topic Re: Capita One CLI. What does this mean? in Credit Card Applications

Capita One CLI. What does this mean?

Anonymous — Fri, 20 Mar 2020 01:53:11 GMT

I asked for a cli and they said they will review. I got a letter saying this below. I'm assuming it's a denial. I only use it twice a month b/c it only has a 1k limit.

A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.

Re: Capita One CLI. What does this mean?

seattletravels — Fri, 20 Mar 2020 02:00:14 GMT

How long have you had the account?

Re: Capita One CLI. What does this mean?

Anonymous — Fri, 20 Mar 2020 02:01:14 GMT

Almost 2 years now. I may give up on this one.

Re: Capita One CLI. What does this mean?

Ficoproblems247 — Fri, 20 Mar 2020 02:47:00 GMT

That's a weird one, not sure if I've seen anyone post that specific one before. I just went back and reread their list of CLI denial reasons to see if that one was added with an explanation, but it wasn't. Wonder if you called CS if they would be able to elaborate further for you? If you think it's worth it to you to pursue let us know if you find anything out, and of course good luck!

Re: Capita One CLI. What does this mean?

M_Smart007 — Fri, 20 Mar 2020 04:04:24 GMT

@Anonymous wrote:
Almost 2 years now. I may give up on this one.

@Anonymous

https://ficoforums.myfico.com/t5/Credit-Cards/What-Credit-Cards-have-you-closed-and-Why/m-p/5919166#M1699646

Re: Capita One CLI. What does this mean?

Remedios — Fri, 20 Mar 2020 13:08:05 GMT

It means they dont think you're using enough of the current limit to be considered for a higher one.

Re: Capita One CLI. What does this mean?

AverageJoesCredit — Fri, 20 Mar 2020 14:08:03 GMT

Sounds like a Walmart card

Re: Capita One CLI. What does this mean?

seattletravels — Fri, 20 Mar 2020 14:17:00 GMT

@Remedios wrote:
It means they dont think you're using enough of the current limit to be considered for a higher one.

I agree this is probably the root of the denial. It almost sounds like you're bracketed and can only get auto.

Re: Capita One CLI. What does this mean?

slicewritelight — Fri, 27 Mar 2020 17:44:20 GMT

I recently got the same thing, I purposefully used the card almost to its limit, let it post with a 70% UTIL to show high use but they said they are reviewing it. I have no hope that it was approved at all.

Re: Capita One CLI. What does this mean?

Anonymous — Sun, 29 Mar 2020 10:07:28 GMT

@Anonymous wrote:
I asked for a cli and they said they will review. I got a letter saying this below. I'm assuming it's a denial. I only use it twice a month b/c it only has a 1k limit.

A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.

Earlier last month when I tried, I got back just the: A credit limit increase is currently not available upon request.

Best I came up with trying to figure out what it meant, was posts with your verbiage. I actually had been using the card kinda heavily to try to get a CLI and that was the updated one. Now it's back to the inquiry non sense.

Re: Capita One CLI. What does this mean?

Anonymous — Sat, 04 Apr 2020 15:19:04 GMT

@Anonymous wrote:
I asked for a cli and they said they will review. I got a letter saying this below. I'm assuming it's a denial. I only use it twice a month b/c it only has a 1k limit.

A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.

I had to force CLI based on usage. Essentially, I started with a 1500 QS1 card and thought it was not enough of a limit to use it to breakeven using the 1.5% CB to pay for the 39 annual fee. So I forced it and ran it like a debit card! I would spend often and alot even though I had the cash. Then once the purchase posted I'd immediately cover it in cash. Best case scenario the rewards pay for the annual fee, worst case I am not paying interest on a card because I have the cash to cover the purchase anyway. I hardly paid Capital One interest (26% APR!?). Then when the CLI came around they gave me a 3k cli and shortly after that I was able to PC to the Venture One just to get out of paying that 39 annual fee. If you stick with the card, maybe using this method for a period of time will help. I read in a forum post that Cap1 essentially wants you to wear their card out with usage.

Re: Capita One CLI. What does this mean?

Jannelo — Sat, 04 Apr 2020 15:38:11 GMT

@Anonymous wrote:
@Anonymous wrote:
I asked for a cli and they said they will review. I got a letter saying this below. I'm assuming it's a denial. I only use it twice a month b/c it only has a 1k limit.

A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.
I had to force CLI based on usage. Essentially, I started with a 1500 QS1 card and thought it was not enough of a limit to use it to breakeven using the 1.5% CB to pay for the 39 annual fee. So I forced it and ran it like a debit card! I would spend often and alot even though I had the cash. Then once the purchase posted I'd immediately cover it in cash. Best case scenario the rewards pay for the annual fee, worst case I am not paying interest on a card because I have the cash to cover the purchase anyway. I hardly paid Capital One interest (26% APR!?). Then when the CLI came around they gave me a 3k cli and shortly after that I was able to PC to the Venture One just to get out of paying that 39 annual fee. If you stick with the card, maybe using this method for a period of time will help. I read in a forum post that Cap1 essentially wants you to wear their card out with usage.

My QS1 CL is $1,500 also. I do pay several times a month on purchases. How much did you run through it a month? I don't want to waste a CLI request unless I think I will get something decent. I'm eligible to request a CLI as of this month.

Re: Capita One CLI. What does this mean?

Anonymous — Sat, 04 Apr 2020 15:44:49 GMT

@Jannelo Yeah true that makes sense, the good thing is their CLI are SP and you get 1.5% back. To your question about transactions, I just looked at past statements and saw that I ran through a range of 850 to 1200 per month and I would say my average target spend was right around 1k.

Re: Capita One CLI. What does this mean?

Ficoproblems247 — Sat, 04 Apr 2020 15:45:08 GMT

@Jannelo wrote:
@Anonymous wrote:
@Anonymous wrote:
I asked for a cli and they said they will review. I got a letter saying this below. I'm assuming it's a denial. I only use it twice a month b/c it only has a 1k limit.

A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.
I had to force CLI based on usage. Essentially, I started with a 1500 QS1 card and thought it was not enough of a limit to use it to breakeven using the 1.5% CB to pay for the 39 annual fee. So I forced it and ran it like a debit card! I would spend often and alot even though I had the cash. Then once the purchase posted I'd immediately cover it in cash. Best case scenario the rewards pay for the annual fee, worst case I am not paying interest on a card because I have the cash to cover the purchase anyway. I hardly paid Capital One interest (26% APR!?). Then when the CLI came around they gave me a 3k cli and shortly after that I was able to PC to the Venture One just to get out of paying that 39 annual fee. If you stick with the card, maybe using this method for a period of time will help. I read in a forum post that Cap1 essentially wants you to wear their card out with usage.
My QS1 CL is $1,500 also. I do pay several times a month on purchases. How much did you run through it a month? I don't want to waste a CLI request unless I think I will get something decent. I'm eligible to request a CLI as of this month.

Ask for the CLI, it won't be a waste. If you're not satisfied with what they offer you can decline it, then request for another offer at anytime you would like. You only have to wait out the 181 days if you accept the offer.