topic Re: Capital One cards and CLI issues/methods in Credit Cards

Capital One cards and CLI issues/methods

Ysettle4 — Wed, 30 Jul 2014 21:28:49 GMT

I posses a Capital One QS MC with a $1K CL but I rencelty got approved for the VISA version. To top, I've also have been approved for the Blue from AMEX and both Chase Freedom and SP cards.

Made an attempt to get a CLI on my QS MC but was denied. I've had the card for 4 months now and PIF for 2 of the 4 billing cycles. My CSP has CL of $5K and the others hovering around $3K. I'm curious if creditors such as Capital One will auto CLI accounts to match based on the fact that you posees other cards with higher limits. Any truth to that? Any info would be helpful.

Re: Capital One cards and CLI issues/methods

Closingracer99 — Wed, 30 Jul 2014 21:34:41 GMT

Who did you call? Their customer service reps? I would just contact them through Facebook or contact the EO

Re: Capital One cards and CLI issues/methods

BluePoodle — Wed, 30 Jul 2014 21:49:45 GMT

I think their CLI's are based more on your credit profile, usage and payment history. I received a $3K and $2K CLI via luv botton online request and that was my highest CC. I only had a Discover at $2k at the time of my second request. YMMV

Re: Capital One cards and CLI issues/methods

Skye12329 — Wed, 30 Jul 2014 21:51:59 GMT

Cap1 is pretty strict when it comes to cli every 6 mos. So i would wait 2 more statements then try again. If nothing then contact eo. As for their basis for matching, usually lenders dont care who gave you x limit. However in my case cap1 always gave me a higher limit than my other cards when i requested.

Re: Capital One cards and CLI issues/methods

Ysettle4 — Wed, 30 Jul 2014 22:20:12 GMT

Ok so it's the case where Cap One will match your other card CLs. My CLI request was thru the EO but no dice.

Re: Capital One cards and CLI issues/methods

Ysettle4 — Wed, 30 Jul 2014 22:20:38 GMT

Sorry. Will NOT match

Re: Capital One cards and CLI issues/methods

randy230k — Thu, 31 Jul 2014 12:13:42 GMT

I've had success with EO CLIs in less than six month increments. Not always though. I think it may be at the EO's prerogative on whether or not they want to submit the request.

Re: Capital One cards and CLI issues/methods

ChopperED — Thu, 31 Jul 2014 14:45:46 GMT

I've had success with the EO. I converted my QS to Venture in April. I was then approved for a CLI increase to 5700 on my Barclays card. I told the EO that I'd like a match to them last week and they upped me from 2.5 to 5K. So going thru the EO can work outside of the 6 months timelines.

Re: Capital One cards and CLI issues/methods

dashpt — Thu, 31 Jul 2014 16:46:58 GMT

@ChopperED wrote:
I've had success with the EO. I converted my QS to Venture in April. I was then approved for a CLI increase to 5700 on my Barclays card. I told the EO that I'd like a match to them last week and they upped me from 2.5 to 5K. So going thru the EO can work outside of the 6 months timelines.

What is EO? sorry I dont know all the abbreviations.

Re: Capital One cards and CLI issues/methods

randy230k — Thu, 31 Jul 2014 17:08:51 GMT

EO = Executive Office

Re: Capital One cards and CLI issues/methods

Pat94108 — Thu, 31 Jul 2014 17:16:32 GMT

As others have stated, contact the EO or if you're willing to wait two more billing cycles so that you request your CLI on your 6th month.

Re: Capital One cards and CLI issues/methods

Anonymous — Thu, 31 Jul 2014 21:48:18 GMT

This might be helpful to look at. It's a chart they put at the end of a CLI decline letter referencing 4 main boilerplate reasons.

http://anony.ws/image/DoMS

I got that in my online documents after trying the online CLI request the other day. My reason was #2...balance too low, since I was barely using it at all.

Those 4 standard reasons are all geared around a 6-9 month timeframe.

I'm guessing anyone even trying will need to make sure all 4 of those criteria are met over 6-9 months, otherwise calling EO like others have mentioned is probably the only way.

Re: Capital One cards and CLI issues/methods

Ysettle4 — Fri, 01 Aug 2014 18:30:55 GMT

I've contacted the EO office but was still denied the CLI. I will receive a detailed letter soon with explanation.