topic Re: CapOne Walmart CLI in Credit Card Applications

CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 09:38:01 GMT

Has anyone requested CLI on new Cap one walmart card?

Re: CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 12:53:51 GMT

Just did and got a we'll let you know in 3 days message.

Re: CapOne Walmart CLI

GApeachy — Mon, 14 Oct 2019 13:07:38 GMT

@Anonymous wrote:
Just did and got a we'll let you know in 3 days message.

Sorry 'bout that, they may be just too busy with who knows how many requests. If you end up getting any HP's plz report back. Also, if you DO get good news soon definitely report back.

Re: CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 16:01:28 GMT

@Anonymous wrote:
Just did and got a we'll let you know in 3 days message.

I recently requested a CLI on my Savor card. Got the "we'll get back to you in 3 days". In my short experience with this scenario and what I've heard from past requests, its like getting a letter in the mail that states, "Thanks for applying for the position at ABC company. Unfortunately, we chose another candidate, but we'll keep your resume on file for 6 months". lol.

You have a secured message box with a rejection which I guess they need 3 days to construct, so check there. Who knows, maybe they will approve some of these "we'll get back to you"'s.

There was no pull on my credit, and you can request again anytime you want. No waiting period.

Re: CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 17:19:36 GMT

@Anonymous wrote:
Just did and got a we'll let you know in 3 days message.

I got the 3 days message too. I have other Capital One credit cards, but have never asked for a CLI. I didn't know if they usually give an instant approval. It's probably just like the 7-10 day letter they send in the mail. I'll post whenever I hear from them. Thanks for answering

Re: CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 17:21:08 GMT

@GApeachy wrote:
@Anonymous wrote:
Just did and got a we'll let you know in 3 days message.
Sorry 'bout that, they may be just too busy with who knows how many requests. If you end up getting any HP's plz report back. Also, if you DO get good news soon definitely report back.

I didn't see a HP yet, so crossing fingers. I will definitely report back. Thanks.

Re: CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 17:33:22 GMT

@Anonymous wrote:
@GApeachy wrote:
@Anonymous wrote:
Just did and got a we'll let you know in 3 days message.
Sorry 'bout that, they may be just too busy with who knows how many requests. If you end up getting any HP's plz report back. Also, if you DO get good news soon definitely report back.
I didn't see a HP yet, so crossing fingers. I will definitely report back. Thanks.

Doubt you'll see one. They allow you to request a CLI at any time. That would be cruel to do a HP each time you request one.

You can ask for a CLI again tomorrow if you want.

Re: CapOne Walmart CLI

snickerpedia — Mon, 14 Oct 2019 21:52:26 GMT

requested mine, denied weird reasons. you can see your denial in your view documents on capital one site. basically they are not giving them out for this card yet.

Re: CapOne Walmart CLI

Anonymous — Mon, 14 Oct 2019 21:59:58 GMT

@snickerpedia wrote:
requested mine, denied weird reasons. you can see your denial in your view documents on capital one site. basically they are not giving them out for this card yet.

Its a brand new card, and they must not be thinking about CLIs right now. Mine was rejected for not having enough spend.

Re: CapOne Walmart CLI

Croakmatic — Mon, 14 Oct 2019 22:26:29 GMT

Denied, looks like they're still in a bit of a flux there with the migration.

Here's an excerpt from the document:

You recently requested a credit line increase for your Capital One® account. Unfortunately, your
account isn't eligible right now. We know this isn't the answer you were hoping for and we want to
help you understand why:
· Credit line increases are not available at this time upon request for this type of account
· Credit bureau information is missing or unavailable
· We were unable to obtain your most recent monthly payment data from the credit reporting
agency

Re: CapOne Walmart CLI

Anonymous — Tue, 15 Oct 2019 00:41:29 GMT

Thanks. I didn't even know you could view documents. I looked mine up and it was denied and I have no idea what they are trying to say:

***· Credit line increases are not available at this time upon request for this type of account
***· Credit bureau information is missing or unavailable
***· We were unable to obtain your most recent monthly payment data from the credit reporting
agency.

First one I get, just probably not doing CLIs yet. The second one is not correct - I get daily updates on my credit bureau info and watch it carefully and I have two other Capital One cards. The third is funny because I had Walmart paid off except $40, so when it switched over this morning to Capital One, I made a $40 payment. I would almost rather them just say: "NO!! We are not giving you a CLI and we don't have to tell you why!"

