@jsucool76 wrote:I SD'd my cap1 3.5k QS card for a few months (maybe longer) and they upped the limit recently to 6.5k
Still haven't used it though. haha. My highest limit though.
What was your usage pattern prior to SD?
@NRB525 wrote:
@jsucool76 wrote:I SD'd my cap1 3.5k QS card for a few months (maybe longer) and they upped the limit recently to 6.5k
Still haven't used it though. haha. My highest limit though.
What was your usage pattern prior to SD?
I put all my college expenses on it, and then eventually ran out of money and maxed it out at like $3100/3500 
Carried that for a bit, paying a couple hundred a month, then BT'd it to my ring card. It's gone now. lol.
Didn't use my cap1 for maybe...8 months, bam CLI to 6.5k
For those of you who are being denied your CLIs, what reason is Capital One giving you?
I got my Quicksilver Visa card in January 2014 with a $3K starting limit. Six months later, I hit the luv button and received an instant CLI increase of $2K, bringing my CL to $5K.
Since 6 months had passed since my CLI, I figured I would give it another try. I did that via the luv button again earlier this week and received a message stating that I would receive a document in the Online Document Center with the outcome of the review in approximately 2-3 business days. The document arrived 2 or so days later and my request was denied with the following explanation: Based on your credit lines with Capital One, your credit score isn't high enough for an increase. See the back of this letter for more detail. The detail below revealed my Equifax credit score which was 718 on 11/25/14. The funny thing is that I still had an old BK reporting on my Equifax report when my original CLI request was approved last July. My credit score should be higher now than it was then. But I do still have a couple of old charge off baddies that are scheduled to drop off my reports later this year.
I have always used this card moderately. I looked back through my payment history and I see that I spent approximately $2300 total in each 6 month period.
I'm not mad at Capital One for not approving this latest request. Fortunately, I don't really need the CLI, I was just seeking it because it may have been available. I may try again later this year when I have squeaky clean reports. I also got a free Equifax credit score out of this with a SP, so I'm not mad at all. 
Although I can see how a lower CL like $2K might be limiting for some folks.
@jsucool76 wrote:
@NRB525 wrote:
@jsucool76 wrote:I SD'd my cap1 3.5k QS card for a few months (maybe longer) and they upped the limit recently to 6.5k
Still haven't used it though. haha. My highest limit though.
What was your usage pattern prior to SD?
I put all my college expenses on it, and then eventually ran out of money and maxed it out at like $3100/3500
Carried that for a bit, paying a couple hundred a month, then BT'd it to my ring card. It's gone now. lol.
Didn't use my cap1 for maybe...8 months, bam CLI to 6.5k
Thank you.
Others: note the provided example: Maxed out the card, paid it down, ignored it, CapOne says "Where'd that good customer go?"
CLI
@NRB525 wrote:
@ecxpa wrote:Cap 1 is making money.........I dare to say the majority of Cap 1 cardholders pay an AF myself included. Also like so many Cap 1 holders it is one of my older cards and we are all hesitant to close because "It was one of my first". They don't care if you SD their card as long as you keep it and pay the AF. Close it and you close it........I doubt they even have a retention dept; they don't care. Use it and PIF is not going to impress them even if you charge large amounts and make multiple payments to stay below your limit, it may keep your credit sparkly but it's not making them any money so why should they extend you more credit and increase their exposure......they don't care about your credit, they want you to use their cards and make them money which is what CCC are supposed to do. However, Cap 1 makes more off of interest and fees than they do swipes.....and that is their focus. They found a credit niche and filled it.
The infamous EO is becoming less sensitive and responsive to peoples pleas for CLI's. Cap 1 is a good starter card no doubt and they have excellent marketing but it is not a fast growing card. Spending habits and credit with them is viewed drastically different than it is by other CCC. Cap 1 knows what it is doing.
ecxpa, have you applied for a new CapOne card? You have a large number of cards already. Perhaps your starter CapOne cards are at their evolutionary max?
My CapOne is $10k. I've had it since 2003. I can't remember it being anything other than $10k. I also know that I had been paying down a 2.99% "forever" BT offer that started at 97% utilization ($9,700 advance on a $10,000 CL plus a $75 BT Fee) in March 2005, paid it down gradually on basically minimum payments over the course of 9 years, then in January 2014 when the card balance was down to $400, needed to charge a new truck transmission for $4.6k on the card, pulled it out of the file folder, and it went through without a peep.
So when people bash CapOne, I'm like, "why?"
