Cap One Plat CLI Under Review

Anonymous · ‎08-13-2018

2 questions in the land of Cap One....

Looking for some insight/advice on a Cap One Plat CLI I initated late last week. Got the dreaded "under review", ugh... Is there any value - is it even possible - to calling in and trying to "nudge it along", or is this only a wait-and-see type of thing? Checked my online account today and the CL is the same.

THEN, to perhaps add insult to injury, I clicked on the Cap One upgrade link (that I got from here in the forum, which totally rocks!) over the weekend and saw the QS tee'd up waiting for me, smh... Haven't taken action on that yet, thinking that might negatively impact the CLI? Anyway, obviously wish I had found the link to the upgrade prior to requesting the CLI. Given that I have a CLI in process, should I wait to PC?

CreditCuriosity · ‎08-13-2018

under review cli for cap1 = denied. try again in a few months. best of luck

FireMedic1 · ‎08-13-2018

I'd go for the upgrade. Least you'd get 1.5% cash back rather than nothing. If it goes thru. As CC said, wait it out and try again.

Anonymous · ‎08-13-2018

Crap...oh well, I gues it is what it is... Thanks CC and FM1.

FM1 - you recommend going for the upgrade right now, or waiting on that as well?

Brian_Earl_Spilner · ‎08-13-2018

Wait until the cli has run its course. Cap1 seems to have issues when trying to do 2 things at once. Also, you might want to call in for the upgrade. You can pc to something not listed. The savor isn't showing up through the link At all.

FireMedic1 · ‎08-13-2018

If it's on the upgrade page. Go for it. There's no HP. Been there done that.

Anonymous · ‎08-15-2018

@FireMedic1 wrote:
If it's on the upgrade page. Go for it. There's no HP. Been there done that.

Thanks FM1 - took your advice and got the upgrade to QS, piece of cake Thanks!

UPDATE: Unforutnately, no CLI. I thought part of this may have been my own fault, as it was Feb 2018 that I got my first and most recent CLI, from $2000 to $2,500. Tried for an increase in June - not being aware of the 6 month cycle with Cap One (rookie mistake) - and of course was declined, with the reason being "There has recently been a change to the credit line on this account". Ok, no prob... In going for this CLI, I felt I was beyond the 6 months timing (as I look back, I might've been right on the cusp, I may actually have cut it too close).

I finally got an online message yesterday stating: "A credit limit increase is not currently available upon request because Capital One is evaluating account activity at assigned credit limits". Can anyone interpret, LOL?? Does that mean they feel I'm not using the Plat (now QS) enough? I do keep a low balance on this one, and bal is currently at $0 (QS1 gets far more usage). OR, are they being nice with this verbiage but it's really just a flat out decline? But if that's the case, they haven't stated any reason why, like too many inqs or too many new accounts.. They haven't stated any of that.

Thoughts anyone?

Would a call to recon help at all?

FinStar · ‎08-15-2018

As @CreditCuriosity pointed out, the message was likely to yield a decline outcome. No harm, no foul, plus at least it was a SP.

Unfortunately, a call or email for reconsideration will be met with disappointment OP. They are likely to reply back and let you know to try again in the future. Their systems do not provide the flexibility to override the declined CLI decision, not like in previous years.

At best, enjoy the upgrade and entertain the CLI request down the road.

Anonymous · ‎08-15-2018

Thanks for the support, FinStar - I agree, no harm, no foul, SP....gives me time to let things cool off, reduce utilization (currently at an overall 13%), etc. etc. I do plan on enjoying the new QS.

Addional new news I plan to report in a separate post....decent results from a mini app spree!

FireMedic1 · ‎08-15-2018

Congrats! Didnt know you already had a QS1. So yes use it more for that CLI after 6 months from your last. I started the same way out of BK. Plat to QS. QS1. Then cold apped QS. Combined Plat to QS. Got Venture and combined QS1 to Venture. So long rebuilders. YMMV. That was back in 2016 when they were a lot less stingy.