Capital One Credit Limit Increase

Anonymous · ‎11-18-2021

When does Capital One initiate a CLI? Is it automatic after my 6th on time payment? Is there any benefit for waiting for them to do it automatically vs. me initiating a request myself? Thanks in advance for any help on this.

HeavenOhio · ‎11-18-2021

If this is the Credit Steps increase, you can go ahead and request one before that. Capital One requires six months between CLIs when they're requested by the consumer. If it's a CLI that they initiate, the six months thing doesn't apply.

Anonymous · ‎11-18-2021

Thank you for the reply. Do they usually have a timeframe for when they initiate it? Just trying to decide if I should request one or if I should wait for an automatic increase. I heard that if I initiate it, I will have a hard credit pull, but if they initiate it its a soft pull.

Trini88 · ‎11-18-2021

@Anonymous wrote:
Thank you for the reply. Do they usually have a timeframe for when they initiate it? Just trying to decide if I should request one or if I should wait for an automatic increase. I heard that if I initiate it, I will have a hard credit pull, but if they initiate it its a soft pull.

It's not a hard pull, I asked for a credit limit increase like 5 times and they were all soft pulls each time they told me no 🤣

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Anonymous · ‎11-18-2021

Capital One wants you to wear down the magstripe to the nub, report a balance then PIF before they even consider giving a CLI. What some would consider cowboy behavior Cap One sees as par for the course. Its usually easier to apply for additional card in the future for larger CL. Wasnt always the case. There are stories told by our forefathers that Cap One used to be CLI friendly. 🤣

JFox418 · ‎11-18-2021

I have two Cap1 cards that are over 10 years old and they go about 2 years between Auto CLIs.

Anonymous · ‎11-18-2021

Well I decided to go ahead and apply on my own for the CLI. I got a document online that says my Capital One account is too new, but it is definitely over 6 months old, so I'm really confused. Can I still try again in a week or so?

NYC_Fella · ‎11-18-2021

@Anonymous wrote:
Well I decided to go ahead and apply on my own for the CLI. I got a document online that says my Capital One account is too new, but it is definitely over 6 months old, so I'm really confused. Can I still try again in a week or so?

You'll get the same result.

OmarGB9 · ‎11-19-2021

@Anonymous wrote:
Well I decided to go ahead and apply on my own for the CLI. I got a document online that says my Capital One account is too new, but it is definitely over 6 months old, so I'm really confused. Can I still try again in a week or so?

So Capital One always uses a soft pull (EQ I believe) report that's 2 months old; so trying again in a week as mentioned above will yield the same result. I'd wait a few more months before trying again.

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Wavester64 · ‎11-21-2021

@Trini88 wrote:
@Anonymous wrote:
Thank you for the reply. Do they usually have a timeframe for when they initiate it? Just trying to decide if I should request one or if I should wait for an automatic increase. I heard that if I initiate it, I will have a hard credit pull, but if they initiate it its a soft pull.
It's not a hard pull, I asked for a credit limit increase like 5 times and they were all soft pulls each time they told me no 🤣

LOL, good stuff

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