Re: CapOne Walmart CLI

Anonymous — Tue, 15 Oct 2019 00:44:19 GMT

@Croakmatic wrote:
Denied, looks like they're still in a bit of a flux there with the migration.

Here's an excerpt from the document:

You recently requested a credit line increase for your Capital One® account. Unfortunately, your
account isn't eligible right now. We know this isn't the answer you were hoping for and we want to
help you understand why:
· Credit line increases are not available at this time upon request for this type of account
· Credit bureau information is missing or unavailable
· We were unable to obtain your most recent monthly payment data from the credit reporting
agency

Hi Croakmatic -- Well, I must be really tired today. I just esponded to you, but didn't read far enough to see that your denials say the same thing as mine. Guess it's just a boiler-plate response for CLIs this early on.

Re: CapOne Walmart CLI

Anonymous — Tue, 15 Oct 2019 00:46:25 GMT

@Anonymous wrote:
Thanks. I didn't even know you could view documents. I looked mine up and it was denied and I have no idea what they are trying to say:

***· Credit line increases are not available at this time upon request for this type of account
***· Credit bureau information is missing or unavailable
***· We were unable to obtain your most recent monthly payment data from the credit reporting
agency.

First one I get, just probably not doing CLIs yet. The second one is not correct - I get daily updates on my credit bureau info and watch it carefully and I have two other Capital One cards. The third is funny because I had Walmart paid off except $40, so when it switched over this morning to Capital One, I made a $40 payment. I would almost rather them just say: "NO!! We are not giving you a CLI and we don't have to tell you why!"

All 3 items, they may be referring to the new card itself. They may look at the credit history of your new card from the report rather than looking at their own internal data lol.

Any Walmart Cap1 CLIs?

mikesonthemend — Sat, 09 Nov 2019 01:09:57 GMT

Has anyone received any love from Cap1 Walmart Card? I hit the button and received the review message anout 10 days ago and have yet to hear a thing. Assume it is a denial but would like something to file, ya know?

Re: Any Walmart Cap1 CLIs?

Anonymous — Sat, 09 Nov 2019 01:23:19 GMT

None reported.....it's simply too new. See below
https://ficoforums.myfico.com/t5/Credit-Cards/CapOne-Walmart-CLI/m-p/5774313

Re: Any Walmart Cap1 CLIs?

Anonymous — Sat, 09 Nov 2019 01:30:35 GMT

People have been receiving messages that CLIs aren't available for the account type which isn't a good sign as that's the same message Cap used to use with the Sony/PS cards and their other cobrands that never grow.

Re: CapOne Walmart CLI

Anonymous — Sat, 09 Nov 2019 15:18:30 GMT

I requested one a couple of months ago, when it was still Syncrony, after the announcement that it was transferring to Capital One. In the old system it would actually ask you what limit you'd like. I was at 1k, I put in 3k, was instantly approved. Boosted my utilization (technically it dropped my utilization but you get what I'm saying).

I did request just the other day too, right after requesting a CLI on my QS1 and being approved for $200. The CLI on the WMT card was declined however. I had 4 reasons given; the other 3 someone else mentioned on this post, in addition to "There has recently been a change to the credit line on this account." Not 100% certain if they are referencing the recent CLI before they took over the account, or the recent one they gave me on my QS1.

Re: CapOne Walmart CLI

Anonymous — Wed, 20 Nov 2019 04:44:43 GMT

Found this online hope it helps

Eligibility requirements for a credit limit increase with Capital One
In order to qualify for a credit limit increase with Capital One, your account needs to meet the following requirements:

It must be at least three months old.
You can’t have received an increase or decrease in your credit limit within the past six months.
Your account must be unsecured (in other words, secured credit cards don’t qualify).
Of course, meeting these qualification requirements doesn’t guarantee that you’ll be approved for a credit limit increase. Here are the factors that Capital One considers when deciding whether or not to grant you a credit limit increase.

On-time payments
The amount of your monthly payments
Your credit score
How much credit you use -- if you rarely use your credit card, your chances of approval are lower

Re: CapOne Walmart CLI

stonedog23 — Wed, 20 Nov 2019 14:07:32 GMT

Does anyone have any idea what scoring model of Equifax that Capital One is using and printing on their rejection letters? The csr's seem to have no idea and neither do I as their Equifax score doesn't match 8 or 9.

Re: CapOne Walmart CLI

HeavenOhio — Thu, 21 Nov 2019 17:35:02 GMT

It's the FICO 5 classic score, also referred to FICO 04 (Equifax). It's the same Equifax score that's used for mortgages.