topic Re: Credit Score needed for Cap 1 CLI? in Credit Cards

Credit Score needed for Cap 1 CLI?

CreditGuy03 — Thu, 05 Jun 2014 13:52:16 GMT

What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.

Re: Credit Score needed for Cap 1 CLI?

PlasticOrPlastic — Thu, 05 Jun 2014 14:03:16 GMT

Its a mystery with Cap1, my scores went up over 100 points and I still had to go through the EO for an awesome $500 CLI. Scores don't seem to matter with Cap1 as much as lots of usage...at least in my case. YMMV.

Re: Credit Score needed for Cap 1 CLI?

TRC_WA — Thu, 05 Jun 2014 14:16:55 GMT

No idea with CapOne.

I was denied a CLI on my 1 year old $1500 card last week for not enough card usage and too many inquiries. I contacted them on Facebook and EO called me yesterday.

I explained that I thought using the card for $100 or so each month and PIF was responsible card usage... and even got a letter when Barclay gave me a CLI thanking me for using their card responsibly. Funny how banks differ in opinion.

I explained the 1 inquiry this year was an auto refi... the others are 6-12 months old from opening my new accounts last year. It doesn't seem too difficult to see that I am deserving of an increase... And I told them if they want to see more usage that's what they need to do.

Waiting on a return call...

Re: Credit Score needed for Cap 1 CLI?

ACG23 — Thu, 05 Jun 2014 14:24:53 GMT

@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.

If it helps -- and I doubt it will, as Cap1's CLIs seem to work by an unknown methodology -- I was declined for a CLI at EX620, but was able to recon for a $250 increase. At EX699/EQ689, I was automatically given a $2000 increase.

For CLIs, by the way, it looks like Capital One softpulls Equifax, as my most recent TU/EX reports don't list any contemporaneous inquiry from them.

Re: Credit Score needed for Cap 1 CLI?

TRC_WA — Thu, 05 Jun 2014 14:33:35 GMT

@ACG23 wrote:
@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.
If it helps -- and I doubt it will, as Cap1's CLIs seem to work by an unknown methodology -- I was declined for a CLI at EX620, but was able to recon for a $250 increase. At EX699/EQ689, I was automatically given a $2000 increase.

For CLIs, by the way, it looks like Capital One softpulls Equifax, as my most recent TU/EX reports don't list any contemporaneous inquiry from them.

Good to know.

My EO review is pending and EQ is my high score.

Re: Credit Score needed for Cap 1 CLI?

noobody — Thu, 05 Jun 2014 16:23:00 GMT

I have 2 cap1 cards (1.2K/4.2K) with 14 years history each and around 800EQ score, been declined for CLI many times due to lack of usage, did not want go through the trouble of contact CO

Re: Credit Score needed for Cap 1 CLI?

TRC_WA — Thu, 05 Jun 2014 17:00:31 GMT

@TRC_WA wrote:
@ACG23 wrote:
@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.
If it helps -- and I doubt it will, as Cap1's CLIs seem to work by an unknown methodology -- I was declined for a CLI at EX620, but was able to recon for a $250 increase. At EX699/EQ689, I was automatically given a $2000 increase.

For CLIs, by the way, it looks like Capital One softpulls Equifax, as my most recent TU/EX reports don't list any contemporaneous inquiry from them.
Good to know.

My EO review is pending and EQ is my high score.

I asked for $1500 to $3000... They gave me $500 to $2000. Just saw it in online banking... Waiting on a return call still.

Re: Credit Score needed for Cap 1 CLI?

CWL — Thu, 05 Jun 2014 20:08:11 GMT

I got my first $1300 CLI six months after I graduated credit setps and another $500 CLI six months after that............

Re: Credit Score needed for Cap 1 CLI?

juggalo9er — Thu, 05 Jun 2014 20:42:12 GMT

851-----the pricks

Re: Credit Score needed for Cap 1 CLI?

PlasticOrPlastic — Thu, 05 Jun 2014 20:46:36 GMT

@juggalo9er wrote:
851-----the pricks

Lol, sadly this isnt far from the truth!

Re: Credit Score needed for Cap 1 CLI?

creditlady — Thu, 05 Jun 2014 21:18:34 GMT

Wow so who gives generous CLI's?

Re: Credit Score needed for Cap 1 CLI?

bk510 — Fri, 06 Jun 2014 09:28:37 GMT

@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.

There is no such thing as " what exactly "...... no one knows what any lenders look for in CLI's....

The only thing we can do is never miss a payment, keep low util and etc, because really, thats the only thing that we can control....

Its kind a like walking into KFC, and asking them for a receipe.....lol

Re: Credit Score needed for Cap 1 CLI?

bk510 — Fri, 06 Jun 2014 09:32:16 GMT

@ACG23 wrote:
@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.
If it helps -- and I doubt it will, as Cap1's CLIs seem to work by an unknown methodology -- I was declined for a CLI at EX620, but was able to recon for a $250 increase. At EX699/EQ689, I was automatically given a $2000 increase.

For CLIs, by the way, it looks like Capital One softpulls Equifax, as my most recent TU/EX reports don't list any contemporaneous inquiry from them.

I got a 500 increase via EO......had asked for 4K.

Looking forward to my 1st 5k limit.....after my BK.

