Cap One CLI Request

[FiveOhFour]

Hi there, I am wondering if a Capitol One Credit Limit increase request is considered when applying for a new Cap 1 card later, for instance, it says potential reasons for denial are having applied for credit recently with capital one, and i'm wondering if asking for a CLI is considered "applying for credit", i assume they don't even re-run your credit for a CLI but i guess maybe they do. 

[Pway]

No, CLI requests are not considered when applying for new credit.  The CLI requests are soft pulls .and applying for new credit with them is a HP.  Applying for more than 2 products in the same month results in a denial.

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@FiveOhFour wrote:

Hi there, I am wondering if a Capitol One Credit Limit increase request is considered when applying for a new Cap 1 card later, for instance, it says potential reasons for denial are having applied for credit recently with capital one, and i'm wondering if asking for a CLI is considered "applying for credit", i assume they don't even re-run your credit for a CLI but i guess maybe they do. 

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[FiveOhFour]

Thank you, I got the Card in May of last year as my first proper credit car after building my credit with some secured cards and was approved for a $3,000 limit, my only other two secured cards up to that point were about $500 each. I applied for a CLI a few months later but it was declined for a reason i don't really recall, i think maybe low utilization. It was automatically raised to $4,000 shortly after that. Since then for the 6-8 months or so i've had a ballance of at least about $900 every month, i always pay each statement in full and never carry a balance but i charge at least $900 and up to a max of about $2,000 total, but i don't want my utilization to be that high so for the first month in a while i've only charged $300 on it and wont put more unless i can get a credit limit increase. 

So my question is, is there any reason not to ask for a CLI on it?   I mean in a perfect world they'd give me a $12,000 - $20,000 limit so that i can charge 1200-$2000 on it montly without utilizing over 10%, but i'm sure they wont do that, so last question is if i do ask for a CLI and they only raise it marginally or decline it altogether, should i write to someone in a position to do something and present my case asking for a higher limit so i can keep my utilization lower or is that a futile endeavor. Thanks and sorry for the block of text. 

[RonM21]

As long as it's.a soft pull, I.say go for it. You have nothing to lose. Worst case, they.deny you. No harm no foul.

[Anonymous]

No reason not to try. Go for it.  

[FiveOhFour]

I could've sworn i updated this thread, they increased my limit from $3,000 to $7,000, i had been using at least about $1200 every month for a while though, i'd like to request another but i've only been charging a few hundred a month for the last few months so i doubt they'd raise it again. Shame they don't raise it automatically. 

I really need to get more cards too now

[Anonymous]

Congrats on the increase. Keep using it and when 6 months has passed and you should be able to get it where you want it.

Yes, if that and the 2 secured cards are all you have it is definitely time to get some new cards! Especially if those scores in your siggy are still accurate.

[FiveOhFour]

Thank you, its actually been over 6 months since they increased it from 3 to $7,000 but my usage has decreased since then fairly significantly so i assumed asking for a CLI was not wise at this point

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@Anonymous wrote:

Congrats on the increase. Keep using it and when 6 months has passed and you should be able to get it where you want it.

Yes, if that and the 2 secured cards are all you have it is definitely time to get some new cards! Especially if those scores in your siggy are still accurate.

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[Anonymous]

You can hit that Cap1 button everyday if you want! It's not going to be a HP ever. It doesn't reset any clock either. So push away until you get the increase you like!

[FiveOhFour]

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@Anonymous wrote:
You can hit that Cap1 button everyday if you want! It's not going to be a HP ever. It doesn't reset any clock either. So push away until you get the increase you like!

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hmmm thanks, i figured it at the very least prevented you from tryiing again for at least a month or something. I've had it for 11 months now and haven't applied for anything else since, even though many advised me to go for a spree when i applied for that card, I need to apply for at least one more now to keep building my credit report, i need to do some research into what cards are best and how to/what cards give the highest Balance usually or have the highest minimum balance, for instance i would've applied for the Venture card as my first unsecured instead of the quicksilver if i had known the minimum credit was 5,000 as opposed to $3,000, anyway, thanks again Donny, i appreciate your time.