Tips for Getting Cap One CLI

[ChewieBearStare]

I want to get a CLI on each of my Cap One (Platinum and Quicksilver) cards, but they keep turning me down. The first time I tried, it was because my payments were too small compared to my balances (e.g. I was close to my limit and only paying the min. payment for a little extra each month). I paid off both cards, so I started using them occasionally and then paying off the small balances in full every month (e.g. $40 for a tank of gas or $75 for groceries). When I tried for a CLI again, Cap One denied me. I can't remember the exact reason, but I called and the rep told me it was basically because I wasn't using my cards enough. I started putting a bunch of expenses on the cards each month and paying in full before my payment due date. For example, I charged $703 on month and then paid in full. When I tried to get a CLI, this time it told me that I was denied because recent use of the account's existing credit line has been too high.

 

Any tips? It seems like no matter what I do, they are not going to increase my limit. I want a CLI for two reasons: 1) I want more available credit so that I can make larger purchases without it hurting my utilization. 2) I live 2,000 miles from my family and travel home once/year to see them. I would like to be able to buy my plane ticket on one of my Cap One cards and take advantage of the 1.5% cash back, but my limit is so low that I would either max out the card or not even be able to make the purchase depending on when I purchase the ticket and when I plan to fly (e.g. I am going home for Christmas this year, and the ticket prices are twice what I usually pay).

[bigpoppa09]

Sorry they haven't shown u any love but Cap1 likes heavy usage.

[shifter]

Those excuses sound like red herrings. The real reason they keep declining you is your overall credit profile.

[Konrad2012]

To the OP, it could be two things:

 

1. Your credit might not be good

 

2. You might have applied for those CapOne cards when your credit was poor. In this case, CapOne gave you glass ceiling cards. They are known to do this although they wont acknowledge it. Basically your cards are set in their systems to never be given CLI's or to have low maximum obtainable limits.

 

What is your credit score and what if any negative stuff is on your reports?

[Kat58]

Use 40% of the CL and PIF before the statement cuts. You must do this at least 3 months in a row. Doing for 1 month won't work. If that doesn't work, do the same thing but leave a $5 balance. If that doesn't work, do the same thing but let the whole 40% report on your statement then PIF afterward.

[Joe6805]

Basically your cards are set in their systems to never be given CLI's or to have low maximum obtainable limits.

Ive heard this also. Whats the alternative, close them once the situation improves and reapply, or? I have a Platinum that Ive had since 2010 and am still stuck at $1100...

 

Theyre doing the same to me; increased from 850 to 1100 in December, so had to wait the 6 months which is understandable. Now that it is up though, Im getting a different excuse (same as OPs; too high use/too low payment). Thing is, Ive more than doubled the minimum payment for the last 4 months or more, so not like Im paying the minimum...

 

Thanks,

 

Joe

Edited June 16, 2018 by Joe6805

[cv91915]

I opened a Capital One card under subprime conditions and got a $750 limit.

 

Seven years and eight CLIs later (including a ~3x and a 2x from the Executive Office, when they were still assisting with CLIs) and I'm still only at $17,000.

 

As a point of reference I now have ~$800,000 in revolving across all of my cards. $81,000 is my highest single-card limit, and I have several Amex cards with limits totaling ~$180,000 (plus two NPSL cards).

 

If I applied for a new Capital One card today I'd get an adult limit on the new card, but the paradox is that by the time you have even average credit, most people have LOTS of better options for credit cards than anything Capital One offers.

[Kat58]

 

Basically your cards are set in their systems to never be given CLI's or to have low maximum obtainable limits.

Ive heard this also. Whats the alternative, close them once the situation improves and reapply, or? I have a Platinum that Ive had since 2010 and am still stuck at $1100...

 

Theyre doing the same to me; increased from 850 to 1100 in December, so had to wait the 6 months which is understandable. Now that it is up though, Im getting a different excuse (same as OPs; too high use/too low payment). Thing is, Ive more than doubled the minimum payment for the last 4 months or more, so not like Im paying the minimum...

 

Thanks,

 

Joe

 

My first CC was a Cap One Platinum $300 CL, also in 2010. CL today $$11.5k. First thing to do is PC to the Quicksilver, probably a Mastercard (mine is). Secondly, more than double the minimum payment is still considered too low. You should pay at least 5x the minimum if you can't PIF.