Re: Credit Score needed for Cap 1 CLI?

bk510 — Fri, 06 Jun 2014 09:36:55 GMT

@TRC_WA wrote:
@TRC_WA wrote:
@ACG23 wrote:
@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.
If it helps -- and I doubt it will, as Cap1's CLIs seem to work by an unknown methodology -- I was declined for a CLI at EX620, but was able to recon for a $250 increase. At EX699/EQ689, I was automatically given a $2000 increase.

For CLIs, by the way, it looks like Capital One softpulls Equifax, as my most recent TU/EX reports don't list any contemporaneous inquiry from them.
Good to know.

My EO review is pending and EQ is my high score.

I asked for $1500 to $3000... They gave me $500 to $2000. Just saw it in online banking... Waiting on a return call still.

Same here, I asked for 4K

Re: Credit Score needed for Cap 1 CLI?

bk510 — Fri, 06 Jun 2014 09:40:01 GMT

@CWL wrote:
I got my first $1300 CLI six months after I graduated credit setps and another $500 CLI six months after that............

How do or did you know that you graduated from credit step?

Re: Credit Score needed for Cap 1 CLI?

growing123 — Fri, 06 Jun 2014 13:43:34 GMT

@TRC_WA wrote:
@ACG23 wrote:
@CreditGuy03 wrote:
What exactly are they looking for when you request a CLI online? They ask for income and housing payment yet you never have to send any proof.
If it helps -- and I doubt it will, as Cap1's CLIs seem to work by an unknown methodology -- I was declined for a CLI at EX620, but was able to recon for a $250 increase. At EX699/EQ689, I was automatically given a $2000 increase.

For CLIs, by the way, it looks like Capital One softpulls Equifax, as my most recent TU/EX reports don't list any contemporaneous inquiry from them.
Good to know.

My EO review is pending and EQ is my high score.

They SP my EQ every month for AR and I'm assuming they used it for my CLI in April. I never see them pull TU/EX either.

Re: Credit Score needed for Cap 1 CLI?

growing123 — Fri, 06 Jun 2014 13:47:46 GMT

@bk510 wrote:
@CWL wrote:
I got my first $1300 CLI six months after I graduated credit setps and another $500 CLI six months after that............
How do or did you know that you graduated from credit step?

IME, they sent me a letter when i first received the card, stating in six months you could be given a CL of $750. So you graduate six months after getting the card. You can look under your 'statements and documents' section of your account online and there should be a letter explaining same.

Re: Credit Score needed for Cap 1 CLI?

Dw4250 — Fri, 06 Jun 2014 15:35:30 GMT

As others have said, no one has discovered the receipe for Cap One's secret CLI sauce. OP...if you are looking for better limits and your scores are decent, you are probably better off looking at other cards (Amex, BOA, Chase, etc.).

I've always been of two minds about Capital One. On one hand, they stuck with me through the dark times and I will forever be appreciative. They are also my oldest TL. But they are highly inconsistent with their business practices, which drives me nuts. How many Fortune 500 banks do you know where you have to contact the CEO's office to get a measly $500 CLI???

I think Cap One is great for people with new/rebuilding credit, but awful but people who were previously rebuilding and now have good credit. They must lose a lot of business to their competitors due to stingy and inconsistent CLI practices (remember most people don't know contacting EO is an option).

I'm traveling abroard later this summer, and my QSOne would be the perfect companion to bring along due to no FTF. But it's staying home. Why? Because my Arrival+ and BOA Travel Rewards cards also have no FTF, much higher limits, better rewards, EMV, etc. QSOne would just be taking up space in my European style man-purse...lol!

Re: Credit Score needed for Cap 1 CLI?

1_2 — Sat, 07 Jun 2014 05:54:43 GMT

@Dw4250 wrote:
As others have said, no one has discovered the receipe for Cap One's secret CLI sauce. OP...if you are looking for better limits and your scores are decent, you are probably better off looking at other cards (Amex, BOA, Chase, etc.).

I've always been of two minds about Capital One. On one hand, they stuck with me through the dark times and I will forever be appreciative. They are also my oldest TL. But they are highly inconsistent with their business practices, which drives me nuts. How many Fortune 500 banks do you know where you have to contact the CEO's office to get a measly $500 CLI???

I think Cap One is great for people with new/rebuilding credit, but awful but people who were previously rebuilding and now have good credit. They must lose a lot of business to their competitors due to stingy and inconsistent CLI practices (remember most people don't know contacting EO is an option).

I'm traveling abroard later this summer, and my QSOne would be the perfect companion to bring along due to no FTF. But it's staying home. Why? Because my Arrival+ and BOA Travel Rewards cards also have no FTF, much higher limits, better rewards, EMV, etc. QSOne would just be taking up space in my European style man-purse...lol!

Capital One was great for helping me rebuild. I have 2 cards with them. 1 secured for 1000.00 (5 years old) the 2nd was Orchard turned Capital One 500.00 limit. Last time I asked for an increase my Fico scores were from 730 - 769. I had other cards with 4,500.00 to 6,500 limits at that time. I always kept my usage under 30%, paid in full every month. I appreciate they gave me a chance to rebuild but don't understand why they won't grow with me. I've bascially given up on them. I dont use either card any more. The secured card is my oldest trade line and that's the ONLY reason I've not cancelled it.

Re: Credit Score needed for Cap 1 CLI?

noobody — Tue, 17 Jun 2014 14:46:47 GMT

Just an update

Finally sent an email to EO on Friday, got a phone call on Monday, He took some info from me, wake up today, my request has been approved!

QS VISA 4200 << 5,000

QS MC 1200 << 10,000

I did not ask for more, because that is more than I ever need!