It is a given CapOne's ways are a tad mysterious; given my personal experience with them, I think the $100 increase was generous with such a young card and a balance higher than the limit. FWIW, I went over limit on my Quicksilver card lasts summer; I PIFed the card a few days later, waited for a new statement to be cut, and them asked for a CLI and they it me with a $1,500 bump in my limit. Then then auto-CLIed me with another $1,500 early this year.
@TMDSCT wrote:IMO CrapitalOne is always pretty stingy with the CLI's so it seems typical to me.
Yeah, that explains why I have been given two separate $1,500 CLIs in less than 6-months.
@IcyCool7227 wrote:Hey all, I just got approved earlier today for my Kohl's Charge being upped to the maximum limit of $3k and my Capital One SavourOne card just an extra $100 CLI to $1,100! Total credit is now: $7,100. But I'm wondering if having a balance on the Savour card of $1,012.25 (and a payment I made of $42 just before I did the CLI) was a factor of only getting a $100 increase? Also it was only a little over 3 months since I first got the card with a $1k limit. If I had closed out the offer and wait 3 more months do you think I would have gotten a bigger increase? Or if the balance had been paid down more? I just want to know for next time what the best game plan is to get the highest possible limit on that card for my credit scores right now.
Yes I'm sure you're having such a high balance was a no no.
@IcyCool7227 wrote:Hey all, I just got approved earlier today for my Kohl's Charge being upped to the maximum limit of $3k and my Capital One SavourOne card just an extra $100 CLI to $1,100! Total credit is now: $7,100. But I'm wondering if having a balance on the Savour card of $1,012.25 (and a payment I made of $42 just before I did the CLI) was a factor of only getting a $100 increase? Also it was only a little over 3 months since I first got the card with a $1k limit. If I had closed out the offer and wait 3 more months do you think I would have gotten a bigger increase? Or if the balance had been paid down more? I just want to know for next time what the best game plan is to get the highest possible limit on that card for my credit scores right now.
Cap 1 CLI's are determined by spend + account status/bucket + what side of the bed Cap1 AI woke up on
Spend is usually, but not always required.
Spend ensured you were spend eligible, account status/bucket/amount of spend determined the amount.
Could you have declined and waited and checked every month to see if the amount you would have been offered was higher, probably. Could you also sit there for the next 6 months and have them continually offer you a $100 CLI? Also yes.
Spend is typically positive with Cap1. The amount positive or negative Cap1 sees being over the limit would be impossible to know, even if it's typically a negative. I imagine merely being over the limit probably isn't completely negative, but letting a statement close over the limit would most likely be rather negative both for your credit and with Cap 1.
If you want the highest possible limit on that card going forward, put every dollar of spend you can on it over the next six months and see what Cap1 gives you 6 months from now. Don't be surprised if it's $100 and you don't get the special $3000 CLI that better profiles get. Nobody can know for certain.
only truly way to get the best limits with Cap1 is to apply with a clean, thinner, SUB eligible profile which can see massive growth based on spend or be approved for a venture X
