So before Dec 1, my reported card utilization was at 92.9%. I paid down that credit card to where I got to 1% utilization, but every time I submitted a CLI request on the Cap 1 website, they would pull an old credit report (showing my old utilization and old scores) and deny me.
Some datapoints below
Requested on date - Credit report pulled
Dec 12 - Oct 30
Dec 16 - Oct 30
Dec 23 - Nov 27
Jan 1 - Nov 27
Jan 7 - Nov 27
Jan 12 - Nov 27
Jan 18 - Nov 27
Jan 21 - Approved, haven't gotten the online doc yet, but I can assume it's a December statement.
Didn't want to call in and risk a hard pull (has anyone recon'd a CLI denial and had it turned over with a soft pull?), so I just kept applying until I got it.
H/t to @keithai1986, whose topic made me go ahead and try today; I'd have tried tomorrow anyway, but still, thanks to his topic, I knew they were finally pulling using December reports.
Asked for a $2k CLI, they countered with a $3k CLI, so I accepted. I'm gonna be keeping an eye on my reports, have my eye on a few cards (gonna shoot my shot with PenFed again, gonna eventually app for the CSP, and if I get the CSP, I'll wait a few months and try for the Freedom)
You said you “asked for 2K and they countered with 3K”... was this online or did you call in?
I did it online. I'm assuming that if you're approved for an amount greater than what you requested, they give you the choice of just taking what you were asking for or going up to the amount they approved you for.
Congratulations on your CLI!
Same thing here with the old reports. Hopefully at the end of this month it will update for my account 🤦🏽♀️
Idk if it's tied to your statement date (my statements cut on the 27th), but if it isn't, I think you should go ahead and check today just in case.
Congrats. Cap1 doesn't do recon. Whatever the computer says is the final decision.
Thanks for this info! I saw online that they'll approve CLI every 6 months at the earliest; do you happen to know if that's true?
Congrats on CLI !!!!