Capital One QS Early CLI Request

Anonymous · ‎12-08-2014

When I applied for Capital 1's card, they started me off with a PC then change me over to a QS. I am not sure of the difference. I began with a $300.00 CL. I was told that I was "possibly" eligible for an increase after 3 statements. With today being the closing of the 4th statement, I decided to try for a CLI. I went online, filled out the questionnaire and then it stated it would reply to my request in 2-3 business days. Do you thing I prematurely requested a CLI? Why do they need 2-3 days to figure out if I am eligible or not. I've always paid on time.

Anonymous · ‎12-08-2014

@Anonymous wrote:
When I applied for Capital 1's card, they started me off with a PC then change me over to a QS. I am not sure of the difference. I began with a $300.00 CL. I was told that I was "possibly" eligible for an increase after 3 statements. With today being the closing of the 4th statement, I decided to try for a CLI. I went online, filled out the questionnaire and then it stated it would reply to my request in 2-3 business days. Do you thing I prematurely requested a CLI? Why do they need 2-3 days to figure out if I am eligible or not. I've always paid on time.

Never heard of 3. Heard of 5, Heard of 7. Never 3.

Anonymous · ‎12-08-2014

2-3 may mean a denial. At least it did for me. If they threw you in the credit steps program, which is likely since you have a $300 CL, the letter will probably say your account isnt yet 6 months old. You can try the EO or contact them via FB. FB response time was pretty quick. Might get the same result but its worth a try.

Anonymous · ‎12-08-2014

It's funny how I could be approved for (although it's not much) a $2,300 limit at Overstock but possibly not one from $300. Hopefully things will work in my favor. I will keep everyone posted.

CreditCuriosity · ‎12-08-2014

That is a denial...

Anonymous · ‎12-08-2014

Definitely recon ASAP if you can. It's worth a shot to see. If they said there was a possibility of a CLI within 3 statements then I wouldn't think that it's premature. Did you follow up with them before applying? Regardless, it'll help to follow up right now.

b_diddy · ‎12-08-2014

@Anonymous wrote:
It's funny how I could be approved for (although it's not much) a $2,300 limit at Overstock but possibly not one from $300. Hopefully things will work in my favor. I will keep everyone posted.

Er, um ... Overstock approvals are probably not a good comparison for other approvals. OS is handing out CL's like candy.

FICO Scores: EX 733 (1/17/15) EQ 761 (1/17/15) TU 750 (1/17/15)

OffToBetterStart · ‎12-08-2014

+1 Thats a denial

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Anonymous · ‎12-08-2014

I will definitely follow up tomorrow with a call to the recon department. I was hoping that it wasn't a denial, but from the responses, it doesnt seem to be positive.

Anonymous · ‎12-08-2014

@b_diddy wrote:
@Anonymous wrote:
It's funny how I could be approved for (although it's not much) a $2,300 limit at Overstock but possibly not one from $300. Hopefully things will work in my favor. I will keep everyone posted.
Er, um ... Overstock approvals are probably not a good comparison for other approvals. OS is handing out CL's like candy.

+2,300.