topic CLI requet for Capital One in Credit Cards

CLI requet for Capital One

IllinoisNative — Mon, 24 Nov 2014 22:54:40 GMT

I was solicited for a Capital One Quicksilver Visa card two months ago. I was approved with a low limit of $500. I did it for 0% APR until August.,no annual fee, and $100 after spending $500. I have another Capital One card and a Kohl's card with them (both have zero balances). I pay in full every month and make multiple payments per month. Since having the card, I have spent over $300.00 and paid it off. I would like a higher limit so I'm not at 30% of my credit line when the statement closes without having to make multiple payments. So I hit the LUV button (before six months) and this is what they sent me:

Thanks for submitting your request.

You'll receive a document in the Online Document Center with the outcome of our review in approximately 2-3 business days. We'll also send you an e-mail asking you to visit the Online Document Center when it's available.

If you haven't signed up for paperless documents, you'll also receive a letter by mail in about 10 business days.

If you have questions about our decision, please visit www.capitalone.com/creditlineFAQ for more information.

Do most people get an answer immediately whether it's an approval or denial? I think a manual review is in my favor but I didn't get a chance to explain why I wanted a higher CLI. I can always retcon it if I get a denial. I just don't remember many people saying they got this response when trying for a CLI. Not sure how to take this. If you ask for a CLI before 6 months, don't they usually tell you that you're not eligible at this time? In that case, is this a positive sign? Thanks.

Re: CLI requet for Capital One

SunriseEarth — Mon, 24 Nov 2014 22:59:06 GMT

@IllinoisNative wrote:
I was solicited for a Capital One Quicksilver Visa card two months ago. I was approved with a low limit of $500. I did it for 0% APR until August.,no annual fee, and $100 after spending $500. I have another Capital One card and a Kohl's card with them (both have zero balances). I pay in full every month and make multiple payments per month. Since having the card, I have spent over $300.00 and paid it off. I would like a higher limit so I'm not at 30% of my credit line when the statement closes without having to make multiple payments. So I hit the LUV button (before six months) and this is what they sent me:

Thanks for submitting your request.

You'll receive a document in the Online Document Center with the outcome of our review in approximately 2-3 business days. We'll also send you an e-mail asking you to visit the Online Document Center when it's available.

If you haven't signed up for paperless documents, you'll also receive a letter by mail in about 10 business days.

If you have questions about our decision, please visit www.capitalone.com/creditlineFAQ for more information.

Do most people get an answer immediately whether it's an approval or denial? I think a manual review is in my favor but I didn't get a chance to explain why I wanted a higher CLI. I can always retcon it if I get a denial. I just don't remember many people saying they got this response when trying for a CLI. Not sure how to take this. If you ask for a CLI before 6 months, don't they usually tell you that you're not eligible at this time? In that case, is this a positive sign? Thanks.

The 2-3 message is likely a denial, since the Cap One CLIs are instant. If you check back tomorrow, you'll likely have a document saying that the account isn't eligible for a CLI since it hasn't been open for 6 months. You can either wait it out or try contacting the EO for a manual review.

Re: CLI requet for Capital One

IllinoisNative — Mon, 24 Nov 2014 23:10:01 GMT

Thanks! I saw that as one of the reasons for a denial. I just thought maybe there was hope since it wasn't an instant denial.

Re: CLI requet for Capital One

coldnmn — Mon, 24 Nov 2014 23:16:10 GMT

Treat the card right and your credit step CLI may surprise you. When you get that you have to wait 6 months before another CLI request to be approved.

Re: CLI requet for Capital One

Anonymous — Wed, 26 Nov 2014 09:50:04 GMT

I was approved for a $10k CapOne Quicksilver, but needed to make a $12k purchase. I requested an immediate CLI but got the same message. A letter was sent home a week later saying I need at least 6 months of history with the bank before any CLI decision. Very upsetting. They just lost $360 in credit card charges if I was able to make my purchase.

