Capital one CLI, Should I?

BenTramer1978 · ‎07-15-2021

So I am in a weird spot. I have the Capital one Walmart mastercard. I know they SP Equifax for the CLI decisions. That is my one dirty left. The other 2 are clean due to Early exclusion but my car repo is still on there and my CLI from Amex hasn't reported yet. So when I first got the card it was a SL of 300. After 6 months I got a 100 increase which I know is standard. Last month I did the same and was offered 100. I withdrew the request. Today I tried again and they offered me 250. So the question is do I take it Or do I wait for the car to drop off Sept 1st? Would that even make a difference? Are there odds I could get offered more with a better score or is this the best I can do for now?

Red1Blue · ‎07-15-2021

If I were I would take it. There is no guarantee they will give better CLI after the baddie dropped. I would say take it for now and try again for another CLI in 6 months.

BenTramer1978 · ‎07-15-2021

Based on this one reply I did it. It's just so funny to have other cards with much higher limits and this one with 650. Still for Capital One I guess that's generous.

Anonymous · ‎07-15-2021

@BenTramer1978 wrote:
Based on this one reply I did it. It's just so funny to have other cards with much higher limits and this one with 650. Still for Capital One I guess that's generous.

Unfortunately, capital one often "buckets" cards that are opened when rebuilding. It makes it very difficult to get higher limits on those cards once you are finished with your rebuild. Even higher limit cards with Cap1 they will typically only approve CLIs of 10% of your limit.

Capital One wasn't always as conservative with limits...

BenTramer1978 · ‎07-15-2021

@Anonymous wrote:
@BenTramer1978 wrote:
Based on this one reply I did it. It's just so funny to have other cards with much higher limits and this one with 650. Still for Capital One I guess that's generous.
Unfortunately, capital one often "buckets" cards that are opened when rebuilding. It makes it very difficult to get higher limits on those cards once you are finished with your rebuild. Even higher limit cards with Cap1 they will typically only approve CLIs of 10% of your limit.
Capital One wasn't always as conservative with limits...

Yes I know it's just still frustrating because unlike the Quicksilver I can't just sock drwer this one. I get a ton of cash back every month on this one. Still 250 is still better than the standard 100 they normally offer so I guess I should just shut up.

Legal_Girl · ‎07-23-2021

I don't even bother to request credit limit increases from Capital One anymore.. No way to read them as to why they do what they do. I think my Quicksilver will be paid off soon and I will close it. I will keep my Walmart Mastercard because the credit limit is more than sufficient.

Good Luck

Homeowner Again as of July 17, 2014. Thanks to the VA and NFCU. FICOs EQ - 786/EX - 782/TU - 778 /Quicksilver $3,500 / Cred 1 $2,875 / 1st Natl $5,250/ Kohls Visa $5k / Mercury MC $5,850 / NFCU Visa Sig Cash Rew $27k/ Lowes $25k / Best Buy Visa $11k/ NFCU LOC $15k / Capital One Savor $7.5k / Chase Freedom Unlimited $1,500 / Discover IT $31,000 / Discover IT Chrome $21,500 / Citi DC $10,500 / AMEX Blue Cash Preferred $17,500 / Citi Simplicity $18,500 / Citi Strata $14,500/ Care Credit $18k/ AMEX Gold - NSL / Chase Sapphire Preferred $20,500

Anonymous · ‎07-23-2021

@BenTramer1978 wrote:
So I am in a weird spot. I have the Capital one Walmart mastercard. I know they SP Equifax for the CLI decisions. That is my one dirty left. The other 2 are clean due to Early exclusion but my car repo is still on there and my CLI from Amex hasn't reported yet. So when I first got the card it was a SL of 300. After 6 months I got a 100 increase which I know is standard. Last month I did the same and was offered 100. I withdrew the request. Today I tried again and they offered me 250. So the question is do I take it Or do I wait for the car to drop off Sept 1st? Would that even make a difference? Are there odds I could get offered more with a better score or is this the best I can do for now?

Cap 1 does not give out big CLI's. That's probably the most you'll get regardless

ToofDoc · ‎07-24-2021

@Anonymous wrote:
Cap 1 does not give out big CLI's. That's probably the most you'll get regardless

I hope to proof this wrong in my future CLI request with Cap One. (fingers crossed)

Cap One granted me a $10K starting SL less than 2 years after BK7 discharge back on 5/25/2021 and I've been using the card like crazy charging close to the SL and then paying it all off before the statement date so it shows $0 balance every month for the last 2 months already. So hopefully when I go apply for a CLI, I'll get thousands more?

Horseshoez · ‎07-24-2021

@ToofDoc wrote:
@Anonymous wrote:
Cap 1 does not give out big CLI's. That's probably the most you'll get regardless
I hope to proof this wrong in my future CLI request with Cap One. (fingers crossed)

Cap One granted me a $10K starting SL less than 2 years after BK7 discharge back on 5/25/2021 and I've been using the card like crazy charging close to the SL and then paying it all off before the statement date so it shows $0 balance every month for the last 2 months already. So hopefully when I go apply for a CLI, I'll get thousands more?

I've been reading lots of CLI reports coming from CapOne card holders, and my unofficial tally suggests "requested" CLIs are kinda-sorta capped at about 10%, however, for those using their cards on a regular basis and don't ask for a CLI, the Auto-CLIs can be fairly substantial. The kink with the Auto-CLIs is you need to let much more time elapse before you get them.

In my case, I opened a Quicksilver in December and requested a CLI in April; yup, 10%. I don't even remotely need a higher credit limit so I'm just going to continue using the card and see what happens in the 6-month to 1-year time frame; I'll of course report back if/when something happens.

Chapter 13:

Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
Filed: 26-Feb-2015
MoC: 01-Mar-2015
1st Payment (posted): 23-Mar-2015
Last Payment (posted): 07-Feb-2020
Discharged: 04-Mar-2020
Closed: 23-Jun-2020

I categorically refuse to do AZEO!

In the proverbial sock drawer:

ToofDoc · ‎07-24-2021

@Horseshoez wrote:
I've been reading lots of CLI reports coming from CapOne card holders, and my unofficial tally suggests "requested" CLIs are kinda-sorta capped at about 10%, however, for those using their cards on a regular basis and don't ask for a CLI, the Auto-CLIs can be fairly substantial. The kink with the Auto-CLIs is you need to let much more time elapse before you get them.

In my case, I opened a Quicksilver in December and requested a CLI in April; yup, 10%. I don't even remotely need a higher credit limit so I'm just going to continue using the card and see what happens in the 6-month to 1-year time frame; I'll of course report back if/when something happens.

Do you spend/charge right up to your SL and pay off in full before statement cuts or do you have a monthly balance?

And what is your SL now?