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Capital One CLI question

redneck18
Contributor

Capital One CLI question

I hit the LUV button the other day, been doing so about once a week since second statement cut, finally approved for a CLI, but only for $100 or 10% of current limit. I declined that offer. My question is, has anyone ran into this, declined the offer, then requested again and gotten a better offer? Or is this all they are willing to give at the moment??
Message 1 of 7
6 REPLIES 6
BrutalBodyShots
Super Contributor

Re: Capital One CLI question

That's all they're willing to give at this time.  If you decine it and request again, the number will likely be the same until something changes with your profile to warrant a greater CLI.  10% isn't the end of the world.  Your SL was pretty low, so you'd expect the first CLI or two to be relatively low as well.  I wouldn't expect your first CLI to exceed 25% ($250 on your account) so really you're only holding off for another $150.  If it's worth that to you, hold off.  If not, accept what they are offering you now so that you can start growing the card, and hopefully the next CLI in 6 months will be $500, then the one after that $1k+ etc.

Message 2 of 7
Tigers09
Valued Contributor

Re: Capital One CLI question

you could get a better offer by waiting some, or just the same thing. I got my increase from them at 61 days and went from $300 to $1800.
I have read posts of others waiting a week or so after being offered a small increase and getting a better offer later
State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
Message 3 of 7
TygerHawke
Established Contributor

Re: Capital One CLI question

The best thing to do to get Cap One to open the purse strings is spend like crazy - need a $3000 limit?  spend $3000 in a billing cycle by paying the card off 6 times if you have to

 

With these guys the more you spend (and pay off before it hits your credit report) the more you get

 

I've documented my own experiences with them in my rebuild thread

 

Good Luck!

Message 4 of 7
redneck18
Contributor

Re: Capital One CLI question

Thanks guys. Exactly the insight I was searching for.
Message 5 of 7
stakknchpz
Contributor

Re: Capital One CLI question

Tyger, did you do the same for the NFCU card to get that huge increse too? I've had my NFCU card for 2 months with a 1K limit, been spending about 1500/mth on it, and making 3 pmts/mth. 1st month on my Cap 1, already made 1 good size payment on it before my 1st statement. Hoping to get some big increases myself.

Filed CH7 BK 7/15. discharged 10/15
Rebuild started 1/16 with scores of (EQ 517)(TU 547) (EXP 534)
Current scores (EQ 624) (TU 607) (EXP 774)
Overstock 500/700 I Open Sky 200/closed I Pay Pal MC 500 I Fingerhut 700/1400 I Primor 250/closed I One Nevada CU 500/closed I Target 500 I HC Credit 6000 I NFCU 1000 I Capital One Quicksilver 1000
Authorized User on I Cap One 700 I Barclay Visa 500 I Discover 17,200
Message 6 of 7
TygerHawke
Established Contributor

Re: Capital One CLI question


@stakknchpz wrote:

Tyger, did you do the same for the NFCU card to get that huge increse too? I've had my NFCU card for 2 months with a 1K limit, been spending about 1500/mth on it, and making 3 pmts/mth. 1st month on my Cap 1, already made 1 good size payment on it before my 1st statement. Hoping to get some big increases myself.


Believe it or not, No - Navy will increase you if your profile supports it, your activity on the card notwithstanding.  I had sock-drawered my Navy card after they turned me down at the November AR, and only decided to try again on the January AR on a lark (I did it in the middle of the night, fully prepared to call in and have them stop the pull)

 

the take-away for Navy is just to make sure it's been at least 3 full statement cycles AND an AR after the third statement before you apply.

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