topic Re: What is the current time interval needed between asking Cap1 online for SP CLIs? in Credit Card Applications

What is the current time interval needed between asking Cap1 online for SP CLIs?

galahad15 — Fri, 04 Nov 2022 19:19:53 GMT

Just wondering, does any one know please what is the current time interval needed between asking Cap1 online for SP CLIs? For example, is it something like 6 months or 12 months, to be considered eligible for a new SP CLI? Reason being, after 2+ years of Cap1 repeatedly declining my SP CLI requests, just for fun I entered a relatively conservative SP CLI amount to go from a $4.5k to a $5k, just because I was assuming yet another declined request, and (rather unexpectedly) Cap1 approved it instantly. The only thing is that if I'd actually know it would be an instant approval, I would have tried for a bit more, say to take the total CL to $7.5k or $10k, etc. Thanks in advance for your kind consideration in viewing this question!

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

FireMedic1 — Fri, 04 Nov 2022 19:59:49 GMT

Which card are you talking about? Things are getting tighter now with these companies and the way it is for now.

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Anonymous — Fri, 04 Nov 2022 20:22:16 GMT

Venture? At least according to OP's sig

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Anonymous — Fri, 04 Nov 2022 22:44:57 GMT

I was wondering about this last month when I got unexpected 1k increase after 3 months of not using the card. When I used it they didn't give me anything.

I search and saw @Aim_High did 3 months apart this year

May 2022

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Capital-One-threw-me-a-bone-QS-CLI-to-27K/m-p/6539092

Aug 2022

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Unusual-Capital-One-QS-CLI-streak-continues-28K/m-p/6581034

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

galahad15 — Fri, 04 Nov 2022 23:20:17 GMT

@FireMedic1 wrote:
Which card are you talking about? Things are getting tighter now with these companies and the way it is for now.

Referring to the Venture card. Thanks

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

galahad15 — Fri, 04 Nov 2022 23:22:27 GMT

@Anonymous wrote:
I was wondering about this last month when I got unexpected 1k increase after 3 months of not using the card. When I used it they didn't give me anything.

I search and saw @Aim_High did 3 months apart this year

May 2022

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Capital-One-threw-me-a-bone-QS-CLI-to-27K/m-p/6539092

Aug 2022
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Unusual-Capital-One-QS-CLI-streak-continues-28K/m-p/6581034

Many thanks for listing the helpful info @Anonymous, greatly appreciate it!

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

OmarGB9 — Fri, 04 Nov 2022 23:25:48 GMT

I believe it's 6 months.

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Aim_High — Sat, 05 Nov 2022 02:27:42 GMT

@OmarGB9 wrote:
I believe it's 6 months.

I think that's the normal and generally-accepted timeframe too, @OmarGB9. Before the unexpected CLIs I received on my Quicksilver (as @Anonymous mentioned upthread), I thought the six-months was absolute and strictly enforced. And I also thought moderate-to-heavy spend requirement was absolute and strictly enforced with them. My recent experiences broke both those rules, but I still think they may apply for general reference points. (As mentioned in my postings, I speculate that depositing some large funds in a Capital One 360 Money Market might have led to a slight bending of the rules, but even then I got 3x $1K increases. Nothing huge. That's the only reason I could find to differentiate my profile before and after their changed behavior, unless they've modified internal policies.)

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Anonymous — Sat, 05 Nov 2022 03:48:09 GMT

@Anonymous wrote:
I was wondering about this last month when I got unexpected 1k increase after 3 months of not using the card. When I used it they didn't give me anything.

I search and saw @Aim_High did 3 months apart this year

May 2022

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Capital-One-threw-me-a-bone-QS-CLI-to-27K/m-p/6539092

Aug 2022
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Unusual-Capital-One-QS-CLI-streak-continues-28K/m-p/6581034

Lol what So SDing is the best route to auto-CLI I should SD my Savor One too lol, gotta give luv to my 4 new cards!

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Anonymous — Sat, 05 Nov 2022 14:57:14 GMT

@Anonymous it wasn't an auto cli. I asked and I haven't had one in 4 years from them. I wouldn't sd for a cli because I don't think that's why I got. I did what @galahad15 did Is probably the reason for the cli. I asked for a lower amount too so I'm happy to see that might work. We are myficoers you know when we going to ask for a cli it's not going to be a small number. Maybe asking small is the trick to get something instead of the denial. I'm trying again in December just to see. And I meant September not last month. I still think I'm in October.

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

galahad15 — Sat, 05 Nov 2022 17:55:17 GMT

Thanks @Aim_High and @OmarGB9!

