Is there a guide for Capital One [QuickSilver] CLI guide?

[Anonymous]

Hello,

I was wondering if there is a guide on how to obtain a CLI for a Capital One QuickSilver card (how long to wait, how much to ask for, is it auto, hard pull, soft pull, etc)?

I have searched and came up with some info but not something that has everything I'm looking for. So I recently applied for a QuickSilver card and was approved for a $10,000 CL. I have the following questions.

-How long do I wait until I can ask for CLI, and how much do I ask for (if it's something I can ask for, or do they just tell you how much they give you)?

-Is a CLI a hard pull or soft pull?

-If I get an auto CLI, does it reset my CLI date?

[securingourfuture]

If you put a lot through it (and PIF), ask for a CLI on the 61 st day.  If they offer like $400, wait a week and request again to see if they bump it up.  No option to ask for a specific amount.

It's a SP.  Not sure about auto-CLIs, but I heard they only give increase every 6 months.

HTH

[OmarGB9]

Wait at least two statements. Can't ask for a specific amount. They'll offer an amount if there's any CLI available. It's a soft pull. And yes auto luv resets the clock IF it's credit steps. Any other time I believe it doesn't affect the 6 month wait.

[PNW_Hunter]

Credit limit increases are given out, generally speaking, every 6 months down to the day. They will give you as much as you qualify for.

I've never heard of capital one doing a hard pull for a CLI, even for a manual review from the execuive office. Luv button is a soft pull, and you can hit it as much as your heart desires.

Good luck getting an auto CLI

[Anonymous]

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@OmarGB9 wrote:
Wait at least two statements. Can't ask for a specific amount. They'll offer an amount if there's any CLI available. It's a soft pull. And yes auto luv resets the clock IF it's credit steps. Any other time I believe it doesn't affect the 6 month wait.

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Can you further explain these "steps". I've heard of the terms before but don't know exactly how it is structured? I assume it's only in place for lower starting CLs, but I could be wrong?

[Anonymous]

I was surprised that I was given an automatic credit limit increase even after receiving a CLI only a month ago through the request button!

[OmarGB9]

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@Anonymous wrote:

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@OmarGB9 wrote:
Wait at least two statements. Can't ask for a specific amount. They'll offer an amount if there's any CLI available. It's a soft pull. And yes auto luv resets the clock IF it's credit steps. Any other time I believe it doesn't affect the 6 month wait.

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Can you further explain these "steps". I've heard of the terms before but don't know exactly how it is structured? I assume it's only in place for lower starting CLs, but I could be wrong?

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Not 100% sure myself, but I would assume yes only small SLs are enrolled in steps. Being that you got a visa sig at $10k (which is already pretty generous, btw), it probably isn't in credit steps. But anyway to answer your question about how it works: basically, you're guaranteed a fixed CLI after 5 months. Part of the requirements are to use the card at least once, don't go over limit, don't miss a payment, and make 5 on time payments. After 5 statements you should automatically receive the promised increase to yor account. This is a one time deal, too. So it's just the one guaranteed increase and after that you can ask at any time for an SP CLI and/or hope for auto increases. But of course neither of those are guaranteed.

[Anonymous]

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@securingourfuture wrote:

If you put a lot through it (and PIF), ask for a CLI on the 61 st day.  If they offer like $400, wait a week and request again to see if they bump it up.  No option to ask for a specific amount.

It's a SP.  Not sure about auto-CLIs, but I heard they only give increase every 6 months.

HTH

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If I receive a CLI, how would I be eligible to request again only after 1 week? Isn't there a waiting period like the other companies?

[OmarGB9]

He/she meant that if they offer you a $400 CLI for example, DON'T accept it and wait a bit longer (I would say 2-3 more weeks rather than a week) instead to see if they offer more.

[Anonymous]

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@OmarGB9 wrote:
He/she meant that if they offer you a $400 CLI for example, DON'T accept it and wait a bit longer (I would say 2-3 more weeks rather than a week) instead to see if they offer more.

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Thank you for clarifying. I misread the original comment.