Cap 1 - Future CLIs after combining accounts?

[masscredit]

I'll be combining my Cap 1 accounts next week and am wondering if that will be the end of CLIs with them?  My new CL will be at least $18K. Maybe higher if my Venture card gets an increase this weekend. Even though it's not needed, it's nice to have credit limits grow over time. It will be very rare that I'll use a quarter of that in a month so there won't be a reason to receive an increase. I know others here have much higher limits with them after combining cards. Do you think you'll see any more increases?

[CH-7-Mission-Accomplished]

I don't think you will see much in the way of increases unless you are able to to put through like 10k a month.  Your best bet will be to wait six months and open another Venture and Venture One.  You will likely get 10K on each for a 20K increase.

I have combined my three Cap 1 cards from the last year into one Venture at 29.25K.  I am currently approved for a Venture and QS @ 12.9% (my current card is at 20.9%), but I'm waiting until March when I expect to hit 700 scores before opening another account to later merge the 29.25K into (to get that lower rate).

Cap1 will deny you over and over for a CLI on an existing account but will gladly give you two more accounts totaling 20K or 30K.  They also refuse to lower interest rates on existing accounts, but like in my case, they are willing to give you new accounts at 12.9% when the existing 29K is at 20.9%.

Go figure.

[masscredit]

That's my Plan B if I want to see the account grow more. Maybe take one or two inquirty hits per year to get new cards then combine them later. 

[Anonymous]

I think it's too early to tell what will happen. I've been tempted to app for a second QS or Venture, since I cleared the plate from having 5 accounts to 3, due to combining. I don't think I should do that.

[CH-7-Mission-Accomplished]

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@masscredit wrote:

That's my Plan B if I want to see the account grow more. Maybe take one or two inquirty hits per year to get new cards then combine them later. 

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I have thought a lot about it and I've decided that I don't really care about having my Cap 1 over about 30 or 35k.  I guess if I open one more account and they give me the 12.9% and a 10K card, I would take it and then maybe call and ask them to cut the limit to 35K.

My income is about 100K, and I have decided that that's where I want to cap my limits.  I plan to request credit line decreases on some cards going forward so that I can get bigger limits on other cards I want.  So while it might be fun to have a 35K Lowes card, I barely spend $100 there a year.  

My plan is to limit my store card limits to $5000 since I would likely never put more than $500 on any one of them in a month.  Then with my remaining bank cards, divide the limits up so they are all in the 20K range or so.

My plans keep changing as I got along, but I already feel like having 29K of limit tied up in the Venture card is absurd beyond making me feel good about being able to get it.

[masscredit]

My goals change as my limits increase. A $5K limit was my goal a few limits ago. That changed to $10K after I got that. Next one is $20K.  Ideally I'd like to have at least one card with a $25K limit. I might not ever use it but I'm also looking ahead to possibly opening a business so one card with a good limit would be very helpful. 

[SouthJamaica]

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@masscredit wrote:

I'll be combining my Cap 1 accounts next week and am wondering if that will be the end of CLIs with them?  My new CL will be at least $18K. Maybe higher if my Venture card gets an increase this weekend. Even though it's not needed, it's nice to have credit limits grow over time. It will be very rare that I'll use a quarter of that in a month so there won't be a reason to receive an increase. I know others here have much higher limits with them after combining cards. Do you think you'll see any more increases?

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They treat the account combo like a CLI on the surviving account, so it will defer your eligibility for an actual CLI, probably 6 months out. So my advice is do the combo AFTER you get the CLI's you'd like to get.

[pizza1]

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@masscredit wrote:

I'll be combining my Cap 1 accounts next week and am wondering if that will be the end of CLIs with them?  My new CL will be at least $18K. Maybe higher if my Venture card gets an increase this weekend. Even though it's not needed, it's nice to have credit limits grow over time. It will be very rare that I'll use a quarter of that in a month so there won't be a reason to receive an increase. I know others here have much higher limits with them after combining cards. Do you think you'll see any more increases?

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my one Venture is at $47k...more than Ill ever need in my lifetime, so I doubt 1) Ill ever ask for a CLI 2) that they would ever give me one. 

[masscredit]

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@SouthJamaica wrote:

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@masscredit wrote:

I'll be combining my Cap 1 accounts next week and am wondering if that will be the end of CLIs with them?  My new CL will be at least $18K. Maybe higher if my Venture card gets an increase this weekend. Even though it's not needed, it's nice to have credit limits grow over time. It will be very rare that I'll use a quarter of that in a month so there won't be a reason to receive an increase. I know others here have much higher limits with them after combining cards. Do you think you'll see any more increases?

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They treat the account combo like a CLI on the surviving account, so it will defer your eligibility for an actual CLI, probably 6 months out. So my advice is do the combo AFTER you get the CLI's you'd like to get.

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My QS card received a CLI a few weeks ago. This weekend will make 6 months since my Venture card received an increase so I'll see what the Luv Button does for me then combine them. I paid off one of the cards last night so they will be ready to combine. I hope the process is working is working smoothly now.

[masscredit]

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@pizza1 wrote:

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@masscredit wrote:

I'll be combining my Cap 1 accounts next week and am wondering if that will be the end of CLIs with them?  My new CL will be at least $18K. Maybe higher if my Venture card gets an increase this weekend. Even though it's not needed, it's nice to have credit limits grow over time. It will be very rare that I'll use a quarter of that in a month so there won't be a reason to receive an increase. I know others here have much higher limits with them after combining cards. Do you think you'll see any more increases?

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my one Venture is at $47k...more than Ill ever need in my lifetime, so I doubt 1) Ill ever ask for a CLI 2) that they would ever give me one. 

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You and someone else here have very healthy Cap 1 limit. Don't remember the other limit (to many threads to search) but his is high.  The limit might not be needed but utilization doesn't flinch when a few thousand dollar balance posts on it.