Hello everyone! 
It's been 6 months since my last Cap 1 increase on my QS 1 card. I started out at a $1,000 limit, then $1,500 and now I'm at $2,000. Anyways, I've been trying to get another increase since my Plat (now PC'ed QS) has a limit of $3K. I don't think I'm bucketed because my denial letters have been stating that my "payments are too low" and to make higher than the minimum payments.
I recently purchased a new phone and put the $800 on my QS 1 card. Since then, I've made 5 - $100 payments and my statement just cut yesterday. I tried to request a CLI increase today, hoping now that I've made $500 in payments that I'd be well over the minimum payments issue, but nope. Still got the dreaded "we'll send you an email in 2-3 busines days."
What am I doing wrong? Also, I put a lot of SPEND on my Cap 1 cards. I even carry balances on them.
@Remedios wrote:For the best results, you may want to pay if off before requesting CLI.
Carrying a balance is not necessarily a selling point.
Thank you Remi! I can't afford to pay off my balance yet, but I will continue to make $100 weekly payments until I do!
Another thing, Cap One typically does AR every 3-4 months, so you may want to check your reports and see when was the last one performed. If it was done during the time your utilization was high (regardless of whether it's their cards or cards by other lenders), you may want to wait till after the next AR, provided you've paid off your balance.
Do you know where on my reports I can find on my reports where to see when the last AR was performed? My uti has been around 37%, would this have a big impact on it even though the denial letter doesn't mention my uti at all? I'm just trying to understand Cap 1 because it only seems like they give me CLI when I don't ask for one...lol.
@Anonymous wrote:
@Remedios wrote:For the best results, you may want to pay if off before requesting CLI.
Carrying a balance is not necessarily a selling point.
Thank you Remi! I can't afford to pay off my balance yet, but I will continue to make $100 weekly payments until I do!
Another thing, Cap One typically does AR every 3-4 months, so you may want to check your reports and see when was the last one performed. If it was done during the time your utilization was high (regardless of whether it's their cards or cards by other lenders), you may want to wait till after the next AR, provided you've paid off your balance.
Do you know where on my reports I can find on my reports where to see when the last AR was performed? My uti has been around 37%, would this have a big impact on it even though the denial letter doesn't mention my uti at all? I'm just trying to understand Cap 1 because it only seems like they give me CLI when I don't ask for one...lol.
Usually from a copy of free annual credit report, and I believe EQ monitoring service shows SPs.
Easiest way is to grab a copy of annual credit report (it doesnt matter which CRA) and look for the last account review (AR).
@Remedios wrote:
@Anonymous wrote:
@Remedios wrote:For the best results, you may want to pay if off before requesting CLI.
Carrying a balance is not necessarily a selling point.
Thank you Remi! I can't afford to pay off my balance yet, but I will continue to make $100 weekly payments until I do!
Another thing, Cap One typically does AR every 3-4 months, so you may want to check your reports and see when was the last one performed. If it was done during the time your utilization was high (regardless of whether it's their cards or cards by other lenders), you may want to wait till after the next AR, provided you've paid off your balance.
Do you know where on my reports I can find on my reports where to see when the last AR was performed? My uti has been around 37%, would this have a big impact on it even though the denial letter doesn't mention my uti at all? I'm just trying to understand Cap 1 because it only seems like they give me CLI when I don't ask for one...lol.
Usually from a copy of free annual credit report, and I believe EQ monitoring service shows SPs.
Easiest way is to grab a copy of annual credit report (it doesnt matter which CRA) and look for the last account review (AR).
I already pulled all my reports from annual credit report beginning of this year. The only other credit monitoring services I have are Experian and Credit Karma.
