GMT

@Aim_High wrote:
How big is that credit line LauraC ?

$5.5k and I usually run 2k through it a month....so that concerned me a little. I pif 2 to 3 times/month so they can get to know me. But if that's too much for my limit, I'll dial it back.

Re: CapitalOne CLI question

GApeachy — Fri, 06 Sep 2019 21:08:27 GMT

@SFLSpotter9210 wrote:
My last CLI in March 2019 was for 2k.

That's a sweet one, congrats on that! Good luck on growing that card, hopefully in a few days.

Re: CapitalOne CLI question

AverageJoesCredit — Fri, 06 Sep 2019 21:44:28 GMT

In my eyes , 2k spend a month is alot of spend. Thats 24k a year! I wish i could put that kind of spend on a credit card let alone my credit cardS