topic Re: Is Cap1 CLI SP or HP? in Credit Cards

Is Cap1 CLI SP or HP?

kkapdolee — Wed, 13 Nov 2013 04:42:28 GMT

A quick question.

Is Cap1 CLI SP or HP?

Re: Is Cap1 CLI SP or HP?

09Lexie — Wed, 13 Nov 2013 04:49:40 GMT

Re: Is Cap1 CLI SP or HP?

kkapdolee — Wed, 13 Nov 2013 04:55:55 GMT

@09Lexie wrote:
SP

Thanks!

When a CLI request is denied, they are supposed to send you a letter with your credit score, correct?

If so, is it a good idea to request CLI every month? If they accept then I get the CLI and if they deny then I get my free credit score.

Is there a downside to this approach?

Re: Is Cap1 CLI SP or HP?

mnavas — Wed, 13 Nov 2013 05:22:45 GMT

@kkapdolee wrote:
@09Lexie wrote:
SP
Thanks!

When a CLI request is denied, they are supposed to send you a letter with your credit score, correct?

If so, is it a good idea to request CLI every month? If they accept then I get the CLI and if they deny then I get my free credit score.

Is there a downside to this approach?

In my experience, It depends on how often they SP your CR.... They don't pull a fresh SP when you request the increase... They use the last SP (AR) while evaluating the request so you might not get a new score each time you request a CLI

I''m not sure if that's a good or bad idea but i wouldn't do it

Re: Is Cap1 CLI SP or HP?

lexandra90 — Wed, 13 Nov 2013 12:13:12 GMT

totally agree with mnavas

Re: Is Cap1 CLI SP or HP?

kkapdolee — Wed, 13 Nov 2013 17:06:04 GMT

Thanks guys.

I noticed Cap1 SPs my TU the first of every month.

Frankly, I am unhappy with Cap1 and don't even really want a CLI from them. My current CL is 1k and I have cards with 20 times that limit. How much CLI would they give me? an extra 1k?

I was thinking of closing it but on second thought I might just keep it to get my credit score for free each month. I did a request last night was got the 7-10 day message which probably means that my credit score is on its way.

If they cancel my card for requesting too many CLIs then whatever...

Re: Is Cap1 CLI SP or HP?

coldnmn — Wed, 13 Nov 2013 17:09:54 GMT

If you haven't tried the EO route try it most seem very happy with the outcome.

Re: Is Cap1 CLI SP or HP?

espnjunkie — Wed, 13 Nov 2013 17:14:53 GMT

I can tell you after just going through the same process that even the Executive Office can only help you so much. If your card wasn't a "prime" card to begin with they are only able to raise your credit limit to $3,000 max it seems. I'd just sock drawer the card and move on, but ymmv

Re: Is Cap1 CLI SP or HP?

cjc343 — Wed, 13 Nov 2013 17:35:47 GMT

I've been attempting this (getting denied by Cap1 for a CLI each month) to take a peek at their pulls. So far, the newest score I've gotten through this route was exactly one month old. For example (sample data):

Cap1 pulled me in August on the 26th.

Cap1 pulled me in September on the 25th.

On October 1st I request a CLI, I'm denied and given my August score.

On October 24th I request a CLI, I'm denied on the 25th and given my September score.

Cap1 pulled me in October on the 28th.

On November 10th I request a CLI, I'm denied and given my September score.

From here out, I'll be picking a day of the month and consistently request on or shortly after that day, always expecting a report a bit over a month old (or a CLI, in which case I'd make another request). I haven't seen any AA yet (aside from CLI denials), but I don't doubt that it's a very real possibility that Cap1 hates me for this.

Note that I have not been doing this for very long, so if too many CLI requests is a flag for Cap1, I may not have broken the threshold for a slap yet.

Re: Is Cap1 CLI SP or HP?

kkapdolee — Wed, 13 Nov 2013 18:18:25 GMT

@cjc343 wrote:
I've been attempting this (getting denied by Cap1 for a CLI each month) to take a peek at their pulls. So far, the newest score I've gotten through this route was exactly one month old. For example (sample data):

Cap1 pulled me in August on the 26th.
Cap1 pulled me in September on the 25th.
On October 1st I request a CLI, I'm denied and given my August score.
On October 24th I request a CLI, I'm denied on the 25th and given my September score.
Cap1 pulled me in October on the 28th.
On November 10th I request a CLI, I'm denied and given my September score.

From here out, I'll be picking a day of the month and consistently request on or shortly after that day, always expecting a report a bit over a month old (or a CLI, in which case I'd make another request). I haven't seen any AA yet (aside from CLI denials), but I don't doubt that it's a very real possibility that Cap1 hates me for this.

Note that I have not been doing this for very long, so if too many CLI requests is a flag for Cap1, I may not have broken the threshold for a slap yet.

Thanks for the good info!

Re: Is Cap1 CLI SP or HP?

kkapdolee — Wed, 13 Nov 2013 18:20:46 GMT

@espnjunkie wrote:
I can tell you after just going through the same process that even the Executive Office can only help you so much. If your card wasn't a "prime" card to begin with they are only able to raise your credit limit to $3,000 max it seems. I'd just sock drawer the card and move on, but ymmv

Yeah mine wasn't prime. I did go through the EO route as well. Nothing happened.

I had mine sock drawered for a while but why not try to get more out of it like free credit scores? Otherwise, Cap1 will really be good for nothing.

They can't hurt me. The worst they can do is cancel my card which I will happily accept.

Re: Is Cap1 CLI SP or HP?

kkapdolee — Fri, 15 Nov 2013 00:30:05 GMT

My CLI rejection letter is uploaded on Cap1 website now with my credit score from 9/24/13.

Finally found some use for my crap1 card.

I'll continue requesting CLI every month from now on for a free FICO score.

Re: Is Cap1 CLI SP or HP?

Anonymous — Fri, 15 Nov 2013 00:37:14 GMT

Kk is it a tu score?

Re: Is Cap1 CLI SP or HP?

kkapdolee — Fri, 15 Nov 2013 01:23:38 GMT

@Anonymous wrote:
Kk is it a tu score?

It is a EQ FICO 04 Classic score, the same one sold on MyFico (At least it was for me..)

Pretty important for mortgage.