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I have a Quicksilver with what, for me, is a low SL. I have tried over the past couple of years to get CLIs - to no avail. But at least this last time, I got an answer that at least makes sense to me. They declined my latest request for a CLI - because of my low usage with the card. So...today I actually used the card for about $350.00. As I said, I have a low limit on this card - and have always used only about 5% of the available credit. But today will put me at about 15%...so perhaps this will work...I have a good credit score - and an impeccable history with Cap One. I will wait and and see..
Maybe your QS is bucketed?
Fingers crossed this works for you!
Mine is bucketed. Scores were around 580 when I got it. Now I'm in the 750s and still denied any luv.
Today I opened a Venture card, and will promptly be consolidating its $10,000 limit to my QS, which is my second oldest account. No AF for the first year on the Venture, and minimum starting limit of $5000; check your prequals! Just be ready for a triple pull if you bite... lol
Thanks! My Quicksilver was the first card that I got as I was emerging from my credit "crisis". It started out with a $500 SL, and fairly quickly increased to $2,200. But it is absolutely stuck there...but I guess that I will just have to wait. I now have my credit will all three bureaus frozen. I am in the garden at the very least until January. I got some outstanding cards this year, so I'm good for now. But the lack of a Capital One CLI lately - has me stumped!
I don't understand what bucketed means?
@CGeorge wrote:I don't understand what bucketed means?
Think of a class of students and the teacher - mentally at least - groups them in "challenged/below average (or) average (or) smart/gifted" at the beginning of the school year - these students are categorized in "buckets" and with Capital One once challenged always challenged with your only option to "withdraw" from that class/school and move to another (lender). aka subprime, average/good, and very good/excellent income and or credit scores.
@CGeorge wrote:I don't understand what bucketed means?
Cap One puts you in a certain category when you app based on your credit profile. No matter how much you improve your scores, that particular card will always stay in the subprime "bucket." You can always app for a new card (and take the triple pull) to get in a better bucket.
Better scores/profile = Better bucket = Better SLs and CLIs (usually, as always, YMMV)
Thanks, missliz! I did not realize that about Cap One. In January, I will apply for a different card - thanks again!
I thought my QS was bucketed at $3.5k; it started at $3k as a QS1 when I had really crappy credit (as opposed to my mostly crappy credit now!) and had an automatic $500 CLI at 6 months (must have been credit steps). For a year I checked every few months and got only $500 CLI offers, which I refused. Then in May I tried for $1,500, to bring myself to $5k, and they came back with a $3k CLI for $6.5k. Nothing had really changed, my credit score was going up by a point or two a month, but it was my main card and I had been using it a lot, running it up to around $1k and paying it off each month. All of my bills go through it. Note that my May attempt was the first time through the newish Cap1 option of choosing how much to ask for.
Just a data point that if you *are* bucketed, your bucket might be bigger than you think. (I do know that $6.5k might still count as a bucket.)