@Anonymous wrote:Thanks for all the replies. To answer a few questions:
1) In regards to my usage when I received my increases (years ago) I was using close to 100% of the limit. I was able to get this card up from a few hundred dollars to $4k. I currently can easily run up a few thousand (of normal expenses) but simply have shifted my spend to NFCU because I like them more.
2) Regarding the bounced payment they did tell me to wait in the denial letter from a year ago. This bounced payment didn't result in a late. I was simply forced to resubmit payment 2 days later. According to the denial letter this had no affect on my CLI rejection this time around. The only reason stated was too little usage.
3) I do not personally believe someone needs to spend 100% of their limit in order to be worthy of a higher limit but cap one might.... I currently run through about $800 a month for the last 6 months now that it isn't my daily driver. Asking for a CLI when you only use half a limit or even 25% of a limit shouldn't be frowned upon because it all has to do with overall utilization. Many of us zero out each month but that isn't always possible. In those situations where you need to carry a balance the higher your credit limit the better off you will be.
Based on some of your replies I'm thinking i'll need to turn this into my daily driver for a few months and try again towards end of summer.
You have answered your own questions, so good on you!
You admit that you blew off Cap 1 as your primary card, and thus had nowhere near your former usage. Accordingly, they shut off the CLI faucet.
And while you're certainly free to believe that someone doesn't need to use high and pay high, that's how Cap 1 rolls. If you think about it, high usage is necessary per their business model...and they've been pretty successful with it.
@Anonymous wrote:
@Snoopy916 wrote:I have a $1,500 limit on my card. Had it for almost 2 years. I literally run over $10,000/month through the card because it's my best cashback card currently. I have only gotten 1 CLI ever, and for the past year I have gotten denied with the too little use every single time. I don't think it's even possible to use it more. I charge a few hundred to $1000+ almost every single day, and pay it off almost daily. Coincedentally, my QuicksilverOne has double the limit and I almost never use it because the cb is lower.
Thanks for the data point. Wish I didn't read it lol.
LOL Right? 😂
I think what is most frustrating about Cap 1 is the fact that their service, payment and general business model are all top quality.
Their app is OUTSTANDING.
I make a payment in the afternoon and both my balance and available credit are updated just past midnight.
Their rewards are available the moment a transaction posts.
The price we pay for enjoying the many benefits of what Cap 1 offers is enduring their frustrating CLI and product change/prequal policies, but is that REALLY so terrible?
I called them recently and asked them to set my QS CL to $5,000, as that easily accommodated my spending patterns and maximized rewards accordingly...and I liked that there was a solid hard cap.
The Cap 1 rep said "Sounds perfectly reasonable. You got it." (verbatim)
The MyFico team, as a whole, loves high lines because they mask usage and keep FICO scores nice and high, so Cap 1 isn't ideal for that purpose. But on the margin, they are a terrific CC lender.
