Capital One Venture CLI!!!

[vinster95]

Thanks, I appreciate it! Yeah, I was nervous it would give me a "no" and then just be stuck on "no's" for who knows how long haha. Since it doesn't seem to work like that, I’m almost tempted to just try it again before my statement even cuts, just to see if they'd give it. Maybe there's "room for what I could have been approved for" or something like that lol. Idk. What do you think?

[vinster95]

@nytokyobred79 

[vinster95]

@Zoostation1 

[nytokyobred79]

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@vinster95 wrote:

Thanks, I appreciate it! Yeah, I was nervous it would give me a "no" and then just be stuck on "no's" for who knows how long haha. Since it doesn't seem to work like that, I’m almost tempted to just try it again before my statement even cuts, just to see if they'd give it. Maybe there's "room for what I could have been approved for" or something like that lol. Idk. What do you think?

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I would try each month and see the reason code. If it says something to the effect that "there's recently been a change to the credit limit on this account," then you know it's simply timing. You may luck out and they give you cli's on a higher frequency that 6 months. Won't hurt to check since it's just their algorithm ( no penalty for pressing the button). 

[BigBS]

Congrats on the CLI!

[vinster95]

@nytokyobred79 When you say every month, is that every 30 days, or is it better like every time the statement cuts?

[nytokyobred79]

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@vinster95 wrote:

@nytokyobred79 When you say every month, is that every 30 days, or is it better like every time the statement cuts?

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I'd check every 30 days if you'd like. I don't think there's any correlation between statement cut date and when you hit the cli button. Like yourself, I was able to get my 1st cli with Cap1 in the first month( maybe 30 plus days after account opening). From that point on, I've checked every month and the cli pattern for me has been 91 days since the last cli request- ie. have been able to get a new increase. . Since you got that immediate cli, you may have some luck in 3 months time. The algorithm likes something in your profile at the moment. YMMV but never hurts to try and see. 

[Anonymous]

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@vinster95 wrote:

Hey everyone! Got some great news last night! I was approved for the Capital One Venture card last week with a $3000 limit. Last night I was just like "ya know, let me just see if I happen to get a CLI. You never know." My first thought was I want 15k. My second thought was "be a little realistic... want 10." My third thought was "they're not going from 3 to 10, so ask for 8 and see what they give, if anything." So I put in that I wanted a 5000 increase to raise my limit from 3k to 8k. They asked what I plan I spending per month and I said 4k. Instant approval! My new limit is now 8k!!!

I was going to exit out of it thinking if they'll approve this, maybe I can get more. But I didn't want to risk backing out, then the offer being gone, then next time I try it's lower. So hopefully I didn't "leave money on the table" by not knowing how it works exactly. But very exciting news! That's now my highest limit card! Excited to see it hopefully grow! Thanks everyone for all the advice on here!  

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Congrats on your increase. Seems like they are more flexible with Venture CLI. I was approved for $20K and increased to $35K in a month. Next time do ask for larger increase. I put max $35K and that's what they gave me. I was expecting a denial lol.

[masscredit]

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@vinster95 wrote:

They asked what I plan I spending per month and I said 4k. Instant approval! My new limit is now 8k!!!

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Currently researching Venture cards.  I've wondered what my answer should be for this question. Realistically, a lot of us don't need a CLI. We just want our cards to grow.  Do they (the computer) really take this answer into consideration? I have cards with simular limits. My spending varies and is spread between other cards. My thoughts have been along the lines of if I say I'll be spending $4K per month, they'll look back and see I spend $200 some months and $4000 once in awhile.  Or is it just shoot them a healthy number and be good with it?

[Rebuild2019]

Congratulations on your CLI @vinster95