No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I have two Capital One cards, a graduated Platinum with a $500 limit and a QS with a $500 limit. I have requested increases in the past and get the instant denial.
Yesterday I requested limit increases for both cards. I got a reply that I would receive an email instructing me how to proceed in the next 2-3 business days.
Anyone have experience with this? What should I expect?
My last CLI request denial was April 9th
@Anonymous wrote:I have two Capital One cards, a graduated Platinum with a $500 limit and a QS with a $500 limit. I have requested increases in the past and get the instant denial.
Yesterday I requested limit increases for both cards. I got a reply that I would receive an email instructing me how to proceed in the next 2-3 business days.
Anyone have experience with this? What should I expect?
My last CLI request denial was April 9th
The 2-3 day letter is usually a denial. A document should show up in the documents section of your account within a day or so with their reasons. Just received one of these myself on today. Have received several in the past.
Bummer
I agree that a 2-3 day letter is usally a denial. I've had a Capital One "Platinum" card since 2010 and it sits at an $820 SL. The times I've been approved for a CLI (I think it started at like $500 or something like that) it's been instant. The denials have been preceded by the 2-3 day notification.
Most likely a denial, unfortunately. Sounds like the classic bucket for those cards. You MAY get increases in the future, but they will probably be small and rare. If you don’t have any better cards, then hold onto those two. If you do have better options, though, I would close those two.
@pinkandgrey wrote:Most likely a denial, unfortunately. Sounds like the classic bucket for those cards. You MAY get increases in the future, but they will probably be small and rare. If you don’t have any better cards, then hold onto those two. If you do have better options, though, I would close those two.
Yep, this has been my experience exactly with my Capital One card--small and rare increases. I keep it because it's the oldest credit card I have since I opened it in August 2010, and I don't have to pay an annual fee for it so I'm not losing anything by keeping it. The other credit cards I have were opened in August 2017 and January 2019.
It's almost a teenager... just put Netflix or Hulu on it to keep it alive and throw it in the shredder or use it as a coaster.