topic Re: QuickSilver CLI DENIED - Too Little Use in Credit Card Applications

QuickSilver CLI DENIED - Too Little Use

Anonymous — Sun, 10 May 2020 17:03:05 GMT

I have not seen a CLI from cap one in a while (couple of years at least). I used to use this card as my only credit card until I got in with NFCU. A year ago I tried for a CLI and they denied because I was only paying the minimum, had too high utilization, and had a bounced payment (weird situation). Fast forward to current times and my denial said I use the card too little given the limit I have ($4k) and there were no other denial factors. I'm pretty annoyed at this because I never stopped using the card, I just stopped running up the balance.

Does anyone know how much you need to use a cap one card so that they don't say you use it too little. If I use this as my primary for the next 3 months think that will get me a CLI?

Re: QuickSilver CLI DENIED - Too Little Use

Brian_Earl_Spilner — Sun, 10 May 2020 17:55:23 GMT

I had to cycle both of mine 3x a month for 3 months before they gave me a significant increase

Re: QuickSilver CLI DENIED - Too Little Use

CreditCrusader — Sun, 10 May 2020 19:03:32 GMT

This is the sort of post that has always had me shaking my head as a member of this forum.

You have a Cap 1 card. They are notoriously stingy with CLs. They are likewise very partial to heavy usage and payoff.

Your limit is $4,000, but you never use anywhere near that amount. In fact, unless I misread your post, you really don't use it significantly.

So, I guess what I'm wondering is this: Why would a CCC like Cap 1 bump up the limit of such a card? Am I missing something?

Re: QuickSilver CLI DENIED - Too Little Use

Jannelo — Sun, 10 May 2020 19:07:58 GMT

When you say you never stopped using the card, what does that mean? How much spend a month, on average, do you put on this card?

Re: QuickSilver CLI DENIED - Too Little Use

Shooting-For-800 — Mon, 11 May 2020 00:23:19 GMT

I got a $9k CLI on a $3.5k QS once from using it religiously.

Cap One demands usage.

Think like a bank...No reason to give you CLI if you are not using more than half of your limit each month.

Re: QuickSilver CLI DENIED - Too Little Use

Meanmchine — Mon, 11 May 2020 01:25:54 GMT

@Anonymous wrote:
I have not seen a CLI from cap one in a while (couple of years at least). I used to use this card as my only credit card until I got in with NFCU. A year ago I tried for a CLI and they denied because I was only paying the minimum, had too high utilization, and had a bounced payment (weird situation). Fast forward to current times and my denial said I use the card too little given the limit I have ($4k) and there were no other denial factors. I'm pretty annoyed at this because I never stopped using the card, I just stopped running up the balance.

Does anyone know how much you need to use a cap one card so that they don't say you use it too little. If I use this as my primary for the next 3 months think that will get me a CLI?

That is most of your problem IMO if that missed payment was on a Cap1 product

Sorry for your denial

Re: QuickSilver CLI DENIED - Too Little Use

Anonymous — Mon, 11 May 2020 03:53:19 GMT

ALL Cap 1 cards like lots of spend on it before giving you a CLI. And when I say alot of spend not buying a pack of gum once a week. They like heavy spend on it. If you have a $1000 CL they want to see you using most of that or over half monthly for like 6 months before they will give you anything. They are well known for this

@Anonymous wrote:
I have not seen a CLI from cap one in a while (couple of years at least). I used to use this card as my only credit card until I got in with NFCU. A year ago I tried for a CLI and they denied because I was only paying the minimum, had too high utilization, and had a bounced payment (weird situation). Fast forward to current times and my denial said I use the card too little given the limit I have ($4k) and there were no other denial factors. I'm pretty annoyed at this because I never stopped using the card, I just stopped running up the balance.

Does anyone know how much you need to use a cap one card so that they don't say you use it too little. If I use this as my primary for the next 3 months think that will get me a CLI?

Re: QuickSilver CLI DENIED - Too Little Use

Ficoproblems247 — Mon, 11 May 2020 17:27:16 GMT

I've been putting $500-$700 on my Ven1 the last few months ($5k limit) and was just denied a CLI. I expected the denial because I was not using much over 10% of my current limit and I know that's how Cap1 operates. I still love them and the way they've treated me when I needed them over the years, so there are no hard feelings, that is just how you have to expect them to do business. I've diverted about $2k/month spend toward my new Savor card ($15k limit) to try for a CLI at the 91 day mark. I also do not expect a CLI on that one either because I am just not using a large portion of the limit. The last CLI I received from them I was consistently utilizing about 50-60% of my CL for about 6 months.

Re: QuickSilver CLI DENIED - Too Little Use

CYBERSAM — Mon, 11 May 2020 17:56:01 GMT

@Ficoproblems247 wrote:
I've been putting $500-$700 on my Ven1 the last few months ($5k limit) and was just denied a CLI. I expected the denial because I was not using much over 10% of my current limit and I know that's how Cap1 operates. I still love them and the way they've treated me when I needed them over the years, so there are no hard feelings, that is just how you have to expect them to do business. I've diverted about $2k/month spend toward my new Savor card ($15k limit) to try for a CLI at the 91 day mark. I also do not expect a CLI on that one either because I am just not using a large portion of the limit. The last CLI I received from them I was consistently utilizing about 50-60% of my CL for about 6 months.