Re: CLI requet for Capital One

Anonymous — Wed, 26 Nov 2014 09:56:27 GMT

@Anonymous wrote:
I was approved for a $10k CapOne Quicksilver, but needed to make a $12k purchase. I requested an immediate CLI but got the same message. A letter was sent home a week later saying I need at least 6 months of history with the bank before any CLI decision. Very upsetting. They just lost $360 in credit card charges if I was able to make my purchase.

Why not split the bill between two cards?

Re: CLI requet for Capital One

L-TWT — Wed, 26 Nov 2014 10:32:22 GMT

creditcardcollege wrote:

Since you were approved for $10K on your Cap 1 QS CC, I assume you were given a Visa Signature? Which come with a NPSL (Revolving Credit Line). So if you really would like to push 12K through your QS, call in to find out how much over your credit line you would be able to spend! If charges over 12K + would go through, WHALLA....you gain your $360.

Re: CLI requet for Capital One

Kenny — Wed, 26 Nov 2014 14:21:16 GMT

@L-TWT wrote:
@Anonymous wrote:
I was approved for a $10k CapOne Quicksilver, but needed to make a $12k purchase. I requested an immediate CLI but got the same message. A letter was sent home a week later saying I need at least 6 months of history with the bank before any CLI decision. Very upsetting. They just lost $360 in credit card charges if I was able to make my purchase.

Since you were approved for $10K on your Cap 1 QS CC, I assume you were given a Visa Signature? Which come with a NPSL (Revolving Credit Line). So if you really would like to push 12K through your QS, call in to find out how much over your credit line you would be able to spend! If charges over 12K + would go through, WHALLA....you gain your $360.

This.. was going to post saying this but ya already beat me to it!

Re: CLI requet for Capital One

Anonymous — Wed, 26 Nov 2014 14:25:57 GMT

@L-TWT wrote:
@Anonymous wrote:
I was approved for a $10k CapOne Quicksilver, but needed to make a $12k purchase. I requested an immediate CLI but got the same message. A letter was sent home a week later saying I need at least 6 months of history with the bank before any CLI decision. Very upsetting. They just lost $360 in credit card charges if I was able to make my purchase.

Since you were approved for $10K on your Cap 1 QS CC, I assume you were given a Visa Signature? Which come with a NPSL (Revolving Credit Line). So if you really would like to push 12K through your QS, call in to find out how much over your credit line you would be able to spend! If charges over 12K + would go through, WHALLA....you gain your $360.

Apparently CapOne does not honor that feature of the VS, according to several posts on the forum.

OP is welcome to try it. $12,000? Is it tuition you are paying?

Re: CLI requet for Capital One

Anonymous — Wed, 26 Nov 2014 20:51:12 GMT

Unfortunately, yes it was for tuition. I ended up using my Chase Freedom for 1% CB instead of QS 1.5% CB.

Off topic, but can anyone redirect me to a list of acroynms for all these CC terms? NPSL, HP, SGK, etc.

Re: CLI requet for Capital One

Simply827 — Wed, 26 Nov 2014 21:57:08 GMT

@Anonymous wrote:
Unfortunately, yes it was for tuition. I ended up using my Chase Freedom for 1% CB instead of QS 1.5% CB.

Off topic, but can anyone redirect me to a list of acroynms for all these CC terms? NPSL, HP, SGK, etc.

Here ya go

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458

Re: CLI requet for Capital One

Anonymous — Thu, 27 Nov 2014 02:51:02 GMT

Thanks!

Re: CLI requet for Capital One

ebenoit — Thu, 27 Nov 2014 04:16:49 GMT

i am sorry, but what means EO? thanks

Re: CLI requet for Capital One

Skye12329 — Thu, 27 Nov 2014 04:18:13 GMT

@ebenoit wrote:
i am sorry, but what means EO? thanks

Executive Office