Cap One-Quicksilver 1

[crissyanj]

Why oh Why...everytime I request a credit limit increase from capital one the only thing they want to approve me for is $100?!  Since getting this card and I have other cards, my credit limits have been increased as well as my credit score.  However, Capital One doesn't seem to want to budge!

Any suggestions?!

[SouthJamaica]

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@crissyanj wrote:

Why oh Why...everytime I request a credit limit increase from capital one the only thing they want to approve me for is $100?!  Since getting this card and I have other cards, my credit limits have been increased as well as my credit score.  However, Capital One doesn't seem to want to budge!

Any suggestions?!

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My suggestion would be to decline the next $100 CLI they offer. Some people have had success declining small Capital One CLI's, then getting a larger one several months down the road.

[crissyanj]

That's what I did.  I will just wait and try again later.

[Anonymous]

Depending on your score you might want to apply for the capital one venture, I was getting one hundred dollar increases, then I applied for the venture and they gave me 15k, after 6 months they gave me an additional 3k. It's the same concept when you're working for an employer for a long time, you can either be satisfied with quarterly small raises, or change employers at a higher hourly rate, and now you can start fresh with those large sum raises I hope this helps, best of luck

[Anonymous]

What's your usage on the card?

I got a QS1 two years ago with a $300 limit, I think I ran about $1000 thru it every month and at the end of the credit steps, they bumped me up to $2300.  Continued the same usage and got bumped up to $6300.  My last CLI took me to $9800. 

I PC'd to a "normal", no annual fee QS when I hit $6300.

[bourgogne]

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@Anonymous wrote:

What's your usage on the card?

I got a QS1 two years ago with a $300 limit, I think I ran about $1000 thru it every month and at the end of the credit steps, they bumped me up to $2300.  Continued the same usage and got bumped up to $6300.  My last CLI took me to $9800. 

I PC'd to a "normal", no annual fee QS when I hit $6300.

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^ this.  same thing, 300>12300 just from use and pif.  going to test this is sept when I cli without any use, bet the offer will be very low

[Pway]

Capital One love useage and large payments.  When I was a part of the credit steps, I used my card for everything.  I  paid in full rinse and repeat.  As others have stated what is your useage and what type of payments are you making?

[Anonymous]

I, too, am testing the constant usage and PIF. Originally received a Cap1 Platinum MC, PC'd it to a QS no AF MC before the first statement.

My card limit is $500 and I usually get to a max of 60% utilization multiple times a week and then PIF. So far, in just over a month, I've ran over $3k through. The second statement generates in another week (or so) at which time my utilization will be around 3% and I'm going to request a CLI via the luv button. 

[bourgogne]

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@Anonymous wrote:

I, too, am testing the constant usage and PIF. Originally received a Cap1 Platinum MC, PC'd it to a QS no AF MC before the first statement.

My card limit is $500 and I usually get to a max of 60% utilization multiple times a week and then PIF. So far, in just over a month, I've ran over $3k through. The second statement generates in another week (or so) at which time my utilization will be around 3% and I'm going to request a CLI via the luv button. 

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my advice, not that you are asking for it is to not rush things because it makes you look desperate.  make sure you wait more than 6 months, add a week and never cli with a balance.  just my .02 from a guy that did a 300>12,300.  lenders like it clean.  good luck.

[crissyanj]

Thank you guys for all the advice!!  I'm holding tight and NOT taking a $100 increase!  Only in the past couple of weeks,  I've been using my card for everything and paying it off.  i will keep doing that until I get a better increase!