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Cap 1 CLI denied

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Established Contributor

Cap 1 CLI denied

Well, I just got the denial (via Cap 1 app) for a CLI I requested.

The reasons listed:
1. Credit Bureau information is missing or not available
2. Your account is too new
3. The account hasn’t had enough recent payment history to establish history (I’ve made two payments already)
4. Recent use of this accounts CL is too low (I’ve used 3k out of 5k)


I figured it’d be denied due to it only being a couple of months old, but is it worth calling them to see if they’ll reconsider? I did not push extra spend through it to hit the SUB, but I don’t like being so close to the credit limit and have been using other cards or just debit. Always PIF to avoid that 25% interest



Message 1 of 21
20 REPLIES 20
Valued Contributor

Re: Cap 1 CLI denied

Do you have your CR's locked/frozen?

 

Has it been at least 6 months since your last attempt?

500K+ TCL / 800+ FCOs
Message 2 of 21
Established Contributor

Re: Cap 1 CLI denied

They are not locked or frozen.

I haven’t had the card for 6 months yet, i was just hoping to get some love from Cap 1



Message 3 of 21
Frequent Contributor

Re: Cap 1 CLI denied

Typically, as stated by the previous member, Capital One doesn't consider CLI before 6-months. Also, Capital One has been tightening things up in regards to CLI, so expect it to be somewhat harder than it was a year or so ago. 

Message 4 of 21
Frequent Contributor

Re: Cap 1 CLI denied

OP,

 

Aside from some cards in credit steps, CapOne is strict on the 6 month timeframe. Simply mark your calendar for 181 days after the card was issued and try again.


Message 5 of 21
Valued Contributor

Re: Cap 1 CLI denied

So, you got a #2 from Cap1.

 

6 months is the rule and they don't budge.  They're a bit of a PITA to deal with moreso when it comes to making them grow.  Similarly Citi has the same issue with 6 months timing between hitting the button.

500K+ TCL / 800+ FCOs
Message 6 of 21
Established Contributor

Re: Cap 1 CLI denied

I will wait then.

With citi, I must of got lucky because I got some love from them about 2-3 months after opening a card with them



Message 7 of 21
Valued Contributor

Re: Cap 1 CLI denied

Citi will tend to give up a SP and HP CLI before the first 6 months but, subsequent CLI's are a mandatory 6 month interval.  I'm not even sure they would do a HP CLI outside of the waiting period if you called them to do so.

500K+ TCL / 800+ FCOs
Message 8 of 21
Frequent Contributor

Re: Cap 1 CLI denied

Thanks for sharing your experience, I would say search the forums for Cap1 CLI posts. You will see some get approved while others don’t, it’s a headache with them. I can see why you got denied since your account is too new for the 1st 3 reasons, but if you are using $3k of $5k that 4th reason is BS.

 

I have had my account for 4.5 years and I am just at $4.5k for a CL, I got denied for credit line to high and now since I paid off the balance, low use of credit line. Hell if they consider you using your credit line to low, what is the happy medium with them? I decided to use the card only for payment history now, and use it only to pay off my cellphone bill. I am done with Cap1, so many others cards out there that will be better for me. Good luck on your CLI quest with them. 

EQ 812 / TU 802 / EX 818 (Before the credit sprees will update soon)
Message 9 of 21
Community Leader
Valued Contributor

Re: Cap 1 CLI denied

Cap One basically never recons unfortunately. Sorry about the denial! Hopefully you can get a CLI in the future. 

Discover It: 19.7k
Amex BCE: 18k
Citi DC: 5.7k
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Once you go Berner, you never go back.
Message 10 of 21
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