I was approved around the beginning of February 2015 for a new Capital One Venture card with a $20k limit. I use this card for work heavily, but keep no recurring balance on it. I tend to pay it off every two weeks.
I knew that after two billing cycles I could apply for a CLI. I must of fallen asleep because it's been 4 billing cycles. So I hit the magic button yesterday and was offered a $3k increase in credit, potentially bringing me to $23k. However, I declined.
After doing research on this forum it seems that the $3k increase is a very normal procedure for Capital One, no matter what the original starting limit was. I would like to have the limit on this card, and all my cards, as high as possible due to the fact that I put a lot of $$ on them for work. Of course since I use it heavily for work, this tends to affect my utilization, depending on whatever date each credit account picks to report. I would like to get to $30k.
Bottom line - Is there any reason for me not to accept the $3k increase? Other than the fact I would need to wait an additional 6 months for any more CLI, or should I call the executive office?
