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Any suggestions please for getting Cap1 to increase my current CL?

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Anonymous
Not applicable

Re: Any suggestions please for getting Cap1 to increase my current CL?

Curious as to what people think as to what matters more to cc companies?  If I spent 1k a month would they rather see 2 swipes for 500 or 50 swipes for 20$?

Message 11 of 22
Anonymous
Not applicable

Re: Any suggestions please for getting Cap1 to increase my current CL?

Looking at your sig line I'm wondering why you even give a fig about this crappy $1K card, 

Message 12 of 22
Anonymous
Not applicable

Re: Any suggestions please for getting Cap1 to increase my current CL?

Stevez333 it doesn't matter as long as you use the card heavily. However $1K a month is really good to the cc company wether it's one or multiple swipes. Good question.

I myself charge $3K-$4K a month on all my cards but that's is because I pay all my bills every expense on the card. I pay my water bill, car loan(it's my parents car but I use my credit card for rewards and for usage and my parents give me $$$$ of the payment amount so it is like a free cash advance) cable, cell phone, exc I even use my credit card to purchase items at my job and company pays me the amount used. Capital one quicksilver visa is still at its SL $3000 Smiley Sad HAD IT FOR almost 3 months
Message 13 of 22
Anonymous
Not applicable

Re: Any suggestions please for getting Cap1 to increase my current CL?

Very nice my Toyota is financed thru toyota itself and they only let you use debit cards for payment, grrrr.

Message 14 of 22

Re: Any suggestions please for getting Cap1 to increase my current CL?

Perhaps they have some internal policies regarding this specific product? Since at the higher redemption amounts it is effectively 2% back and no AF, perhaps they would prefer that this get moved to a Venture with an annual fee...

I don't know, but they may prefer to let this product die on the vine and hope you apply for a Venture with a usable limit, albeit higher APR and AF of $59.
Message 15 of 22
pizza1
Community Leader
Super Contributor

Re: Any suggestions please for getting Cap1 to increase my current CL?

CCC like to see reasonable usage, not up to the limit either contrary to what people think. They also like lots of swipes.

Try decreasing your usage and see what happens, LOL..If you're using it a lot, do the opposite! They might notice the decline in usage and finally bump you.
Message 16 of 22
Gmood1
Super Contributor

Re: Any suggestions please for getting Cap1 to increase my current CL?

I feel your pain OP. I tried to get my old Cap One Platinum's limit increased with no luck. I apped for a QS 3 months ago and tried several times after 60 days with no increase. I then apped for a Venture and low and behold after having the Venture for only a few weeks and passing the 90 day mark on the QS. They gave me a $400 CLI on the QS tonight. lol

Capital one does some odd things. But they sure give terrific SL's on some of their cards!

If you want a real nice limit, I'd app for the Venture and maybe throw the QS in there as well. Hopefully all on the same pull.

Message 17 of 22
galahad15
Valued Contributor

Re: Any suggestions please for getting Cap1 to increase my current CL?


@Anonymous wrote:

Looking at your sig line I'm wondering why you even give a fig about this crappy $1K card, 


The main reason that I want to keep this card -- and if possible, extend on the current CL -- is because it is really the only true travel-redemption card in my portfolio.  Also, I'm kinda not a fan so much of the higher APRs that most travel rewards cards (including those of Cap1's present card products) offer, whereas this card has a lower-than-typical APR for a rewards card, plus the 2% rewards along with no AF.  The go-to APRs alone of the Cap1 Venture and QS that can be obtain right now are an incentive of sorts for me to keep this older-generation/discontinued Cap1 card.


Message 18 of 22
galahad15
Valued Contributor

Re: Any suggestions please for getting Cap1 to increase my current CL?


@pizza1 wrote:
CCC like to see reasonable usage, not up to the limit either contrary to what people think. They also like lots of swipes.

Try decreasing your usage and see what happens, LOL..If you're using it a lot, do the opposite! They might notice the decline in usage and finally bump you.

That's actually what I'm currently trying to do, at the moment -- keeping balance at or near-zero, in the hopes they will come around  Smiley Happy 


Message 19 of 22
bk510
Valued Contributor

Re: Any suggestions please for getting Cap1 to increase my current CL?


@Broke_Triathlete wrote:

Sorry about your luck OP. I have read lots of people that have a hard time upping their older Cap 1 limits, but then apply for a new Venture and get a huge limit. I'm not saying you need to apply for a new card but that would be an option. With your scores being significantly higher than mine you should do well. However I've historically have had an average of less than 2% report, and rarely (1-2) times report 8%. Utilization isn't remembered, but I'm sure Cap 1 has taken note.

 

Interesting data point. My coworker has a lot better scores than me (similar to yours) but has 59% utlization. She got a $5K Venture and $3K Venture 1.


+1,

I got 10K on venture and 3K on QS Visa(regular) on 8/8. and 5K on Venture 1 on 9/10.

My 2 1/2 yr old QS1 is stuck at 2500. go figure......

 photo QS visa_zps7zokw2wl.jpg photo QS visa_zps7zokw2wl.jpg photo Venture One_zpsigvttrlz.jpg photo Sony Visa_zpsxoradr1b.jpg photo USC Reward_zpslcvjfxmq.jpg photo Penfed Promise_zpsdg1y2dw2.png photo NasaFcu_zpswac3zwcu.jpg photo America_zpsuwx8rzdm.jpg photo LA-Kings-card_zpslbkyeqsz.png photo Barclay_zpslqv3i4tl.jpg photo BBVA_zpsqrhh7omh.jpg
 photo nfcu debit card_zpsprkh98jw.png photo nfcu visa siggy_zps0gjgyxje.png/ photo nfcu goReward card_zpsixhh1qcp.jpg photo sdfcu platinum card_zpspilihdiv.png  photo penfed reward cash_zpsyckxjc7y.png photo alliant visa_zpsaf4udfx0.jpg photo Citi Secured_zpsypzxi0jm.png photo fnbo platinum_zpsxfub6esb.png photo marvel-credit-card_zpsfkvc3ux5.png photo golden 1 CU_zpslhgxynjv.pngBurned AECitiChase
Message 20 of 22
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