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Capital one CLI

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Snook_on_the_Line
Established Contributor

Re: Capital one CLI

FYI moving limit from another card will make you ineligible for a CLI for six months 

Daily Driver: Chase Prime VS 15k
Recurring bills: Cap1 Savor 2500
Sock Drawer: Jovia Elite 25k, Suncoast CU 20k, Lowe’s 35k
Churn for SUB: Barclays AAdvantage Aviator Red 1k
On the Chopping Block: CreditOne 800



^^^Fico8 scores as of Oct 24
Total Revolving CL: $99,300
Message 11 of 18
PufferKing
Established Member

Re: Capital one CLI

I kinda figured it would. 
should I try again and accept what it gives then transfers my limits or will it block the limit transfer after I accept the CLI. 

Message 12 of 18
whoisisaac
New Visitor

Re: Capital one CLI

I used the online Cap One CLI request and asked for a 50% increase which was auto denied.

Tried asking for a 20% CLI the next day and was also auto denied.

 

Both times response was:

 

"We know this isn't the answer you were hoping for and we want to
help you understand why:
• Your average monthly payment has been too low"

 

My Trans Union score is 801 and has been slowly sliding over 10 months due to single card utilization which has risen on my Capital One Quicksilver.   My Credit Utilization is only 4% for all my accounts but the CL of my only Capital One account a Quicksilver card is low.  I waited 10 months before asking for a CLI to be on the safe side. 

 

So I guess I *understand* that slow responsible credit usage isn't the profile Capital One rewards with a Credit Limit Increase or else its just a "bucketed" account that never had any chance to begin with.

 

Probably need to pay it down after the inquiry drops off and apply for a new card?

 

Wasting *live* customer service time on the phone isn't going to help with a CLI either if its bucketed.

Living with a credit score barely above Warren Buffets 716 isn't pretty but its probably smart.

 

 

 

 

Message 13 of 18
intelecorp
New Visitor

Re: Capital one CLI

I just requested one on Cap 1 Venture. My SL Mid April 2024 was $8k, just got an SP approval to $13k. Had requested $20k, so they met me abotu half way. Will try again in another 6 months.. this is one of my lowest CLs from any major banks so would like to see it push $20k eventually.

 


@PufferKing wrote:

Got a capital one Venture One in August 2024 with a SL of $1000.00 I've been using it like crazy and paying it off what are the chances of requesting a CLI and getting it my balance right now on the card is $35.00. I'm taking a trip this week and wanted to use the card for the rewards. 
I do have other capital one cards with way higher limits. 
Does it hurt anything by requesting CLI with capital one. 

thanks 

 


 

Message 14 of 18
RobDub
Member

Re: Capital one CLI

After reading through a lot of these forums, I requested a CLI on both of my CapOne cards, my quicksilver went from $400 to $500 which obviously wasnt much, but my Platinum that started out as a secured card and is now unsecured went from $300 to $1300!!! These forums have been so helpful!!!





Message 15 of 18
PufferKing
Established Member

Re: Capital one CLI

I'm fine with that not getting a credit increase for 6 months. But if I transfer $2000 from my Savor one card will I lose the 0% interest for 15 months promo. 

 

Message 16 of 18
JSUB
Valued Member

Re: Capital one CLI


@Snook_on_the_Line wrote:

FYI moving limit from another card will make you ineligible for a CLI for six months 


Nice to know. Thanks. 

Message 17 of 18
Snook_on_the_Line
Established Contributor

Re: Capital one CLI


@JSUB wrote:

@Snook_on_the_Line wrote:

FYI moving limit from another card will make you ineligible for a CLI for six months 


Nice to know. Thanks. 


It works the other way around too

 

When closing my platinum MC, I tried to move some limit from my platinum to my savor and wasn't able too because I had received a cli in the last six months on both cards

 

cap1 cited their rule that credit limits can only be adjusted once every six months.   
this includes CLIs, CLDs and credit limit reallocations. 

Daily Driver: Chase Prime VS 15k
Recurring bills: Cap1 Savor 2500
Sock Drawer: Jovia Elite 25k, Suncoast CU 20k, Lowe’s 35k
Churn for SUB: Barclays AAdvantage Aviator Red 1k
On the Chopping Block: CreditOne 800



^^^Fico8 scores as of Oct 24
Total Revolving CL: $99,300
Message 18 of 18
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