@Anonymous wrote:Hi All,
I had our kitchen remodeled and paid $11k on my capital one platinum card today. The card has a credit limit of $22k. I'm due for a 6 month CLI in about a week. Should I pay my card early to get it down closer to paid off before I request a CLI or should I wait until the statement comes, pay in full, and then ask for CLI? My statement won't be coming for at least 3 weeks as the previous statement was just paid in full a few days prior to the remodeling. Currently I have 3 cards total with a total credit limit of $90k, so I'm just over 10% utilization.
Thanks!
@Aim_High May have insight. Letting it report, then PIF may yield results for requested CLI.
@AllZero wrote:
@Anonymous wrote:I had our kitchen remodeled and paid $11k on my capital one platinum card today. The card has a credit limit of $22k. I'm due for a 6 month CLI in about a week. Should I pay my card early to get it down closer to paid off before I request a CLI or should I wait until the statement comes, pay in full, and then ask for CLI?
@Aim_High May have insight. Letting it report, then PIF may yield results for requested CLI.
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@NRB525 wrote:
Letting it report the $11k balance will temporarily drop your score, both for the 50% One Card and over 10% overall utilization. The score drop should be minor, and as you pay it down scores will recover as you get below 10% overall and below 50% one card.
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@Anonymous wrote:
I would just wait until it posts, PIF and then request the CLI. just because a person is due for a CLI at 6 months interval doesn't mean they have to do it right on the dot. Waiting never hurt anyone, just tested their patience.
Thanks for the poke @AllZero. I concur with the above advice. Let the $11K post to statement. Yes, it will temporarily lower your scores but they will rebound quickly after you pay it off. It doesn't hurt anything if you're not applying for a new account.
I worked CLIs with Capital One for years and increased my $1K Quicksilver up to $25K, mostly $3K at a time. I'm not sure but it appeared to me that part of Capital One's automated CLI system looks at statement balance versus simply total recent charges, so I suggest letting new charges post just to be sure if you're looking for a CL increase. And it's well known that Capital One likes to see regular and moderate use of your credit limit to give you more. That $11K should definitely help. I've never tried one single large charge with them and then asked for a CLI. Usually they have wanted to see about three months of consistent use from my experience. If they deny your CLI request, just pay off the $11K and keep using the card consistently for a couple of more months, let balances post, PIF, and then you should be good to go. And yes, waiting a little longer than the minimum interval doesn't hurt anything! I have rarely set a clock to ask for an increase on any of my accounts.
@Aim_High wrote:Thanks for the poke @AllZero. I concur with the above advice. Let the $11K post to statement. Yes, it will temporarily lower your scores but they will rebound quickly after you pay it off. It doesn't hurt anything if you're not applying for a new account.
@Aim_High I recalled reading this great post of yours. Woo Hoo !!!! Reached my Capital 1/QS CLI Goal!
@AllZero wrote:
@Aim_High wrote:Thanks for the poke @AllZero. I concur with the above advice. Let the $11K post to statement. Yes, it will temporarily lower your scores but they will rebound quickly after you pay it off. It doesn't hurt anything if you're not applying for a new account.
@Aim_High I recalled reading this great post of yours. Woo Hoo !!!! Reached my Capital 1/QS CLI Goal!
Ah yes, the memories! 
There are some great data points in that thread and in my further linked message for anyone interested in Capital One Credit Line increases. I like giving that kind of specific data when I can to help the community!