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Anyone know if a decline a Increase, will I be able to try again in a few days after my next statement cuts in a few day...
I have two old cap1 cards... Last increase on one of them was about 6 months ago. Just paid them both off. Was approved for a April reduction a few months ago.
Also don't know if I should combined them, then ask for a Increase. Or if that hurts my chances.
I have 2 qs1
$1500 list and one with $1750 limit. The one with $1750 is due for a Increase...
Thanks for all any and all advice!!!
Ps. Should I put more $$ in the monthly spend on credit cards field. (luv button)
@My_Fako wrote:Anyone know if a decline a Increase, will I be able to try again in a few days after my next statement cuts in a few day...
I have two old cap1 cards... Last increase on one of them was about 6 months ago. Just paid them both off. Was approved for a April reduction a few months ago.
Also don't know if I should combined them, then ask for a Increase. Or if that hurts my chances.
I have 2 qs1
$1500 list and one with $1750 limit. The one with $1750 is due for a Increase...
Thanks for all any and all advice!!!
Ps. Should I put more $$ in the monthly spend on credit cards field. (luv button)
> In the decline letter from capital One.. there is a statement.. it says that your request for an increase will not effect your Credit/soft pull.. i would not Combine yet & i would try again just b4 Christmas!
I was thinking about trying increase and if I get it... Then combine. And apply for a new. Cap1 card?
You can ask whenever and it's a SP, but generally speaking, success only comes every 6 months. There are small exceptions (sometimes a few days before 6 months etc) but generally, Capital One adheres to that policy.
This can all be found right in the CapOne credit line increase FAQs
http://www.capitalone.com/credit-cards/credit-line-increase/
Are all Capital One cards eligible for credit line increases?
Some accounts are typically not eligible for increased credit lines upon request, such as accounts that are less than three months old, and accounts that have received a credit line increase or decrease in the last six months.
While these types of accounts are usually ineligible for credit line increases upon request, other accounts are not guaranteed to be approved.
What factors determine if I’m eligible for a credit line increase?
When considering an account for a credit line increase, we may look at a variety of factors such as your on-time payment history, average monthly payment amount, credit bureau information, and credit score. We also may look at whether you use a significant portion of your existing credit line. If you regularly use your card and make payments on time, it builds your account's payment history. If not, we may not have sufficient payment history to review.
Two of the important factors that help determine your eligibility for a credit line increase are in your control: on-time payments and making substantially more than your minimum payment every month. We want to make sure you’re able to make the increased payments that may be required if you used your increased credit line. So, using your card responsibly by having a solid history of making on-time payments and making more than your minimum payment are two ways you can improve your eligibility for a credit line increase.