topic Capitalone luv button help/advice in Credit Cards

Capitalone luv button help/advice

My_Fako — Thu, 03 Sep 2015 23:28:38 GMT

Anyone know if a decline a Increase, will I be able to try again in a few days after my next statement cuts in a few day...

I have two old cap1 cards... Last increase on one of them was about 6 months ago. Just paid them both off. Was approved for a April reduction a few months ago.

Also don't know if I should combined them, then ask for a Increase. Or if that hurts my chances.

I have 2 qs1

$1500 list and one with $1750 limit. The one with $1750 is due for a Increase...

Thanks for all any and all advice!!!

Ps. Should I put more $$ in the monthly spend on credit cards field. (luv button)

Re: Capitalone luv button help/advice

Anonymous — Thu, 03 Sep 2015 23:39:36 GMT

I believe capone luv button is soft pull, so clicking it whenever shouldn't affect you. However, that said, I believe you'll have better luck trying at 6 month intervals from what I've read. Seems that's the time frame most pull have the best chances

Re: Capitalone luv button help/advice

bodyboy1 — Fri, 04 Sep 2015 00:04:19 GMT

@My_Fako wrote:
Anyone know if a decline a Increase, will I be able to try again in a few days after my next statement cuts in a few day...

I have two old cap1 cards... Last increase on one of them was about 6 months ago. Just paid them both off. Was approved for a April reduction a few months ago.

Also don't know if I should combined them, then ask for a Increase. Or if that hurts my chances.

I have 2 qs1

$1500 list and one with $1750 limit. The one with $1750 is due for a Increase...

Thanks for all any and all advice!!!

Ps. Should I put more $$ in the monthly spend on credit cards field. (luv button)
> In the decline letter from capital One.. there is a statement.. it says that your request for an increase will not effect your Credit/soft pull.. i would not Combine yet & i would try again just b4 Christmas!

Re: Capitalone luv button help/advice

My_Fako — Fri, 04 Sep 2015 00:44:59 GMT

I was thinking about trying increase and if I get it... Then combine. And apply for a new. Cap1 card?

Re: Capitalone luv button help/advice

OmarGB9 — Fri, 04 Sep 2015 01:52:04 GMT

Increases can be requested at any time and they're always SPs. However, most of the time they seem to get declined if you recently got an increase. Time frame between CLIs seems to be about 6 months. Btw, combining resets your CLI clock so I would try to get a CLI BEFORE combining accounts.

Re: Capitalone luv button help/advice

kdm31091 — Fri, 04 Sep 2015 01:59:40 GMT

You can ask whenever and it's a SP, but generally speaking, success only comes every 6 months. There are small exceptions (sometimes a few days before 6 months etc) but generally, Capital One adheres to that policy.

Re: Capitalone luv button help/advice

Anonymous — Fri, 04 Sep 2015 13:34:14 GMT

This can all be found right in the CapOne credit line increase FAQs

http://www.capitalone.com/credit-cards/credit-line-increase/

Are all Capital One cards eligible for credit line increases?

Some accounts are typically not eligible for increased credit lines upon request, such as accounts that are less than three months old, and accounts that have received a credit line increase or decrease in the last six months.

While these types of accounts are usually ineligible for credit line increases upon request, other accounts are not guaranteed to be approved.

What factors determine if I’m eligible for a credit line increase?

When considering an account for a credit line increase, we may look at a variety of factors such as your on-time payment history, average monthly payment amount, credit bureau information, and credit score. We also may look at whether you use a significant portion of your existing credit line. If you regularly use your card and make payments on time, it builds your account's payment history. If not, we may not have sufficient payment history to review.

Two of the important factors that help determine your eligibility for a credit line increase are in your control: on-time payments and making substantially more than your minimum payment every month. We want to make sure you’re able to make the increased payments that may be required if you used your increased credit line. So, using your card responsibly by having a solid history of making on-time payments and making more than your minimum payment are two ways you can improve your eligibility for a credit line increase.