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Cap1 only gave me $100 CI, Feel salty

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Regular Contributor

Re: Cap1 only gave me $100 CI, Feel salty

@BrutalBodyShots I must be reading the post wrong or my math is off, totally possible since I haven't had coffee yet. I thought OP started with two cards @ $300 each, got auto CLI of $200 on both which brought them to $500. Requested CLI on both but denied for one and only received $100 on the other. 

AAOA: 3 yrs 6 mo | UTIL: 5% | FICO 8: TBD 05/2021
Discover it $1.5 | Wayfair MC $4.5k | Cap One QS $1.2
Message 11 of 27
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Established Contributor

Re: Cap1 only gave me $100 CI, Feel salty

@Katiemay25 

You said that everyone else has given you decent increases, congrats on those cards that have produced nice CLI's!! It looks like the Cap One cards have done their work and helped you establish some great history. The starter cards got you started and that's a great thing! I agree with the others here, time to shut em down and focus on other options.  Smiley Wink

Message 12 of 27
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Community Leader
Senior Contributor

Re: Cap1 only gave me $100 CI, Feel salty

Congrats on your CLI!! Since both accounts opened with $300 SL, they are bucketed. They will always be slow growers, with small increases.

Message 13 of 27
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Super Contributor

Re: Cap1 only gave me $100 CI, Feel salty

Satan you are probably correct.  I must have misread thinking it was an SL not a CLI.

Message 14 of 27
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Established Member

Re: Cap1 only gave me $100 CI, Feel salty


@blindambition wrote:

Congrats on your CLI!! Since both accounts opened with $300 SL, they are bucketed. They will always be slow growers, with small increases.


I get that the $300 SL cards will never grow much. I recently received a Cap One Platinum with a $1000 SL. Is that a growable card or is the entire Platinum line never going to do much?

Message 15 of 27
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Community Leader
Senior Contributor

Re: Cap1 only gave me $100 CI, Feel salty


@yzerman wrote:

@blindambition wrote:

Congrats on your CLI!! Since both accounts opened with $300 SL, they are bucketed. They will always be slow growers, with small increases.


I get that the $300 SL cards will never grow much. I recently received a Cap One Platinum with a $1000 SL. Is that a growable card or is the entire Platinum line never going to do much?


Cards with SL of $1k or $3k have potential of higher growth. I caution not to rely on Cap One being one of your highest limits. Probably not in the cards.

Cards with SL of $300 or $500 can take YEARS to grow, eventually becoming stagnate. Getting CLI of only $100-$300.

Message 16 of 27
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Regular Contributor

Re: Cap1 only gave me $100 CI, Feel salty

You're not the only one.  They screwed me on a CLI a few months ago.  Just learned to expect stingy CLIs from Cap One so you're never disappointed.

TFCU Plat Visa $12,500 | PenFed Platinum Rewards $10,000 | Synchrony Premier MC $8,000 | NFCU MoreRewards $1,000 | Purdue FCU $5,000 | Capital One BuyPower $750 | Capital One QuickSilverOne $600 | Capital One QuickSilver $1,000 | Merrick Bank $2,700 | Credit One $1,200 | Amazon Prime Card $5,000 | Walmart Store Card $1,400 | B&H Payboo Card $7,500 | Shell Gas Card $1,200 | Overstock Store Card $3,850 | Kohl's Store Card $1,500 | Comenity MasterCard $1,180 | Target RedCard $2,000
Message 17 of 27
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Established Contributor

Re: Cap1 only gave me $100 CI, Feel salty


@AllZero wrote:

Congratulations on your CLI!

 

Credit Card Asset-Backed Securities (ABS) and why some subprime card never grow or graduate


+1 to taking the time to read this. It is an informative read and pertinent to the Cap1 bucketed card situation. 


FICO 8 11/20: EX 747 EQ 746 TU 732
"Friends don't let friends earn 1% cash back."
Message 18 of 27
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Member

Re: Cap1 only gave me $100 CI, Feel salty

I had a Cap Platinum which upgraded to a Quicksilver after 10 years. My limit now is $2k. But it took me a hell of a  long time for them to increase. Took about 7-8 years until I got an increase with no late payments.

Message 19 of 27
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Valued Contributor

Re: Cap1 only gave me $100 CI, Feel salty

If these are  credit cards used for rebuilding your credit I would not even try for a credit limit increase.  I would apply the Quiksilver that is not for rebuilding credit or some other card you might like. Those rebuilder cards look like they have served their purpose .

FICO 8 EX 794 TU 794 EF 805
Discover IT Opened 9/1990 CL 19,000, JC Penney Opened 10/2008 CL 4700, US Bank Cash Plus Opened 8/2010 CL 12000, Citibank Double Cash Opened 5/2015 CL 11,100, Chase Freedom Flex Opened 09/2020 CL 10,500
Message 20 of 27
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