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@TheCity wrote:
Hey guys,
. Because of this history I was expecting a substantial increase from Cap1, however, they hit me with a measly $100 offer.
Did you ask for the cli online? Maybe you can call in and ask a csr if it could be more. Good luck, cuz I'm not sure what I'd do bout that...accept or decline(?)
The card is probably bucketed, so those CLIs are probably about the best you’re gonna get. It’s only one CLI per 6 months though, so maybe hold off, use the card heavily and pay frequently, and try again later?
@TheCity wrote:
Hey guys,
So I have a Cap1 Quicksilver card that about 3-4 months ago was graduated from a Platinum. Overall, I've had the account for more than 2 years. The current limit on it is tiny, only $500. I travel a ton for work though so I tend to use it VERY heavily. Maxing it, and then emptying it before the statement hits. Because of this history I was expecting a substantial increase from Cap1, however, they hit me with a measly $100 offer.
So my question is, should I take that offer and then try again next month, or decline it, and then try again at some other date?
Also, how often should I be asking for increases? It doesn't matter unless I accept one, right?
Accept it because with a starter card, you may not get a better offer. Majority of those cards are doomed at birth.
I dont know what the rest of your profile looks like, but I'd start looking at other options as far as CC go.
@TheCity wrote:
Yea, I'm thinking about probably going 2 routes: Accept the tiny increase
Then also apply for a brand new card.
I'll probably give Cap1 til this next statement and see how it's looking then. Saw another poster say something about them only looking 2-3 months back at your credit, and I had high usage last month.
I didn't get a CLI on any of my cap1 cards until I used them heavily for 3 months straight. At that point they all got increases.
I am due for a $250 automatic increase in 2 months for making payments on time, so I'm kind of in the same boat as you...facing a ridiculously small CL increase that keeps the card as useless as it is with its current line ($500). I guess I should just accept the automatic increase, as they just denied a manually requested increase. My plan is to apply for a Quicksilver card as soon as the credit line is increased on my existing card, though I don't hold out much hope for that. It seems when it comes to credit recently, all I get are denials, despite that fact that I have no late payments.
@TheCity wrote:
Yea, I'm thinking about probably going 2 routes: Accept the tiny increase
Then also apply for a brand new card.
I'll probably give Cap1 til this next statement and see how it's looking then. Saw another poster say something about them only looking 2-3 months back at your credit, and I had high usage last month.
+1 to this!
I am stuck with a bucketed old Platinum card turned Quicksilver... I would take it and from what I have read most people sock drawer the card after that.
I've read lots of posts about success with a second card if your scores have improved dramatically, I would go for the second card versus stressing out about these low limit Cap1 cards.
I don't have the link but there is alot of good information regarding the subprime lending cards and why certain lenders bucket cards like that.
Cheers