Capital One CLI questions

[HeavenOhio]

@Anonymous, based on data here, it's rare to see increases over $3,000. For my last increase, I requested $3,100 and was countered with $3,000. That result didn't surprise me at all.

But 3k is pretty common if the card has enough spending. Small charges aren't likely to convince them to raise your limit. I've gotten a bunch of 1k and 3k increases. I figure I spent about 1k per month over three-plus months for the 1k increases and about 3k per month for the 3k increases.

Based on your previous $1,500 CLI, I don't think you're stuck in a low bucket and that you can probably grow this card quite a bit. Was $750 your starting limit?

Keep in mind that if you accept a CLI offer, you won't be eligible to request again for six months. You always have the option to decline an offer without resetting any clock. If you think you can get an improved offer in a couple of months, it'd make sense to decline a small CLI.

[Anonymous]

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@MakingProgress wrote:Cap one is unlikely to go from 750 to 10K.   It is unlikely they will go from 2250 to 10K.   Cap one is generally not that generous with CLI and all the more so when you have a low SL. 

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Agreed. The point of my post was not to suggest a way to get from a 750 CL to 10K, but rather to add DPs, re: filling out the request form. 

As to my CLI, I saw no harm in asking for a limit I likely would not receive. A process I will repeat in Feb 2019 when my 6 months is up.

I expect the only way for me to get a workable Cap1 CL is to app a new card and then combine existing ones into it. Or inch up, little by little, over many years. I've not yet decided on the former so, for now, I choose the latter.

[Anonymous]

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@HeavenOhio wrote:

@Anonymous, based on data here, it's rare to see increases over $3,000. For my last increase, I requested $3,100 and was countered with $3,000. That result didn't surprise me at all.  This is useful data -- thank you. 

But 3k is pretty common if the card has enough spending. Small charges aren't likely to convince them to raise your limit. I've gotten a bunch of 1k and 3k increases. I figure I spent about 1k per month over three-plus months for the 1k increases and about 3k per month for the 3k increases. This sounds reasonable. I'm not sure I'm committed to giving them spend, at this point.

Based on your previous $1,500 CLI, I don't think you're stuck in a low bucket and that you can probably grow this card quite a bit. Was $750 your starting limit? Yes

Keep in mind that if you accept a CLI offer, you won't be eligible to request again for six months. Right. I had noted February as the 6-month mark. You always have the option to decline an offer without resetting any clock. If you think you can get an improved offer in a couple of months, it'd make sense to decline a small CLI. I'll see how much they offer in Feb and go from there. 

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Thanks for the info, HO. Much appreciated.

[Anonymous]

I'm dying right now.. but I know what you meant