topic Re: When does CLI report? in Credit Cards

When does CLI report?

Anonymous — Tue, 16 Jun 2015 03:12:38 GMT

This is for Cap One cards. I have QS1 with low limit, but it certainly got me in with Venture of just one month of using it many times and PIF. I hit the luv button, but did not accept the 1K increase. I figured perhaps next month or two it will show for higher increase. I'm on my second month with it. When does the CLI eport once I take it? Within days or when the next statement cuts?

Re: When does CLI report?

Pway — Tue, 16 Jun 2015 03:20:18 GMT

I can't believe you did not take that increase. The CLI will show up on your next reporting cycle.

Re: When does CLI report?

DeeBee78 — Tue, 16 Jun 2015 03:29:07 GMT

@Pway wrote:
I can't believe you did not take that increase. The CLI will show up on your next reporting cycle.

I've been seeing several forum members decline CLI's from Cap 1 lately, because it resets the CLI click for another 6 months. If they don't accept it, and continue to improve their credit, they can request a much larger CLI after a couple of months instead of 6.

Of course this is nothing but theoretical speculation

Re: When does CLI report?

Anonymous — Tue, 16 Jun 2015 03:35:04 GMT

@Pway wrote:
I can't believe you did not take that increase. The CLI will show up on your next reporting cycle.

Well, to be honest, it's because I was planning on closing it after a year. After I close on a home I will be closing cards I don't need/use and focus on just getting/keeping those that will grow with me and have nice limits. I've read Cap One $500 cards don't grow as much. But, I'm considering getting limit increase just for scores.

Re: When does CLI report?

Pway — Tue, 16 Jun 2015 03:33:59 GMT

@DeeBee78 wrote:
@Pway wrote:
I can't believe you did not take that increase. The CLI will show up on your next reporting cycle.
I've been seeing several forum members decline CLI's from Cap 1 lately, because it resets the CLI click for another 6 months. If they don't accept it, and continue to improve their credit, they can request a much larger CLI after a couple of months instead of 6.

Of course this is nothing but theoretical speculation

You are correct, however, when I am given a CLI I look at the growth I have come from. Being dc from bk a year ago.