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Approved for cli but have a question

Mayn
Regular Contributor

Approved for cli but have a question

I logged in to cap 1 for luv. Qs1 was offered a bump from 600-1850, 1250 increase. Take it or wait? I've heard some say wait it out for larger. Yay or nay? Thanks in advance.
Message 1 of 8
7 REPLIES 7
CountryLivin
Valued Contributor

Re: Approved for cli but have a question

I'd take it, cause things happen and it could always go the other way too.

Message 2 of 8
MrsCHX
Valued Contributor

Re: Approved for cli but have a question

I think the 'wait' is for small CLI...like a couple hundred dollars. You've just tripled your credit limit. I think that's pretty good.

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 3 of 8
Mayn
Regular Contributor

Re: Approved for cli but have a question

Ok thank you. I did end up taking it last night.
Message 4 of 8
blunderer
Established Contributor

Re: Approved for cli but have a question

WTG!!!

 

I think you made the right decision Smiley Wink

Message 5 of 8
Mayn
Regular Contributor

Re: Approved for cli but have a question

Thanks, j figured the same thing about the 3 x increase. Even though not as high as I wanted, still pretty good. If I get another 3x next time then I'll be happy. 6 more months lol.
Message 6 of 8
Seashell1
Member

Re: Approved for cli but have a question

I definitely think you did the right thing. I received one small ( 1k ) CLI on my QS after about 6mos, 15k to 16k ( I'm not complaining about my 15k SL!!! ). I have had my Spark Business card with them for 11 years and have never been granted a CLI (no missed payments and always PIF), but I don't put much spend on it because I have better rewards cards. The sole reason given for CLI denial is that I "do not use enough of current credit limit." So, in my experience, Cap One likes to see heavy usage.

Message 7 of 8
RonM21
Valued Contributor

Re: Approved for cli but have a question

Congrats on taking the increase!
                

Total CL: $314.7kUTL: 2%AAoA: 6.8yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | DISC-40.6k | PENFED-38.4k | AMEX-37k | LOWES-35k | ALLIANT-25k | BARCLAYS-15k | CITI-13.7k | CHASE-10k

Message 8 of 8
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