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Anonymous — Sun, 25 Dec 2022 00:48:49 GMT

@Anonymous wrote:
@Anonymous it wasn't an auto cli. I asked and I haven't had one in 4 years from them. I wouldn't sd for a cli because I don't think that's why I got. I did what @galahad15 did Is probably the reason for the cli. I asked for a lower amount too so I'm happy to see that might work. We are myficoers you know when we going to ask for a cli it's not going to be a small number. Maybe asking small is the trick to get something instead of the denial. I'm trying again in December just to see. And I meant September not last month. I still think I'm in October.

I did it again @galahad15 ! I asked for a low amount with capital one to go from 12000 to 13250. So 3 months works!

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Zoostation1 — Mon, 26 Dec 2022 04:54:21 GMT

I'm waiting to hit 6mo on of paid statementsm before apping for a CLI on my SavorOne. My goal is to ask for a 5k limit on a card that started with a $3k limit. I hope that won't be asking for too much.

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Aim_High — Mon, 26 Dec 2022 19:56:20 GMT

@Zoostation1 wrote:
I'm waiting to hit 6mo on of paid statementsm before apping for a CLI on my SavorOne. My goal is to ask for a 5k limit on a card that started with a $3k limit. I hope that won't be asking for too much.

Your success may depend on just how heavily you use your SavorOne, @Zoostation1. In general terms, most lenders are more generous as spend and/or paid utilization increases as a ratio of current credit limit. And with any lender, getting almost 2x current limit on a soft pull CLI request would be unusual without a great profile combined with heavier spend.

Specific to Capital One data points, when my Capital One card was in the ~$3K range, my normal CLIs were about $1K to $1.5K with moderate spend. As my limit increased over around $12K, the standard CLI interval went to $3K per six months. But of course, YMMV.

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Zoostation1 — Mon, 26 Dec 2022 20:17:32 GMT

@Aim_High wrote:
@Zoostation1 wrote:
I'm waiting to hit 6mo on of paid statementsm before apping for a CLI on my SavorOne. My goal is to ask for a 5k limit on a card that started with a $3k limit. I hope that won't be asking for too much.
Your success may depend on just how heavily you use your SavorOne, @Zoostation1. In general terms, most lenders are more generous as spend and/or paid utilization increases as a ratio of current credit limit. And with any lender, getting almost 2x current limit on a soft pull CLI request would be unusual without a great profile combined with heavier spend.

Specific to Capital One data points, when my Capital One card was in the ~$3K range, my normal CLIs were about $1K to $1.5K with moderate spend. As my limit increased over around $12K, the standard CLI interval went to $3K per six months. But of course, YMMV.

My previous CLI experience with Cap1 was on a then QS1 card with a $2k limit (about 2 weeks after opening the SavorOne). I used about $2000-2100 on it avg. per statement and after 7 months did a SP request and got $1500 for the CLI (PC from QS1 to VentureOne a few days after the CLI). I'm spending roughly the same on the SavorOne. I don't necessarily think they'll give me $2000 but it's what going to ask for in several months and hope for the best.

Re: What is the current time interval needed between asking Cap1 online for SP CLIs?

Aim_High — Mon, 26 Dec 2022 20:54:52 GMT

@Zoostation1 wrote:
@Aim_High wrote:
@Zoostation1 wrote:
I'm waiting to hit 6mo on of paid statementsm before apping for a CLI on my SavorOne. My goal is to ask for a 5k limit on a card that started with a $3k limit. I hope that won't be asking for too much.
Your success may depend on just how heavily you use your SavorOne, @Zoostation1. In general terms, most lenders are more generous as spend and/or paid utilization increases as a ratio of current credit limit. And with any lender, getting almost 2x current limit on a soft pull CLI request would be unusual without a great profile combined with heavier spend.

Specific to Capital One data points, when my Capital One card was in the ~$3K range, my normal CLIs were about $1K to $1.5K with moderate spend. As my limit increased over around $12K, the standard CLI interval went to $3K per six months. But of course, YMMV.
My previous CLI experience with Cap1 was on a then QS1 card with a $2k limit (about 2 weeks after opening the SavorOne). I used about $2000-2100 on it avg. per statement and after 7 months did a SP request and got $1500 for the CLI (PC from QS1 to VentureOne a few days after the CLI). I'm spending roughly the same on the SavorOne. I don't necessarily think they'll give me $2000 but it's what going to ask for in several months and hope for the best.

Understand. I've never limited myself to what I expected from Capital One or other lenders on my CLI requests anyway, and have normally found they will offer what they offer. Asking for a higher amount, IMO, doesn't hurt at all, since they will normally just counter with what they are comfortable with. On the other hand, asking low might mean they approved it but you've "left some on table" that could have been achieved. It would be interesting to see if you can break the $1500 increase which was typical from my experience also in that CL range, so I'll watch to see your data points when the time comes. I mainly just responded to temper expectations and pass along my experiences since Capital One can make credit limit increases challenging. That's a healthy amount of spend on a $3K limit, so maybe asking for even higher than $5K might yield a positive outcome. Good luck!