topic Re: Unexpected CapOne CLI! in Credit Cards

Unexpected CapOne CLI!

RTOrockstar — Fri, 27 Apr 2012 18:16:46 GMT

I just got an email from Capital One that they were giving my secured card a $100 increase. Granted, it's only a hundred bucks but I didn't expect it so it was a pleasant surprise. Makes me feel like I'm getting somewhere in my credit rebuilding.

Re: Unexpected CapOne CLI!

namvet — Fri, 27 Apr 2012 18:38:36 GMT

@RTOrockstar wrote:
I just got an email from Capital One that they were giving my secured card a $100 increase. Granted, it's only a hundred bucks but I didn't expect it so it was a pleasant surprise. Makes me feel like I'm getting somewhere in my credit rebuilding.

RTO you may be the first to receive a CLI from Cap One on a secured card. Was that increase due to you adding more money to your secure deposit or did it just come out of thin air?
s

Re: Unexpected CapOne CLI!

corymcd88 — Fri, 27 Apr 2012 19:34:07 GMT

@RTOrockstar wrote:
I just got an email from Capital One that they were giving my secured card a $100 increase. Granted, it's only a hundred bucks but I didn't expect it so it was a pleasant surprise. Makes me feel like I'm getting somewhere in my credit rebuilding.

How old is the Cap one account that you have? Mine is two years ola and nothing!!!

Re: Unexpected CapOne CLI!

RTOrockstar — Fri, 27 Apr 2012 19:34:11 GMT

Completely out of the blue.

I opened the card last Oct. with the starting $200 limit, then in Feb. I deposited another $100 to up my limit to $300 and then today they upped my limit another $100.

If I'm the first to get an unsecured increase on a secured card, I'm ok with that. Pretty sure some others on here have had similar increases, tho.

Re: Unexpected CapOne CLI!

aussiesareforever — Fri, 27 Apr 2012 19:36:11 GMT

So have they unsecured the card? Seems like they should have if they gave you a CLI

Re: Unexpected CapOne CLI!

RTOrockstar — Fri, 27 Apr 2012 19:46:11 GMT

@aussiesareforever wrote:
So have they unsecured the card? Seems like they should have if they gave you a CLI

No, it's still secured. Pretty sure CapOne cards don't ever unsecure themselves.

Re: Unexpected CapOne CLI!

Anonymous — Fri, 27 Apr 2012 20:20:44 GMT

It should not have been unexpected. Getting an unsecured CLI on secured card is a feature of Capital One. It usually happens after 6 months. Some get it, some don't. I got $300 after 6 months, I had a $2200 deposit by then.

The cards don't unsecure, they expect you to apply for another card. I did after 14 months and got cash rewards card $3000 limit, with credit steps, so it went to $3500 after 6 months.

I still recommend them for rebuilding.

Re: Unexpected CapOne CLI!

Anonymous — Fri, 27 Apr 2012 21:38:50 GMT

Cap1 gave me a auto 100 CLI at 6 mos, it was expected though.

Cap1 secured cards have one auto CLI and nothing else. No chance of graduation, closed mine before the AF hit

Re: Unexpected CapOne CLI!

RTOrockstar — Fri, 27 Apr 2012 21:47:06 GMT

Well, I didn't expect it. And judging by some of the other responses, a lot of ppl don't expect it.

I might not ever get another increase on this card, but today I did and it feels pretty good. This little victory will get me thru the day and move me forward in my journey.

Re: Unexpected CapOne CLI!

Anonymous — Fri, 27 Apr 2012 21:52:30 GMT

Sorry if it seems like some people are downplaying this. Congrats!

Just wanting you to know that cap1 will usually do a $100 CLI on secured cards at 6 mos.

Once again congrats and keep on keepin on that credit journey

Re: Unexpected CapOne CLI!

corymcd88 — Fri, 27 Apr 2012 21:59:03 GMT

I say again, mine is two years old and nothing!!!

Re: Unexpected CapOne CLI!

Brian_Trying_700 — Fri, 27 Apr 2012 22:39:59 GMT

Wow. Did I just see that someone recieved a cli from Capital One. Nice. Congrats !!!!

Re: Unexpected CapOne CLI!

7ate9 — Sat, 28 Apr 2012 01:14:47 GMT

Congrats to the OP. I also received a $100 cli on my Capital One secured card. It was at the 6 month mark I believe, I remember getting an email from them about it and being very surprised.

I also have the No Hassle Cash rewards card which I got in April of last year. I got one credit steps increase from $1000 to $1500 this past October. As a matter of fact, the 12th statement is actually supposed to cut tonight.... it would be nice to wake up tomorrow morning and have a higher credit limit on that card. I'm not holding my breath though!!

Re: Unexpected CapOne CLI!

aussiesareforever — Sat, 28 Apr 2012 01:20:09 GMT

@7ate9 wrote:
Congrats to the OP. I also received a $100 cli on my Capital One secured card. It was at the 6 month mark I believe, I remember getting an email from them about it and being very surprised.

I also have the No Hassle Cash rewards card which I got in April of last year. I got one credit steps increase from $1000 to $1500 this past October. As a matter of fact, the 12th statement is actually supposed to cut tonight.... it would be nice to wake up tomorrow morning and have a higher credit limit on that card. I'm not holding my breath though!!

I definitely won't recommend that