topic Re: Cap One-Quicksilver 1 in Credit Cards

Cap One-Quicksilver 1

crissyanj — Thu, 28 Jul 2016 13:50:20 GMT

Why oh Why...everytime I request a credit limit increase from capital one the only thing they want to approve me for is $100?! Since getting this card and I have other cards, my credit limits have been increased as well as my credit score. However, Capital One doesn't seem to want to budge!

Any suggestions?!

Re: Cap One-Quicksilver 1

SouthJamaica — Thu, 28 Jul 2016 13:54:09 GMT

@crissyanj wrote:
Why oh Why...everytime I request a credit limit increase from capital one the only thing they want to approve me for is $100?! Since getting this card and I have other cards, my credit limits have been increased as well as my credit score. However, Capital One doesn't seem to want to budge!

Any suggestions?!

My suggestion would be to decline the next $100 CLI they offer. Some people have had success declining small Capital One CLI's, then getting a larger one several months down the road.

Re: Cap One-Quicksilver 1

crissyanj — Thu, 28 Jul 2016 14:11:22 GMT

That's what I did. I will just wait and try again later.

Re: Cap One-Quicksilver 1

Anonymous — Thu, 28 Jul 2016 14:15:28 GMT

Depending on your score you might want to apply for the capital one venture, I was getting one hundred dollar increases, then I applied for the venture and they gave me 15k, after 6 months they gave me an additional 3k. It's the same concept when you're working for an employer for a long time, you can either be satisfied with quarterly small raises, or change employers at a higher hourly rate, and now you can start fresh with those large sum raises I hope this helps, best of luck

Re: Cap One-Quicksilver 1

Anonymous — Thu, 28 Jul 2016 14:20:27 GMT

What's your usage on the card?

I got a QS1 two years ago with a $300 limit, I think I ran about $1000 thru it every month and at the end of the credit steps, they bumped me up to $2300. Continued the same usage and got bumped up to $6300. My last CLI took me to $9800.

I PC'd to a "normal", no annual fee QS when I hit $6300.

Re: Cap One-Quicksilver 1

bourgogne — Thu, 28 Jul 2016 15:01:36 GMT

@Anonymous wrote:
What's your usage on the card?

I got a QS1 two years ago with a $300 limit, I think I ran about $1000 thru it every month and at the end of the credit steps, they bumped me up to $2300. Continued the same usage and got bumped up to $6300. My last CLI took me to $9800.
I PC'd to a "normal", no annual fee QS when I hit $6300.

^ this. same thing, 300>12300 just from use and pif. going to test this is sept when I cli without any use, bet the offer will be very low

Re: Cap One-Quicksilver 1

Pway — Thu, 28 Jul 2016 15:09:43 GMT

Capital One love useage and large payments. When I was a part of the credit steps, I used my card for everything. I paid in full rinse and repeat. As others have stated what is your useage and what type of payments are you making?

Re: Cap One-Quicksilver 1

Anonymous — Fri, 29 Jul 2016 13:00:11 GMT

I, too, am testing the constant usage and PIF. Originally received a Cap1 Platinum MC, PC'd it to a QS no AF MC before the first statement.

My card limit is $500 and I usually get to a max of 60% utilization multiple times a week and then PIF. So far, in just over a month, I've ran over $3k through. The second statement generates in another week (or so) at which time my utilization will be around 3% and I'm going to request a CLI via the luv button.

Re: Cap One-Quicksilver 1

bourgogne — Fri, 29 Jul 2016 13:32:34 GMT

@Anonymous wrote:
I, too, am testing the constant usage and PIF. Originally received a Cap1 Platinum MC, PC'd it to a QS no AF MC before the first statement.

My card limit is $500 and I usually get to a max of 60% utilization multiple times a week and then PIF. So far, in just over a month, I've ran over $3k through. The second statement generates in another week (or so) at which time my utilization will be around 3% and I'm going to request a CLI via the luv button.

my advice, not that you are asking for it is to not rush things because it makes you look desperate. make sure you wait more than 6 months, add a week and never cli with a balance. just my .02 from a guy that did a 300>12,300. lenders like it clean. good luck.

Re: Cap One-Quicksilver 1

crissyanj — Fri, 29 Jul 2016 13:44:01 GMT

Thank you guys for all the advice!! I'm holding tight and NOT taking a $100 increase! Only in the past couple of weeks, I've been using my card for everything and paying it off. i will keep doing that until I get a better increase!

Re: Cap One-Quicksilver 1

Anonymous — Fri, 29 Jul 2016 13:45:18 GMT

@bourgogne wrote:
@Anonymous wrote:
I, too, am testing the constant usage and PIF. Originally received a Cap1 Platinum MC, PC'd it to a QS no AF MC before the first statement.

My card limit is $500 and I usually get to a max of 60% utilization multiple times a week and then PIF. So far, in just over a month, I've ran over $3k through. The second statement generates in another week (or so) at which time my utilization will be around 3% and I'm going to request a CLI via the luv button.
my advice, not that you are asking for it is to not rush things because it makes you look desperate. make sure you wait more than 6 months, add a week and never cli with a balance. just my .02 from a guy that did a 300>12,300. lenders like it clean. good luck.

Thanks for sharing! It seems like everyone believes different methods work the best. I've been told by numerous people on the forum not to miss the possible CLI between the second and third statement and that I would also receive my credit step CLI after 6-months. Not sure what I'll do, but I appreciate your input! Congrats, as well, for growing your card like that.