 

Anyone not getting CLI's isn't doing it right.

[TheVig]

For the OP. I started my rebuild June 2015. First card out the gate was a $2000 platinum, followed by a $1k QS a few days later. I beat the shyt out of those cards with heavy usage with multiple PIF during billing cycles. They were generous with CLI one year in, until I hit a $9k wall on the QS. Three years to the month, with a couple of account combinations along the way my QS sits at $19.5k

[ChewieBearStare]

I did apply for both cards when my credit was poor, so maybe I won't get much in the way of increases. My credit isn't great, but it's not awful. I just got approved for a Discover It unsecured card with a limit that is double either one of my Cap One limits. I have one medical collection on my Equifax report (currently trying to get rid of it with Why Chat's HIPAA process) and no collections on TU or EX. Current FICO 8 scores are 631/645/648. Everything is current. My biggest blemish is previous late payments, which all occurred more than two years ago, but some accounts went 90-120 days late when I was hospitalized and had no income coming in.

[shifter]

So as I said previously, your current credit is most likely the reason for the continued denials. Yes in the long run the account being flagged as dirty will prevent larger credit lines. But when you talk about not being able to put a plane ticket on your card, you're well under that threshold and clearly you're stuck in toy card hell. What's preventing you from getting out of toy card hell right now is simply your existing credit. Serious delinquencies hurt for the entire 7 years.

[Joe6805]

First thing to do is PC to the Quicksilver, probably a Mastercard (mine is). Secondly, more than double the minimum payment is still considered too low. You should pay at least 5x the minimum

Thanks, Kat. Only PC theyre offering is to the QS1 card, which still has the same $39 AF that my Platinum does. They said I cant go straight from AF w/no rewards, to a non-AF w/no rewards. Have been waiting to PC becaue I thought I could get an increase soon, and have read that upgrading resets the 6 month counter.

 

This is even with the executive office involved. Know they dont do CLIs anymore, but hoped they could at least get me straight to the regular QS. After waiting at least a month, they finally called me and basically were no help at all.

 

So as Shifter said, could be my overall profile too, who knows. Its getting better, but does have a few serious lates that are just over a year old. Recently was approved for a Discover It card, starting limit is higher than my 8 year old Cap One Platinum card . Planning to use part to BT my Credit One and get it the heck off of my profile. Hopefully itll grow nicely, have heard theyre a bit more generous.

 

Thanks,

 

Joe

[Joe6805]

If I applied for a new Capital One card today I'd get an adult limit on the new card, but the paradox is that by the time you have even average credit, most people have LOTS of better options for credit cards than anything Capital One offers.

Thought about this after I said it, and I think its a good point. By the time Im at that point, Im sure NFCU, Amex, etc. will have something better to offer anyway. Thanks!

[Konrad2012]

If you have 1yr-2yr old lates that are 90-120, you should take everything anyone gives you as a gift.

[Joe6805]

If you have 1yr-2yr old lates that are 90-120, you should take everything anyone gives you as a gift.

Touché.

 

Know they hurt the whole 7 years, but after 2 theyll hurt less?

 

Thanks,

 

Joe

[shifter]

Barely. No real change until 5 years.

 

[Joe6805]

Well that blows lol. Chart says cc, but assume its the same across the board?

 

Thanks guys,

 

Joe

[Konrad2012]

Well that blows lol. Chart says cc, but assume its the same across the board?

Thanks guys,

Joe

Your score might not improve for a couple years, but your underwriting chances will.

 

But yes, with a 120 late you'll never eclipse 740-750 until the day it drops.

[Joe6805]

Your score might not improve for a couple years, but your underwriting chances will.

 

But yes, with a 120 late you'll never eclipse 740-750 until the day it drops.

Thanks guys, appreciate the help here.

 

Not that it matters a ton, but I was wrong about a year; 150 was just over 2 years ago. Had a 60 day on 2 accounts just over 1 year ago, but nothing more than 60 at that time. So still screwed, but not as recently as Id thought

 

Joe

[srloring13]

If you have two Capital One accounts, have you tried combining them? One would need to be a at zero balance to confirm if you are eligible to combine.

 

 

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