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Capital one CLI declined. Yes, it’s been 6 months

FinStar
Moderator

Re: Capital one CLI declined. Yes, it’s been 6 months


@DotaK wrote:

Tell you a screte for capital one CLI. You just max the limit and pay it off twice or three times within a month. After that, you click the button and your credit limit would just jump!


Unfortunately, this isn't really going to work for every profile @DotaK.  Not to burst your bubble, but there's a history of DPs on Capital One, so what you suggested isn't really a secret.  Folks have been there, done that.  If this were the case, you'd see several, and I mean a flood of Capital One CLI posts in the Approvals section.

Message 11 of 16
Chem2062
New Visitor

Re: Capital one CLI declined. Yes, it’s been 6 months

I just got declined on my cap one platinum cli, it's been at 500$ for 3 years. To put it in perspective I just got a cli from Apple to 6750$ yesterday, credit is high 600s, about 30% util. I'm the kind of person credit card companies should want, use it a ton, some times roll over but always pay. IMO, Forget about cap one, useless card from a useless company.

Message 12 of 16
OmarGB9
Community Leader
Super Contributor

Re: Capital one CLI declined. Yes, it’s been 6 months


@Chem2062 wrote:

I just got declined on my cap one platinum cli, it's been at 500$ for 3 years. To put it in perspective I just got a cli from Apple to 6750$ yesterday, credit is high 600s, about 30% util. I'm the kind of person credit card companies should want, use it a ton, some times roll over but always pay. IMO, Forget about cap one, useless card from a useless company.


I wouldn't say they're useless, but definitely tough to get a CLI from. They do help many rebuilders (including me) and are very forgiving even if you burned them before. In your case, do you use your card a lot? If you don't use it much, it can't be too surprising that they refuse to CLI it. Also, it *is* well known that starter cards generally get "bucketed" indefinitely and simply refuse to grow.


Last App: 05/30/2021
Capital One Auto Refinance Loan

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 13 of 16
Horseshoez
Valued Contributor

Re: Capital one CLI declined. Yes, it’s been 6 months

I went from a secured CapOne Platinum with a $1,000 limit to an unsecured Quicksilver with a $3,000 limit, but I cheated (kinda-sorta).

 

I found the $1,000 limit unworkable with my monthly spend and because CapOne would put roughly every-other payment I made on hold for up to 12 days, even though I'd paid the card off I couldn't use it because the money I'd paid hadn't been applied.  After dinking around for a month trying to deal with this situation I got disgusted and simply closed the card and figured they'd be mad at me for like, forever.  Six months later, literally to the day of the closure, CapOne E-Mailed me a "preapproval" for a Quicksilver card; I'd just been denied for the nth time by Discover so I took the bait and applied for the Quicksilver, bang, approved for $3,000.

 

Even though the Quicksilver is my lowest limit card, it is my go-to card for everything but dining out, groceries, and gasoline.  The thing is, even though they get a pretty bad rap by a lot of folks, their rewards are really easy to use; personally I love the fact I can redeem them directly on Amazon, where I do a lot of shopping.

 

This is probably a YMMV scenario, but if you cannot get a CapOne CLI, and if you're willing to burn a couple of HPs (note, I had my TU account locked at the time I applied for the Quicksilver, so I only got 2 HPs and was still approved), then apply for one of their other cards and then close the bucketed one.

I categorically refuse to do AZEO!

Message 14 of 16
BlackOpzFX
Established Member

Re: Capital one CLI declined. Yes, it’s been 6 months

With Cap1 card you have to spend 60%+ of your limit for a couple months. You can pay it off and don't have to carry it but they NEED to see the activity. Also they usually limit to 10% CLI's in $100 increments. You have to use them a LOT.

Message 15 of 16
Credit4Growth
Valued Contributor

Re: Capital one CLI declined. Yes, it’s been 6 months

Sorry for the Capital One increase denial.
Yet, congratulations on you recent Discover graduation and CLI!
|| DTI 8% || Mortgage Scores: EQ724, Tu694, EX726 ||
Inquiries: EQ/TU/EX (0 / 2 / 1) - 0/6 - 0/12 - 3/24 ||


Next App on the list is ???
Last apps: (2) August 18, 2019
Garden goal - Unknown date, 2021
Going for Sapphire spade - May 18th 2021

Dirty/ Thick/ Aged/
Message 16 of 16
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