@Anonymous wrote:
@aircobra wrote:FWIW, I have barely used my bucketed QS (was previously secured) the past few months and I just got a $1500 CLI a couple days ago. Of course, I could easily be an outlier but it's worth mentioning.
My last CLI request came back with something extra with this months attempt, other than the generic INQ babble...
Recent use of this account's existing credit line has been too low
So, put something other than Hulu and my phone charge on it this month. heh
I've had my card since October 2017 and have never received a CLI. Their latest excuse is exactly what you wrote. I've been using the stupid card non-stop. I don't know how putting $1,500 worth of purchases on it each month would give me that message, but cool Cap1! You do you....
lol @ Queen_Etherea
But seriously tho, same here. It had never mattered if I made a few small slides in a month or ran purchase diarrhea through either of my Crapital1 cards. The plain and simple truth is Cap1 is a good option to help pull yourself up but not to grow into the future (with maybe the smallest of exceptions). And in my opinion, they start off in the bucket and offer escape to occasional customers as a marketing tool- the lucky few, as it were.
But seriously tho, same here. It had never mattered if I made a few small slides in a month or ran purchase diarrhea through either of my Crapital1 cards. The plain and simple truth is Cap1 is a good option to help pull yourself up but not to grow into the future (with maybe the smallest of exceptions). And in my opinion, they start off in the bucket and offer escape to occasional customers as a marketing tool- the lucky few, as it were.
@Queen_Etherea wrote:
@Anonymous wrote:
@aircobra wrote:FWIW, I have barely used my bucketed QS (was previously secured) the past few months and I just got a $1500 CLI a couple days ago. Of course, I could easily be an outlier but it's worth mentioning.
My last CLI request came back with something extra with this months attempt, other than the generic INQ babble...
Recent use of this account's existing credit line has been too low
So, put something other than Hulu and my phone charge on it this month. hehI've had my card since October 2017 and have never received a CLI. Their latest excuse is exactly what you wrote. I've been using the stupid card non-stop. I don't know how putting $1,500 worth of purchases on it each month would give me that message, but cool Cap1! You do you....
How much is your limit? They are comparing your charges to your limit.
When I was in credit steps I was putting about 800 a month through a $300 CL card, so instead of the promosied $200 CLI I got a $3000 CLI, six moths later I got $2000 CLI so my current limit is $5, 300. Now I am getting the same message "Recent use of this account's existing credit line has been too low" that makes perfect sense considering I am now putting about $200 a month on a card that has a $5300 limit. Even if I was putting $1500 a month on it I would still be under 30% util.
OP- I'm fairly certain closing a credit card will have no affect on applying for another credit card (with the same lender) so long as there are no outstanding circumstances, i.e. bad history, balances, that sort of thing.
Hi OP-
Unfortunately, the cut off for Credit Steps is $500. Depending on your history and usage, a somewhat common CLI as early as 6 months from the final Credit Steps increase is typically $250. That's not guaranteed, but a lot people get bucket at $750. At that point, it's just all up the bi-polar Capital One.
Unfortunately, the cut off for Credit Steps is $500. Depending on your history and usage, a somewhat common CLI as early as 6 months from the final Credit Steps increase is typically $250. That's not guaranteed, but a lot people get bucket at $750. At that point, it's just all up the bi-polar Capital One.