Capital One Unexpected Limit Increase

[Shooting-For-800]

Mine are:

$6.5k on $10k Savor

$10k on $10k QS

$9k on $30k Venture

How odd!

Never paid attention before.

[Zoostation1]

@IusedtolurkI had a similar situation where Capital One also increased my CALs on two of my three cards with them this month, though none of them had a CLI.

• 2yr old  QS went from $1k CALto $2.3k CAL on a $2.3k CL.
• roughly 1.5yr old SavorOne went from $1.5k CAL to a $3k on a $4.5k CL.
• 7mo old VX no change to $3k CAL on a $10k CL.

[Iusedtolurk]

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@pizzadude wrote:

Congrats !  Just to clarify Cap1 didn't increase your CLs, just your cash advance limits ? 

Also will move this to CC Approvals forum. 

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@pizzadude  Correct! No CLI just the increase for CAL was shown. Seemed odd to mebut with Cap1 anything goes.

For the heck of it just to see if it wasn't an error because I hadn't heard of this happening before I tried today to atm a CA and the ATM gave me a receipt saying Generic Error and no cash. Itried againwith the old small limit and it gave me that CA.

I will call Cap1 later to find out if it's a real CAL increase or some type of Error. 

I remenber when they Unsecured my one card after 4 1/2 years and it still took 5 more months for my account to stop showing it was Secured.

[Iusedtolurk]

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@Zoostation1 wrote:

@IusedtolurkI had a similar situation where Capital One also increased my CALs on two of my three cards with them this month, though none of them had a CLI.

• 2yr old  QS went from $1k CALto $2.3k CAL on a $2.3k CL.
• roughly 1.5yr old SavorOne went from $1.5k CAL to a $3k on a $4.5k CL.
• 7mo old VX no change to $3k CAL on a $10k CL.

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@Zoostation1  You are the first so far who has posted about the same CAL happening this month. As stated in earlier post of mines when I tried to utilize the new limit on both cards with the CAL increase both cards declined the transaction.

[NoMoreE46]

My QS is at 100% but my Savor is at  less than 10%.

fyi, This post below discussed cash advance limits:

https://ficoforums.myfico.com/t5/Credit-Cards/Can-we-get-DPs-for-Cash-Advance-CA/m-p/6663143#M184507...

[BigBS]

Congrats on the CLI!

[vinblastine]

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@Iusedtolurk wrote:

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@Zoostation1 wrote:

@IusedtolurkI had a similar situation where Capital One also increased my CALs on two of my three cards with them this month, though none of them had a CLI.

• 2yr old  QS went from $1k CALto $2.3k CAL on a $2.3k CL.
• roughly 1.5yr old SavorOne went from $1.5k CAL to a $3k on a $4.5k CL.
• 7mo old VX no change to $3k CAL on a $10k CL.

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@Zoostation1  You are the first so far who has posted about the same CAL happening this month. As stated in earlier post of mines when I tried to utilize the new limit on both cards with the CAL increase both cards declined the transaction.

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I just noticed that 3 of my capital One cards have 100% cash advance limits. Before they were 50%.  2 limits at $3K and 1 at $4K. I did $26K in cash advances in 2023 at the casinos. Everi casino cash.

[NoMoreDebt]

Congrats on the cli

[Anonymalous]

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@Iusedtolurk wrote:

I was checking my Cap1 statements for this month and noticed my Cash Advance Limits  show they increased from 20 percent of cl to 100 percent on one card and from 10 percent to 60 percent of credit line on another.                                                     I was wondering if anyone else experienced a change like this. One card just hit 7 years and the other 4 years. 

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Interesting. I just checked my Quicksilver, and the cash advance limit is $3000. That's 90.9% of my CL.

I started with a CAL of $150, or 50% of my SL of $300. When my card was bumped from $300 to $3,300, I'm pretty sure the CAL remained $150. But at some point in the last 15 months, it's been increased. The card is a few months shy of 3 years old.

My guess is Cap1 makes money on cash advances, so they're stealthily trying to facilitate them.

[Anonymalous]

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@youngandcreditwrthy wrote:

my c1 cash advance limit is 75% of the total limit which is odd bc of how high it is.

sometiems when you get CLIs, the system doesnt automtically increase the cash advance limit like it should, so like on my sync accounts for exmaple, I used to cll and tell them your system messed up and made them change it haha. They usually did. Congrats :-) 

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I checked all my other cards as well. FNBO and Navy Fed increased my CALs when my CL increased, but Citi didn't.

Though if I were to call to have my CAL adjusted, I wouldn't ask them to increase it. I'd have to it set to $0.