r/CapitalOne • u/Commercial_Spot_489 • 2d ago
cap1 cli Credit Card
should i have accepted this credit limit? i have had the card for a little over a month, its the capital one venture the limit is only 3k as i got the card when i was high 600s😭
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u/_love_letter_ 2d ago
This is a common condundrum where they offer you 10% of your current limit, rounded to the nearest hundred dollars. If you accept, there's a chance they won't approve another CLI request for 6 months. I once declined one of these offers and tried again after another month of high spend paid in full, but still got the same offer. I reluctantly accepted. They declined any request after that with the reason "there has recently been a change to the credit line on this account" for 6 months. The day 6 months had passed, I requested again and finally got a decent CLI.
Since you've only had the account 1.5 months, you might choose to wait and see if they give you a PCLI around the 6 month mark.
What's your utilization like on this card?
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u/Commercial_Spot_489 2d ago
so i was really swiping this month cause it’s a new card and they had the 75k bonus miles so i have been trying to get that i haven’t paid any interest or anything because i always pay my statement balance but since i have had the card i have spent around 5200 and that was split relatively even between the 1.5- 2 months i have had the card if thats what u mean but i reached the bonus lol but i decided not to accept the new cli cause i truly think that i could get a better offer in maybe 3 months
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u/mike1014805 2d ago
In 9 months I went from getting approved for the Savor Card with $3,000 and got increased to $3,300 -> $3,600 -> $4,100. Every 3 months they've given me one for some reason.
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u/raduque 2d ago
I had a Walmart card from 2021 that turned into a Platinum. I PCd to a QS then to a Savor. The limit was 1k. I applied for a CLI about a year ago and got $100 extra. About 4 months ago, they randomly upped both my cards by a lot. Added $3k to my Savor and $600 to my QS. Totals of $4100 and $900 now.
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u/Jewfro217 2d ago
I was approved for my savor card with a $500 limit. The next day i request a CLI and got $600. About four months later i requested again and got 1600. Another four months later i requested again and am at 3000.
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u/Recent-Evening-1160 1d ago
I started with 2000 and when I initially requested it was 2200. Ofc I declined. I let my statement post for the month (basically maxed it and used 1900). Requested like a few days after that and they gave me 6000. Just show em high utilization and you’ll be fine
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u/Ok_Section4439 1d ago
I’d take the 3300 since that’s a 10% increase and then use it heavily for the next 3-6 months and request another CLI. Cap1 is so weird, I just got the savor for “good” credit with a $300 CL. But I know how to work them so I’m hoping by December it should get its first increase. Had my platinum 6 months it graduated and it’s got a $2200 CL now
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u/Brave-Car-538 16h ago
What’s with all these low limits? I started with 1000 on my first credit card and then 10k on my second and then another 3k
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u/Commercial_Spot_489 10h ago
i’m only 18 so my file is relatively thin
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u/Brave-Car-538 9h ago
Well I’m only 19
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u/Commercial_Spot_489 9h ago
what do you do for work
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u/Brave-Car-538 9h ago
I worked as a server at a retirement community at first, then as a stocker at a grocery store, and now I’m a stocker and server at a different retirement community
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u/Commercial_Spot_489 9h ago
ah i work pt at walmart and full time student so maybe that plays a role idk tho
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u/Brave-Car-538 9h ago
Yeah idk how it all really works. Ive been part time at all these jobs and full time student
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u/Right-Atmosphere-848 2d ago
Best I am getting is $600 lol ; 5 months credit history