topic Capital One Tiny Increase in Credit Cards

Capital One Tiny Increase

Anonymous — Thu, 20 Jun 2019 08:27:00 GMT

I asked for a higher limit to my Quicksilver and was only offered an increase to $1100 from $1000. I have a $7500 limit card at Synchrony Bank and $3300 at Wells Fargo. I applied for the QS in January at a bad time for my credit score. It had dropped almost 100 points in the month before and was at 686 on Experian. It took about three months, but I got the scores back to my previous levels since then and the free credit scores from my banks show 782, 792, & 812. So I'm thinking I might be stuck because of when I applied. I'm considering trying to get either Savor or Savor One depending on which would give me a higher limit.

Re: Capital One Tiny Increase

Anonymous — Thu, 20 Jun 2019 08:40:50 GMT

Going back many years 2001 to 2009 (when I closed all eight of my Cap1 accounts) CSR could give a person a $100 CLI when they called in if all else failed. Until now, I don't remember reading about such activities? Just wondering?

Re: Capital One Tiny Increase

Remedios — Thu, 20 Jun 2019 12:25:34 GMT

@Anonymous wrote:
I asked for a higher limit to my Quicksilver and was only offered an increase to $1100 from $1000. I have a $7500 limit card at Synchrony Bank and $3300 at Wells Fargo. I applied for the QS in January at a bad time for my credit score. It had dropped almost 100 points in the month before and was at 686 on Experian. It took about three months, but I got the scores back to my previous levels since then and the free credit scores from my banks show 782, 792, & 812. So I'm thinking I might be stuck because of when I applied. I'm considering trying to get either Savor or Savor One depending on which would give me a higher limit.

Hi and welcome

Cap One does not pull monthly. They do AR every 3-4 months. So it might be a while till they see your new score (I am not even sure if they care about those). Also, they use an older scoring system.

If you already have a card, they expect some serious spending for at lest three months before requesting CLI

Re: Capital One Tiny Increase

FireMedic1 — Thu, 20 Jun 2019 13:18:05 GMT

+1 Cap1 likes heavy usage and PIF for a short period. Then ask for a CLI. Back in 2015-16 they handed them out like crazy. Not so much now. You can't compare banks to one another. They all have their own protocols for CLI's. Even some do HP's and some do SP's. No bank matches each other. Especially bipolar Disco!

Re: Capital One Tiny Increase

Anonymous — Thu, 20 Jun 2019 13:24:49 GMT

They gave me a whopping 150.00 increase and I used the card for everything, would make multiple payments thru the month and always paid the balance to 0 before the statement date...

Ill never understand them..

Re: Capital One Tiny Increase

Anonymous — Thu, 20 Jun 2019 13:26:25 GMT

If you could paint a more complete picture of your credit profile it would help. With your scores though not knowing the context of your cards and when they were opened and your plans for the future it would seem like you're poised to get an approval from anyone you apply for. Which brings to question why you would waste another application cap1?

Have you looked into other lenders? https://www.doctorofcredit.com/view-personalized-credit-card-offers/

Do you have a specific spend or goal in mind?

If you're looking for high limits but aren't going to push a ton of money through Cap1 it's not your best option by far.

Re: Capital One Tiny Increase

Anonymous — Fri, 21 Jun 2019 17:52:39 GMT

Thanks to everybody for the helpful posts.

I want to stay with my current card issuers for a while since it's more convenient. I was hoping to get at least a $2,000 limit within the next two months with a Capital One Card and make QS the main card. I spent about 3k on the card each of the last two periods and paid down to under $100 before the cut date.

I think if I had applied one month earlier, I would have gotten about a 5k limit.

As to some of my other factors:100% of Payments Made On Time, 1% util,8 yrs oldest credit line, 1 new account + inquiry last 2 years,

Re: Capital One Tiny Increase

Anonymous — Fri, 21 Jun 2019 17:56:22 GMT

@Anonymous wrote:
Going back many years 2001 to 2009 (when I closed all eight of my Cap1 accounts) CSR could give a person a $100 CLI when they called in if all else failed. Until now, I don't remember reading about such activities? Just wondering?

I didn't need to call to get the $100 CLI. I didn't accept the CLI and might call to try for higher CLI.

Re: Capital One Tiny Increase

Trudy — Fri, 21 Jun 2019 18:46:02 GMT

Not sure your score is the reason for a small limit. I've seen in post people with high 600's and low 700's with large CL with C1. I have relatively high scores and get nothing. When I opened a new card last year after a few years of no apps, I received a relatively small CL. I've concluded from this forum and my personal experience that low spend can limit CLI's with many CC companies. I haven't been able to get any increases on any card over the past few years with great scores. But I typically spend less than 1 - 5% on any card and lesser for all. C1 used to give me increases twice a year but as someone already stated, not so much any more.

Re: Capital One Tiny Increase

Anonymous — Wed, 26 Jun 2019 11:44:31 GMT

Maybe it will be more in a couple of months. I've been spending more than the limit the last two cycles, but maybe C1 hasn't done an account review for a few months. I'll have a couple more cycles of high spending and see what happens.

Re: Capital One Tiny Increase

delaney1 — Wed, 26 Jun 2019 12:32:37 GMT

I’m also not sure it’s about scores. When I was approved for my QS a few years ago the score they pulled was 648. They started me at 5k. I just got a 3k increase last month ( I pc’d it to a Savor last year)after not requesting a CLI for about two years, so my limit is now at 24k. You are putting 3k through a month, so that sucks that you got such a little increase. That’s in the ballpark of how much spend my card gets.

Re: Capital One Tiny Increase

NaaryalHead — Wed, 26 Jun 2019 18:16:45 GMT

Only time will tell how much an increase you get but as with most c1 cards, you might be bucketed so there is little to no chance of getting a proper cli if that is the case. My c1 is one of my lowest CL cards and I'm not happy.

Re: Capital One Tiny Increase

Anonymous — Thu, 27 Jun 2019 03:23:36 GMT

When I started my credit repair a couple of years ago (in my sig line you can see when it was - just look for the sub-600 scores) Cap1 was my only card, and it was a Secured card with a $500 limit. They wopuld not let me add more funds to it to increase my limit. After a year they graduated me to an unsecured card and returned my savings account balance. Six months later I asked about a CLI. I got one - from $500 to $529. By that time I had an Amex with a $4,000 CL and was soon to get my 3x CLI, which I got. At that point I really did not need Cap1 and Cap 1 told me in every language they knew that they were not going to help me increase my scores and in fact would hinder me with such small CLIs. I told them to close the account and have not had a Cap1 since, nor will I ever consider one.

Re: Capital One Tiny Increase

Anonymous — Thu, 27 Jun 2019 03:30:16 GMT

I also got a $100 CLI. Yay... Probably won't ever app for a new Crap1 unless they launch some amazing rewards card. Just let it age and age and age.