Its not you. Cap1 is being very conservative these days. Try them another 6 months, hopefully things go back to some normality!

Re: QuickSilver CLI DENIED - Too Little Use

Anonymous — Mon, 11 May 2020 18:06:38 GMT

Thanks for all the replies. To answer a few questions:

1) In regards to my usage when I received my increases (years ago) I was using close to 100% of the limit. I was able to get this card up from a few hundred dollars to $4k. I currently can easily run up a few thousand (of normal expenses) but simply have shifted my spend to NFCU because I like them more.

2) Regarding the bounced payment they did tell me to wait in the denial letter from a year ago. This bounced payment didn't result in a late. I was simply forced to resubmit payment 2 days later. According to the denial letter this had no affect on my CLI rejection this time around. The only reason stated was too little usage.

3) I do not personally believe someone needs to spend 100% of their limit in order to be worthy of a higher limit but cap one might.... I currently run through about $800 a month for the last 6 months now that it isn't my daily driver. Asking for a CLI when you only use half a limit or even 25% of a limit shouldn't be frowned upon because it all has to do with overall utilization. Many of us zero out each month but that isn't always possible. In those situations where you need to carry a balance the higher your credit limit the better off you will be.

Based on some of your replies I'm thinking i'll need to turn this into my daily driver for a few months and try again towards end of summer.

Re: QuickSilver CLI DENIED - Too Little Use

CreditCrusader — Mon, 11 May 2020 21:06:14 GMT

@Anonymous wrote:
Thanks for all the replies. To answer a few questions:

1) In regards to my usage when I received my increases (years ago) I was using close to 100% of the limit. I was able to get this card up from a few hundred dollars to $4k. I currently can easily run up a few thousand (of normal expenses) but simply have shifted my spend to NFCU because I like them more.

2) Regarding the bounced payment they did tell me to wait in the denial letter from a year ago. This bounced payment didn't result in a late. I was simply forced to resubmit payment 2 days later. According to the denial letter this had no affect on my CLI rejection this time around. The only reason stated was too little usage.

3) I do not personally believe someone needs to spend 100% of their limit in order to be worthy of a higher limit but cap one might.... I currently run through about $800 a month for the last 6 months now that it isn't my daily driver. Asking for a CLI when you only use half a limit or even 25% of a limit shouldn't be frowned upon because it all has to do with overall utilization. Many of us zero out each month but that isn't always possible. In those situations where you need to carry a balance the higher your credit limit the better off you will be.

Based on some of your replies I'm thinking i'll need to turn this into my daily driver for a few months and try again towards end of summer.

You have answered your own questions, so good on you!

You admit that you blew off Cap 1 as your primary card, and thus had nowhere near your former usage. Accordingly, they shut off the CLI faucet.

And while you're certainly free to believe that someone doesn't need to use high and pay high, that's how Cap 1 rolls. If you think about it, high usage is necessary per their business model...and they've been pretty successful with it.

Re: QuickSilver CLI DENIED - Too Little Use

Anonymous — Tue, 12 May 2020 13:51:40 GMT

@CreditCrusader wrote:
You have answered your own questions, so good on you!

You admit that you blew off Cap 1 as your primary card, and thus had nowhere near your former usage. Accordingly, they shut off the CLI faucet.

And while you're certainly free to believe that someone doesn't need to use high and pay high, that's how Cap 1 rolls. If you think about it, high usage is necessary per their business model...and they've been pretty successful with it.

I agree. Guess they liked me more when I was running up (and reporting) high balances and paying lots of interest without missing payments. I've got nothing but love for Cap One. They've treated me solid over the years when other banks wouldn't. I guess I'm getting a bit greedy since other banks are starting to show me love and this is when cap one backs off. I'll just send more monthly spend their way and try again at a later date! I appreciate everyones input.

Re: QuickSilver CLI DENIED - Too Little Use

Snoopy916 — Tue, 12 May 2020 19:10:17 GMT

I have a $1,500 limit on my card. Had it for almost 2 years. I literally run over $10,000/month through the card because it's my best cashback card currently. I have only gotten 1 CLI ever, and for the past year I have gotten denied with the too little use every single time. I don't think it's even possible to use it more. I charge a few hundred to $1000+ almost every single day, and pay it off almost daily. Coincedentally, my QuicksilverOne has double the limit and I almost never use it because the cb is lower.

Re: QuickSilver CLI DENIED - Too Little Use

Jannelo — Tue, 12 May 2020 19:48:16 GMT

@Snoopy916 wrote:
I have a $1,500 limit on my card. Had it for almost 2 years. I literally run over $10,000/month through the card because it's my best cashback card currently. I have only gotten 1 CLI ever, and for the past year I have gotten denied with the too little use every single time. I don't think it's even possible to use it more. I charge a few hundred to $1000+ almost every single day, and pay it off almost daily. Coincedentally, my QuicksilverOne has double the limit and I almost never use it because the cb is lower.

