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Should I accept a tiny CLI from Capital One?

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.

Re: Should I accept a tiny CLI from Capital One?

Yes, accept anything you can.  You are not going to get reconsidered even if you call in.  Tried many times.  Even with 5x the limit on my card via monthly spend on their card, I couldn't get it to go higher.  If you're bucketed, you're bucketed.  Get a new card is all I can say.  My Venture is getting a lot of love with the spend amount but my original bucketed card is only getting a hundred dollar increases.

 

Some say that too many people were calling in about reconsiderations and Cap 1 decided to make it all based on a computer algo so no amount of pleading with CSRs will change the limit.  

 

Message 11 of 14
Established Member

Re: Should I accept a tiny CLI from Capital One?

Thanks everyone for all your help! I've gone ahead and accepted the CLI, and am officially in the market for a new card!
Message 12 of 14
Frequent Contributor

Re: Should I accept a tiny CLI from Capital One?

I would recommend waiting at minimum 6 months if you are doing a new card altogether but if you are staying in the Cap One fam 3 months I think would be a good minimum to wait since you accepted increase Smiley Very Happy

Starting Score: 537
Current Score: 725
Goal Score: 775


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Message 13 of 14
Valued Member

Re: Should I accept a tiny CLI from Capital One?


@TheCity wrote:
How did you know about the automated CLI? A rep?
I use the card very heavily usually and pay it off in full before the statement date... And still nothing... It's a Quicksilver card too. Smh

You every look at the Discover It card? It's been pretty good for me over this past year.

Re: Discover It, I tried Discover's prequalification system, and it said I wasn't prequalified for anything.  But at the time, I had just applied and been approved for several revolvers, so I assume that's why.  I will check again in a few months.

 

Re: Capital One, they have a section in the online portal...if you click on your balance right after you login, it's at the very top of the screen when you look at it on a desktop machine.  In their mobile app, it's on the first screen but you have to scroll down.Screenshot_18.pngCapital One Automatic Increase

Message 14 of 14