topic Re: How to get a Capital One CLI in Credit Cards

How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 19:33:26 GMT

Hi all. I'm new to posting but I've been lurking and learning a ton from the wisdom of this forum. I app'ed for a CLI from CO and got the 2-day deal instead of an approval. My understanding is that the 2-day is a denial, so I went ahead and contacted them via Facebook to request to speak to an account executive.

I took this approach based on a monster thread here title 'How to get a PC or CLI from Capital One'. Now, I did the FB thing and CO's FB team basically ignored my request by sending me a PM with basically a rote response. It was an article about how to get a CLI from CO's website.

I also saw that some people had success emailing the CEO, but I am unsure if that email is still accurate since the thread where I got this information from is old and that email may no longer be accurate. Especially because I know quite a few members from this forum used it, and some posters came back saying that they got no response going that route.

Is there another strategy that can be used to speak to an account executive? Is there a new email address? The only route I havent gone is to call directly because the CSR's seems to be the least effective route.

My FICO cs's are 708 EX, 721 TU, and 662 EQ and I've been a customer with them for a year this month. 100% on time payments and I pay more than the minimum payment. I was in the Credit Steps program and began with a secured card. Then they gave me an auto-CLI after 6 months. They also upgraded me to the QS last month. I feel like I'm due for a CLI since both my AMEX and Discover have 5,000 SL. Any help would be appreciated!!

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 19:47:14 GMT

From what you posted, it sounds like you have a starter or rebuilding Cap1 card, which means you are bucketed in a lower tier. (I’m not taking into account utility, derogs etc bc you didn’t mention them).

This card will more than likely not grow into a big limit.

To bypass this bucket, you should app for the QS, Savor, Venture1 or Venture. Check to see if you are pre-approved for any of those.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 19:54:53 GMT

Sorry, I forgot to mention those. Utilization is at 8.9% and no derogs. AAOA is 5 years.

I understand that CO has me in a lower tier despite my relatively good credit. They already gave me a QS, so obviously they think I deserve some type of reward, but why not a CLI?

I'm preparing to get a mortgage this summer, so I do not want to app for another card at this time. I just want them to increase the limit on this one.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:05:38 GMT

You have an upgraded QS....which means it’s still in the lower tier as your initial card. I understand preparing for a mortgage, but there isn’t any fool proof way to get a CLI especially on a beginner card with Cap1.

Good luck!

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:06:38 GMT

What reason did they give you for the denial of a CLI?

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:06:49 GMT

When was your auto CLI? You have to wait 6 full months after the last CLI and I believe that applies to auto CLIs, being bucketed aside.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:19:38 GMT

They haven't officially denied me yet. My understanding is that the 2 day reply is a deny.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:20:24 GMT

My auto-CLI was in August.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:23:37 GMT

wrote:
My auto-CLI was in August.

Has your statement cut this month?

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:24:00 GMT

I figured this might be the case. It will probably be the only CO I keep in my wallet then. It's my only rebuilder card and I'm thankful they gave me a chance. I just didn't know they would always look at me that way, which kind of sucks.

I've seen others have success on that other thread I referred to, and some of those people also had rebuilder cards. I just can't utilize the card very well with a 500 dollar limit.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:25:34 GMT

Yes. Due date was the 4th. 9% utilization on the card.

Re: How to get a Capital One CLI

Anonymous — Sun, 11 Feb 2018 20:30:10 GMT

You need to wait for the reason for the denial. Capital One will usually let you know within 2 to 3 days. They will tell you that you have a document to review, sign into your acct, review the document and let us know.

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 02:07:20 GMT

I got a Capital One Platinum card with a $500 SL (my first card to start my rebuild) about 11 months ago, they gave me an auto-CLI at the 6 Month mark to $750 for credit steps (which I then pced to a Quicksilver) and they just gave me another auto-CLI to $1250 at the 11 month mark and my card was at 66% utilization at the time of the 2nd auto CLI.

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 02:39:13 GMT

Thank you. I know I've seen other people do it on here as well. So I don't know why they denied me 😝

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 03:17:15 GMT

It's still important to understand that your account is indeed a starter account, so it isn't likely to ever grow significantly. It could very well plateau at something like $2k, with a couple of $500 CLIs every 6-12 months to eventually get you there. Your best bet is applying for a different CO product once all of your scores are in the low 700's and you'll get approved with a limit that's probably 3X-6X whatever the limit on your starter card is at the time.

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 03:57:35 GMT

So, I got the denial letter today. It says:

"A credit limit increase is not currently available upon request because Capital One is evaluating account activity at assigned credit limits."

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 04:05:44 GMT

wrote:
So, I got the denial letter today. It says:

"A credit limit increase is not currently available upon request because Capital One is evaluating account activity at assigned credit limits."

That sounds like they'may be evaluating you for a CLI. Did you apply for the CLI after your statement cut?

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 04:14:46 GMT

Yes.

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 16:05:26 GMT

I have a QS Mastercard that's a PC from a Platinum that I got a year ago at the start of my portfolio rebuild (PC'ed from Platinum to QS in June). I'm pretty certain it's bucketed as a "starter" card since it has "Platinum" on the back under the MC logo, which is from what I understand a fairly definitive tell of that status. The SL on the card was $3,000, auto-CLI'ed to $3,500 in September when the 6th statement cut, so if I get another CLI on this card it's likely to be next month.

That being said, I got a QS Visa Signature last month with a $10K SL, which, as indicated earlier in this thread, is a bit over 3X the SL of my QS MC. I would assume that, with proper management, this card is much more likely to grow significantly than the older one, so I'm now considering the pros and cons of paying down/off that card and then merging it with the newer QS (I'm also seriously planning on BT'ing the remaining balance on my old secured Platinum, then using the refunded deposit to pay down/off at least one other card).

Re: How to get a Capital One CLI

Anonymous — Mon, 12 Feb 2018 18:36:18 GMT

Pretty certain that I'm going to close out this account after my home purchase and Lowe's card that I'm going to app for. I need the AAOA to stay where it is now for that.

If it's not going to grow, I can't really use it. I need a third card that has a visa or MC on it since my other two aren't accepted everywhere.