I came up on my 6th month mark after my credit steps increase to $500 on my Quicksilver. I put $1400 through my Quicksilver with a limit of $500 every month and made multiple payments to keep my utilization down. Did everything right. I hit the love button today and got offered a whopping $100! It feels like a slap in the face. To the sock drawer it goes for ever, or until I close this junk! What am I going to do with a $600 limit.
I've been there. It's so deflating. I'm sorry.
It's not you, it's them. CapOne has their CLI stinginess dial turned up to eleven right now.
It stings, but that feeling will fade. Hang in there.
Would a $600 limit card effect my future card limits negatively? Would it benefit me more to close it so I don't have a low limit card still in my profile once I get a couple more cards? Or should I just keep it and sock drawer it forever for the history?
I feel your frustration. September 2020, I have had a quick silver card with Capitol One over five years. It is not my go to card however, with a cc of 740 and no late and paying all cards on time I requested an modest increase from $8500. I noticed that when I requested online it did not come back with a quick approval. It said that I would receive a letter in the mail. I later received a notification via my online cc account with Capitol One. The letter post:
You recently requested a credit line increase for your Capitol One account. Unfortunately, your account isn’t eligible right now, we know this isn’t the answer you were hoping for and we want to help you understand why:
Incredible. I have been paying the minimum and additional $40 each month. This is a slap in the face. I called and complained, and they could not explain. I told Capitol One that I will be paying the card off and then I will shelve the card. Capitol One is full of it,