Capital One: a CLI request after a (account review) CLD

[Wavester64]

Curious - I have 3 Capital One Cards (A,B & C for this discussion).

During the summer, I requested a CLI on Card A. I got denied because of "Recent use of this account's existing credit line has been too low".

I guess during that review, they looked at Card B and gave me a CLD from $6K to $1500, noting the following reason "Recently, during a regular account review, we noticed you've only been using a portion of your credit line. To better fit your card usage, we've reduced your credit limit to $1,500"

Now according to the Capital One "rules" as it pertains to CLIs/CLDs, it states:

Capital One lets you request a credit limit increase online as often as you want, but you can only be approved once every six months. If you've received a credit limit increase or a credit limit decrease in the last six months, you won't be approved for a credit limit increase.

I draw your attention to the CLD part of that statement. Does that apply to account review CLDs as well?

Reason I ask is that there has been significant spend on Card C since that decrease, and I would like to request a CLI on that card, but its only been ~4 months since the *reviewed* CLD on Card B, so I am not sure if that means I have to wait 2+ more months, or I am free to try since the CLD was not a request?

Your thoughts?

[FinStar]

IIRC, CLDs whether requested by a cardholder or during any AR (system or manually driven) count toward that CLI policy.  It's the 'change' that triggers the action.  You can always test the waters for posterity purposes and see.  It's a SP anyway 😊

[Wavester64]

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@FinStar wrote:

IIRC, CLDs whether requested by a cardholder or during any AR (system or manually driven) count toward that CLI policy.  It's the 'change' that triggers the action.  You can always test the waters for posterity purposes and see.  It's a SP anyway 😊

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True, but I hate rejection  and I am on a positive role of late and I don't want to spoil it with a "Notice in 7-10 days" letter 

[FinStar]

Well you have to cross that bridge at some point 😉. I would personally try it just for peace of mind or to confirm things.  Getting a rejection is not a bad thing, at least not in this case.  Otherwise, you could just hang in suspense for a few more months.

[rostrow416]

It's only going to pertain to the card that was affected.  Card C should still be eligible for a CLI, even if Card B isn't (which I'm not really sure of a CLD will affect Card B's ability to receive a CLI).

At worst they are only soft pulls, so request away.

[Iusedtolurk]

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@Wavester64 wrote:

Curious - I have 3 Capital One Cards (A,B & C for this discussion).

During the summer, I requested a CLI on Card A. I got denied because of "Recent use of this account's existing credit line has been too low".

I guess during that review, they looked at Card B and gave me a CLD from $6K to $1500, noting the following reason "Recently, during a regular account review, we noticed you've only been using a portion of your credit line. To better fit your card usage, we've reduced your credit limit to $1,500"

Now according to the Capital One "rules" as it pertains to CLIs/CLDs, it states:

Capital One lets you request a credit limit increase online as often as you want, but you can only be approved once every six months. If you've received a credit limit increase or a credit limit decrease in the last six months, you won't be approved for a credit limit increase.

I draw your attention to the CLD part of that statement. Does that apply to account review CLDs as well?

Reason I ask is that there has been significant spend on Card C since that decrease, and I would like to request a CLI on that card, but its only been ~4 months since the *reviewed* CLD on Card B, so I am not sure if that means I have to wait 2+ more months, or I am free to try since the CLD was not a request?

Your thoughts?

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If it was me I wouldn't even bother with them right now and fly under the radar for awhile because of what they did previously. They could pull the same thing on Card A (cld due to usage) after possibly denying Card C cli.

But if usage has been very good on Card A then all that occurs is a non-harmful SP.

[Anonymous]

Cap 1 does very little for me and in my option it is not a bank that grows with you. I had a 24 year old account with them that I use very little and month ago they decrease the credit line down to 2k from 25. Mind you that I have neve been late with any of my accounts .  After the decrease I just closed my accounts with cap1 credit cards and banking. The Cap 1 bank manager was not happy when I closed out my savings and checking accounts.  There are other banks out there are better to deal with. 

[Wavester64]

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@Wavester64 wrote:

Curious - I have 3 Capital One Cards (A,B & C for this discussion).

During the summer, I requested a CLI on Card A. I got denied because of "Recent use of this account's existing credit line has been too low".

I guess during that review, they looked at Card B and gave me a CLD from $6K to $1500, noting the following reason "Recently, during a regular account review, we noticed you've only been using a portion of your credit line. To better fit your card usage, we've reduced your credit limit to $1,500"

Now according to the Capital One "rules" as it pertains to CLIs/CLDs, it states:

Capital One lets you request a credit limit increase online as often as you want, but you can only be approved once every six months. If you've received a credit limit increase or a credit limit decrease in the last six months, you won't be approved for a credit limit increase.

I draw your attention to the CLD part of that statement. Does that apply to account review CLDs as well?

Reason I ask is that there has been significant spend on Card C since that decrease, and I would like to request a CLI on that card, but its only been ~4 months since the *reviewed* CLD on Card B, so I am not sure if that means I have to wait 2+ more months, or I am free to try since the CLD was not a request?

Your thoughts?

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So I decided to give it a shot, this is what I got - denial?

Request Received
Thanks for submitting your request
You'll receive a document in the Online Document Center with the outcome of our review in approximately 2-3 business days. We'll also send you an e-mail asking you to visit the Online Document Center when it's available.

[Wavester64]

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@Wavester64 wrote:

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@Wavester64 wrote:

Curious - I have 3 Capital One Cards (A,B & C for this discussion).

During the summer, I requested a CLI on Card A. I got denied because of "Recent use of this account's existing credit line has been too low".

I guess during that review, they looked at Card B and gave me a CLD from $6K to $1500, noting the following reason "Recently, during a regular account review, we noticed you've only been using a portion of your credit line. To better fit your card usage, we've reduced your credit limit to $1,500"

Now according to the Capital One "rules" as it pertains to CLIs/CLDs, it states:

Capital One lets you request a credit limit increase online as often as you want, but you can only be approved once every six months. If you've received a credit limit increase or a credit limit decrease in the last six months, you won't be approved for a credit limit increase.

I draw your attention to the CLD part of that statement. Does that apply to account review CLDs as well?

Reason I ask is that there has been significant spend on Card C since that decrease, and I would like to request a CLI on that card, but its only been ~4 months since the *reviewed* CLD on Card B, so I am not sure if that means I have to wait 2+ more months, or I am free to try since the CLD was not a request?

Your thoughts?

---

So I decided to give it a shot, this is what I got - denial?

Request Received
Thanks for submitting your request
You'll receive a document in the Online Document Center with the outcome of our review in approximately 2-3 business days. We'll also send you an e-mail asking you to visit the Online Document Center when it's available.

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For those following a long, DECLINED, for the following reason:

"Recent use of this account's existing credit line has been too low"

Odd, why not just decline me on the spot, why the need for the 24-hour wait.

Anyways, I had a feeling - oh well, no biggie.

[FinStar]

At least now you know what the decision was based on.   It appears the results were independent from your last CLD.