Cap 1 Applied for CLI - question...

[Anonymous]

hello Mf friends, i have a quesion, not sure anyone asked this, i have read a lot of things about capital one cli, but i WONDERED if you have to have a $0 balance to get approved?  i have only been approved one time for a CLI and that was at a $0 balance, today i tried again, its been about 10 months, and no dice.  uggh.  they never really have showed me much joy, but didnt know if this was related at all.  any thoughts?

DP below, if that would help...

TU- FIco 8 704,  EQ- Fico 8 726, EX- Fico 8 788

1 collection on TU/EQ that will fall off in Aug this year, none on EX

TU- 3 inq last 6 mo (2 last 12 mo, 17 last 24)

EQ- 1 inq last 6 mo (7 last 12 mo, 7 last 24 mo)

EX- 0 inq last 6 mo (1inq last 12, 15 last 24)

Utilization about 6% 

and.....GO!!  (no stampedes please LOL)

[Blackswizz750]

So others can help you better. They only give CLI every 6months now. When was the last one?
You don't have to have a balance to get one. However, they like a lot of spend and big payments. Also, as long as you were not given the card with low scores and did a steps program, it may just take a little time.

[Anonymous]

Capital One is very hard to get a CLI from if your spending doesn’t suggest one. They don’t like having large limits with little to no usage. 

[FinStar]

No, your balance doesn't have to be zeroed out to qualify for a CLI.

What kind of spend or usage are you running monthly on it? What is your CL? What does the denial letter state as the reason?

[Anonymous]

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@FinStar wrote:
No, your balance doesn't have to be zeroed out to qualify for a CLI.

What kind of spend or usage are you running monthly on it? What is your CL? What does the denial letter state as the reason?

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I just did it today, so letter isn't there yet.   Last increase was about 10 months ago, might be the spend I have Netflix and a couple of other monthly items on it.  

[kdm31091]

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@Anonymous wrote:

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@FinStar wrote:
No, your balance doesn't have to be zeroed out to qualify for a CLI.

What kind of spend or usage are you running monthly on it? What is your CL? What does the denial letter state as the reason?

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I just did it today, so letter isn't there yet.   Last increase was about 10 months ago, might be the spend I have Netflix and a couple of other monthly items on it.  

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If you aren't really using it much, that is probably the denial reason, or at least partially.