Cap1 CLI denied: payment too low ?

[Onthe27thday]

I requested a cli yesterday on my qs1, as it has been 6 months and was denied due to my cc payments being too low. I have been paying more than the minimum but I am carrying a balance because I was putting more into other cards tha thave higher rates. If I were to pay this card off, how soon do you think I could as for an increase? Or should I just increase my monthly payments and keep a balance?

Just wondering if this has happened to someone and then they got one.

Thanks!

[Anonymous]

You could make a few like two larger payments and then attempt again. I got that once and then before the next statement cut I paid double my usual, which I usually pay the minimum plus at least $40 on two of my Cap 1 cards. depending on what the actual balance is. Once I did that I got the increase option but it was for a paltry $150. Lesson learned for me. Bigger payments if I'm not PIF

[Ysettle4]

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@Onthe27thday wrote:

I requested a cli yesterday on my qs1, as it has been 6 months and was denied due to my cc payments being too low. I have been paying more than the minimum but I am carrying a balance because I was putting more into other cards tha thave higher rates. If I were to pay this card off, how soon do you think I could as for an increase? Or should I just increase my monthly payments and keep a balance?

Just wondering if this has happened to someone and then they got one.

Thanks!

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A couple of times I've been able to get it after receiving that message. Both attempts returned that message, then I proceeded to pay in full. Tried 3 weeks later and recieve the CLI's. You mya not be in a position to PIF but I would imagine if you paid atleast 20% of the balance on 2 statement cycles, that may work

[creditguy]

You can ask for a CLI anytime you want without consequence, but it'd probably be a good idea to let a few months of higher payments report. I'd pay no less than double the minimum and then try again.

[heavyjay]

I've read that Cap1 uses the latest AR pull for CLI's. Can anyone confirm? They don't seem to be on any regular schedule for me.

[Anonymous]

CapitalOne wants a minimum of a $125 payment per month for six months in a row to get around that "payments too low" thing for a CLI.  Doesn't matter if you pay it off.  I made a couple of $150 payments then PIF the next month (~$3800), so the next month I didn't even have a $125 balance, and that screwed me, because I couldn't make a $125 payment...since my balance was $0.  Figure out the logic on that one.....

[CYBERSAM]

Cap1 LOVES swipes. I used it like a debt card from buying gum to everything else and in few months they gave me huge CLI. Now I have few auto payments around 1K per month and CLI has been very slow!

[Anonymous]

I too was stuck in "Payment to low" on my Venture. I put about 4k spend on my Venture in the 1st couple months to meet the spend bonus. I finally paid the balance back to 0 after the 6th statement and requsted a cli and got the payments to low even after the statement cut with a 0 balance. Upset so I just combine my limit to my QS card and called it the day....and to put salt on the wound I cold apped for another Venture and got denied I guess my money is no good

[bobbay]

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@Onthe27thday wrote:

I requested a cli yesterday on my qs1, as it has been 6 months and was denied due to my cc payments being too low. I have been paying more than the minimum but I am carrying a balance because I was putting more into other cards tha thave higher rates. If I were to pay this card off, how soon do you think I could as for an increase? Or should I just increase my monthly payments and keep a balance?

Just wondering if this has happened to someone and then they got one.

Thanks!

OP,

My last cli from them was 2013 from the EO, my account goes back to 2004. The only reason I am at my current limit is because I merged my other quicksilver account.  I just applied  for a new quicksilver and poof $10k. I will wait for six months and merge the accounts no big deal And I will keep my 2004 start date and nix the new account.  Good luck with growing the account but remember ther is more than one way to skin a cat😀  Apologies to the cat lovers in advance. 

[Blackswizz750]

I have had my QS1 for almost a year and have seen the remark. I have also seen the remark, it has been too recent since I had a cli recently. I had the CLI in July. I tried the CLI last week.