topic Re: CLI on Capital One in Credit Cards

CLI on Capital One

icyhot — Sun, 10 Feb 2019 19:09:34 GMT

I just got approved for the CapOne Platinum card @ $500. I’m wondering if CapOne has the same data points since I was last in the CC game, heavy usage with a soft pull CLI at 3 months then the credit steps increase at 5 months. Also, am i able to PC this card to the QS, or just the QS1? I’ll probably only have this card for a while, I burned everyone else

Re: CLI on Capital One

GApeachy — Sun, 10 Feb 2019 19:37:56 GMT

Not an answer but I wanted to share a smidge of recent info... right before my 4th stmt cut last week I app'd for cli early, before the 5 month steps were up, and the letter came yesterday stating I did not use enough of my credit to merit an increase. I don't even think they sp'd me because my Equifax report shows sp's and the last one Cap1 had done on me (review) was a month ago. Anyhow, just thought I'd share my failure (due to lack of heavy use) to maybe go along with anyone else data points.

edit to add: $500 plat, started end of Oct 2018

Re: CLI on Capital One

HeavenOhio — Sun, 10 Feb 2019 19:42:29 GMT

Capital One CLI requests are soft pulls.

Definitely ask for a CLI before the Steps increase. In this case, take what you can get. A pre-Steps CLI won't reset the six-month wait before you're eligible for a CLI again, but the Steps increase will.

Using the card heavily and paying in full is the general MO for Capital One CLIs. However, the great majority of Capital One starter cards issued with low starting limits are forever stuck in a starter bucket and won't grow. Thw only way to know if you're an exception is to try.

QuicksilverOnes are notoriously hard to upgrade. But upgrades occur frequently enough that you don't have to abandon hope. A handful of data points indicate that consecutive months of usage may help. I was able to PC two QS1s after 12 or 13 consecutive months of usage.

The bottom line is to use the card every month and call in and ask about upgrades every month. Don't get discouraged if this takes a while.

Re: CLI on Capital One

GApeachy — Sun, 10 Feb 2019 19:53:26 GMT

@HeavenOhio I'm not trying to highjack this thread but I appreciate OP's question and need to know some more. Is it the same for Platinum as well? I was only using about $200-300, pif two or three times and got the "not enough" usage verbiage. So I racked up $450.00 and sitting on it until a day or two before due date. (Is that how I should do the Platinum?)

Re: CLI on Capital One

HeavenOhio — Sun, 10 Feb 2019 19:54:52 GMT

Capital One Platinums are usually stuck in starter buckets and difficult to grow. But they're much easier to upgrade to Quicksilvers than QuicksilverOnes are.

Re: CLI on Capital One

GApeachy — Sun, 10 Feb 2019 19:58:41 GMT

@HeavenOhio wrote:
Capital One Platinums are usually stuck in starter buckets and difficult to grow.

Awww, poop! I was afraid I got a dud. Thanks for chiming back in.

edit: okay, maybe the upgrade, if and when available, is my gameplan....thanks!

Re: CLI on Capital One

HeavenOhio — Sun, 10 Feb 2019 20:00:25 GMT

@GApeachy, in case you missed my edit above, I noted that Platinums are much easier than QuicksilverOnes to upgrade. Unfortunately, the upgrade doesn't usually do much to change one's starter status. But you do get rewards without a fee.

Re: CLI on Capital One

Anonymous — Sun, 10 Feb 2019 20:03:12 GMT

Capital One is a YMMV issuer. My Plat (QS convert) managed to grow to $8250 with my last $2K CLI last year from $500 credit steps origins in 2014.

But my usage was exactly what Cap likes to see - it got all of my spend that wasn’t a PlayStation category (and PlayStation was a Cap card too), lots of PIF with the occasional revolved balance for a month or two, never late even a day.

Cap definitely likes lots of spend and lots of payment. Now that it’s been overshadowed by my other cards and has become a SD resident with SSFCU, I got denied a CLI for the first time in December.

Re: CLI on Capital One

Anonymous — Sun, 10 Feb 2019 20:08:11 GMT

@icyhot wrote:
I just got approved for the CapOne Platinum card @ $500. I’m wondering if CapOne has the same data points since I was last in the CC game, heavy usage with a soft pull CLI at 3 months then the credit steps increase at 5 months. Also, am i able to PC this card to the QS, or just the QS1? I’ll probably only have this card for a while, I burned everyone else

I started out with a secured cap1 plat, and at the mark it did graudate but no CLI. little over a year, i emailed the cap1 EO (can google address) and they did let me change it to a QS (no AF) but i got no intro APR or spend bonus. Still stuck at the starter limit and its been almost 2 years.

The only way i know it get a better limit is to app another card and after 12 months, combine them. Aside from that, its nice to throw a couple bucks at every 6 months and PIF to keep open and pad AAoA.

Re: CLI on Capital One

GApeachy — Sun, 10 Feb 2019 20:07:17 GMT

@Heavenohio and @Saeren Good to know, thank you. @Icyhot hope you post back with your successes when they arrive.

Re: CLI on Capital One

Anonymous — Sun, 10 Feb 2019 22:03:44 GMT

I can speak as to my experience with Cap1 Plat -

Your datapoints seem accurate. Soft pull every three, CLI at 5-6 months, then again about year later, and a year later.

I started at $400 secured, and now am at 2700 unsecured, over three years, never asking THEM for a CLI. High utilization - usually 90% until very recently.

Re: CLI on Capital One

Anonymous — Mon, 11 Feb 2019 13:37:49 GMT

I started with the platnium feb 1st 2018 with a starting line of 500 unsecrured with i beleive a 640 acrossed the board. After 3 months I requested a cli before steps program started and they gave me 100. after the fith statement (steps completed) it went to 750. Soon as i hit 7months i was able to PC to the quick silver platnium no af. Then at my 1 year mark they gave me 1500 cli. So now it is 2250. I also have the qs1 which i started with before i got the platnium also now at 2250 it hits 1 1/2 next month on it but same increase pattern so far for both. thats been my story with cap one so far credit scores now are 680 across the board now. Hope that helps.

Regards,

Re: CLI on Capital One

Anonymous — Mon, 11 Feb 2019 14:16:30 GMT

It's possible to PC/upgrade it to regular QS. I did that 3 months after having the card.

Re: CLI on Capital One

Anonymous — Thu, 14 Feb 2019 21:55:49 GMT

Laurachrissy,

I'm interested in your comment about being able to see SPs on your Equifax report. Is this your FreeCredit Report, or are you subscried to Equifiax? I'm subscribed to Equifax but cannot find where it shows my SPs to save me - any guidance you can provide?

Thank you!!

@GApeachy wrote:
Not an answer but I wanted to share a smidge of recent info... right before my 4th stmt cut last week I app'd for cli early, before the 5 month steps were up, and the letter came yesterday stating I did not use enough of my credit to merit an increase. I don't even think they sp'd me because my Equifax report shows sp's and the last one Cap1 had done on me (review) was a month ago. Anyhow, just thought I'd share my failure (due to lack of heavy use) to maybe go along with anyone else data points.

edit to add: $500 plat, started end of Oct 2018