topic Re: Capital one CLI in Credit Card Applications

Capital one CLI

PufferKing — Sun, 20 Oct 2024 18:52:02 GMT

Got a capital one Venture One in August 2024 with a SL of $1000.00 I've been using it like crazy and paying it off what are the chances of requesting a CLI and getting it my balance right now on the card is $35.00. I'm taking a trip this week and wanted to use the card for the rewards.
I do have other capital one cards with way higher limits.
Does it hurt anything by requesting CLI with capital one.

thanks

Re: Capital one CLI

Jnbmom — Sun, 20 Oct 2024 19:07:49 GMT

I would wait 6 months as you just opened it 2 months ago .

Re: Capital one CLI

PufferKing — Mon, 21 Oct 2024 01:17:01 GMT

Ok thanks

Re: Capital one CLI

Snook_on_the_Line — Mon, 21 Oct 2024 02:47:56 GMT

The earliest cli I've gotten from cap1 was at the three month mark. It was an auto cli from 500 to 1500

requesting online or in the app won't hurt anything. It's a soft pull and the automated system either says yes, or generates some canned reason why it's a no.

there seems to be no rhyme or reason to it

my last cap1 cli I requested 2500 and it said no

so an hour later I requested 7500 and they countered with 2500 🤷‍♂️

Re: Capital one CLI

USMCOne — Mon, 21 Oct 2024 14:23:42 GMT

Can't hurt but odds are no. To soon. You will get a auto response email.

One solution you can also transfer credit limits around from one Capitol One card to another. I have a Venture, a Savor and had a Quicksilver. I never was using my Quicksilver so I transferred the line of credit to my Venture. It let me do all but 500.

Re: Capital one CLI

PufferKing — Mon, 21 Oct 2024 16:13:31 GMT

Thanks I just tried it and they offered a $100.00 credit limit increase 🤣 I declined it figured I tried back next month.
I think I'll transfer my Walmart card limit to the venture card now that It changed over to athe quick silver card and I already have a quick silver card with a high limit and zero balance.

Re: Capital one CLI

JSUB — Mon, 21 Oct 2024 17:49:32 GMT

Go for it. I got the Saviior One in May. I requested and received a CLI in July.
Nothing Ventured X nothing gained.

Re: Capital one CLI

PufferKing — Mon, 21 Oct 2024 19:54:29 GMT

I did try and they offered me a $100 CLI I turned it down and will try again later.

Re: Capital one CLI

FicoMike0 — Tue, 22 Oct 2024 00:20:37 GMT

I never turn their offers down. I always ask for 2X. I've gone from $2000 to $2500 to $2900 to $3200 in 18 months. I seldom change more than $30 to it. I'd probably close the qs, but I sometimes like one of their offers. I think I'll pc it to savor.

Re: Capital one CLI

Yoshi1981 — Tue, 22 Oct 2024 00:28:58 GMT

@PufferKing wrote:
I did try and they offered me a $100 CLI I turned it down and will try again later.

@PufferKing Good luck bc that strategy never worked for me. Once the $100 specials started they didn't stop whether I declined and came back later or not.

Re: Capital one CLI

Snook_on_the_Line — Tue, 22 Oct 2024 03:41:19 GMT

FYI moving limit from another card will make you ineligible for a CLI for six months

Re: Capital one CLI

PufferKing — Tue, 22 Oct 2024 03:54:59 GMT

I kinda figured it would.
should I try again and accept what it gives then transfers my limits or will it block the limit transfer after I accept the CLI.

Re: Capital one CLI

whoisisaac — Mon, 28 Oct 2024 18:58:22 GMT

I used the online Cap One CLI request and asked for a 50% increase which was auto denied.

Tried asking for a 20% CLI the next day and was also auto denied.

Both times response was:

"We know this isn't the answer you were hoping for and we want to
help you understand why:
• Your average monthly payment has been too low"

My Trans Union score is 801 and has been slowly sliding over 10 months due to single card utilization which has risen on my Capital One Quicksilver. My Credit Utilization is only 4% for all my accounts but the CL of my only Capital One account a Quicksilver card is low. I waited 10 months before asking for a CLI to be on the safe side.

So I guess I *understand* that slow responsible credit usage isn't the profile Capital One rewards with a Credit Limit Increase or else its just a "bucketed" account that never had any chance to begin with.

Probably need to pay it down after the inquiry drops off and apply for a new card?

Wasting *live* customer service time on the phone isn't going to help with a CLI either if its bucketed.

Living with a credit score barely above Warren Buffets 716 isn't pretty but its probably smart.

Re: Capital one CLI

intelecorp — Mon, 28 Oct 2024 21:26:32 GMT

I just requested one on Cap 1 Venture. My SL Mid April 2024 was $8k, just got an SP approval to $13k. Had requested $20k, so they met me abotu half way. Will try again in another 6 months.. this is one of my lowest CLs from any major banks so would like to see it push $20k eventually.

@PufferKing wrote:
Got a capital one Venture One in August 2024 with a SL of $1000.00 I've been using it like crazy and paying it off what are the chances of requesting a CLI and getting it my balance right now on the card is $35.00. I'm taking a trip this week and wanted to use the card for the rewards.
I do have other capital one cards with way higher limits.
Does it hurt anything by requesting CLI with capital one.

thanks

Re: Capital one CLI

RobDub — Tue, 29 Oct 2024 21:42:31 GMT

After reading through a lot of these forums, I requested a CLI on both of my CapOne cards, my quicksilver went from $400 to $500 which obviously wasnt much, but my Platinum that started out as a secured card and is now unsecured went from $300 to $1300!!! These forums have been so helpful!!!

Re: Capital one CLI

PufferKing — Wed, 30 Oct 2024 04:33:36 GMT

I'm fine with that not getting a credit increase for 6 months. But if I transfer $2000 from my Savor one card will I lose the 0% interest for 15 months promo.

Re: Capital one CLI

JSUB — Wed, 30 Oct 2024 20:41:52 GMT

@Snook_on_the_Line wrote:
FYI moving limit from another card will make you ineligible for a CLI for six months

Nice to know. Thanks.

Re: Capital one CLI

Snook_on_the_Line — Wed, 30 Oct 2024 23:41:47 GMT

@JSUB wrote:
@Snook_on_the_Line wrote:
FYI moving limit from another card will make you ineligible for a CLI for six months
Nice to know. Thanks.

It works the other way around too

When closing my platinum MC, I tried to move some limit from my platinum to my savor and wasn't able too because I had received a cli in the last six months on both cards

cap1 cited their rule that credit limits can only be adjusted once every six months.
this includes CLIs, CLDs and credit limit reallocations.