topic Re: Cap 1 CLI-Sorta in Credit Cards

Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 19:53:05 GMT

Have reached the year mark on Cap 1 Plat PCd to QS1. Current limit is $1300. Hit luv button. Offered $1k. Turned it down. Is this all I can expect on this card? Granted it is a 77% increase, which isn't bad. Was hoping for $2k so I could combine limits on both QS1s. Should I take th $1k and wait 4 months for the other QS1 to hopefully get an increase or turn it down and hope for a larger increase. Since I got the Venture One and travel alot, that has been my go to card.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 20:32:10 GMT

I'm not quite sure why you turned the CLI down. You pointed out yourself that it's a 77% increase. I really don't know what your other situational dynamics are. (Income, inquiries, collections)......maybe just a little more patience and time will give you what you're looking.....Mind you, you do have the Venture, and if you travel a lot, that would be the card that I would look to get increases on.

Re: Cap 1 CLI-Sorta

JamP — Sun, 16 Aug 2015 20:42:52 GMT

Wait a month and try again? They already offered 1k maybe they will offer 2k.

I guess I probably would have taken it though.

Wonder if you were to try everyday or every few days would they keep offering 1k?

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 20:46:24 GMT

@Anonymous wrote:
Have reached the year mark on Cap 1 Plat PCd to QS1. Current limit is $1300. Hit luv button. Offered $1k. Turned it down. Is this all I can expect on this card? Granted it is a 77% increase, which isn't bad. Was hoping for $2k so I could combine limits on both QS1s. Should I take th $1k and wait 4 months for the other QS1 to hopefully get an increase or turn it down and hope for a larger increase. Since I got the Venture One and travel alot, that has been my go to card.

To me, I am yet to understand why people who request CLI then turn it down. How do you know the bank with give you a higher CLI next time you request it? It all comes down to what you want. If I were in your shoes, I'd take it and then keep using the card. The credit game is all about strategy.

I am curious to know all those people that posted that they turn the CLI down what the next amount offered was when they requested again for data points..

Re: Cap 1 CLI-Sorta

CreditCuriosity — Sun, 16 Aug 2015 20:55:40 GMT

that is as you said a 77% CLI, i don't think you are going to be offered more. Anyways, I wish you luck though.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 20:56:55 GMT

@Anonymous wrote:
@Anonymous wrote:
Have reached the year mark on Cap 1 Plat PCd to QS1. Current limit is $1300. Hit luv button. Offered $1k. Turned it down. Is this all I can expect on this card? Granted it is a 77% increase, which isn't bad. Was hoping for $2k so I could combine limits on both QS1s. Should I take th $1k and wait 4 months for the other QS1 to hopefully get an increase or turn it down and hope for a larger increase. Since I got the Venture One and travel alot, that has been my go to card.
To me, I am yet to understand why people who request CLI then turn it down. How do you know the bank with give you a higher CLI next time you request it? It all comes down to what you want. If I were in your shoes, I'd take it and then keep using the card. The credit game is all about strategy.

I am curious to know all those people that posted that they turn the CLI down what the next amount offered was when they requested again for data points..

That's why I put the question out there. I'm try to learn how to best strategize. My Income is $80k a year and I have 5 INQs TU, 12 INQs EQ and 12 INQs EX. No collections. This month I lost 12 INQs each from the 3 CBs due to dealer auto shopping last year where the requests were not coded correctly. There is only a couple more cards I would like to have, but I don't plan on applying for anything until next summer, then all of those will hit the 1 year mark and I can apply. I want to combine limits on the QS1s, but I would like it to be a $5k card, but as you pointed out, the possibility exist that I wouldn't get a future increase. I trust my peeps on the forum to give me good advice, so thanks for the advice.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 20:59:43 GMT

@Anonymous wrote:

@Anonymous wrote:
@Anonymous wrote:
Have reached the year mark on Cap 1 Plat PCd to QS1. Current limit is $1300. Hit luv button. Offered $1k. Turned it down. Is this all I can expect on this card? Granted it is a 77% increase, which isn't bad. Was hoping for $2k so I could combine limits on both QS1s. Should I take th $1k and wait 4 months for the other QS1 to hopefully get an increase or turn it down and hope for a larger increase. Since I got the Venture One and travel alot, that has been my go to card.
To me, I am yet to understand why people who request CLI then turn it down. How do you know the bank with give you a higher CLI next time you request it? It all comes down to what you want. If I were in your shoes, I'd take it and then keep using the card. The credit game is all about strategy.

I am curious to know all those people that posted that they turn the CLI down what the next amount offered was when they requested again for data points..