That's shocking. The "too little use" makes no sense.

Re: QuickSilver CLI DENIED - Too Little Use

Anonymous — Tue, 12 May 2020 22:19:32 GMT

@Snoopy916 wrote:
I have a $1,500 limit on my card. Had it for almost 2 years. I literally run over $10,000/month through the card because it's my best cashback card currently. I have only gotten 1 CLI ever, and for the past year I have gotten denied with the too little use every single time. I don't think it's even possible to use it more. I charge a few hundred to $1000+ almost every single day, and pay it off almost daily. Coincedentally, my QuicksilverOne has double the limit and I almost never use it because the cb is lower.

Thanks for the data point. Wish I didn't read it lol.

Re: QuickSilver CLI DENIED - Too Little Use

CreditCrusader — Thu, 14 May 2020 12:30:03 GMT

@Anonymous wrote:
@Snoopy916 wrote:
I have a $1,500 limit on my card. Had it for almost 2 years. I literally run over $10,000/month through the card because it's my best cashback card currently. I have only gotten 1 CLI ever, and for the past year I have gotten denied with the too little use every single time. I don't think it's even possible to use it more. I charge a few hundred to $1000+ almost every single day, and pay it off almost daily. Coincedentally, my QuicksilverOne has double the limit and I almost never use it because the cb is lower.
Thanks for the data point. Wish I didn't read it lol.

LOL Right? 😂

I think what is most frustrating about Cap 1 is the fact that their service, payment and general business model are all top quality.

Their app is OUTSTANDING.

I make a payment in the afternoon and both my balance and available credit are updated just past midnight.

Their rewards are available the moment a transaction posts.

The price we pay for enjoying the many benefits of what Cap 1 offers is enduring their frustrating CLI and product change/prequal policies, but is that REALLY so terrible?

I called them recently and asked them to set my QS CL to $5,000, as that easily accommodated my spending patterns and maximized rewards accordingly...and I liked that there was a solid hard cap.

The Cap 1 rep said "Sounds perfectly reasonable. You got it." (verbatim)

The MyFico team, as a whole, loves high lines because they mask usage and keep FICO scores nice and high, so Cap 1 isn't ideal for that purpose. But on the margin, they are a terrific CC lender.

Re: QuickSilver CLI DENIED - Too Little Use

Snoopy916 — Fri, 15 May 2020 19:11:26 GMT

I agree. Love Cap One's app/interface.

I have their wal-mart Mastercard $300 limit, QS $1,500 limit and QS1 $3,000 limit. I have only received limit increases once on both Quicksilvers. Wal-mart I received the day they took over, but have never gotten approved for an increase. I have a zero balance on all 3, as well as all my regular, non-Cap 1 credit cards, except I have a $1000 balance ($8900 CL) because I'm getting a 0% 12 month offer on one of them. I do use the Wal-mart about $100-$150 a month, and the QS I use A TON. I also have a car loan through them. It was a 72-month refinance last August for $28,000, and I 've actually paid it down to $2,100 in less than a year, but they still don't trust me, I guess.

Meanwhile, I have ridiculous limits on my Comenity cards that I will ever use. $15k Wayfair, $8,000 WS, etc. Synchrony is weird too. Care Credit is $10,000 (used it to buy red bulls at rite-aid and that's it) but another their discount tire card (which I would actually use) won't budge past $800 so I had to pay half with cash last time I wanted to take advantage of their zero-interest offer. Guess my next serious GF is getting a boob job!

Re: QuickSilver CLI DENIED - Too Little Use

Snoopy916 — Tue, 23 Jun 2020 20:08:00 GMT

I just wanted to update this thread. Cap 1 makes no sense. I had 2 car loans with them, one for $44k, one for $28k. Paid them both off 3 years early this year. Zero balance on everything on my credit report. I just ran $22k last MONTH through my QS card with only a $1500 limit, and just tried again to get a CLI and denied for "Recent use of this account's existing credit line is too low" What the heck else do they want??

Re: QuickSilver CLI DENIED - Too Little Use

RSX — Tue, 23 Jun 2020 19:58:02 GMT

**** edit - read some earlier threads after posting

what about getting a 2% card and giving up on Cap1

if you spend that much monthly, might as well try with another card, that gives a slightly higher % as well - Citi DC for example

that is a good amount in one month! - but it seems they want that type of activity for over 3 months

try the same stategy (doesnt have to be 22k) for the next 2 months and try again in Aug/Sept - look at 3-5k if it is regular spend, not artificial

Re: QuickSilver CLI DENIED - Too Little Use

Snoopy916 — Tue, 23 Jun 2020 20:06:35 GMT

Well ive actually been running over $10k a month through this card for over a year now so...

looking for a mortgage currently, so dont want any new accounts. Im just amazed how hard it is to get a CLI through them