topic Capital One CLI question in Credit Cards

Capital One CLI question

IcyCool7227 — Wed, 13 Sep 2023 07:38:03 GMT

It has been nearly 6 months since the last CLI with my Capital One Savour One card (April 4th). I wonder if I should wait until the 6th month completes the get the best results? If I do an increase request now and don't like the offer countered can I decline and be eligible when October 5th passes? Not sure how that works with Capital One.

Re: Capital One CLI question

Priory_Man — Wed, 13 Sep 2023 10:50:23 GMT

I probably would just wait until the full 6 months are up and then hit the button

Re: Capital One CLI question

FireMedic1 — Wed, 13 Sep 2023 10:58:09 GMT

Use it a lot and PIF each month. They use old scores that lag behind. With record credit card debt. Purse strings might be a bit snug.

Re: Capital One CLI question

ilpapa79 — Wed, 13 Sep 2023 16:07:49 GMT

@IcyCool7227 wrote:
It has been nearly 6 months since the last CLI with my Capital One Savour One card (April 4th). I wonder if I should wait until the 6th month completes the get the best results? If I do an increase request now and don't like the offer countered can I decline and be eligible when October 5th passes? Not sure how that works with Capital One.

I would not wait one more minute...Capital One will increase the CL on a card every 3 months if you use their cards right and oftend and don't mess up on payments. I have 4 cards with them of whom a couple have monster CL's. I normally just try to request a CLI once I am close to 90 days and punctually, a CLI is granted each time. It can be $1,000 or $20,000, depending on the card, credit and usage on that specific card.

Let us know what happens when you hit the button!

Re: Capital One CLI question

cashorcharge — Wed, 13 Sep 2023 18:17:01 GMT

WooHoo!! Congratulations on your Approval!!👏🏼🍾🥂

Re: Capital One CLI question

NoMoreDebt — Wed, 13 Sep 2023 23:10:00 GMT

Congrats on your CLI

Re: Capital One CLI question

IcyCool7227 — Wed, 13 Sep 2023 23:22:25 GMT

I didn't get a CLI increase yet so no need for congrats.

Re: Capital One CLI question

CYBERSAM — Thu, 21 Sep 2023 19:59:25 GMT

@IcyCool7227 wrote:
I didn't get a CLI increase yet so no need for congrats.

For me it was always 6 months on CLIs and if you get decline, you have to wait for another 3 months!

Re: Capital One CLI question

masscredit — Fri, 22 Sep 2023 16:33:15 GMT

@CYBERSAM wrote:
@IcyCool7227 wrote:
I didn't get a CLI increase yet so no need for congrats.
For me it was always 6 months on CLIs and if you get decline, you have to wait for another 3 months!

If I remember correctly, I was declined for an increase when I tried a few months ago. Then approved for one the following month.

Re: Capital One CLI question

Priory_Man — Fri, 22 Sep 2023 16:53:16 GMT

Any update on this? Did you decide on if you are going to request an increase or are you going to wait until next month?

Re: Capital One CLI question

IcyCool7227 — Fri, 22 Sep 2023 18:53:25 GMT

I have decided that it would best best to wait a full 6 months until after October 5th passes. I'll be able to pay off more of the interest free 15 month special balance anyways by then which would work in my favor of an increase.

Re: Capital One CLI question

IcyCool7227 — Fri, 06 Oct 2023 09:02:11 GMT

The balance is now $1,071.84 out of the $1100 available credit. I just logged into the app and saw the last $30 payment post and then there was a message for me to confirm my ion one info to be granted an invited increase. Should I pay more if the balance in order for the best chances of a bigger increase or is it fine to do it now? The reason I haven't paid down the balance more is because of a trip I was saving for plus I have the card 15 months interest free.

Re: Capital One CLI question

IcyCool7227 — Sun, 08 Oct 2023 09:25:09 GMT

Well I just requested the increase two days ago and got the 2-3 notice which I read is usually a denial and it was. I just wish I knew immediately or does somebody human have to take time to compose a letter? I tried 4 times in a row and got 4 digital letters back. The sole reason they stated was that my average monthly payments were too low. I always paid at least $5 more than the minimum to sometimes $10 or $15 because I have the no interest option for 15 whole months and am saving for something else big. Guess that didn't satisfy them but I can try again in 3 months. Wonder why I got a $100 increase back in April when the card was only 3 months old and I was making the same kind of payment amounts?

Re: Capital One CLI question

masscredit — Sun, 08 Oct 2023 13:55:42 GMT

@IcyCool7227 wrote:
The balance is now $1,071.84 out of the $1100 available credit. I just logged into the app and saw the last $30 payment post and then there was a message for me to confirm my ion one info to be granted an invited increase. Should I pay more if the balance in order for the best chances of a bigger increase or is it fine to do it now? The reason I haven't paid down the balance more is because of a trip I was saving for plus I have the card 15 months interest free.

When does your 15 month interest free period end? What I would do is take the money you have saved for the trip, put it on the card to show a large payment (maybe break it up over two months), then give the card use while putting the cash you would have spent back to your savings. You'll still be taking advanage of the interest free period while showing healthy payments and use.

Re: Capital One CLI question

IcyCool7227 — Mon, 08 Jan 2024 04:37:48 GMT

I think I will go on that trip later this year perhaps in July or August. The 15 month promo ends April 1st this year.