Capital One CLI question

[Vegas4Play]

Congrats on your approval!!!

[Anonymous]

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@Anonymous wrote:

Yep. This is pretty much what I did.

Was looking for a CLI on a $2k QS card. Wasn't given any increases for a while, then finally given a $150 increase

Declined it, and re-applied 3 days later. Offered a $2k increase to a total of $4k.

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Good info.

[MauiMan85297]

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@Anonymous wrote:

gsully00, are those cards on you sig. your current cards? sorry if it seems like a dumb question just trying to figure out how you go in with citi with a bankruptcy d/c before 2 yrs.

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The Citi as you can see when you scroll over the card is an AU, it's the spouses.  I figured by adding me and keeping good relations I might have a chance in getting my own.

[Anonymous]

You are stuck for 6 months at this point - but for down the line and others reading, I'd like to add that it very much does matter what the current balance is at the time you ask for a CLI with Cap One.  

I read somewhere (can't remember exactly where) that the ideal formula is a $0 balance reporting on all cards except the cap one card you're trying to raise, and $10 on that card.  So I tried it, and ended up with a 125% increase of my $3000 SL to $7000 after 2 months with the card.

YMMV, and Good Luck!

[Anonymous]

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@2BrownDogs wrote:

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My wife was repeatedly offered $150 on her card.  She would decline the offer, wait a couple days, then try again.  Within a week they came back with a $1000 increase that she accepted.

Same thing on my card too.  However the offer I accepted after about 2 weeks of waiting was for $3K.   Both of these cards are nearing the end of the third billing cycle.  

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I had the exact same thing happen with mine only I had to decline the $150 offer for almost 2 weeks before I was offered the $1K CLI.

[Anonymous]

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@Anonymous wrote:

You are stuck for 6 months at this point - but for down the line and others reading, I'd like to add that it very much does matter what the current balance is at the time you ask for a CLI with Cap One.  

I read somewhere (can't remember exactly where) that the ideal formula is a $0 balance reporting on all cards except the cap one card you're trying to raise, and $10 on that card.  So I tried it, and ended up with a 125% increase of my $3000 SL to $7000 after 2 months with the card.

YMMV, and Good Luck!

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I had a $3600 used out of $4500 limit and received $2000 increase. I think  the size of your payments matter more than a balance.

[Anonymous]

I got a 1k increase on my QS and QS1 at 5 months with the luv button. At the 6 month mark I hit the luv button and was denied due to the previous increase, 2 weeks later they increased both of those cards by $500 without me asking. I was at 60% UTI on both cards at the time of the $500 increases. I'm not sure if they were worried they may lose money if I maxed them out or what. So my point is, it is not set in stone. Good luck with future CLI's!

[Anonymous]

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@Anonymous wrote:

I got a 1k increase on my QS and QS1 at 5 months with the luv button. At the 6 month mark I hit the luv button and was denied due to the previous increase, 2 weeks later they increased both of those cards by $500 without me asking. I was at 60% UTI on both cards at the time of the $500 increases. I'm not sure if they were worried they may lose money if I maxed them out or what. So my point is, it is not set in stone. Good luck with future CLI's!

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Yes, your 6 month increase was for Credit Steps, which is the only auto CLI Cap one does, and is also the only exception to the 6 month between increases rule