VentureOne $1K CLI

[Anonymous]

I just got a $1k CLI from CapOne. From $4750 to $5750.

I'm wondering if having a CL over $5K has a postive impact on my credit file? I have a couple other cards with $10K limits but have not seen any significant changes on my FICO8 score.

FWIW: I was turned down several times when I previously requested a CLI. Last CLI decline was Jan 10, 2016.

Sated reason was that there was a recent change in my account. 

I took that to mean that I had combined two CapOne cards in August 2015.

I also made one additional change when I requested a CLI. When they asked me how much I spend on CC's each month I entered $2500 (I had previously left that field blank on entered only $1,000). 

I'm not completely sure if the monthly spending amount I entered had any influence in CapOne's decision but that's the only item I changed when I got my CLI approved.

Cheers!

[alvon123]

congrats on the cli

[Anonymous]

 Congrats on the CLI!

Other than helping your credit utilization a little, that extra $1000 probably isn't going to help your score. However, if someone does a manual review of your report (if you apply for a mortgage, for instance), having larger limits would likely have a positive impact. It could be that $5000 is a threshold, but that probably depends on the bank and maybe even the individual loan officer. Certainly it's better (for a manual review) to have five cards (as you do) with a few $5000+ and $10,000+ limits than it would be to have 30 cards with mostly small limits.

[Loques]

Congrats!

[crrredit]

In their description of what constitutes an excellent score rating, Cap One mentions having a credit card with a limit of $5K or more, for a period of three years or more. So at least in that instance it's a step up.

[Anonymous]

Congrats!

[Anonymous]

Good job!! Enjoy it.

[alextercero]

Congrats

[Anonymous]

Nice, congrats on the CLI

[Anonymous]

thanks everyone!