Cap One Recon?

[Anonymous]

I app'ed and was approved for a Cap One Platinum for 300 CL (I'm rebuilding so it's expected...maybe this is a credit step, it didn't specify). My question is which of the backdoor numbers in the sticky thread is appropriate to call to ask for a higher CL, if any (and maybe some experiences with doing so)?

As always, I appreciate your guidance!

[gingerflower]

@Anonymous 

Congratulations on your Capital one Cc! I would wait 6 months then ask for a Cli . 

[M_Smart007]

Cap1 is not known for recons ... as mentioned up thread "6 Months" would be fine to ask "SP"

[cashorcharge]

I would also add....I've had CapOne accounts for many years and they are my smallest limit cards..I got them when I was starting out 10+ years ago.  I keep them going as they add to my AAoA and while I've asked for SP CLI's and have only gotten very small amounts over the years...they always reply two things consistent..."Your charges as it relates to your existing credit limit are low and you haven't established enough successful payment history with us."  Now it's true, I use those cards rarely as I get more value from others...if you're rebuilding as you stated, make sure you use...but don't overuse (in other words exceed 30% or so of your CL) and pay it off very very regularly.  They are keen on activity and will help you in the years to come.

[gdale6]

Grats on the Cap-1 and yes you are in credit steps. You cannot recon the assigned SL, wait 6 months and ask.

[AllZero]

Congratulations on your approval!

[M_Smart007]

Congratulations on your Approval..

[OmarGB9]

Grats on the approval, but yes can't recon cause it's a starter card and enrolled in the steps program.

[Anonymous]

Thank you all for the encouragement and input. I want to be sure I'm understand correctly: is the key to maximizing future Cap One CLIs using almost the full CL then PIF every month, or only using 30% of CL then PIF, or letting x% report? I'm trying very hard to build solid relationships with issuers. Please shoot me the scenario that would make Cap One the happiest.

As always, I appreciate you all!

[OmarGB9]

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@Anonymous wrote:

Thank you all for the encouragement and input. I want to be sure I'm understand correctly: is the key to maximizing future Cap One CLIs using almost the full CL then PIF every month, or only using 30% of CL then PIF, or letting x% report? I'm trying very hard to build solid relationships with issuers. Please shoot me the scenario that would make Cap One the happiest.

As always, I appreciate you all!

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To be honest, being that it's a starter card, it's most likely bucketed and won't grow much, unfortunately. Your best bet if you still wanted a Cap One card would be to go for a second one in a year. That said, you can use it as much as you'd like, as long as you only let it report <8.9% of the limit by statement cut. Cap One likes lots of usage.