Hello All!
This is long...sorry. About 2 1/2 yeara ago i had a 600 credit score and a chargeoff. I cleaned up my credit, got a capital one card and a credit one card. the limits were like $500 each. I used them and over time got auto increases. always paying the balance off monthly. Capital One contacted me and offered to "upgrade" me top the Quicksilver card. I did. they kept giving me reguluar CLIs. They sent me another offer to conver to a Savor One card..I declined. Fast forward. I now have a 802 credit score and my last cars, Apple is at $15,300 CL, SoFi $10,500 CL, Amex Blue $1,000 CL. My Cap One Quicksilver is at $2500, bt has been stalled for about a year. They keep denying the CLI request because "Recent use of this account's existing credit line has been too low.". So last month I ran it up to the limit, then paid it in full before the end of the statement. Applied for a CLI and got the same thing. So I did the same thing this month. Expecting the same result. My APR is %25.24 which is insane. I asked them to lower it..denied. On th flip side, my Apple is %14...I think my So-Fi is %13 and I got a pre-approval from nasafcu at %10. So should I keep doing this and see if they gve me a CLI? Should I apply for a new Cap 1 card and close this one? Should I just look at different CCs altogether?
It's probably bucketed and won't grow much/at all. Sorry. I'd focus on your other cards instead.
@dragontears wrote:
@DaWhole9 wrote:Hello All!
This is long...sorry. About 2 1/2 yeara ago i had a 600 credit score and a chargeoff. I cleaned up my credit, got a capital one card and a credit one card. the limits were like $500 each. I used them and over time got auto increases. always paying the balance off monthly. Capital One contacted me and offered to "upgrade" me top the Quicksilver card. I did. they kept giving me reguluar CLIs. They sent me another offer to conver to a Savor One card..I declined. Fast forward. I now have a 802 credit score and my last cars, Apple is at $15,300 CL, SoFi $10,500 CL, Amex Blue $1,000 CL. My Cap One Quicksilver is at $2500, bt has been stalled for about a year. They keep denying the CLI request because "Recent use of this account's existing credit line has been too low.". So last month I ran it up to the limit, then paid it in full before the end of the statement. Applied for a CLI and got the same thing. So I did the same thing this month. Expecting the same result. My APR is %25.24 which is insane. I asked them to lower it..denied. On th flip side, my Apple is %14...I think my So-Fi is %13 and I got a pre-approval from nasafcu at %10. So should I keep doing this and see if they gve me a CLI? Should I apply for a new Cap 1 card and close this one? Should I just look at different CCs altogether?
Clarification question:
This card is less than 3 years old?
Yes it's less than 3 years old. Will be 3 years in December.
@OmarGB9 wrote:It's probably bucketed and won't grow much/at all. Sorry. I'd focus on your other cards instead.
^This. My Capital One is also stuck at $2500. They were the first lender to give me a $2K limit during my rebuild. I got another $500 from them and that's it. I ask for a CLI when I think about it but I expect nothing more from the account. I keep it around because it's one of my oldest cards and it has no FTF or AF.
I wouldn't close a card that's not costing me anything to keep.
If I got to the point where I had so many cards they were difficult to manage and I was trying to thin the herd, I might consider it then, but I'm nowhere near that point yet.
@DaWhole9 wrote:They sent me another offer to conver to a Savor One card..I declined.
I would love to be able to product change my Quicksilver to a Savor One. I have several cards that give me 2% back on everything. So the 1.5% from the QS isn't really helpful. The S1 is something I could use but don't really want to add an inquiry and new account to get it.
My Venture One has been stuck at its current limit for almost 4 years. Even when I was using it frequently (it was my only travel card for a while), it didn't grow any more than where it is - which is only that high from account combinations.
I've moved on from Cap One. I refuse to close the card because of the history and length of time it's been open, but it is sock drawered. It gets one purchase every 6-12 months, and that's it. If they ever decide to close it, I won't be upset.
My suggestion is if you can obtain something that better suits your needs, apply and move on. Between the lack of growth and triple pulls for new credit, I think you can do better than Cap One.
I must be bucketed and im not sure if i want to continue to try with this one. Started at $500, went up to about $1000 and they converted me to Quicksilver and now its $2500. In about 2 years. Perfect payment history. My credit score was 690ish at first now 800ish. I was putting about $300 a month on the card and paying in full wach month. 3 months ago I started putting 2300-2500 on it and paying in full. Still get the denial that say my usage for the card is too low. I now have a few cards over $10000 in CLIs and others I wanna grow like AMEX and Discover. Should i just call it quitson trying to work with Cap 1? I have called and all they say is "well the system will approve you when you meet the criteria.". They did say the CLI system may be a few months behind in showing usage. So maybe 4-6 months of high activity MIGHT make a difference. Ideas?