topic Re: Cap1 CLI Denied.. What else is new? in Credit Cards

Cap1 CLI Denied.. What else is new?

Anonymous — Wed, 04 Jul 2012 01:28:19 GMT

Anyone have any idea how to get a CLI with Cap1? Ive been at $750 for the past 3.5 years.

Re: Cap1 CLI Denied.. What else is new?

BrokaToe — Wed, 04 Jul 2012 01:31:23 GMT

Generally the only way to get more credit line out of Cap1 is to apply for one of their higher tier cards.

Re: Cap1 CLI Denied.. What else is new?

Anonymous — Wed, 04 Jul 2012 01:34:18 GMT

@BrokaToe wrote:
Generally the only way to get more credit line out of Cap1 is to apply for one of their higher tier cards.

Well sucks for me! Cap1 was my first card 4 years ago, and right now I am in garden mode. Oh well...

Re: Cap1 CLI Denied.. What else is new?

BrokaToe — Wed, 04 Jul 2012 01:38:44 GMT

Yah, from your current limit, sound like you were probably in the credit steps program initially. But after that last increase to $750, that's probably the last increase you will see on that card without upgrading by apping again. Then of course, the dreaded 3 HPs

Re: Cap1 CLI Denied.. What else is new?

LS2982 — Wed, 04 Jul 2012 01:50:08 GMT

Id be kicking cap1 to the curb If I were you OP

Re: Cap1 CLI Denied.. What else is new?

Anonymous — Wed, 04 Jul 2012 02:00:36 GMT

LS2982 wrote:
Id be kicking cap1 to the curb If I were you OP

I would kick them to the curb. If only they weren't the backbone of my AAoA

Re: Cap1 CLI Denied.. What else is new?

LS2982 — Wed, 04 Jul 2012 02:02:08 GMT

Your AAoA will be just fine, a closed account will continue to report for 10 years.

Re: Cap1 CLI Denied.. What else is new?

Anonymous — Wed, 04 Jul 2012 02:11:26 GMT

@LS2982 wrote:
Your AAoA will be just fine, a closed account will continue to report for 10 years.

That is all I need to know. THX

Re: Cap1 CLI Denied.. What else is new?

gettnthere — Wed, 04 Jul 2012 02:52:06 GMT

boy id love to know the answer to that question? i have had the same dang cap1 card for 3years and im stuck at $300, never any late payments or anything. have had temporary APR reductions and the AF waived but they flatout refuse to up my limit...and i refuse to apply for another one of the crappy cards

Re: Cap1 CLI Denied.. What else is new?

DiamondK — Wed, 04 Jul 2012 03:34:36 GMT

I started out with this card at $500 CL, after 6 months my CL was increased to $750. Then.....about 2.5 yrs later of having this card, I went online to pay my monthly bill and my CL was $4750 without a request from myself. My brother had the same issue, after 4yrs, they increased his CL to $3000 from $500 starting CL.

Re: Cap1 CLI Denied.. What else is new?

Anonymous — Wed, 04 Jul 2012 19:12:14 GMT

@DiamondK wrote:
I started out with this card at $500 CL, after 6 months my CL was increased to $750. Then.....about 2.5 yrs later of having this card, I went online to pay my monthly bill and my CL was $4750 without a request from myself. My brother had the same issue, after 4yrs, they increased his CL to $3000 from $500 starting CL.

That's pretty cool. I am not 100% if I should just drop them. I kind of want to just as an "In your face" type deal but I don't know... Having the card isn't hurting its just annoying. If I decide to keep it maybe one day I will see CLI. One can only hope!

Re: Cap1 CLI Denied.. What else is new?

DaveSignal — Wed, 04 Jul 2012 19:22:53 GMT

I keep my capital one card just because its the only card I have right now with no foreign transaction fee. If I get a BoA Travel Rewards or a PenFed card in the next year, I will close Capital One.... there aren't many cards that offer 0% foreign transaction fee though.

Re: Cap1 CLI Denied.. What else is new?

DiamondK — Wed, 04 Jul 2012 19:41:29 GMT

If it's not hurting your score, I wouldn't cancel the card. Just be patient, I'm sure they will increase your CL.

Re: Cap1 CLI Denied.. What else is new?

Anonymous — Wed, 04 Jul 2012 20:12:58 GMT

@DiamondK wrote:
If it's not hurting your score, I wouldn't cancel the card. Just be patient, I'm sure they will increase your CL.

I am hoping so. When I look at it from the CCCs POV. I am not sure how Cap1 would consider a customer like me. I PIF every month and I have no AF. Cap1 is just a means of me funneling my fund to help my CS and CR. Looking at the situation like that, I often wonder how CCCs perceive clients such as myself.

Re: Cap1 CLI Denied.. What else is new?

CreditResuscitation — Wed, 04 Jul 2012 20:49:32 GMT

@airdefender14 Keep it. Especially if you don't have an AF. It's not hurting anything. I think with Cap 1 a lot of things factor into the equation, such as state, usage, type of card etc. I was told like I'm sure everyone else has that CLI's are automatically given out and therefore can't be granted by request. I've had my card for two years now, but only recently have I began to abuse it as much as possible then PIF by the end of the month, and lo and behold, after randomly checking the modify features section, there was a pre-approved offer to apply for another card. Eventhough I declined because it wasn't the card that I wanted, I assumed I got the offer because I quadrupled my usage. I only have a 500 dollar limit but some months I kid you not, I have charged a couple grand on it. If you look at your statement, it'll state the total amount of card usage on there. I'm no expert by any means, but IMO charging two grand on a 500 dollar card has to look good to any CCC!!! Not to say that it'll work for you, but it does add another weapon to your arsenal if you haven't already tried it. Anyway, good luck, and I hope you get that credit increase soon!!!