Cabelas Club Visa Big Increase Approval!

[jtw34240]

Well after much trial and error with Cabelas club I finally got my credit limit increased from $500 to $5,000. Had the card for about 14 or 15 months. Never got an increase above the $500 in over a year. Always paid on time and in full. No baddies on my reports, low utilization etc. Was told by their credit department that i needed a 680. I been over that amount for months. 3 months ago i tried for an increase and at that time i knew my score was over 700. On the first denial they said score too low. I try again 90 days after the first denial. I am told my score is too low. I knew my score with equifax was 718. I have myfico subscription. I called them back today telling them a good earful about knowing my score is over 700 and after putting me on hold they come back and tell me that there was an error in submitting the increase form. She tells me that she was able to look at the report and see the error. She reprocessed the form and asked me what limit i was requesting. I said 5k because my limits on other cards run from 5k to 10k. So after processing the form she said it was approved and she had her supervisor assisting her. I argued with the guy the last time and he kept telling me my score was 675 or 676 which i knew was not true. i pulled a 3b equifax report from myfico and on none of the versions of fico score was anything lower than 700. So either the guy that i spoke to the first time for some reason just made a mistake whether it be intentional or an honest error i don't know. But at least i got my increase finally. 

[Total80sKid]

Congrats on the CLI!

Glad you got what you wanted

[jc2]

Congrats. Admirable persistance

[Meanmchine]

After all that, was it a SP or HP?

Congrats BTW

[jtw34240]

3 months ago was 1 pull then another just a week or so ago. but for 5k it was worth the hardpulls. cabelas visa increases are always a hard pull. i have seen posts from others they got auto credit line increases but not very many. i figure i want to get my increase in before capital one takes over. capital one not showing love like they used to now i get denial for limit increase because of inquiries. stuck with cap one quicksilver 1 card at 2k limit have got a zero balance on it and it will stay in the sockdrawer till they give an increase. had to call the executive office to get this year's annual fee waived.

[Meanmchine]

LOL welcome to my world and Cap1. I have a 10k Cabelas and Im afraid Cap1 might CLD it. I have 2 Cap1 cards that cant grow either

[jtw34240]

i've never heard of anyone getting a cld from capital one. once you have it i think it's pretty solid so they might take aa if your start to default on debts or late payments to minimize their losses. i wonder if i left money on the table asking for only 5k. but 10x cli is pretty good considering the limit was 500. i've went from 500 to 5k with paypal (synchrony bank) master card and then shortly after asked for 10 and they countered with 8k.also went from 1500 to 10k on the marvel card after 3 months.

[woodyman100]

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@jtw34240 wrote:

i've never heard of anyone getting a cld from capital one. once you have it i think it's pretty solid so they might take aa if your start to default on debts or late payments to minimize their losses. i wonder if i left money on the table asking for only 5k. but 10x cli is pretty good considering the limit was 500. i've went from 500 to 5k with paypal (synchrony bank) master card and then shortly after asked for 10 and they countered with 8k.also went from 1500 to 10k on the marvel card after 3 months.

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There have been a few reports of Capital One reevaluating limits and exposure.

Lately some have indeed had a CLD.

The Capital One rock seems to have developed cracks.

i agree that might have been able to get more. the do counter

[DeeBee78]

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@woodyman100 wrote:

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@jtw34240 wrote:

i've never heard of anyone getting a cld from capital one. once you have it i think it's pretty solid so they might take aa if your start to default on debts or late payments to minimize their losses. i wonder if i left money on the table asking for only 5k. but 10x cli is pretty good considering the limit was 500. i've went from 500 to 5k with paypal (synchrony bank) master card and then shortly after asked for 10 and they countered with 8k.also went from 1500 to 10k on the marvel card after 3 months.

---

There have been a few reports of Capital One reevaluating limits and exposure.

Lately some have indeed had a CLD.

The Capital One rock seems to have developed cracks.

i agree that might have been able to get more. the do counter

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The Capital One CLD's have mostly been from people who obtained 30-50K limits via account combination, and aren't using even 1% of those limits. 

Capital One is limiting their exposure bceause of the uptick in defaults they've experienced this year. If they weren't dealing with rising defaults, these CLD's probably wouldn't have happened, in my opinion. 

[woodyman100]

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@DeeBee78 wrote:

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@woodyman100 wrote:

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@jtw34240 wrote:

i've never heard of anyone getting a cld from capital one. once you have it i think it's pretty solid so they might take aa if your start to default on debts or late payments to minimize their losses. i wonder if i left money on the table asking for only 5k. but 10x cli is pretty good considering the limit was 500. i've went from 500 to 5k with paypal (synchrony bank) master card and then shortly after asked for 10 and they countered with 8k.also went from 1500 to 10k on the marvel card after 3 months.

---

There have been a few reports of Capital One reevaluating limits and exposure.

Lately some have indeed had a CLD.

The Capital One rock seems to have developed cracks.

i agree that might have been able to get more. the do counter

---

The Capital One CLD's have mostly been from people who obtained 30-50K limits via account combination, and aren't using even 1% of those limits. 

Capital One is limiting their exposure bceause of the uptick in defaults they've experienced this year. If they weren't dealing with rising defaults, these CLD's probably wouldn't have happened, in my opinion. 

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I agree.