Cap One CLI Question

[Anonymous]

I'm planning of doing a CLI with my cap one card after finally paying off the card. I waited out for the whole month of May so that it could report a zero balance. I know I spoke to a csr when I inquired about how to do a cli and if it was a soft pull or hard pull and also asked why I haven't received an automatic increase after the first one. They did tell me that the increase was evaluated internally but I was wondering if they look at my other accounts. My utilization went up with my other two cards (slate and freedom) during my wait time but I just made two big payments on those cards but they will not report until the 10th and 17th. So my question is, will cap one see my slightly higher than average utilization from my other cards or will they just look at my cap one history (which is perfect besides carrying a balance for awhile but made two big payments every month with some usage in between until it was paid off)

[Anonymous]

Capital One CLIs are SPs.

In my (quite long) experience with them, they only really care about utilization if they need something to push them over the edge, so to speak.

That is, they evaluate your basic score, and ask you to update your income information.

If they still can't decide (not a definite "yes" or "no"), they start looking deeper.  At this point, it seems like they consider things like past payment histories, derogs, inquiries, those sorts of things.  Utilization doesn't seem to matter to them that much in general, even on their own card, unless they still can't decide, at which point presumably it becomes a factor.

I had a QS1 account a few years ago get increased from $1500 to $4000 while it had $1400ish on it (hadn't paid it down yet that month, just had the calendar remind me that it was past the 6-month mark where I could request a CLI from them on it).   Similarly, have a Venture that had its CL doubled while it had about a $2500 balance (about 33% utlilization) at that moment.  Capital One is primarily worried about how well you pay - do you pay more than minimum, do you pay on time religiously, do you use the card, do you have income to support the increase based on their itnernal math, etc - than most other factors.  Since high utilization could affect your FICO by a handful of points, I suppose it could play into their decision on some individuals, but it doesn't seem to be high on their list of priorities when considering a request.

[Anonymous]

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@Anonymous wrote:

Capital One CLIs are SPs.

In my (quite long) experience with them, they only really care about utilization if they need something to push them over the edge, so to speak.

That is, they evaluate your basic score, and ask you to update your income information.

If they still can't decide (not a definite "yes" or "no"), they start looking deeper.  At this point, it seems like they consider things like past payment histories, derogs, inquiries, those sorts of things.  Utilization doesn't seem to matter to them that much in general, even on their own card, unless they still can't decide, at which point presumably it becomes a factor.

I had a QS1 account a few years ago get increased from $1500 to $4000 while it had $1400ish on it (hadn't paid it down yet that month, just had the calendar remind me that it was past the 6-month mark where I could request a CLI from them on it).   Similarly, have a Venture that had its CL doubled while it had about a $2500 balance (about 33% utlilization) at that moment.  Capital One is primarily worried about how well you pay - do you pay more than minimum, do you pay on time religiously, do you use the card, do you have income to support the increase based on their itnernal math, etc - than most other factors.  Since high utilization could affect your FICO by a handful of points, I suppose it could play into their decision on some individuals, but it doesn't seem to be high on their list of priorities when considering a request.

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Thank you for your helpful response. I have had this card for about a year and a half and only received the one automatic increase from $300 -> $2300 but nothing else. I used the card heavily and always pay way above the minimum (no less than $150, $250, $300) twice a month (every pay check) and always on time. I stopped using the card in February so that I could focus on paying it off instead of spending on it. I'm now focusing on paying down my other cards although I had a few overspending setbacks. They are not maxed or close to maxed out but I do have over 30% util on both those cards. Im waiting for my cap one to report at zero one more time on June 2nd and then request for the increase.

[QCS123]

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@Anonymous wrote:

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@Anonymous wrote:

Capital One CLIs are SPs.

In my (quite long) experience with them, they only really care about utilization if they need something to push them over the edge, so to speak.

That is, they evaluate your basic score, and ask you to update your income information.

If they still can't decide (not a definite "yes" or "no"), they start looking deeper.  At this point, it seems like they consider things like past payment histories, derogs, inquiries, those sorts of things.  Utilization doesn't seem to matter to them that much in general, even on their own card, unless they still can't decide, at which point presumably it becomes a factor.

I had a QS1 account a few years ago get increased from $1500 to $4000 while it had $1400ish on it (hadn't paid it down yet that month, just had the calendar remind me that it was past the 6-month mark where I could request a CLI from them on it).   Similarly, have a Venture that had its CL doubled while it had about a $2500 balance (about 33% utlilization) at that moment.  Capital One is primarily worried about how well you pay - do you pay more than minimum, do you pay on time religiously, do you use the card, do you have income to support the increase based on their itnernal math, etc - than most other factors.  Since high utilization could affect your FICO by a handful of points, I suppose it could play into their decision on some individuals, but it doesn't seem to be high on their list of priorities when considering a request.

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Thank you for your helpful response. I have had this card for about a year and a half and only received the one automatic increase from $300 -> $2300 but nothing else. I used the card heavily and always pay way above the minimum (no less than $150, $250, $300) twice a month (every pay check) and always on time. I stopped using the card in February so that I could focus on paying it off instead of spending on it. I'm now focusing on paying down my other cards although I had a few overspending setbacks. They are not maxed or close to maxed out but I do have over 30% util on both those cards. Im waiting for my cap one to report at zero one more time on June 2nd and then request for the increase.

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We are basically in the same boat as you with Captitol One....did you ever get a CLI? We finally did for a whopping $300, which we declined.

[EAJuggalo]

Cap One generally only give one automatic CLI, the "credit steps" one after six months.  After that you can request a SP CLI every six months.  Cap One also has a history of "bucketing."  Which means they remember what your CR and score looked like when you were approved and won't go based solely on what it looks like now.  The best way people have found around this is to open another card with them when your file imroves significantly, then combine the new card into the old card after six months.

[Anonymous]

Yeah I think that’s what I have to do cause my cap1 12 year card has not moved much was 4K now 6k I’m not sure how much I started with but I combo another cap1 card and closed now have a QS so we will see how it grows wit me like the car said lol... and close my old one 🙁 maybe I’m having closure issues