Capital One CLI with high UTL?

[lincar66]

Before I cared about my credit I had 1 capital one card with 500$ started at 300 3 years prior always had it maxed out and in December 2014 I requested a cli with 499.81$ out of 500$ and received a 1k bump and had only been making small 100$ payments a month but maxing it out right away.

[Anonymous]

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@icyhot wrote:

I've been hitting the LUV button on my QS at least once a week, first it was "your account is too new" then it was "your minimum monthly payment has been too low." I was making only the minimum payment since it was on 0% and that was really all I could do, but now I can do a little more and have made $100-$200 payments for the past two months. The letter has stated if I make over the minimum payments for 3 months I could be eligible, however my UTL will still be ~80%. Do they still give CLIs with high balances? I'm paying it off for good in January, just would like the UTL to be cushioned a little.

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I was just noticing on my documents tab, each time I ask it says "too new". today i noticed that it says

"In case you need a little more clarity, we've included some additional information on a separate page.

You'll see FAQs, common reasons that requests for credit line increases are declined, and useful

suggestions on what you can do next." I found this interesting. It actually tells you on the third page, that you can generally ask for CLI on third statement, that they don't generally give increases more than six months apart... along some other interesting tidbits about the reasons behind the decline. I have been pushing the love button weekly but now that I actually read all three pages of the declination letter, I know to wait until December which will be exactly 6 months since my last CLI. Hopes this helps.

[Edit]: This info was under the FAQs on declination letter.

[woodsie1]

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@icyhot wrote:

I've been hitting the LUV button on my QS at least once a week, first it was "your account is too new" then it was "your minimum monthly payment has been too low." I was making only the minimum payment since it was on 0% and that was really all I could do, but now I can do a little more and have made $100-$200 payments for the past two months. The letter has stated if I make over the minimum payments for 3 months I could be eligible, however my UTL will still be ~80%. Do they still give CLIs with high balances? I'm payig it off for good in January, just would like the UTL to be cushioned a little.

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I received a CLI on my QS1 when my utilization was about 60%. My increase was only $1000, but i still took it! LOL

[Shooting-For-800]

I have found that the more you charge and the more you pay and the faster you pay determines CLI.

I went from 3,000 to 50,000 with Cap One in 18 months by charging 4-8k per month and paying most of it off each WEEK.

Think like a bank.  Why would I give you more credit if you can't or won't pay for what you already have?

[vayub4]

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@Anonymous wrote:

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@icyhot wrote:

 I was making only the minimum payment since it was on 0% and that was really all I could do, but now I can do a little more and have made $100-$200 payments for the past two months. 

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I could never feel comfortable having any debt. I always have an urge to pay off my balance whenever I can which is once a week. I have credit cards because I want to rob them of their benefits. Fat chance I'll buy something with my credit card that I can't already pay in cash.

My creditors, thanks for the 5% cash back and cash back sign up bonuses because your hopes that I will purchase beyond my means will never occur. 

Icyhot, guess how my creditors respond to my credit behavior? They increase my CLI in an attempt to get me to purchase beyond what I can handle! Fat chance I'll be doing that! Only if I was a fortune teller and knew I would never lose my job or become injured I might take that chance!

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If it has a 0% promo I don't see the sense in paying it off. Doesn't matter if you're bill gates, I'd rather keep the money in my account than pay it off when it doesn't cost me a penny.... Business minded people will tell you the same thing....

As for the question, this happened to me too when i just oppened my QuickSilver.... I was just payin the minimums because of the promo and even when I crossed the 6 months line they told me i wasn't payin enough for a CLI! After paying $300+ for two straight months they upped my CL byt $2000.... keep paying $100+ and I believe you'll get the increase soon as long as it has been 6 months since you got the card

[Anonymous]

did i read this correctly? you got a cli 3 times? 3 months in a row?

[Anonymous]

I had a cap one qs at 80%, but was making large charges, and large payments throughout the months, and got a cli. This was near the beginning of my credit journey a couple years ago. Now im in a race to post payment by statement cut date. But i think Capital One is one of the only creditors that will do this. And only if you're "due" for a cli (as in 6months or more since last one).

[Dj4Money]

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@Shooting-For-800 wrote:

I have found that the more you charge and the more you pay and the faster you pay determines CLI.

I went from 3,000 to 50,000 with Cap One in 18 months by charging 4-8k per month and paying most of it off each WEEK.

Think like a bank.  Why would I give you more credit if you can't or won't pay for what you already have?

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 How on earth did you do that? You must have a business. Without taking cash advances to pay the car payment, out of all my bills only my auto insurance can be paid with a credit card.

 If I took out an advance every month I can funnel $529 through the card plus about another $220-$250 in fuel, car washes, food, etc from ride share. I can start doing this as soon as I get my balances under 30% and start asking for more line increases.

 My Logix and QS1 are both eligible for a line increase.

 I was going to try to get a CLI with high utilization but I have to shelve that idea and do it next month, where it should be down to about 60%.

[Shooting-For-800]

Different people are different.

we use Venture Card for everything.  Everything.

utilities

car insurance

lawn care

clothes

travel

groceries

gas

tolls

parking

entertainment

cell phones

fast food

gifts

purchases etc.

we do not have a business.

[Shooting-For-800]

BTW, you should NEVER take a cash advance for ANYTHING.

it screams "money issues."