Capital One CLI Denial

[Anonymous]

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@Anonymous wrote:

Waited until 2 days after my 3rd statement to request the CLI. The statement carried a $0 balance, so there was no need to wait for a payment to post. 

I was denied because "Recent use of this account's existing credit line has been too low". 

I do not disagree with their assessment. I charged less than $500 for the past three months on a $3K SL. I have been using my Discover (5% category spend, price and purchase protection) and NFCU (Lost luggage reimbursement - booked a few flights for short trips). 

I am not upset regarding the denial. I just wanted others to have data on what may happen if your spend is too low. Seems like they require a lot of spend (at least for me).

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I have had a very good (opposite) experience with Capital One - full details are in the thread in my sig, but I can give you a tried and true Capital One formula that worked for me as follows:

1. Put as much spend as safely and humanly possible through the card - Capital one is very much not going to have a problem with you spending your credit limit 2-3 times per billing cycle and paying it off 2-3 times per billing cycle as long as you...

2. Before the end of your billing cycle pay the balance down to a non-zero number between 0-9% of your credit limit, and make sure the statement reflects that amount.

Repeat the above for at least 2 full billing cycles and then...

3. Stop using the card and pay off all but $10 - let it sit idle for as long at it takes to show exactly $10 and no pending transactions

4. Request a CLI via the website - most likely you'll see a pretty large offer (YMMV), depending on how much spend you actually put through

5. Profit

Good Luck!

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Waited until 2 days after my 3rd statement to request the CLI. The statement carried a $0 balance, so there was no need to wait for a payment to post. 

I was denied because "Recent use of this account's existing credit line has been too low". 

I do not disagree with their assessment. I charged less than $500 for the past three months on a $3K SL. I have been using my Discover (5% category spend, price and purchase protection) and NFCU (Lost luggage reimbursement - booked a few flights for short trips). 

I am not upset regarding the denial. I just wanted others to have data on what may happen if your spend is too low. Seems like they require a lot of spend (at least for me).

---

I have had a very good (opposite) experience with Capital One - full details are in the thread in my sig, but I can give you the tried and true Capital One formula as follows:

1. Put as much spend as safely and humanly possible through the card - Capital one is very much not going to have a problem with you spending your credit limit 2-3 times per billing cycle and paying it off 2-3 times per billing cycle as long as you...

2. Before the end of your billing cycle pay the balance down to a non-zero number between 0-9% of your credit limit, and make sure the statement reflects that amount.

Repeat the above for at least 2 full billing cycles and then...

3. Stop using the card and pay off all but $10 - let it sit idle for as long at it takes to show exactly $10 and no pending transactions

4. Request a CLI via the website - most likely you'll see a pretty large offer, depending on how much spend you actually put through

5. Profit

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Thanks for the info TygerHawke. I may try it next year after I finish with the holidays and some of the traveling that I'm doing. 

[Anonymous]

Mine aswell chime in with my CO cli denials. I was approved for a 10k Venture card about 8 months ago and met the spend 3k for 40k points in 2 months, after the 3rd statement I requested a cli and was offered $700 but I denied hoping for a bigger cli in the future so after the 4th statement I was denied due to "payments being to low" so by by the 6th statement I had a 0 balance and request again for a cli and was denied again for 'payments being to low" I was like huh? the card has a zero balance from a 3k spend so I just combine the 10k limit to my QS card and closed the Venture and moved on from there.

[Anonymous]

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@Anonymous wrote:

Mine aswell chime in with my CO cli denials. I was approved for a 10k Venture card about 8 months ago and met the spend 3k for 40k points in 2 months, after the 3rd statement I requested a cli and was offered $700 but I denied hoping for a bigger cli in the future so after the 4th statement I was denied due to "payments being to low" so by by the 6th statement I had a 0 balance and request again for a cli and was denied again for 'payments being to low" I was like huh? the card has a zero balance from a 3k spend so I just combine the 10k limit to my QS card and closed the Venture and moved on from there.

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Thanks for adding youir data pts andykin Seems like there are a few of us that seem to get stuck with  Capital One. Hopefully, things will change for me soon. 

