I started out with their secured card in 2016. It graduated to an unsecured and then I was able to change it to QS with the link that someone posted in Oct 2017. I've been trying to cli when my scores were at their best and was denied for too many inqs. So I try to cli today and received a message saying "cli is currently not available upon request because Capital One is evaluating account activity at assigned credit limits".
So, I'm thinking that it's because it was originally a secured card. This is my 4th decline since I've had the card and am sitting at only $500. So I go to their prequal page to see if I'm prequalified to app another card. Nope. And I've never been able to get that page to offer me anything.
Is there any chance that I can get approved for another card or should I just abandon CapOne?
BTW, in my secured days, I had a check to them returned. I closed the bank account and went with Navy, and made a payment from a closed account. It was well before my due date so, when I realized what happened, I tendered a payment from the right account. Apparently that left a ding on my CapOne account. So there's that.
Also, I've been protesting by making a single monthly charge, less than $10 and paying it off right away. So there's no real usage. I mean, but what do they expect with a $500 limit. Anyway...
What say you? App new anyway, wait until I get a prequal or move on? Thanks.
@sarge12I talked to Cap1 yesterday and they confirmed that they do hate him...lol...They won't ever approve me for a CLI either, mainly because the highest balance I have ever gotten to is 1500 or so and I PIF always. Their reason was pretty much that the 10k limit is sufficiant, they won't do a CLI when you have only ever used a fraction of the existing limit.
Which of course makes sense even if we don't agree. Considering the lender is exposed for the full credit line no matter what your current balance is, one would think they are not going to give out $50,000 credit lines to someone that runs their Netflix subscription through as a monthly charge and that's it.
Of course, it's more complicated than our examples, credit card balances are sold on the bond market, federal reserve regulations require banks and other lenders to maintain certain reserves (credit lines are on-demand committed funds) and if they get overextended banks have to borrow from the fed or other banks.
Overnight funds are a short-term loan(s) or bond sold between banks which they then pay daily interest on those funds based on the availability of funds - banks hate to pay interest to borrow, even if it is to charge interest to lend (there is that pesky grace period that some PIF cardholders use - bunch of deadbeats 
).
@FinStar wrote:
It's unlikely that Capital One "hates" you. Financial institutions do not operate on emotion to lend.
What does your overall profile look like? Utilization? Any potential negative items? What's your AAoA?
Typically, if starting out whether "building" or "rebuilding", Capital One tends to provide folks with an opportunity to start out, but may limit (or bucket) that product on a long-term basis. So, it's fairly possible that your current C1 card won't grow much.
That being said, are you opted out from any pre-screened offers? Otherwise, just because a pre-qualified offer doesn't pop up doesn't necessarily translate into a decline. However, any approval is dependent on you're overall profile. The more optimal, the better the odds.
Mid 700's across the board, 4% util with CapOne, 12% util across all accounts (usually pay to zero but holding Navy 0% balances), AAoA 1 yr (due to new accounts added), AoOA 6 yrs (AU) or 2 yrs otherwise, and no lates or baddies. No trouble getting credit. Only trouble with Cap1 cli and prequal page.
@Remedios wrote:Cap1 formerly secured cards do not receive any CLI past the first one after 6 statements. That card will be $500.00 forever
As I suspected. Thanks for that.