topic Capital One CLI denied in Credit Card Applications

Capital One CLI denied

Anonymous — Mon, 28 Sep 2020 22:40:25 GMT

Not sure what it is with Capital One but I have tried for 2 years now to get a small CLI on my Quicksilver card and there like nope every time. I have a small $500 CL and no outstanding debits with CO, a current car loan and a previous paid off car loan through them. I also have used the card a lot sometimes $200-450 a month and then I cut full statement payoff each time. It is what it is I guess anyone else ever get lucky with these guys? it's not going to break me not to get the CLI but it would give it a bit more flexibility and I wouldn't mind the extra cushion on my UT.

Re: Capital One CLI denied

mrfufoppss — Mon, 28 Sep 2020 22:45:46 GMT

Join a credit union and build with them..Cap1 likes giving SubPrime limits high apr and small cli..credit unions will usually treat you better

Re: Capital One CLI denied

K-in-Boston — Mon, 28 Sep 2020 22:47:44 GMT

CapOne is notorious for permanently bucketing cards, particularly those opened with little credit or poor credit. I had CapOne cards for over 20 years and never received a single CLI despite a squeaky clean credit history and excellent scores.

Re: Capital One CLI denied

Anonymous — Mon, 28 Sep 2020 22:58:14 GMT

If you hit the lottery for millions, try again, they might give you one.

Re: Capital One CLI denied

JR_TX — Mon, 28 Sep 2020 23:00:49 GMT

Just SD that "bucketed" card!

It's a guarantee that hell freezes over first before CO bucketed cards get a raise!

If you must have a higher line then app for a new card either from CO themselves or from another lender.

Good luck.

Re: Capital One CLI denied

cashorcharge — Tue, 29 Sep 2020 00:15:33 GMT

Just like K, my Cap1 cards don't get any CLI love so I stopped asking.
My other accounts are 10X+ higher...but 20 years ago when my credit was crap, they approved me and now those accounts are amongst my oldest...helping in my AAoA and AoOA.

If you SD them to help your aging like me, just remember to use them a few times a year. They need to see some activity. Buy a tank of gas, pay it off the next day and put it back to sleep.

Re: Capital One CLI denied

Face_Value — Tue, 29 Sep 2020 00:54:12 GMT

The only things useful about capital one are their 360 checking and savings accounts.

Re: Capital One CLI denied

Anonymous — Wed, 21 Apr 2021 14:38:50 GMT

Other than getting denied for CLI's, how can you tell if your card is bucketed? And is it true that you can only have 2 cards from them(excluding business cards)?

Edit: the reason they give for denial is too many recent inquiries, which I'm guessing is from getting a car from a dealership in November.

Re: Capital One CLI denied

Slabenstein — Wed, 21 Apr 2021 14:41:35 GMT

@Anonymous wrote:
Other than getting denied for CLI's, how can you tell if your card is bucketed? And is it true that you can only have 2 cards from them(excluding business cards)?

There's no way to tell directly that I'm aware of, but if your card started as one of their subprime cards, had a < $1k SL, and hits a wall with CLI, then it's probably bucketed. You can only have 2 of their subprime cards (Plat, QS1, or secured), but you can have 5 cards with them total, business or personal.

Re: Capital One CLI denied

CreditMagic7 — Wed, 21 Apr 2021 16:16:19 GMT

Cap One seems anymore is chiefly one of those starter type Lenders which happens is useful for rebuilding and establishing a new or rebuilding effort for the first 12-24 months or more IMHO. Aside from that it depends on the customer if they wish to ride it out with them or not. I just scrubbed my credit reports of a only 2 Cap One cards obtained for rebounding and rebuilding. Quicksilver & Kohl's.

Re: Capital One CLI denied

jcooks — Wed, 21 Apr 2021 17:31:59 GMT

Curious to what the reason they give for denials they tell you. Mine is recent monthly payments are too low. Yet my balance on this card is 0 /shrug

Re: Capital One CLI denied

Anonymous — Fri, 23 Apr 2021 17:34:36 GMT

"Mine is recent monthly payments are too low"

That is the main reason I have gotten denials on my QS1 card over the past few years, so I just SD it and only use quarterly. Not worth the waste of time. Started at $1500 and never grew.

Re: Capital One CLI denied

Anonymous — Fri, 23 Apr 2021 19:26:04 GMT

@Anonymous wrote:
Not sure what it is with Capital One but I have tried for 2 years now to get a small CLI on my Quicksilver card and there like nope every time. I have a small $500 CL and no outstanding debits with CO, a current car loan and a previous paid off car loan through them. I also have used the card a lot sometimes $200-450 a month and then I cut full statement payoff each time. It is what it is I guess anyone else ever get lucky with these guys? it's not going to break me not to get the CLI but it would give it a bit more flexibility and I wouldn't mind the extra cushion on my UT.

Exactly why I'm working on paying them off and SDing them as we speak. They were great to me while I was rebuilding, but their uselesss now.