@Curious_George2 wrote:
@AverageJoesCredit wrote:Very interesting research. Still doesnt explain how or why the give cli
. At end of the day , no matter the denial reasons , its almost like Discover in that theres no rhyme or reason to who gets what. At least wirh Discover, you might get a good cli. Dont get that feeling with Cap One. Im not one for over analyzing credit cards but my experience with Cap One via Walmart definetly would not give me urge to app any other Cap One card, even if i could
I agree with you up to a point. I can't find any pattern in their automatic CLIs. But the vanilla ones (core product, prompted by customer request, no PC, not credit steps) do seem to follow a pattern.
Their denial letters seem truthful, though sometimes a little cryptic. When all those issues get resolved, they say yes. But as for the amount, for now they are giving most people either 10% (rounded down to a multiple of $100) or a flat $100, whichever is greater.
Im still blown away on hiw they give people on $100 increases. Im not the richest guy on the planet, pretty poor actually, but theres not alot one can do with a $100 even spending it in a store or a grocery store. At least give people usable limits. If they screw the pooch and pay late or derog, yeah, show them hunskies but its sad that even heavy spendrs are rewarded with $100 increases.
On a different note i lol at my recent Amex cli denial. Main reason was low Fico score, 714.....followed by 4 other reasons that only a true MFer could love and reason out
I hit the luv button today. I had predicted they would offer me $400. The result:
So, yeah, it looks like they currently have a strong preference for offering around 10%. After taking another look at the recent Approvals, I see the rounding is more nuanced than the simple "round down" rule I had previously speculated. Regardless, I hit the very handy "Not Now" button.
Some additional DPs: Scores are around 775, though EQ5, which I have heard they use, is closer to 730. My spend in each of the last three statement periods was around $2,100 (more than 50% of my limit). My balance peaked a few weeks ago at 96% of my limit. My latest statement balance, which was also my current balance at the time of the request, was 28% of CL. It probably goes saying, but everything about my account and my profile complies with the rules I postulated at the top of this thread.
My short-term plan is to run the balance up to 70% and request again to see if they offer more. Then pay it down to zero and see if that changes the offer at all. I don't expect either action to make any difference, but we'll see!
I carried a 80% balance for 24 months, then paid it in full Aug 2020 and tried....denied. I waited until their SP showed up and tried again. $750 my line was $7750 so I took it, looks like I got a hair less than 10%. I was just so happy it was more than $100.
I haven't used the card much since the increase - cable or utility here, grocery trip there. Maybe I'll use it for Christmas shopping and try again end of March...I just wanted to get it to 10k; paying the 19.99% makes me not want to carry a balance.
012019 Fico8/Mortgage Score: 
I recently received an automatic bump from $10K to $13K on Savor which I fully wasn't expecting. I'm suspecting they looked back through the spend that went through the card during this calendar year and noticed I'd had it over 50% at one time and PIF within the same statement. This along with a few transactions in the $3K-4K range and PIF those as well. Carried a $3K balance over a couple months when I was being cautious with cash surplus due to job uncertaintly, but PIF once I found out I was on firm ground with my employer. CLI happened while my DD who is an AU was using it in Las Vegas for shopping and entertainment. (She spent around $1400 over there and that's now PIF'd) Fico 08's have been steady in the 760-770 range on all 3. No baddies/no lates anywhere.
It definitely takes effort to get a useful CLI from Cap One. Those large purchases were for my ex wife who was having Paypal issues buying vinyl for her home business. I told her to PP me and just use my DD's card (who was with her at the time). Cap One didn't even blink at the $5600 purchase, nor any of the others where we did the same thing. I'm fairly certain without those transactions, I'd still be at $10K.
