How to get a Capital One CLI

[Anonymous]

Yes. Due date was the 4th. 9% utilization on the card.

[Anonymous]

You need to wait for the reason for the denial. Capital One will usually let you know within 2 to 3 days. They will tell you that you have a document to review, sign into your acct, review the document and let us know.

[Anonymous]

I got a Capital One Platinum card with a $500 SL (my first card to start my rebuild) about 11 months ago, they gave me an auto-CLI at the 6 Month mark to $750 for credit steps (which I then pced to a Quicksilver) and they just gave me another auto-CLI to $1250 at the 11 month mark and my card was at 66% utilization at the time of the 2nd auto CLI.

[Anonymous]

Thank you. I know I've seen other people do it on here as well. So I don't know why they denied me 😝

[Anonymous]

It's still important to understand that your account is indeed a starter account, so it isn't likely to ever grow significantly.  It could very well plateau at something like $2k, with a couple of $500 CLIs every 6-12 months to eventually get you there.  Your best bet is applying for a different CO product once all of your scores are in the low 700's and you'll get approved with a limit that's probably 3X-6X whatever the limit on your starter card is at the time.

[Anonymous]

So, I got the denial letter today. It says:

"A credit limit increase is not currently available upon request because Capital One is evaluating account activity at assigned credit limits."

[Anonymous]

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wrote:

So, I got the denial letter today. It says:

"A credit limit increase is not currently available upon request because Capital One is evaluating account activity at assigned credit limits."

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That sounds like they'may be evaluating you for a CLI. Did you apply for the CLI after your statement cut?

[Anonymous]

Yes.

[Anonymous]

I have a QS Mastercard that's a PC from a Platinum that I got a year ago at the start of my portfolio rebuild (PC'ed from Platinum to QS in June). I'm pretty certain it's bucketed as a "starter" card since it has "Platinum" on the back under the MC logo, which is from what I understand a fairly definitive tell of that status. The SL on the card was $3,000, auto-CLI'ed to $3,500 in September when the 6th statement cut, so if I get another CLI on this card it's likely to be next month.

That being said, I got a QS Visa Signature last month with a $10K SL, which, as indicated earlier in this thread, is a bit over 3X the SL of my QS MC. I would assume that, with proper management, this card is much more likely to grow significantly than the older one, so I'm now considering the pros and cons of paying down/off that card and then merging it with the newer QS (I'm also seriously planning on BT'ing the remaining balance on my old secured Platinum, then using the refunded deposit to pay down/off at least one other card).

[Anonymous]

Pretty certain that I'm going to close out this account after my home purchase and Lowe's card that I'm going to app for. I need the AAOA to stay where it is now for that.

If it's not going to grow, I can't really use it. I need a third card that has a visa or MC on it since my other two aren't accepted everywhere.