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Cap One CLI 1yr Anniversary

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credit_endurance
Valued Contributor

Cap One CLI 1yr Anniversary

Just reached my 1 year anniversary on my cap 1 qc. Started off $500 sl then hit the luv button around Oct 2015 for another $500 then credit steps kicked in Dec 2015 for another $500 bring my total to $1500. Fast fwd to now my 6th statement just cut from my last CLI so my question would be, do I initiate  a CLI or do I hold out for an auto CLI?

 

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 1 of 12
11 REPLIES 11
coldnmn
Mega Contributor

Re: Cap One CLI 1yr Anniversary

At 1 year they gave me an auto CLI. I don't use it and it doesn't see any CLIs now. I would give it at least a couple more statements. Good Luck!
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 2 of 12
credit_endurance
Valued Contributor

Re: Cap One CLI 1yr Anniversary


@coldnmn wrote:
At 1 year they gave me an auto CLI. I don't use it and it doesn't see any CLIs now. I would give it at least a couple more statements. Good Luck!

How much did did you recieve at your 1 year anniversay?

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 3 of 12
coldnmn
Mega Contributor

Re: Cap One CLI 1yr Anniversary

$1,500 at the time I got the card $300 credit steps it went to $500 and at a year $2,000. Cap1 was considered Crap1 back then because of low limits.
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 4 of 12
Anonymous
Not applicable

Re: Cap One CLI 1yr Anniversary

It won't hurt to initiate an increase but they'll still give you an auto cli. I received 2,000 at my year mark
Message 5 of 12
6speed8
Regular Contributor

Re: Cap One CLI 1yr Anniversary

I posed the same question and I'm waiting to see if at the one year point - June 25th - they do an automatic increase. May 2015 I got the Platinum for $500 and June the Quick Silver for $750. In November they raised the Platinum to $2500 and December the Quick Silver up to $3000. I combined the Platinum into the Quick Silver in January to a total of $5500. So I was wondering if they'll do an automatic increase after June 25th. If they don't, I'll wait a month or two before I decide to inquire about it.

CH 7 Discharged 6/10/15
T/U - 643
EQ - 588
Ex - 647 as of 6/14/15
Message 6 of 12
RonM21
Valued Contributor

Re: Cap One CLI 1yr Anniversary

I'd wait at first to see if they give you the auto increase, then try it if they don't.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 7 of 12
credit_endurance
Valued Contributor

Re: Cap One CLI 1yr Anniversary


@6speed8 wrote:

I posed the same question and I'm waiting to see if at the one year point - June 25th - they do an automatic increase. May 2015 I got the Platinum for $500 and June the Quick Silver for $750. In November they raised the Platinum to $2500 and December the Quick Silver up to $3000. I combined the Platinum into the Quick Silver in January to a total of $5500. So I was wondering if they'll do an automatic increase after June 25th. If they don't, I'll wait a month or two before I decide to inquire about it.


I am kicking myself now for closing my secured cp one platinum last year because it was stuck on a $200 limit. They would have probably given me a CLI on it

and would be combing my platinum with my Quicksiver as well. But, looking through my emails from cap one looks like they cut the statement first then a day or 2 aftewards they will offer auto cli  so hang in there and see what happens.

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 8 of 12
credit_endurance
Valued Contributor

Re: Cap One CLI 1yr Anniversary


@RM21 wrote:
I'd wait at first to see if they give you the auto increase, then try it if they don't.

Wil do, and I will report back with any changes.

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 9 of 12
credit_endurance
Valued Contributor

Re: Cap One CLI 1yr Anniversary

Well, It's day 3 since 6th consecutive statement cut and still no auto Luv from cap one, should I intiate a CLI?

Starting FICO08 Scores 2016 All in the mid 500’s
Current FICO08 Scores SEP 2023 (TU 834) (EQ 831 (EXP 831)

“The credit is no longer bruised, it has endured the test of time” (formally know as bruisedcredit)

Message 10 of 12
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