Help with Capital One CLI

Anonymous · ‎08-21-2015

When ever I request a credit limit increase they denied it with this message.

You recently requested a credit line increase for your Capital One ® account. Unfortunately, your account isn't eligible right now. We know this isn't the answer you were hoping for and we want to help you understand why:

· Recent use of this account's existing credit line has been too low

Is there any way to get an increase without going in debt lol?

Anonymous · ‎08-21-2015

@Anonymous wrote:
When ever I request a credit limit increase they denied it with this message.

You recently requested a credit line increase for your Capital One ® account. Unfortunately, your account isn't eligible right now. We know this isn't the answer you were hoping for and we want to help you understand why:
· Recent use of this account's existing credit line has been too low

Is there any way to get an increase without going in debt lol?

Use the card more often. If you're not using the card that much then there really isn't a need for a CLI is there?

Anonymous · ‎08-21-2015

@Anonymous wrote:
@Anonymous wrote:
When ever I request a credit limit increase they denied it with this message.

You recently requested a credit line increase for your Capital One ® account. Unfortunately, your account isn't eligible right now. We know this isn't the answer you were hoping for and we want to help you understand why:
· Recent use of this account's existing credit line has been too low

Is there any way to get an increase without going in debt lol?

Use the card more often. If you're not using the card that much then there really isn't a need for a CLI is there?

Isn't it good to have a high credit limit for FICO, and emergency purposes?

Anonymous · ‎08-21-2015

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
When ever I request a credit limit increase they denied it with this message.

You recently requested a credit line increase for your Capital One ® account. Unfortunately, your account isn't eligible right now. We know this isn't the answer you were hoping for and we want to help you understand why:
· Recent use of this account's existing credit line has been too low

Is there any way to get an increase without going in debt lol?

Use the card more often. If you're not using the card that much then there really isn't a need for a CLI is there?
Isn't it good to have a large credit limit for FICO, and emergency purposes?

.Sure there is but CapOne doesn't really care about that. They think that if you're not using the card and coming anywhere close to your existing limit then they so see no need to give you an increase. What's your existing limit and how much are you charging on the card on a monthly basis?

Anonymous · ‎08-21-2015

Sure. Maybe you can use it for your monthly bills to increase your usage. I don't advocate spending more to obtain a CLI. It also depends on the type of product you have with Cap 1.

That is the typical response from Cap 1 if you aren't using your card enough for their liking. I always get that response. Cap 1 likes heavy usage or for you to carry a balance. My DH used to get CLIs all the time. He was carrying a large balance which is why I requested a CLI for him right before we PIF his Cap 1 credit card. They increased his CL 3K. Going forward, since he will rarely use the card, I expect he will receive the same message.

Best of luck!!!

Anonymous · ‎08-21-2015

This depends on how long you're had the card and how much you use it. Typically yuu can ask for a cli after the 2 month mark. Then it's every 6 months and they don't normally stray from that. If you are using it, keep it up. I have 2 Venture's and right now 3k and 5k on each. Making 1k payments so they know I'm using their cards and paying a bit of interest. I seem to get a good respnse from them this way. I had charged more on each originally but paid them down. Making payments for another month or two. I'm trying to give and maybe I'll get more in return? I'd play around with what you're charging and paying a bit and see what happens. I really like them and I always carry my Venture's.

ddemari · ‎08-21-2015

OP - this took me a long time to comprehend. Everyone has a different experience with CapitalOne.

That reponse you received I have got before, I was not really using the cards that much at the time(S), if at all but at least a small auto payment to them monthly. I can get a cli once a year from that button.

Like others have said, they are not going to give more limit to someone who isnt using the card. But, they will it just takes patience.

I applied for a CLI on my qs silver visa signature. It is a 1 year old and I have not received a CLI on it, even though I spent a lot on it, always made 10 to 12 times more than the minimum payment on it. I hit the button back in may, said minimum payments to low. I was running a 1200 dollar balance on 6k limit at 0 apr till sept 15.

In june i made a big payment. July a big payment. August paid the balance of 1100. Let the statement cut, hit that button and received the 2-3 day. Letter stated, payments are too small. Then 5 minutes later they send me this survey lol.

kdm31091 · ‎08-21-2015

Just because it's good to have a high limit for util/FICO doesn't mean Capital One has to hand you a high limit.

Anyway, the letter is pretty clear: you aren't using the card enough. Creditors do not simply hand out CLIs. Although usage is not the only factor, it stands to reason that using a card for a pack of gum or some trivial purchase every month is likely not going to get you a CLI. I'm not saying your spend was that low but evidently your usage has been insufficient for a CLI. Use the card as a "daily driver" for a few months and then try again. You are more likely to see success, assuming the rest of your file warrants the CLI.

ddemari · ‎08-21-2015

@kdm31091 wrote:
Just because it's good to have a high limit for util/FICO doesn't mean Capital One has to hand you a high limit.

Anyway, the letter is pretty clear: you aren't using the card enough. Creditors do not simply hand out CLIs. Although usage is not the only factor, it stands to reason that using a card for a pack of gum or some trivial purchase every month is likely not going to get you a CLI. I'm not saying your spend was that low but evidently your usage has been insufficient for a CLI. Use the card as a "daily driver" for a few months and then try again. You are more likely to see success, assuming the rest of your file warrants the CLI.

As KDM says, there is more to it than that resonse. that response they give, is a more friendler way of saying something that could be a mixture of too many new cards and balances and payment amounts etc.

looking at my eq report from equifax.com membership, Capitalone soft pulled me on the 16th and 17th, then my card statements closed. they didnt like a mixture of stuff in my report like new cards, inq's, whatever. although I have a good fico score, they didnt give me anything at a year and Im fine with it. It will randomly come though sometime soon

Anonymous · ‎08-23-2015

@kdm31091 wrote:
Just because it's good to have a high limit for util/FICO doesn't mean Capital One has to hand you a high limit.

Anyway, the letter is pretty clear: you aren't using the card enough. Creditors do not simply hand out CLIs. Although usage is not the only factor, it stands to reason that using a card for a pack of gum or some trivial purchase every month is likely not going to get you a CLI. I'm not saying your spend was that low but evidently your usage has been insufficient for a CLI. Use the card as a "daily driver" for a few months and then try again. You are more likely to see success, assuming the rest of your file warrants the CLI.

I charge about $1,000 a month on it. The reason I was concerned was CITI with low usuage has no problem increasing the credit limit. I do know they are two different banks ect... just saying...