Any Luck With The "New" CapOne Luv Button?

[jamesdwi]

Got the dreaded 7-10 day message on my oldest account, 2k limit but my lowest APR, using as a BT card so it has a 1k balance on it. No lates ever or any other baddies on my report. Oldest card no AF is 50 months old, AAoA is just over 2 years.  I guess they want me to rethink my relationship with them. My second CapOne card has a 750 limit, and its AF is due this month, 3 years old,  I may be paying it off (ipass reload hit last week $40) and closing it, thought about the EO but really do I need the headache and hassles I have over 70k in total limits and cards that that have CL of almost 10k. Really don't need a mediocre rewards card with a company that won't grow with me without a tripple HP. 

[techiegirl]

2 days later, I received an email saying I was declined because of low balance on the account.  Oh well.  good news is that it says my credit score is 748.  

[Duke-of-Earl]

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@longtimelurker wrote:

How long between asking and the answer?  Pity they don't check eligibility first!

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Maybe they do.  I went to their website today to download my statement, noticed a new look but didn't pay much attention to anything besides what I went there for.  But I looked again just now, don't see any luv button for my account.  I'm like you, only use a small fraction (~4%) of my 9700 CL.

[davidjb]

I just got a $500 dollar instant increase.  Credit card was a credit steps card that was stuck at a $750 limit.  Thanks for the luv button info.

[missq]

I just applied by clicking the online LUV button and got approved for $500 for both my accounts bringining my credit line to $1,250 & $1,000.  I was stuck at $750 for 6 years and made numerous complaints.

Doing the Happy Dance

[GatorGuy]

I hit the button and got the wait for our response by mail within 30 days. I figured it would be a no. However they gave me a $5k boost from $25k to $30k on my Venture card. 3 days after hitting the button I logged on and saw the increased limit in my account. I was very surprised to say the least. I have had this card since 2008 and this is only my 2nd CLI.

[injustifiiable]

From their FAQ:

Why was my credit line increase amount lower than I expected?

Capital One is generally a conservative lender. Keep in mind that we can consider you for another increase in six months.

Really...you don't say...lo.

[lithium78]

I got the dreaded "10 days" message.  I probably won't get a CLI because I never use the card.  It doesn't give me any rewards and I have other cards with higher limits and much lower APR.  Oh, well.

[lajntx]

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@injustifiiable wrote:

From their FAQ:

. Keep in mind that we can consider you for another increase in six months.

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Can and actually doing it have been two differnt things, based upon the many reports of people on here stuck at $500 & $750 for years upon years - While their other cards reach 5K++++

Nothing more than a cop out excuse if you ask me.

They are great starter/rebuilder cards, but one should be made aware that these cards come with a shelf life

[tinuviel]

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@red259 wrote:

Has anyone with a higher limit cap 1 card tried the online CLI?

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As I posted on a different thread, I was successful at getting my Cap1 rebuilder card from $750 -> $1250, as have several other forum members.

However, I also have a Venture with a $6400. I hit the luv button on that as well, and got the 7-10 day message. I just received the denial in my documents, for the following reason:

"You recently requested a credit line increase for your Capital 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:

Recent use of this account's existing credit line has been too low"

Since I have cards with various rewards structures, my spending is split between them. I usually run a few hundred dollars a month through my Venture, so I suppose they believe that I have a large enough limit relative to my spending on that card. No big deal; I'm not unhappy with my current limit, I just wanted to see if I could grow it. Maybe down the road, who knows.