CLI Denial from Capital One

[Anonymous]

I recently got in with Capital One on their steps program and saw that many people asked for a CLI after a couple months and got. I tried, but got a an email saying that I have too many inquiries right now. I am due for the CLI in May, I hope that my early request doesn't mess it up  

[thummel]

I wouldn't poke capital one at all right now with everything they have been doing lately. Times are definelty changing over there. It shouldn't mess with your steps program though.

[Anonymous]

I have read some posts about Capital One lowering credit limits. I hope you are right and that I still do get my CLI in May with the steps program!

[Anonymous]

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@Anonymous wrote:

I have read some posts about Capital One lowering credit limits. I hope you are right and that I still do get my CLI in May with the steps program!

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You'll get it, as long as you make the on time payments and your credit doesn't go down the dumper overnight with new lates, chargeoffs, collections or any new derogatory mark.

[Anonymous]

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@Anonymous wrote:

I recently got in with Capital One on their steps program and saw that many people asked for a CLI after a couple months and got. I tried, but got a an email saying that I have too many inquiries right now. I am due for the CLI in May, I hope that my early request doesn't mess it up  

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During the "steps program" the early increase comes after 3 statements and then you steps increase after the 6th statement. Sounds like you haven't had the card for 3 statements yet. The decrease of credit limits are happening to those with 10k or more that aren't using the limits.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I recently got in with Capital One on their steps program and saw that many people asked for a CLI after a couple months and got. I tried, but got a an email saying that I have too many inquiries right now. I am due for the CLI in May, I hope that my early request doesn't mess it up  

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During the "steps program" the early increase comes after 3 statements and then you steps increase after the 6th statement. Sounds like you haven't had the card for 3 statements yet. The decrease of credit limits are happening to those with 10k or more that aren't using the limits.

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You are correct. They have not touched mine yet. I did a no hassle check for almost 18k about three months back. I have paid it down to 6k...

Today I made a big purchase on my Venture for 6k...Which I will pay that charge before the closing date. So with my spend I hope they won't slash me, but who knows, they still could.

[Anonymous]

I don't have any charge offs or negatives left, I think I may have had 2 or 3 when I first got the card, but I disputed and they were removed. I was approved for the card in October, but I didn't use it until late November, so that may be what messed things up. I used it maybe twice and then paid off the balance in full. I went another month without charging anything, so I went ahead and used it this week and will pay it off when it posts to the account in a couple days.

[grillandwinemaster]

 It's interesting too see the cycles that banks go through as they respond/ react to market trends and conditions.  AA is not just the cornerstone of a few select banks anymore. Comenity, Synch, Barclays, and now Cap 1 have all cycled through AA. 

Remember that stupid duck  card?  Talk about AA!

OP, fwiw, You're going to be fine with credit steps.  If I were you,  I would try again after your third statement as has already been suggested. 

[Anonymous]

I am a little confused! As I said, I was due for a CLI to $500 in May, with the steps program, but I attempted to get an early increase and was declined over "Too many recent inquiries" and this morning when I signed on to pay my bill, my account was raised from $300 to $500 Do you think that maybe they gave me the CLI early for the steps program since they promised the increase to $500 in May? I know it isn't much, but since I am in the garden and working on forming an excellent history of payments and SP CLI's I am thrilled   

[Anonymous]

I'm not happy with Cap1, have been with them for over 16 years, 4 cards, never late, the last CLI Cap1 gave me was $500, what a joke, if i add all the cards CL, I'm barely at 10k. I apply for a Amex last December got a approval for 10k, 61 days later, I'm at 30k, guess what?? all my Cap1 cards are in the drawers.