Capital One CLI?

[ShootingForTheStarsOr800]

Hi all,

First of all - love the forum. I've received so much valuable information in such a short amount of time and have seen such impact on my credit, so much so that I've even started using the information here to improve the credit of my various family members.

Now the actual question...
I was approved for two Cap One cards in October '15 at $300 each. I've put $1500 in spend through my QS1 since then and about $300 through the platinum. On Dec 9th, I put in for the CLI and was approved for $500 extra on the platinum and $100 on the QS1. I accepted the platinum increase but chose to remain at my limit on the QS1. I've tried again this morning but it still reads a $100 increase granted (the card has been paid off three times this month and currently sits at a balance of $13). Should I wait until my third statement cuts on 12/21 or do you think this is all I'm going to be granted?

Thaaaaaaanks!

[Anonymous]

I came on here to post almost the exact same question, only with different amounts.

We got a QS1 ($2000 CL) and Platinum ($1000 CL) in mid-October. So far, we've run about $8000 through the QS1 and $1000 through the Platinum. We've always PIF (including several large payments per cycle on the QS1). I was planning to wait until the 3rd statement cuts on 1/3/16, paying it in full, then requesting a CLI. Was wondering  if this is the best plan or if I should just apply now.

[ShootingForTheStarsOr800]

Since you don't have to accept the increase and can request the increase at any time (it's a soft pull), you can check now to see what you might get or if you're eligible. I was approved and received my card around October 9th, so I believe it was between 60-64 days of having the account when I was approved for an increase.

[Anonymous]

Interesting, so there's nothing to lose by trying? I guess I was just worried that by requesting one now, I'll be locked into that increase amount even if I dont accept it.... meaning if I tried again next month it would just be the same amount.

[ShootingForTheStarsOr800]

If you look at some of the other threads, you'll see where there have been people who got a low CLI, declined it, and tried again a week or month later and got a significant increase.

[TrialByFire]

Decline and try again in 1 week. I experienced the same, put decent spend on the QS1 and they offered $100 cli at first. I noticed cap 1 SP my reports on the 9th of every month. So a week later tried again on the 9th and they offered 2k.

Assuming you remain in good standing and keep managing your accounts well, the offer should stand and can only increase. Not saying it'll be a 5k increase but it should be more than $100.

[ShootingForTheStarsOr800]

Where are you able to see where they soft pull your report?

[TrialByFire]

You can get your free annual credit report at

https://www.annualcreditreport.com/index.action

It will show who has been SP your report down towards the bottom under the "Inquiries" section

[OmarGB9]

If you decline the amount they're offering, you can try again after a month or two or three and see if they offer more.