Capital One Credit Line Increase Advice

[Anonymous]

So, I finally got the courage to get the phone and call capital one to request a credit increase. The rep was nice. She advised me to go online and submit a credit increase and that it was a soft inquiry. When I was done with the request, capital one online response was to wait for about 2 to 3 days. It's already more than 3 days and still no credit increase.

I called capital one to find out what was going on but the rep said, they were still processing and I would be getting a letter in 7-10 days. I pressed to ask if that was a flat out denial, she said no. They were simply still processing and the outcome was yet to be known. Hmmm! What could capital one still be processing for many days?

[stw715]

My experiences with “2~3 days” response from CapOne meant it’s a denial. The denial letter usually show up next day in  “View online documents” under “More account services”.

[Anonymous]

I just went through a cc app 2 weeks ago with them. I know your situation is a CLI, but in my case, it was the same experience you've had thus far. I applied online on a Saturday after having a positive pre-qualify on their website, did not get instant approval online. Then got an email saying that they would be in touch with me.

I called them on Monday. They said to give them up to 3 days for them to reach out to me, they didn't. I called Wednesday, spoke to someone who basically confirmed my address, DOB, and a few other generic ID steps. They said my app was delayed/held up bc of need for confirming ID. After the phone call they said to give it a few more days to see if I were to be approved. I called back Friday, they said I was approved for 3k for the Quicksilver. I waited like 4 more days for it to come in the mail. 

I was surprised bc aside from this now, all I had was a secured Discover IT card with a 1k SL which is still secured. My Fico 8 were in the low 600's. 628 Equifax, 605 Transunion, 621 Experian. They're a bit higher now.  

So don't be discouraged, although your circumstances may differ, you may be in the same process I was. Stay positive, and give them the 3 days, cause they will not pass you through to the ID confirmation people until 3 days has passed.

Hope that helps

[Brian_Earl_Spilner]

It's all computer generated. You either get an approval, counteroffer, or 2-3 day message which is a denial. Cap1 doesn't do recon.

[Brian_Earl_Spilner]

---

@Anonymous wrote:

I just went through a cc app 2 weeks ago with them. I know your situation is a CLI, but in my case, it was the same experience you've had thus far. I applied online on a Saturday after having a positive pre-qualify on their website, did not get instant approval online. Then got an email saying that they would be in touch with me.

I called them on Monday. They said to give them up to 3 days for them to reach out to me, they didn't. I called Wednesday, spoke to someone who basically confirmed my address, DOB, and a few other generic ID steps. They said my app was delayed/held up bc of need for confirming ID. After the phone call they said to give it a few more days to see if I were to be approved. I called back Friday, they said I was approved for 3k for the Quicksilver. I waited like 4 more days for it to come in the mail. 

I was surprised bc aside from this now, all I had was a secured Discover IT card with a 1k SL which is still secured. My Fico 8 were in the low 600's. 628 Equifax, 605 Transunion, 621 Experian. They're a bit higher now.  

So don't be discouraged, although your circumstances may differ, you may be in the same process I was. Stay positive, and give them the 3 days, cause they will not pass you through to the ID confirmation people until 3 days has passed.

Hope that helps

---

That only applies to new apps. CLIs are automated. You're either approved or your not.