topic Re: Capital One Random CLI in Credit Cards

Capital One Random CLI

soniczx — Tue, 05 Dec 2023 05:26:33 GMT

Has anyone else seen this? Like most of us, I started with them when my credit had gaping opportunities which it still has. I opened a secured card with a $500 limit in April 2019. The eventually moved the limit to $600 but it remained secured. That card made it to $900 and has not moved since 2021.

I decided to open a new card and got a whole $300 in May 2020. They granted me an increase to $500 by Sept of that year. It remained there until I was granted an increase to $1000 in Feb of this year.

I paid the balance in full on the 2nd card and put it in my sock drawer. I had Hulu on automatic charge and pay in full each month since. Last month, I decided to use it for about $400 in expenses which i paid off promptly.

Over the last few months, Ive requested several CLI with no luck and explanations such as "recent change, "not enough use" and "recent delinquencies." This afternoon, I got an email saying

"Good news! a credit limit boost could be available".

When I opened the email it said:

Way to go, ! Because of your responsible credit habits, we’d like to increase the credit line on your Capital One card ending in **** from $1,000 to $10,000.

Simply accept your increase by Dec. 25, 2023. Or, if you’re not interested, you can ignore this email and your card’s credit limit will stay at $1,000.

Thanks for being a Capital One customer.

Has any one else seen this from a bank I was considering quitting?

Re: Capital One Random CLI

Linnaea — Tue, 05 Dec 2023 06:35:30 GMT

Interesting! Capital One is now being Diabolical. I am intrigued and hopeful they will do that to me one day! Congratulations. I hope you accepted. Do you have any other datapoints. Like an increase in income or score etc?

Re: Capital One Random CLI

soniczx — Tue, 05 Dec 2023 07:03:54 GMT

my income has only increased by about $6k since Oct 2021. My score has increased about 50 points since then. The main focus was getting all my other accounts under 30% but it was mostly by consistently requesting CLI from my Navy Fed accounts

Re: Capital One Random CLI

Linnaea — Tue, 05 Dec 2023 15:15:00 GMT

Excellent data points. But such a huge increase.... it's like your credit increase denials were like a clogged drain. And WHOOSH all at once the clog was freed by a tsunami. Again congrats.

Re: Capital One Random CLI

NoMoreE46 — Thu, 07 Dec 2023 16:42:25 GMT

This is a no-brainer. Accept this 10 x CLI and relish in it.

Those previous denial reasons aren't always spot on but just tossed out there to close out the request...

@soniczx wrote:
Has anyone else seen this? Like most of us, I started with them when my credit had gaping opportunities which it still has. I opened a secured card with a $500 limit in April 2019. The eventually moved the limit to $600 but it remained secured. That card made it to $900 and has not moved since 2021.

I decided to open a new card and got a whole $300 in May 2020. They granted me an increase to $500 by Sept of that year. It remained there until I was granted an increase to $1000 in Feb of this year.

I paid the balance in full on the 2nd card and put it in my sock drawer. I had Hulu on automatic charge and pay in full each month since. Last month, I decided to use it for about $400 in expenses which i paid off promptly.

Over the last few months, Ive requested several CLI with no luck and explanations such as "recent change, "not enough use" and "recent delinquencies." This afternoon, I got an email saying
"Good news! a credit limit boost could be available".

When I opened the email it said:
Way to go, ! Because of your responsible credit habits, we’d like to increase the credit line on your Capital One card ending in **** from $1,000 to $10,000.

Simply accept your increase by Dec. 25, 2023. Or, if you’re not interested, you can ignore this email and your card’s credit limit will stay at $1,000.

Thanks for being a Capital One customer.

Has any one else seen this from a bank I was considering quitting?

Re: Capital One Random CLI

ChargedUp — Thu, 07 Dec 2023 16:45:36 GMT

Wow! That's absolutley amazing from Cap One! Congrats!!!

The most I've seen in an auto CLI was $3500 when I put $5600 on my Savor MC and PIF'd 2 weeks later. Original CL was $10K.

Re: Capital One Random CLI

JtAlmond — Wed, 13 Dec 2023 23:24:23 GMT

I held the secured card 1 full year from C1 as my starter card from a long hiatus from credit..I graduated up to the unsecured Quicksilver Card For Good Credit. I'm right at 3 years with it. They started me at $1000 then upped it to $1300 on their own accord 5 months later..
I requested a CLI 3x. They denied the first 2 requests saying I my use was too low then this last time just a few months ago I was denied again for an alleged late payment that I can't find in the record. I use my Quicksilver card as a secondary usually to nab some of the merchant offer's that's on the app.,

I've been micromanaging because I have a couple heavy cards that see a lot of use. By paying my QS off regularly I keep my overall utilization low during the billing period.

My QS was at a negative $133 for a couple weeks. I checked the app and discovered Capitalone more than doubled my credit limit. They hiked my limit a bit more than double on the QS card. I'm actually using my QS since they upped my limit. It seems Capitalone was trying to bribe me back.'