Capital one CLI offer not sure what to do

[Cblough93]

So my 4th statement just generated, I asked for a cli to 3 grand and they came back and offered me $100 increase. I know this is typical for heavily bucketed cards but I don't believe my card is bucketed. My starting limit was 1500 which is well above the $300 starting limit most people speak of when talking about bucketed cards. and it's also a world elite MC if that makes any difference 

I declined it for now, I figured maybe the reason they only offered $100 was because I'm not even at the 6 month mark yet. And so maybe if I want until 6 months I may have a better chance of getting more. And I also was afraid if I accepted it, it would reset the 6 month clock, so I figured I would take the chance. Wait 2 more months and try again. 

what do you all think? Do you think I'll have a better shot at a bigger increase if I wait a little longer? Or should have I just taken the increase? (I should also mention that for the first 3 months I let the card report 0 balance each month, and this past statement was the first statement I let it report a balance. I've heard that the best way to get a big increase with cap one is to let it post a big balance for 3+ months in a row leading up to your CLI, so I also figured the 2 additional months of large balances may also help my case)

so to sum up

- declined $100 increase cause I'm 2 months away from 6 month mark

- figured the 2 additional months of large posted balances may help, since 3/4 months thus far were $0

[cashorcharge]

If you're account is bucketed....in my experience...I have not heard, seen or witnessed an "Unbucketing" so once it's there...you're there and $100 CLI's are your new norm.  I don't see the 6 month clock warranting anything greater.  As you've declined this, we'll look forward to your update in 2 months

[Cblough93]

I know this happens all the time with the heavily bucketed cards but I didn't think a card with that high of a starting limit would be affected. 

Plus the fact I'm not at 6 months yet. Oh well I can reapply for a better card later if needed

[Debt-is-a-Scam]

So I'm a bit new to Capital One, but I've looked at their cards rather extensively and I don't see a world Elite Mastercard anywhere on their site. They have Venture, Savor, QuickSilver, Spark, and a bunch of department store cards. My educated guess would be to wait 6 months, use your card as if it's your primary, very aggressively pay down all debt, and maybe do a product change to an upper level flagship card. Or even just apply for a whole new card altogether. I think that's what they like to see.

[Cblough93]

@Debt-is-a-Scam 

Sorry I should clarify that world elite master card is the top level of  Mastercard.

theres Mastercard, world Mastercard, and world elite. Visa has its own ranking system as well. 

In order to qualify for the world elite you need to meet certain criteria including an income requirement it's usually reserved for the best applicants.   

[Herestohoping19]

Afaik it is not predetermined that you are bucketed solely by starting limit. The 100 dollar increase could be indicative of this or could just be due to 0 balance at statement cut. I've had several cards with Cap1 and even got a 2500 starting limit that I got no increases on for 5 months and that was even with carrying a balance through statements. So my opinion may be biased but I would say if the card doesn't yield better increases following posting with a balance I would say that is indicative of being bucketed and it might be time to SD that card.

[Cblough93]

Yea I'm hoping it's just because I'm a brand new customer and I haven't even had the card 6 months yet. The thing is I really like the card and don't want to sock drawer it. 

I could always apply for a new card and transfer the limit, but that's a hassle. Doing this kills your average age. Plus it would result in like 15 cards by the time your done. Unless you cancel all the doner cards. But that's another hassle. 

[yam1rts]

can't wait to see what happens next. I should have done the same thing when I had the chance.

[Gregory1776]

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@Cblough93 wrote:

Yea I'm hoping it's just because I'm a brand new customer and I haven't even had the card 6 months yet. The thing is I really like the card and don't want to sock drawer it. 

I could always apply for a new card and transfer the limit, but that's a hassle. Doing this kills your average age. Plus it would result in like 15 cards by the time your done. Unless you cancel all the doner cards. But that's another hassle.

 You're going to have cards you are going to cancel. In 5 years that won't matter, hell banks do not care about that information right now. It's 10% of your score? That makes a tiny difference when your 70.

they want to know if you are going to use your credit cards responsibly and pay back. Some of your credit cards are beginner cards - use them as such. When you get better cards and more income and therefore higher limits you'll find the beginner cards absolutely useless. 

right now the only "beginner card" I have is my PCR, 7 yo with a 2,500 limit which is roughly what I spend a month. No possibility to increase it. So in a year or so it's getting closed if things don't change with the PenFed. Sucks it's 7 years old rn but in 18 years it's literally not going to matter. Stop running on 2.5x speed while the banks are at 1x 

All closed accounts; 2 I closed; Home Depot not shown. Closed that early this year.

[Cblough93]

Everyone I also wanted to say 

if you reject a cap one CLI, you can go back 5 minutes later, type In the same info. And get the exact same offer. I have tried it multiple times after turning it down and the offer is still there when I'm ready. 

so turning it down is not the end of the world