Getting A Cap One Credit Limit Increase?

[Anonymous]

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@HeavenOhio wrote:

@Anonymous, look at the secure messages within your Capital One account. Chances are that something's in there.

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I looked but couldn't find it before.  I finally found it under "I want to..."

Denied. Reason: Recent use of this account's existing credit line has been too low.

Thank you @HeavenOhio.

[Aim_High]

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@Anonymous wrote:

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@HeavenOhio wrote:

@Anonymous, look at the secure messages within your Capital One account. Chances are that something's in there.

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I looked but couldn't find it before.  I finally found it under "I want to..."

Denied. Reason: Recent use of this account's existing credit line has been too low.

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Very common with Capital One. They like to see three months of regular use (I think more swipes versus usage of credit limit) to approve increases. If you SD your card, it will never grow with them.  

[Anonymous]

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@Aim_High wrote:

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@Anonymous wrote:

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@HeavenOhio wrote:

@Anonymous, look at the secure messages within your Capital One account. Chances are that something's in there.

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I looked but couldn't find it before.  I finally found it under "I want to..."

Denied. Reason: Recent use of this account's existing credit line has been too low.

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Very common with Capital One. They like to see three months of regular use (I think more swipes versus usage of credit limit) to approve increases. If you SD your card, it will never grow with them.  

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It got use, but down around $150/mo for the last 3 months. Normally around $700/mo, but I was using my DISCOVER card for restaurants at 5% over the 4% on Savor for the 3rd quarter. 

I even use them at vending machines and for other small transactions. 

[Anonymous]

From my experience, Capital One has always given me CLIs when I have had a high utilization on the cards...and when I keep the utilization at 0% I don't seem to get much of anything from them. They love when I keep a big balance and heavy spend.

[SoCalifornia]

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@Anonymous wrote:

From my experience, Capital One has always given me CLIs when I have had a high utilization on the cards...and when I keep the utilization at 0% I don't seem to get much of anything from them. They love when I keep a big balance and heavy spend.

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CapOne loves swipes. Like many lenders, they get all gushy if they feel like your one and only.  I believe the utilization is just coincidence, as it's usage they want. But if they can manage to grab interest from you as well, it's win-win for them. 

[Anonymous]

So if I charge 30 candy bars a month without much else, they'd be more inclined to give a CLI?

[FinStar]

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@Anonymous wrote:

So if I charge 30 candy bars a month without much else, they'd be more inclined to give a CLI?

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Doubtful.  If their internal criteria or logic evaluates you have sufficient available credit and don't use a great portion of that fairly often, 30 separate swipes isn't gonna cut it.   But, it's almost Halloween so give it a try.   Maybe if you buy $15K worth of candy?  

[SoCalifornia]

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@Anonymous wrote:

So if I charge 30 candy bars a month without much else, they'd be more inclined to give a CLI?

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You're the one with the 27.5k CL with CapOne- was it candy bars? Beta test it, I axed the Cap since time ago. 

[Anonymous]

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@SoCalifornia wrote:

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@Anonymous wrote:

So if I charge 30 candy bars a month without much else, they'd be more inclined to give a CLI?

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You're the one with the 27.5k CL with CapOne- was it candy bars? Beta test it, I axed the Cap since time ago. 

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Nah, I'll keep them. I got 4% dining and entertainment without the AF. Still very lucrative for me.

[Aim_High]

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@SoCalifornia wrote:

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@Anonymous wrote:

So if I charge 30 candy bars a month without much else, they'd be more inclined to give a CLI?

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You're the one with the 27.5k CL with CapOne- was it candy bars? Beta test it, I axed the Cap since time ago. 

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Some people may disagree but I still firmly believe that most larger lenders have different levels (or tiers) of cards and the same consumer with same profile will get a higher SL, Larger CLI, and larger total limit on some cards more than others. Capital One’s Premium cards are Venture and Savor, so it’s rare to see QS limits as high as Venture/Savor without a lot more time and work, if at all. Just my observations.