[Anonymous]

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@Anonymous wrote:

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I have had a very good (opposite) experience with Capital One - full details are in the thread in my sig, but I can give you the tried and true Capital One formula as follows:

1. Put as much spend as safely and humanly possible through the card - Capital one is very much not going to have a problem with you spending your credit limit 2-3 times per billing cycle and paying it off 2-3 times per billing cycle as long as you...

2. Before the end of your billing cycle pay the balance down to a non-zero number between 0-9% of your credit limit, and make sure the statement reflects that amount.

Repeat the above for at least 2 full billing cycles and then...

3. Stop using the card and pay off all but $10 - let it sit idle for as long at it takes to show exactly $10 and no pending transactions

4. Request a CLI via the website - most likely you'll see a pretty large offer, depending on how much spend you actually put through

5. Profit

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TygerHawk,

I'm glad that worked for you, but be careful with stating things like "tried and true Capital One formula" - Very few things with respect to credit card companies can be conveyed with a blanket statement... especially something like CLI techniques.  What works for 10 people won't work for 10 others, it's just the way it goes.  With certain profiles things will always work.  With certain profiles things will never work.  You can also have two nearly identical profiles and one will have success with a certain technique while the other simply won't for whatever reason.

I put $2500-$3000+ through my Capital One card for several cycles leading up to a CLI request in the past and paid the balance down to a two-digit number (1% utilization).  Following that spend/pay pattern (which yielded me great results with Amex, Discover, etc) the best I ever did with Capital One was a $500 CLI.  I'm sure there are others that have done this and received $5000 CLIs; it's all profile/account specific.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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I have had a very good (opposite) experience with Capital One - full details are in the thread in my sig, but I can give you the tried and true Capital One formula as follows:

1. Put as much spend as safely and humanly possible through the card - Capital one is very much not going to have a problem with you spending your credit limit 2-3 times per billing cycle and paying it off 2-3 times per billing cycle as long as you...

2. Before the end of your billing cycle pay the balance down to a non-zero number between 0-9% of your credit limit, and make sure the statement reflects that amount.

Repeat the above for at least 2 full billing cycles and then...

3. Stop using the card and pay off all but $10 - let it sit idle for as long at it takes to show exactly $10 and no pending transactions

4. Request a CLI via the website - most likely you'll see a pretty large offer, depending on how much spend you actually put through

5. Profit

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TygerHawk,

I'm glad that worked for you, but be careful with stating things like "tried and true Capital One formula" - Very few things with respect to credit card companies can be conveyed with a blanket statement... especially something like CLI techniques.  What works for 10 people won't work for 10 others, it's just the way it goes.  With certain profiles things will always work.  With certain profiles things will never work.  You can also have two nearly identical profiles and one will have success with a certain technique while the other simply won't for whatever reason.

I put $2500-$3000+ through my Capital One card for several cycles leading up to a CLI request in the past and paid the balance down to a two-digit number (1% utilization).  Following that spend/pay pattern (which yielded me great results with Amex, Discover, etc) the best I ever did with Capital One was a $500 CLI.  I'm sure there are others that have done this and received $5000 CLIs; it's all profile/account specific.

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I see what you mean.  In my case it was a $4500 CLI on a $3000 account.  It goes without saying but you are right to insist that I say it - Your Mileage May Vary  

[Anonymous]

Add me to the list. My story here: http://ficoforums.myfico.com/t5/Business-Credit/Spark-Business-Cash-too-low-won-t-budge-on-intial-in...

(Summary - 820 ish scores, zero debt, all cards paid off, no lates, 20+ year history, and so on) 20k limit for Ink the day we opened our business.

Applied for a Spark in November, got a 2k limit, used and paid off the same 2k about 2-3 times per month for the past 4 months. Luv button denial for "recent use of credit line has been too low"   HA!  Humanly impossible to use the existing credit line much more than that unless I'm charging and paying 2k 1-2 times a week!

Called EO, they just repeated "keep using it" over and over and didn't understand I was already using and paying many times per month and their own limit is what's limiting any more use! I can't charge 5k on a 2k card....

I would completely have understood if the reason was account too new (4mo) but this is just plain ridiculous.