topic Re: I declined CapOne CLI in Credit Cards

I declined CapOne CLI

Jolo0801 — Thu, 31 Dec 2015 13:44:26 GMT

So, I requested a CLI on my CapOne Business Spark.

By currenlty limit is $1,500 and they offered at $150 increase.

I declined week CLI increase because that does me no good.

Any advice on how to get a larger increase?

Re: I declined CapOne CLI

takeshi74 — Thu, 31 Dec 2015 13:50:19 GMT

Credit profile and income will determine what one qualifies for with personal cards. I'm guessing that business would be the same but I'm not sure if that's based on personal credit, business credit or both. You can try to see if they'll reallocate credit from your personal to business card if you have no headroom for a larger CLI with CO and you're willing to give up the Quicksilver.

Re: I declined CapOne CLI

Anonymous — Thu, 31 Dec 2015 13:54:58 GMT

Give it heavier use and check again in about a month. I've heard people getting small offers like yours, declining, and then being offered larger CLI's just weeks or months later.

Re: I declined CapOne CLI

Jolo0801 — Thu, 31 Dec 2015 13:57:24 GMT

Would I contact customer service for that

Re: I declined CapOne CLI

TrialByFire — Thu, 31 Dec 2015 18:06:26 GMT

Same thing happened to my 2 cap1 cards. Offered 150 on each at first. I figured out when they SP my report, which was the 9th. I waited until late night on the 9th or 10th then tried again. Offered 2k increase on each card. Give it a week or so and try again. As stated above heavy usage and payments don't hurt either 😁

Disclaimer: I'm not sure if there's a difference with business vs personal CC

Re: I declined CapOne CLI

Anonymous — Thu, 31 Dec 2015 19:19:53 GMT

How do you find out when cap 1 soft pulls the account?

Re: I declined CapOne CLI

TrialByFire — Thu, 31 Dec 2015 19:22:50 GMT

When you pull your full reports (free annual report, dispute results, or otherwise) there's a section under inquiries that says something along the lines of "inquiries only seen by you". There will be promotional and account review inqs with the date of sp.

Re: I declined CapOne CLI

Luscher — Thu, 31 Dec 2015 19:22:58 GMT

I would never decline any cli, no matter how much they offer. IMO

Re: I declined CapOne CLI

TrialByFire — Thu, 31 Dec 2015 19:26:03 GMT

True, I'd be grateful for any increase. However, there are too many stories indicating to hold out a couple weeks for a much larger one, at least when dealing with cap1.

Re: I declined CapOne CLI

UncleB — Thu, 31 Dec 2015 19:45:55 GMT

Some folks say there's nothing to it, but for me personally my own increases have always been more significant after recent heavy usage.

It's a given that your income, credit reports, etc. have an impact (we all know that) but many folks - myself included - have found Capital One to be especially responsive to high usage.

Re: I declined CapOne CLI

Anonymous — Thu, 31 Dec 2015 19:45:55 GMT

@TrialByFire wrote:
True, I'd be grateful for any increase. However, there are too many stories indicating to hold out a couple weeks for a much larger one, at least when dealing with cap1.

Yup, check back at a later date, possibly when your next statement cuts.

I was in the same exact scenario as you are right now. Offered only $300 on my 3 month mark.

Waited a month later, and doubled my CL from $3k to $6k ($3k CLI) just from waiting one more month.

Please don't contact CS or EO...

Re: I declined CapOne CLI

TrialByFire — Thu, 31 Dec 2015 19:58:28 GMT

+1 UncleB...if I'm specifically going for a cli, I'll wear the magnetic strip off a card 1-2 months before attempting one

Re: I declined CapOne CLI

creditguy — Fri, 01 Jan 2016 06:05:24 GMT

I always get a kick out of the wait a couple weeks for a better offer stories. There is no science behind this theory. Simply waiting does nothing, this isn't a negotiation. Your asking for something and offering nothing in return, what's cap ones upside in offering more later? The best way to get a CLI is to demonstrate a need for one. Run a ton of charges through the card and pay off several times, that catches an algorithms attention more than playing the waiting game. If a card is t being used to its full potential it appears a CLI isn't needed and won't be offered.

Re: I declined CapOne CLI

TrialByFire — Fri, 01 Jan 2016 07:43:28 GMT

Running a ton of charges through helps, I agree. In my case, and many others, I requested a cli a day or two before the 6 mo mark and they offered $150 cli. Waiting until 6 mo exactly or +1 or 2 days after cap1 SP my report made all the difference. How else would they go from offering $150 increase to $2,000? What would explain that? And that's on 2 cards for a total increase of $4,000. Now multiply that one incident by 10 fold and a pattern starts to develop.

OP, request a cli in 1 week. It's a SP so no damage done. If you still see an offer for $150, try again 2 weeks after that and report back with the results.