Capital One Logic...

[PlasticOrPlastic]

I currently have 2 Capital One accounts.  One has a 2k limit and one has a 4.5K limit, both are QS1 cards.  I've tried over and over to get CLI's on the cards, but was unsuccessful.  I attempted to apply for a new card today (with hopes of card consolidation later on) and was approved for a 10k VISA Signature QS.  I dont understand how they refuse to raise my CL on existing cards (one I've had for 5 years) but they will give me a 3rd card at 10k.  While I dont understand it I wont complain because its pretty awesome especially since I'll be able to combine the limits to the VISA Siggy and be at 16.5K QS!!  Kinda pumped right now

[Anonymous]

Your thread title is an oxymoron.

[jamesdwi]

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@PlasticOrPlastic wrote:

I currently have 2 Capital One accounts.  One has a 2k limit and one has a 4.5K limit, both are QS1 cards.  I've tried over and over to get CLI's on the cards, but was unsuccessful.  I attempted to apply for a new card today (with hopes of card consolidation later on) and was approved for a 10k VISA Signature QS.  I dont understand how they refuse to raise my CL on existing cards (one I've had for 5 years) but they will give me a 3rd card at 10k.  While I dont understand it I wont complain because its pretty awesome especially since I'll be able to combine the limits to the VISA Siggy and be at 16.5K QS!!  Kinda pumped right now

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CapitalOne is a large company,that has many different divisions, the group that approves your CLI's is a different group than those that approves new credit cards. The group that gives CLI's has a goal of protecting the companies money, yet still earn money, if you are currently a customer and in good standing they have accomplished their job. The card division has a job of increasing the number of customers and cards held so they want to impress you with a high starting limit so you will happy and use the card and be a happy customer. Of course after a few months you will transfered to the CLI unfreindly group... 

[Broke_Triathlete]

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@Anonymous wrote:

Your thread title is an oxymoron.

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Hahahahahahaahahahaha

To the OP I have no idea either... doesn't make sense. 

[CreditCuriosity]

Simple answer you are bucketed..  New card unbuckets you, with the exception of your previous cards..  Sad, but true.

[Anonymous]

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@CreditCuriousity wrote:

Simple answer you are bucketed..  New card unbuckets you, with the exception of your previous cards..  Sad, but true.

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I have heard of this before. I find it to be quite accurate.

[TRC_WA]

QS1 opened May 2013 - $1000 to $2000 to $4000 to $5500 last CLI July 2015

QS1 opened August 2013 - $500 to $750 to $2750 last CLI August 2014 (recently denied)

Venture opened March 2015 - $10k to $13k last CLI May 2015

I can't really complain.  My 2nd QS1 is overdue for a CLI but overall my profile with CapOne is pretty solid.

[ddemari]

CapitalOne is infamous for not increasing the lines of current cards but instead telling you to apply for new cards with them instead. My friend has a 7k QS1 mc with annual fee, originally approved for 3k and auto cli'd to 7k. She always revolves some balance, and paying 22.9% apr. 

So she apped for a QS visa because they wouldnt reduce her apr or remove annual fee permanently, so they approved her a 10k qs visa sig at 15.9%. 

[BooBee]

Same thing happened to me. I've had a Cap1 card for like 10 years now with a low limit ($2,700) as it was my starter card.  They refused to give me a CLI so I applied for Venture card and got 10K instant approval with a better rate.

[Anonymous]

Same here. I started with a $500 card with a $3 monthly fee. I now have 2 Venture's with 15k limits and a VentureOne with a 10k limit. I was able to get the EO to permanently remove the monthly fee and give me a 2k bump on my original $500 starter card which is now 5 yrs old. Whats kind of crazy is it says i'm actually prequalified for another Venture card.......can you even have 3 venture cards?!?