Cap One CLI

[huntersimp]

I have a QS1 and a Platinum card with Cap One and I want to request a CLI for each.  They are both at about 50% utilization.  Do they take that into account or just do a soft pull and look at the full picture?

Also, do they still have their pre-qual website for new cards?

[Anonymous]

If they're 6 months from the last CLI then just hit the button... .it's a SP

Yes they have the pre-qual page @ https://www.capitalone.com/credit-cards/prequalify

[pinkandgrey]

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@Anonymous wrote:

If they're 6 months from the last CLI then just hit the button... .it's a SP

Yes they have the pre-qual page @ https://www.capitalone.com/credit-cards/prequalify

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^^There ya go. Good luck! 

[huntersimp]

I just requested a CLI on both and I got the message they will review and let me know.  I guess thats a no go.

[M_Smart007]

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@huntersimp wrote:

I just requested a CLI on both and I got the message they will review and let me know.  I guess thats a no go.

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I do not know much about Cap1, my guess is a review is a review, meaning looking it over.

better than an outright denial or a NO.

[Remedios]

"we'll let you know in two to three days" is an outright denial with Cap One.

OP, if you've carried a balance for a while without significant payments, CLI most likely wont happen till you drop utilization on those cards. As much as Cap One loves usage, they love payments even more. 

Also, Cap One does not do monthly SPs, or SPs when CLI is requested.

Instead they do AR every 3-4 months. That's not as relevant to you getting CLI as much as paying down those cards, which you should try to do anyway.

Better luck next time 

[Shaw83]

I have both of those cards as well, the Platinum is on credit steps so I'm not concerned about that one. But my QS1 I called and asked and the lady told me to apply through the app and it's not a hp and if you should get an immediate response, but they'll also look at your app and possibly give you another CLI after what the system give you.

[Shaw83]

I did however have my utilization down when I applied, not sure if that's a factor or not I'm still learning the ins and outs

[Shaw83]

I had my QS1 for 7-8mos and I got a $100 CLI. I think my utilization was around 10% when I applied because I had just paid it down before the statement cut

[CreditInspired]

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@huntersimp wrote:

I have a QS1 and a Platinum card with Cap One and I want to request a CLI for each.  They are both at about 50% utilization.  Do they take that into account or just do a soft pull and look at the full picture?

Also, do they still have their pre-qual website for new cards?

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IMHO, I think your approval odds would increase immensely for a CLI if your UT was <29%. I wouldnt waste a HP. 

Just my 2cents.