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Mainly to increase my available credit and minimize utilization %, I'll request limit increases on my cards every 6-12 months.
I did it for all my cards today:
Citi gave me a $2,00 CLI
Amex $10,000 CLI (I've been too conservative the last few requests so I went for a $10k increase and got it instant)
Captial One $750 - It's always been $500
or $750 with Capital One for me. Is this typical?
Also have an old Capital One secured card that was converted to a standard Mastercard, with a $500 limit. They refuse to increase it because I rarely ever use it, which is because it only has a $500 limit.
All cards are always paid in full. 800 FICO. It just seems odd how low of increases Cap One grants vs. others.
There's a possibility that your account is bucket
@Dennis885 wrote:Mainly to increase my available credit and minimize utilization %, I'll request limit increases on my cards every 6-12 months.
I did it for all my cards today:
Citi gave me a $2,00 CLI
Amex $10,000 CLI (I've been too conservative the last few requests so I went for a $10k increase and got it instant)
Captial One $750 - It's always been $500
or $750 with Capital One for me. Is this typical?
Also have an old Capital One secured card that was converted to a standard Mastercard, with a $500 limit. They refuse to increase it because I rarely ever use it, which is because it only has a $500 limit.
All cards are always paid in full. 800 FICO. It just seems odd how low of increases Cap One grants vs. others.
this is very typical and those cards will practically never grow, if you want higher limit capital one cards, use the pre-approval tool, see what they might pre-approve you for and apply
All other issuers usually offer CLIs based off of general usage and other things, CapOne is a exception that too, relies heavily on heavy usage than others that would not heavily require the usage to be in range like what C1 requires, but then again the card could be "bucketed".
@Dennis885 wrote:Mainly to increase my available credit and minimize utilization %, I'll request limit increases on my cards every 6-12 months.
I did it for all my cards today:
Citi gave me a $2,00 CLI
Amex $10,000 CLI (I've been too conservative the last few requests so I went for a $10k increase and got it instant)
Captial One $750 - It's always been $500
or $750 with Capital One for me. Is this typical?
Also have an old Capital One secured card that was converted to a standard Mastercard, with a $500 limit. They refuse to increase it because I rarely ever use it, which is because it only has a $500 limit.
All cards are always paid in full. 800 FICO. It just seems odd how low of increases Cap One grants vs. others.
Capone isn't known for generous CLI's, especially on bucketed cards. Congratulations on your other awesome CLI's!
Many years ago, they gave me multiple increases approximately $2,500-$3000 3 years in a row; couldn't tell ya why that was the case.
But since my other cards are more predictable and consistent, I've stopped trying to figure them out.
Best of luck to you though if you're ever able to do so, but in any case, congrats on your other boosts!
Thanks, I had to google what a bucketed credit card is, but makes sense.
FWIW the Cap One is a QuickSilver, Citi is DoubleCash, and Amex is Blue Cash Everyday.
I'd like to get in with Chase rather than a higher limit Capital One, but I think I'm probably blacklisted, and don't want to use a hard inquiry to find out (no soft pull preapproval). Different story for a different day I guess.
https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-is-Bucketing/td-p/5406215
I had this same question about my Citi Simplicity which I can see not growing, as when I opened, I had a high balance on a card, BT to it, and I utilized all of the credit limit, and will likely only pay the minimum balance for 2-3 months until I pay off another balance transfer @1.99% with chase.
I was going to find the card useless next summer, and PC to something useful, close it, or open another CC and transfer the limit. $9,100 is annoying to look at.
I was curious if me paying only the minimum payments on 8.8 K would result in Citibank not liking me at all
@DanteJuan95 wrote:
TBF, I personally don't see nor understand the obsession of wanting to have moderately or extremely high CLs if nobody going to use past 2 or 5% of that amount. Now unless you (all) have the high enough income to pay a good amount of, which I assume everyone here (except me) has. It's not like you're saving it to buy a house for yourself or the kids, that's only what the loans are there for. To make a long story short, I failed to see any purpose of wanting more than enough CLIs if the score you have is good enough or whatever the purpose of wanting more than enough CLIs. IJS
Utilization purposes? Having higher amounts of credit available makes it easier to borrow.