Not really bashing Cap 1.....just some facts and the way I see things from them. They are a CCC trying to make money and seem to be doing very well. However, the truth is it is a hard card to grow. Perhaps, it is because all of my Cap 1 cards are transitioned cards from HSBC and Orchard Bank from years ago. Maybe if I would close all these cards (5) and get a "real" Cap 1 card my experiences would be different; I've even thought about this. They are old cards and I guess I am just sentimental even though the AF are ridiculous. I really don't feel like a member of the Cap 1 family........more like a foster child
@ecxpa wrote:
@NRB525 wrote:
@ecxpa wrote:Cap 1 is making money.........I dare to say the majority of Cap 1 cardholders pay an AF myself included. Also like so many Cap 1 holders it is one of my older cards and we are all hesitant to close because "It was one of my first". They don't care if you SD their card as long as you keep it and pay the AF. Close it and you close it........I doubt they even have a retention dept; they don't care. Use it and PIF is not going to impress them even if you charge large amounts and make multiple payments to stay below your limit, it may keep your credit sparkly but it's not making them any money so why should they extend you more credit and increase their exposure......they don't care about your credit, they want you to use their cards and make them money which is what CCC are supposed to do. However, Cap 1 makes more off of interest and fees than they do swipes.....and that is their focus. They found a credit niche and filled it.
The infamous EO is becoming less sensitive and responsive to peoples pleas for CLI's. Cap 1 is a good starter card no doubt and they have excellent marketing but it is not a fast growing card. Spending habits and credit with them is viewed drastically different than it is by other CCC. Cap 1 knows what it is doing.
ecxpa, have you applied for a new CapOne card? You have a large number of cards already. Perhaps your starter CapOne cards are at their evolutionary max?
My CapOne is $10k. I've had it since 2003. I can't remember it being anything other than $10k. I also know that I had been paying down a 2.99% "forever" BT offer that started at 97% utilization ($9,700 advance on a $10,000 CL plus a $75 BT Fee) in March 2005, paid it down gradually on basically minimum payments over the course of 9 years, then in January 2014 when the card balance was down to $400, needed to charge a new truck transmission for $4.6k on the card, pulled it out of the file folder, and it went through without a peep.
So when people bash CapOne, I'm like, "why?"
Not really bashing Cap 1.....just some facts and the way I see things from them. They are a CCC trying to make money and seem to be doing very well. However, the truth is it is a hard card to grow. Perhaps, it is because all of my Cap 1 cards are transitioned cards from HSBC and Orchard Bank from years ago. Maybe if I would close all these cards (5) and get a "real" Cap 1 card my experiences would be different; I've even thought about this. They are old cards and I guess I am just sentimental even though the AF are ridiculous. I really don't feel like a member of the Cap 1 family........more like a foster child
If the cards aren't growing as you wish, and have ridiculous AFs, I would strongly consider putting sentiment behind and closing them (assuming you have tried and failed with the EO route). AAoA won't be impacted for a long time, and (more heresy) even it was impacted immediately, it's not worth paying for the higher credit score, unless you have a clear benefit analysis (like getting a mortgage and the drop in score would push to a higher rate). Paying out AF year after year for unwanted stuff really doesn't make sense in most cases.
@Man-Of-Steel wrote:For those of you who are being denied your CLIs, what reason is Capital One giving you?
I got my Quicksilver Visa card in January 2014 with a $3K starting limit. Six months later, I hit the luv button and received an instant CLI increase of $2K, bringing my CL to $5K.
Since 6 months had passed since my CLI, I figured I would give it another try. I did that via the luv button again earlier this week and received a message stating that I would receive a document in the Online Document Center with the outcome of the review in approximately 2-3 business days. The document arrived 2 or so days later and my request was denied with the following explanation: Based on your credit lines with Capital One, your credit score isn't high enough for an increase. See the back of this letter for more detail. The detail below revealed my Equifax credit score which was 718 on 11/25/14. The funny thing is that I still had an old BK reporting on my Equifax report when my original CLI request was approved last July. My credit score should be higher now than it was then. But I do still have a couple of old charge off baddies that are scheduled to drop off my reports later this year.
I have always used this card moderately. I looked back through my payment history and I see that I spent approximately $2300 total in each 6 month period.
I'm not mad at Capital One for not approving this latest request. Fortunately, I don't really need the CLI, I was just seeking it because it may have been available. I may try again later this year when I have squeaky clean reports. I also got a free Equifax credit score out of this with a SP, so I'm not mad at all.
This is the typical reason on most denials although your score could possibly justify it