topic Re: Cap1 only gave me $100 CI, Feel salty in Credit Cards

Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 09:33:29 GMT

I have two Quicksilver cards a year old. Both SL $300. In Dec I got an auto CI of $200 on both. My scores are way higher and utilization is currently 8%. One of the cards they denied me stating that I haven't use the card enough. On my other card they only gave me $100 CI. I thought I would have a higher increase. I called to see if I could get it higher but the agent kept telling me there's nothing she could do.

I guess I'll just try again in a couple Months. Good thing they are soft pulls.

#capitolone #creditincrease

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 10:27:38 GMT

You're looking in the wrong place if you're seeking a decent CLI from Capital One - especially on a low limit card. It's just not going to happen in the near future, if ever.

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 11:34:10 GMT

Everybody else gave me decent increases. I thought they would follow suit.

Re: Cap1 only gave me $100 CI, Feel salty

Jnbmom — Wed, 14 Oct 2020 12:02:25 GMT

@Anonymous

When cards start at 300 SLs they are pretty much bucketed and won't get very high .

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 12:03:01 GMT

@Anonymous wrote:
Everybody else gave me decent increases. I thought they would follow suit.

Then seek your increases there. Your Cap1 cards are likely bucketed and will never grow by much.

Re: Cap1 only gave me $100 CI, Feel salty

pinkandgrey — Wed, 14 Oct 2020 12:26:37 GMT

Like everyone else has said, those sound like classic bucketed cards. They will most likely not grow for you. There are rare instances of low-starting cards growing to usable limits, but those instances are very few and far between. The starter cards are meant to help you get better cards down the road.

Good luck!

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 14:36:20 GMT

"Everybody else gave me decent increases. I thought they would follow suit." < I think this unrealistic expectation is contributing to the saltiness more than anything. Thankfully you've had a few people here who provided helpful info so now you know.

Cap1 started me at $750, then auto CLI of $250. I had to nearly promise them the moon to eek out another $200. I don't expect it to grow any further but they took a chance on me with low scores so its currently serving a purpose. GL with future increases elsewhere!

Re: Cap1 only gave me $100 CI, Feel salty

AllZero — Wed, 14 Oct 2020 14:49:10 GMT

Congratulations on your CLI!

Credit Card Asset-Backed Securities (ABS) and why some subprime card never grow or graduate

Re: Cap1 only gave me $100 CI, Feel salty

SecretAzure — Wed, 14 Oct 2020 16:09:50 GMT

OP, here is my two cents. If it won't increase your utilization much or bring you down to under 3 cards, I would close the one that was denied the increase. And then 6 months later, close the other.

Say goodbye to Capital One now while you still hold the belief that you should be treated with respect by a lender (I'm being purposefully dramatic here for emphasis-sake). Avoid them, as well as, Synchrony, Care One, Credit One, and any "One" cards. They're great for building but the company's goals seldom align with the consumer's best interests. Both Cap1 and Synch have a couple decent offerings here and there but as you noted yourself OP, other lenders respect that you've grown your scores and are using credit responsibly. Flock to those.

If a thin/new profile began with Amex or Discover, those cards would grow real limits. That is a sign of how a good lender will treat you. They deserve the business.

Again, just my two cents, take it with a grain of salt. If I wasn't so concerned with getting my AAOA up on my make-believe Vantage3 scores, I'd have closed out my Cap1 sooner and closed out my Synch gas card by now. Keep in mind, on real reports cards stay on your report for 10 years after closure, hence my earlier recommendation of closing them.

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 16:18:58 GMT

I didn't even know it was possible to get a SL of $100 from Cap One, or anyone really. I always thought $300 was more or less the bottom end as far as SLs went.

I agree with the others, starter account limits from Cap One are nearly impossible to break free from. The automated system will essentially never allow it and from what I understand initiating a manual review went away some time ago.

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 16:56:49 GMT

@Anonymous I must be reading the post wrong or my math is off, totally possible since I haven't had coffee yet. I thought OP started with two cards @ $300 each, got auto CLI of $200 on both which brought them to $500. Requested CLI on both but denied for one and only received $100 on the other.

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 17:06:39 GMT

@Anonymous

You said that everyone else has given you decent increases, congrats on those cards that have produced nice CLI's!! It looks like the Cap One cards have done their work and helped you establish some great history. The starter cards got you started and that's a great thing! I agree with the others here, time to shut em down and focus on other options.

Re: Cap1 only gave me $100 CI, Feel salty

blindambition — Wed, 14 Oct 2020 17:09:41 GMT

Congrats on your CLI!! Since both accounts opened with $300 SL, they are bucketed. They will always be slow growers, with small increases.

Re: Cap1 only gave me $100 CI, Feel salty

Anonymous — Wed, 14 Oct 2020 18:32:10 GMT

Satan you are probably correct. I must have misread thinking it was an SL not a CLI.

Re: Cap1 only gave me $100 CI, Feel salty

yzerman — Wed, 14 Oct 2020 19:21:34 GMT

@blindambition wrote:
Congrats on your CLI!! Since both accounts opened with $300 SL, they are bucketed. They will always be slow growers, with small increases.

I get that the $300 SL cards will never grow much. I recently received a Cap One Platinum with a $1000 SL. Is that a growable card or is the entire Platinum line never going to do much?

Re: Cap1 only gave me $100 CI, Feel salty

blindambition — Wed, 14 Oct 2020 19:32:34 GMT

@yzerman wrote:
@blindambition wrote:
Congrats on your CLI!! Since both accounts opened with $300 SL, they are bucketed. They will always be slow growers, with small increases.
I get that the $300 SL cards will never grow much. I recently received a Cap One Platinum with a $1000 SL. Is that a growable card or is the entire Platinum line never going to do much?

Cards with SL of $1k or $3k have potential of higher growth. I caution not to rely on Cap One being one of your highest limits. Probably not in the cards.

Cards with SL of $300 or $500 can take YEARS to grow, eventually becoming stagnate. Getting CLI of only $100-$300.

Re: Cap1 only gave me $100 CI, Feel salty

rostrow416 — Wed, 14 Oct 2020 19:37:14 GMT

You're not the only one. They screwed me on a CLI a few months ago. Just learned to expect stingy CLIs from Cap One so you're never disappointed.

Re: Cap1 only gave me $100 CI, Feel salty

Ficoproblems247 — Wed, 14 Oct 2020 21:38:40 GMT

@AllZero wrote:
Congratulations on your CLI!

Credit Card Asset-Backed Securities (ABS) and why some subprime card never grow or graduate

+1 to taking the time to read this. It is an informative read and pertinent to the Cap1 bucketed card situation.

Re: Cap1 only gave me $100 CI, Feel salty

m00nScape — Thu, 15 Oct 2020 02:01:57 GMT

I had a Cap Platinum which upgraded to a Quicksilver after 10 years. My limit now is $2k. But it took me a hell of a long time for them to increase. Took about 7-8 years until I got an increase with no late payments.

Re: Cap1 only gave me $100 CI, Feel salty

AndySoCal — Thu, 15 Oct 2020 04:10:50 GMT

If these are credit cards used for rebuilding your credit I would not even try for a credit limit increase. I would apply the Quiksilver that is not for rebuilding credit or some other card you might like. Those rebuilder cards look like they have served their purpose .