topic Re: Capital One QS CLI - should I accept? in Credit Card Applications

Capital One QS CLI - should I accept?

Anonymous — Fri, 25 Sep 2020 12:55:05 GMT

I currently have a $1k limit on my Capital One QS. This limit hasn't changed in almost 2 years. Today I tried to request a credit line increase and it came back with $100. Should I accept this and try for another one in 6 months, or is there a chance I could get a higher increase if I held off a bit longer and tried again?

I'm in the process of rebuilding my credit. Normally I've been denied in the past for CLI due to low credit scores, but this is the first time I've recieved an instant offer.

Re: Capital One QS CLI - should I accept?

Anonymous — Fri, 25 Sep 2020 13:16:14 GMT

Take the $100 try again 6 months

Re: Capital One QS CLI - should I accept?

Anonymous — Fri, 25 Sep 2020 13:54:33 GMT

Cap1 is super stingy with CLI and lots of folks have seen there limits decrease due to the pandemic and tightened purse strings from an already tight purse. I got the same thing and took it based on that. Set a reminder to ask again in 6 months. There are some examples of nice increases with very heavy spending, paying multiple times in the month, and ending the month with no balance or like under 5%. of course YMMV. It felt like a good idea to take it for me. I had my QS for 2 months and got that increase. I say take it and mark your calendar.

Re: Capital One QS CLI - should I accept?

fatcomic — Fri, 25 Sep 2020 14:04:14 GMT

Take the $100 from their stingy hands and retry in 6 months.

I always get not enough use of current credit limit, or not large enough payments made on account or some other silly excuse. I gave up on CLI with Cap1 and just keep them around becuse they are my oldest 2 accounts and just give them a little spend every few months.

Re: Capital One QS CLI - should I accept?

Anonymous — Fri, 25 Sep 2020 14:48:44 GMT

is it a hardpull from all 3 bureaus when you request for a cli with capital one?

Re: Capital One QS CLI - should I accept?

GApeachy — Fri, 25 Sep 2020 15:15:42 GMT

@Anonymous wrote:
is it a hardpull from all 3 bureaus when you request for a cli with capital one?

No, no hp from any bureau even if you ask multiple times back to back.

Re: Capital One QS CLI - should I accept?

GApeachy — Fri, 25 Sep 2020 15:33:42 GMT

@Anonymous It depends on you and your future spend.

Are you planning on using this card more for the next 3 months? If so, don't take it. Run your spend and then request.

Re: Capital One QS CLI - should I accept?

M_Smart007 — Fri, 25 Sep 2020 15:29:30 GMT

@Anonymous wrote:
is it a hardpull from all 3 bureaus when you request for a cli with capital one?

Its not 3 hp's, but getting a CLI out of them sure feels like it

Re: Capital One QS CLI - should I accept?

Anonymous — Fri, 25 Sep 2020 15:47:32 GMT

yeah...i have a secured platinum card that's pretty much sock drawered.

only have it since it's my oldest card.

not sure if i need a cli on it just to put one small charge on it every month.

Re: Capital One QS CLI - should I accept?

cashorcharge — Fri, 25 Sep 2020 16:15:16 GMT

I think the overall consensus here is take it and you will like it! LOL

Cap1 isn't the easiest with those. Enjoy!

Re: Capital One QS CLI - should I accept?

Beast26 — Fri, 25 Sep 2020 20:22:16 GMT

I got the exact same offer today and my limit was $500. I put over $1400 a month through the card making multiple payments and kept utilization under 5%.

Re: Capital One QS CLI - should I accept?

GApeachy — Fri, 25 Sep 2020 20:44:35 GMT

@Beast26 wrote:
I got the exact same offer today and my limit was $500. I put over $1400 a month through the card making multiple payments and kept utilization under 5%.

How many months did you spend $1.4k/month? Were you or are you in credit steps? If so, when did you finish or will finish?

Re: Capital One QS CLI - should I accept?

periferel — Sat, 26 Sep 2020 02:27:06 GMT

what a coincidence, i hit the love button a few days ago and they gave me a $100 increase - just like you it was on a $1k qs card.

Re: Capital One QS CLI - should I accept?

sxa001 — Sat, 26 Sep 2020 04:39:23 GMT

As others have said, take the $100 and try again in 6 months. They were already kind of tight on handing out the credit and with COVID even more so.

Re: Capital One QS CLI - should I accept?

Beast26 — Sat, 26 Sep 2020 04:55:59 GMT

I spent $1400 every month. I completed credit steps in March. My increase this month was a normal CLI.

Re: Capital One QS CLI - should I accept?

Papa_Bear — Sat, 26 Sep 2020 12:59:21 GMT

DW just got the same increase. It's almost like getting the generic version of the gift you asked for. Kinda what you wanted but not exactly.

Re: Capital One QS CLI - should I accept?

coldfusion — Sat, 26 Sep 2020 13:50:26 GMT

With Discover for example refusing a token CLI offer can pay off because sometimes you can get a much bigger one within 3 months. That doesn't work with Capital One so as others have already suggested if they offer a CLI grab it, even if it is a token one.

Re: Capital One QS CLI - should I accept?

Anonymous — Sat, 26 Sep 2020 13:53:11 GMT

Here is my experience with them because I'm in a similar boat as you right now. My first non store card (and only non closed card at the moment) was a quicksilver. I'd had a pair of store cards that I only made one purchase with but paid off immediately, so I at least had some credit established. When I applied for it my file is the two closed store cards and a ton of student loans that I had not started paying yet because I'd just graduated. I have no idea what my Fico was then (didn't know what they were) but I know my vantage with credit karma was 695 lol. Anyway, after a long time of waiting they sent me the quicksilver in the mail with a $1000 SL. I applied for a cli with it repeatedly for forever. I knew it had to be bucketed because they would not give me anything on it even after 7-8 months of me spending with it like a debit card -$600 to $-1500 monthly. The reason was initially that it was not currently available on request despite being older than 6 months. Then it changed to add that they were evaluating my spend at current limit for months. Then I had about $800 report once and paid it the next day after - still nothing. For sure I was bucketed I thought. Whatever, I applied for the Uber visa when it was still cool about ten months after getting the quicksilver and they gave me a $2500 SL. The same month that reported, capital one increased my quicksilver from $1000 to $4000. Six months later Barclays automatically increased my Uber card up to $5200. I tried to get the bump on my quicksilver again and got the same old tired messages telling me no. The month that increased limit reported with Uber though I asked capital one again and they increased it to $7000 instantly. It honestly seems like they're just jealous that someone else will give you a higher limit lol I got the chase freedom flex most recently with a $7500 sl, and now today capital one says they'll increase me to $7750 ($750 bump) if I want - after months of saying they couldn't give me one. Since the Uber card got nerfed in February, I've put $1000-$2000 a month through the quicksilver. CO is just tight with their increases.

Re: Capital One QS CLI - should I accept?

GApeachy — Sat, 26 Sep 2020 13:58:49 GMT

@coldfusion You have to wait another 6 months even though you didn't accept it? It resets the clock?

Re: Capital One QS CLI - should I accept?

coldfusion — Sat, 26 Sep 2020 14:05:57 GMT

The only point I'm making is that refusing a small offer with the hope of them coming back in a couple of months with a bigger one almost certainly won't pan out.