That's why I put the question out there. I'm try to learn how to best strategize. My Income is $80k a year and I have 5 INQs TU, 12 INQs EQ and 12 INQs EX. No collections. This month I lost 12 INQs each from the 3 CBs due to dealer auto shopping last year where the requests were not coded correctly. There is only a couple more cards I would like to have, but I don't plan on applying for anything until next summer, then all of those will hit the 1 year mark and I can apply. I want to combine limits on the QS1s, but I would like it to be a $5k card, but as you pointed out, the possibility exist that I wouldn't get a future increase. I trust my peeps on the forum to give me good advice, so thanks for the advice.

Take the CLI. Every little bit helps. What is your other limit on the other CAP 1 card?

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:01:12 GMT

The Venture One is $5k. The other QS1 is $2k.

Re: Cap 1 CLI-Sorta

JamP — Sun, 16 Aug 2015 21:05:33 GMT

I would love another 1k on my QS1.

I don't think the QS1 is designed to go much over 3 - 5k since its a builder card.

Does anyone have a QS1 with more then 5k on it?

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:04:47 GMT

@Anonymous wrote:
The Venture One is $5k. The other QS1 is $2k.

So the 1k will bring the QS1 to 3k. For the Venture, since you are using it alot have you requested a CLI yet? If you haven't, don't combine the accounts yet so that that limit can also be increased on the Venture also.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:13:07 GMT

@Anonymous wrote:
@Anonymous wrote:
The Venture One is $5k. The other QS1 is $2k.
So the 1k will bring the QS1 to 3k. For the Venture, since you are using it alot have you requested a CLI yet? If you haven't, don't combine the accounts yet so that that limit can also be increased on the Venture also.

No. It will bring this QS1 to $2.3K. It started off as $300 Platitum through credit steps. Then at 6 months went to $1.3K. Now I've hit a year and am being offered another $1k. I PCd it at 6 months to a QS1. The other QS1 started at $500 through credit steps then went to $2K by the end of the steps. It won't "qualify" for an increase for another 4 months. The Venture One started at $3k and was increased after second statement to $5k. I've done a lot of apping this year, so I don't plan on applying for anything else until next year since my AAoA stinks right now.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:28:26 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
The Venture One is $5k. The other QS1 is $2k.
So the 1k will bring the QS1 to 3k. For the Venture, since you are using it alot have you requested a CLI yet? If you haven't, don't combine the accounts yet so that that limit can also be increased on the Venture also.
No. It will bring this QS1 to $2.3K. It started off as $300 Platitum through credit steps. Then at 6 months went to $1.3K. Now I've hit a year and am being offered another $1k. I PCd it at 6 months to a QS1. The other QS1 started at $500 through credit steps then went to $2K by the end of the steps. It won't "qualify" for an increase for another 4 months. The Venture One started at $3k and was increased after second statement to $5k. I've done a lot of apping this year, so I don't plan on applying for anything else until next year since my AAoA stinks right now.

Ok.. Thanks for the clarification. I will take the 1K then then combine as planned. Take the CLI.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:26:21 GMT

Ok. Sounds like a plan.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:31:20 GMT

@Anonymous wrote:
Ok. Sounds like a plan.

Look at it this way. You can have 5 CAP 1 cards. So combine and to have a big limit on one card and then therother one closes. A few months later, app for another Venture or QS for a bigger limit.

CC like to see how applicants use big limits when deciding new application. Big limits also begets other big limits. So you are setting yourself up nicely here. Take it, take it. take it..

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:33:57 GMT

Moderator, could you please close this message out.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:34:50 GMT

@Anonymous wrote:
Moderator, could you please close this message out.

Why do you want it closed out? Other users can use it as data points.

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:35:13 GMT

Double post-

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:43:08 GMT

I've seen the wisdom of what everyone has said and have accepted the CLI. (see approvals).

Re: Cap 1 CLI-Sorta

Anonymous — Sun, 16 Aug 2015 21:51:10 GMT

@Anonymous wrote:
I've seen the wisdom of what everyone has said and have accepted the CLI. (see approvals).

Ahh.. got it.

Re: Cap 1 CLI-Sorta

Divaofsongs — Mon, 17 Aug 2015 00:52:16 GMT

I have 3 cards with Cap One, 2 are QS1 cards (credit builder cards) and the other is the Venture One card. The 2 QS1 cards started at $300 and $500 and my first CLI with them was only $1000 but the second CLI 6 months later was $3000 each card and now at the 2 year mark my limits are $8300 and $7750, so to the person who asked if credit builder cards go above $5000, I can say for certain that both of mine did. I am 2 years post chapter 7 bk discharge.

I think you should take the $1000 and then try again in 6 months. I can tell you from my experience, as well as that of my sister and husband, the amount of CLI they offer is largely based on the amount of usage you give the card. The cards we use a lot and for a larger portion of the CL, are the cards they offer a higher CLI on. The cards we sparsely use are the ones they offer lower CLI on. I can also tell you that they rarely offer CLI's sooner than every 6 months.