Capital One CLI Denied

CorpCrMgr1 · ‎04-01-2024

Finally received my Cap1 CLI denial. Reason was twofold. I had recently had my CL lowered. What I did was transfer all but $500 of the CL to my other Cap1 CC. The other reason was CL adjustments only happen every six months. Guess I'll try again in the early Fall.

keekers · ‎04-01-2024

Bummer.

bytechma · ‎04-01-2024

@CorpCrMgr1 wrote:
Finally received my Cap1 CLI denial. Reason was twofold. I had recently had my CL lowered. What I did was transfer all but $500 of the CL to my other Cap1 CC. The other reason was CL adjustments only happen every six months. Guess I'll try again in the early Fall.

Sorry to hear. Hopefully you get one the next go around.

Personal Cards
C1 Savor One $2.7k | Discover IT $200 (Graduated) | Amex Optima $500 | C1 Venture X $31.0k (AU) | C1 Venture One $600 | U.S. Bank Altitude Go $10.0k | Chase Sapphire Reserve $10.0k (AU)

Secured Cards
U.S. Bank Cash+ Secured $1.0k | Truist Enjoy Cash Secured $1.0k

Credit Builder Cards
Chime Credit Builder | cred.ai $1.5K (stated limited)

BOA Cards with Platinum Honors (75% boost)
Travel Rewards $18.0k (AU) | Bank Americard $2.1k (AU) | Customized Cash Rewards $5.0k (AU) | Premium Rewards $18.0k (AU) | Elite $18.3k (AU)

Business Cards
Amex Blue Business Plus $12.8k (AU)

MikeyMagic · ‎04-02-2024

@CorpCrMgr1 wrote:
Finally received my Cap1 CLI denial. Reason was twofold. I had recently had my CL lowered. What I did was transfer all but $500 of the CL to my other Cap1 CC. The other reason was CL adjustments only happen every six months. Guess I'll try again in the early Fall.

Sorry about the denial. Sucks.

nytokyobred79 · ‎04-02-2024

Sorry to hear about the denial @CorpCrMgr1

Thx for the dp(s) as well. G'luck next go round.

Avoided credit cards after ruining my financial health but got back into the game in 2019 after a 20 year hiatus
Total Revolving CL- $218,900 | Order of Opened Cards
Delta SkyMiles Blue- SL-$1K | CL- $22.6K
Delta SkyMiles Reserve- SL- $10K | CL- $20K
Chase Sapphire Reserve- SL $20 | CL- $12K
Cap 1 Venture Rewards- SL $10K | CL $ 21.5K
Amex Everyday Preferred- SL $13.1K | CL $10K ( moved some limits around )
Chase Freedom Unlimited: SL $23.4K| CL $72K
BOA Unlimited Cash SL: $20.8K| CL $15K moved some limits around)
BOA Travel Rewards SL: $20.8K | CL $5.8K(moved some limits around)
Amex Blue Cash Preferred SL: $10K
Amex Green Card: NPSL / POT: 17K
BOA BankAmericard: SL: $5K | CL: $30K

CorpCrMgr1 · ‎04-02-2024

@nytokyobred79 all FICO scores over 820, 10 years with Cap1, no baddies, one auto loan, 13 CC, 7 store cards.

nytokyobred79 · ‎04-02-2024

Wowzers! So it really was the reallocation of the limit that seems to be inhibiting you. I notice how a few banks count those as cli(s). Wish they didn't.

Avoided credit cards after ruining my financial health but got back into the game in 2019 after a 20 year hiatus
Total Revolving CL- $218,900 | Order of Opened Cards
Delta SkyMiles Blue- SL-$1K | CL- $22.6K
Delta SkyMiles Reserve- SL- $10K | CL- $20K
Chase Sapphire Reserve- SL $20 | CL- $12K
Cap 1 Venture Rewards- SL $10K | CL $ 21.5K
Amex Everyday Preferred- SL $13.1K | CL $10K ( moved some limits around )
Chase Freedom Unlimited: SL $23.4K| CL $72K
BOA Unlimited Cash SL: $20.8K| CL $15K moved some limits around)
BOA Travel Rewards SL: $20.8K | CL $5.8K(moved some limits around)
Amex Blue Cash Preferred SL: $10K
Amex Green Card: NPSL / POT: 17K
BOA BankAmericard: SL: $5K | CL: $30K

CorpCrMgr1 · ‎04-02-2024

@nytokyobred79 I laughed when I read the reasoning. I moved the majority of the CL to my bucket card and was going to sock drawer Card2. I have a monthly charge on Card2 and the thought the just over a $100 would look like decent spend. Hopefully, in six months...,

youngandcreditwrthy · ‎04-02-2024

@CorpCrMgr1 wait so you moved around CLs and cap one then used that to deny you a CLI?

just wanna make sure I understand because if so, that's rediculous. UGH

CorpCrMgr1 · ‎04-02-2024

@youngandcreditwrthy Correct! I should add that neither Cap1 cards get a lot of use. I use to request a CLI now and then, but gave up since I have better CC. I was reading in the Forums of CL transfers. Having never done it, I gave it a try a couple of weeks ago. Had to keep $500 on the non bucket Card2. Thus, to Cap1 I just had a "CLI" and now would have to wait six months for another. I know it's ridiculous.