What are my chances at a CLI with Cap1 Venture and Barclay Arrival+?

[Anonymous]

I opened a Barclay Arrival+ and Cap1 Venture in early February and both of the 90 day statements are coming up shortly.

Barclay Arrival+ SL $12,500 and I read that they want you to carry a balance so I have about $2k on there. I've charged about $5k on this in the past almost 3 months

Cap1 Venture SL $15,000 and currently have about $800 on it and planning to pay off once the statement cuts. I've charged about $4k total in the past almost 3 months.

Now you may be asking yourself why I want CLI's with low utilization. Well, I've got several cards with small limits $1000-6000 limits that I'd like to begin closing or throw in the sock drawer because I have too many cards and I want 3-4 high limit cards for a total of $100k rather than my current 10-12 cards with $100k.

What are my chances of getting CLI's? Should I have a higher balance to show that I need a higher limit? Also worried about them slashing my limits.

[Anonymous]

Cap One is once every 6 months, soft pull online.  Barclay is call and ask for Soft Pull after 6 months.

[Anonymous]

I just called Barclay to see about a CLI with SP.  Nope.  HP she said.

[HeavenOhio]

It doesn't hurt to try with Capital One after your account becomes three months old. It's a soft pull, and if you're declined, you can try again tomorrow. The six month period applies after a previous increase (or decrease).

Here's their CLI FAQ:

https://www.capitalone.com/credit-cards/credit-line-increase/

[Anonymous]

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@Anonymous wrote:

I just called Barclay to see about a CLI with SP.  Nope.  HP she said.

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has to be after 6 months from opening date or last CLI, then the trick is to call and ask to speak to someone about APR reduction.  Then when you get that person on the phone get the APR reduction and then ask "by the way are there any SP CLI offers available?".  That's the trick since the CSR's only do it HP. 

Some companies are worth the HP for increase.  I would say definitely not with Barclay since out of all the lenders they are most likely to later take it away if you don't walk in a straight line like a coaster on rails.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I just called Barclay to see about a CLI with SP.  Nope.  HP she said.

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has to be after 6 months from opening date or last CLI, then the trick is to call and ask to speak to someone about APR reduction.  Then when you get that person on the phone get the APR reduction and then ask "by the way are there any SP CLI offers available?".  That's the trick since the CSR's only do it HP. 

Some companies are worth the HP for increase.  I would say definitely not with Barclay since out of all the lenders they are most likely to later take it away if you don't walk in a straight line like a coaster on rails.

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Yeah I just went past my 6 month mark with them from opening the account.  She did say they evaluate the accounts every 6 months or so, so maybe I will get an auto.  Not holding my breath.

[Anonymous]

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@HeavenOhio wrote:

It doesn't hurt to try with Capital One after your account becomes three months old. It's a soft pull, and if you're declined, you can try again tomorrow. The six month period applies after a previous increase (or decrease).

Here's their CLI FAQ:

https://www.capitalone.com/credit-cards/credit-line-increase/

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+1