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Capital One CLI

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New Member

Capital One CLI

Just thought I'd share a weird CLI story with the community.

 

On 11/3/15, I opened a Cap One platinum card as a method of rebuilding my credit. I was given a $1,000.00 limit. I paid off the credit card in full every month. Pretty much 90-95% utilization on this card every month.

 

On or about 2/15/16, I asked to change the card to a Cap One Quicksilver via online chat. Easy process, no big deal. I asked the rep if changing the card would come with a CLI becuase I use the card for business travel and it's tough to use with only a $1,000.00 limit (most of my flights cost that much!). Rep said after 5 months of good payment history I would get a credit limit of $1,500.00. Basically a $500.00 increase. Not what I wanted, but whatever. I didn't ask for a CLI at that time, so no new pulls on my CRs.

 

Fast forward to today, I get an email saying that my new credit limit is $5,000.00. Account already reflects the new increase. I didn't ask for a CLI.  No new pulls on my CRs.

 

Weird, but great for me! 

 

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Established Contributor

Re: Capital One CLI

sweet, congrats.

Current Scores EQ 689| EX 688| TU 679
Comenity 57.5k| Navy Fed 52.5k| Capital One 32.3k| Synchrony 23k| BBVA Compass 5.5k| First Commerce 4k| Barclays 1.9k|
GARDENING UNTIL APPING....
Message 2 of 11
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Valued Contributor

Re: Capital One CLI

Congrats
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 3 of 11
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Frequent Contributor

Re: Capital One CLI

That's awesome!

Message 4 of 11
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Valued Member

Re: Capital One CLI

Pretty similar scenario with me, opened Platinum with SL of $1k. After my sixth statement I had an auto CLI to $4k.  Sometime after that I PC'd to the QS. June will be 6 months from the auto CLI so I will request another then. 


Message 5 of 11
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New Member

Re: Capital One CLI

I see, maybe not as weird as I thought initially then. My understanding was that Cap1 was pretty stingy with the CLIs, so my CLI was surprising. 

 

Can anyone point me to a thread that discusses Cap1's CLI method? 

Message 6 of 11
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Valued Contributor

Re: Capital One CLI


@majick59 wrote:

I see, maybe not as weird as I thought initially then. My understanding was that Cap1 was pretty stingy with the CLIs, so my CLI was surprising. 

 

Can anyone point me to a thread that discusses Cap1's CLI method? 


Oh there are tons. LOL!  Seriously, just Google "Capital One CLI myfico"

 

If you are in credit steps it seems run of the mill lately to get a bump sometime after the 2nd statement and then after 5 payments you get your steps increase. And then every 6 months after that.

 

I started in February with $300 and was told after 5 payments my limit would be bumped to $500. Asked for a CLI last week and got bumped to $800. WIll get my steps later this year and likely go to $1300 based on others' experiences. If I can get my scores up more, maybe even more of a CLI.

 

Anyway...congrats!!

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 7 of 11
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New Member

Re: Capital One CLI

Ha, yes, I saw the multitude of threads on the topic. Basically, I was wondering if there was a definitive guide similar to the AMEX 3x CLI thread.

Message 8 of 11
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Valued Contributor

Re: Capital One CLI

I don't think it's an automatic 3x thing. Still fairly dependent on your individual file. But so many of us that started at $300 went to $800 and then to $1300. 

11/2017: EX 704 | TU 720 | EQ 672 -- Starting (2/2016): 630 | 620 | 580 -- INQs: 17 | 26 | 28 (last 6 months: 5 | 2 | 6)
AMEX Delta: $10k, Marvel: $8k, Discover IT: $7.2k, AMEX BCE: $6k, Target MC: $5k, PayPal 2%: $8k, CO QS: $2.6k, Merrick: $1.6k, Barclay's NFL Rewards: $1k, CO BuyPower: $500. And a mix of well-loved store cards.
Message 9 of 11
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Super Contributor

Re: Capital One CLI

Cobgrats



EX08 658 EQ08 664 TU08 672 Total Credit Line: 63,550Utilization: 19.4%Inquiries: EQ8 EX11 TU11
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