Its crazy how capital one give lil to none on credit limit increases....here come navy federal giving out limits like candy pulling the same credit reports😒
thank you! i was waiting for 90 day window before requesting a CLI after being approved on 5/12. i decided to pull the trigger after watching you're vid and was approved for $5000 increase! i was given three options - 1. accept the offer of $5000, 2. request a review for higher limit requested, or 3. request a lower limit than $5000 offered. yes, I am most definitely out of the bucket now lol
@@freddyboss7 yep. Just hold on to it. Get with a credit union or Amex in the meantime and use the cap 1 sparingly and just pay them back in full each month. That's what I do anyway cause I don't care about their little $400 increase after 4 months or so.
Hey Cal. Just discovered your channel. Excellent material. I have a question, Why does FICO ding your credit score more when I close a C.C. account than when a bank closes my account? thanks in advance.
its funny. I had a £200 limit for a year. And I was buying a couple things off amazon and then paying it off a week later. Usually about 50-120 per month. Had a great credit score too. I only got an increase when I spent an entire month just using it for random purchases like vending machines and other small purchases. Feels like a more Quantity > Quality thing. I'm on £800 at the moment and I find myself using it as my primary card for general purchasing. Usually have to pay off 400-500 at the end of the month when I get paid.
My first Cap 1 was a good card. Went from 1500 to 15000 during the time i had it, and I never asked once for an increase. I'm sorry i had to close it. Over a year later i was surprised to get approved for 4k, but even with an increased credit score they still only gave me a 400 increase. It seems I'm in that bucket.
Does your balance have to report to the bureaus for it to count? I don't want want to drop my credit with a 98% util rate, If I pay my balance as soon as it lands on the card but max it out before each payment, would that not count?
Capital one offered to upgrade me to the venture 1 card.But I really don't use my card for miles.Should I make the switch from my capitalOne quicksilver , or should my limit is 3000
Remember guys banks are starting to change because of the interest rates,they don't want credit card collectors 😂useing cards.they want you to use the card and pay it off,they are in this business to make money, not just give there money away 😅
How do they make money if you pay it off every time? The banks aren’t designed to lose money, they dont lose money lending money sometimes they even make more money if you never pay
So I applied for the venture one 2 times within the last 12 mos and got declined. The preapproval tool only offered secured cards lol even with high 700s score and over 100k annual income. Finally got approved last week with a 10k credit limit and it’s a mastercard world élite. Am I considered high o low end customer ? Am I ever getting a CLI ? I don’t think I need more than 10k but I am just wondering
Its crazy how capital one give lil to none on credit limit increases....here come navy federal giving out limits like candy pulling the same credit reports😒
thank you! i was waiting for 90 day window before requesting a CLI after being approved on 5/12. i decided to pull the trigger after watching you're vid and was approved for $5000 increase! i was given three options - 1. accept the offer of $5000, 2. request a review for higher limit requested, or 3. request a lower limit than $5000 offered. yes, I am most definitely out of the bucket now lol
I just did this, and got a increase of 2k. It really does work.
Started with a $2000 credit limit on my Quicksilver card in November 2022. As of March 2024 it's up to $30,000. 🎉
Huge congrats! nice work
Congrats!! If u don't mind sharing how u did this plz let me kno
This is a great explanation to understand the method of their madness
If first 4 of capital one card number starts with 5178 it's bucketed
yup
Goddamn it that was my first card so I can’t even get rid of it 😂🤦🏿♂️
What if it’s 5187😭
@@itznuka2216 I think that's bucketed too
@@freddyboss7 yep. Just hold on to it. Get with a credit union or Amex in the meantime and use the cap 1 sparingly and just pay them back in full each month. That's what I do anyway cause I don't care about their little $400 increase after 4 months or so.
My savor was open for 2 weeks 10k starting limit, and I got a 5k increase after asking for it
What is the credit limit on Capital one Walmart card?
just opened my savor in July 16th with a 3k limit and just now got an increase for 5000 after this video sheeesh
Hey Cal. Just discovered your channel. Excellent material. I have a question, Why does FICO ding your credit score more when I close a C.C. account than when a bank closes my account? thanks in advance.
I think I'm just done with cap one there are better cards out there
@Cal Barton
So you stopped asking for credit limit increases from Cap1 after getting your 2 CLI approvals a year ago?
How about an update on that?
its funny. I had a £200 limit for a year. And I was buying a couple things off amazon and then paying it off a week later. Usually about 50-120 per month. Had a great credit score too.
I only got an increase when I spent an entire month just using it for random purchases like vending machines and other small purchases. Feels like a more Quantity > Quality thing. I'm on £800 at the moment and I find myself using it as my primary card for general purchasing. Usually have to pay off 400-500 at the end of the month when I get paid.
Those people who are considered high end may have high end money in their accounts
You do not have to have the high balance report (this would cause damage to your score). Cap one just wants to see you max or exceed your limit.
but, wont letting the card report with a 70% utilization also lower your credit score, thus creating a negative effect.
negative effect to your credit score but in giving a credit increase they want you to spend more money in hopes you don't pay it off.
Remember if you use your card right use only twenty percent of your balance,eventually you will get a increase.
What if you have a platinum and a Quicksilver and you set them both to pay the payment on the other?
Mess up my utilization?? No thanks 🙂↔️
CapOne not worth it for me. I have cards with better benefits and don’t fight me over increases.
Utilization has no “memory”.
Exactly!
My first Cap 1 was a good card. Went from 1500 to 15000 during the time i had it, and I never asked once for an increase. I'm sorry i had to close it. Over a year later i was surprised to get approved for 4k, but even with an increased credit score they still only gave me a 400 increase. It seems I'm in that bucket.
Does your balance have to report to the bureaus for it to count? I don't want want to drop my credit with a 98% util rate, If I pay my balance as soon as it lands on the card but max it out before each payment, would that not count?
I’m one of them hold me hostage
Great info. Thanks.
I’m still at 500 bucks can’t get no increase
Capital one offered to upgrade me to the venture 1 card.But I really don't use my card for miles.Should I make the switch from my capitalOne quicksilver , or should my limit is 3000
I would just apply to the venture x separately that welcome bonus is pretty nice
I have this card. But will your other inquiries keep you from getting an increase??
The requesting of your cheat sheet shows that any email you put in “ this value seems invalid”. Just thought, I’d let you know
Remember guys banks are starting to change because of the interest rates,they don't want credit card collectors 😂useing cards.they want you to use the card and pay it off,they are in this business to make money, not just give there money away 😅
How do they make money if you pay it off every time? The banks aren’t designed to lose money, they dont lose money lending money sometimes they even make more money if you never pay
So I applied for the venture one 2 times within the last 12 mos and got declined. The preapproval tool only offered secured cards lol even with high 700s score and over 100k annual income. Finally got approved last week with a 10k credit limit and it’s a mastercard world élite. Am I considered high o low end customer ? Am I ever getting a CLI ? I don’t think I need more than 10k but I am just wondering
Was it a recon? Or was it a few months later
Gonna drop 700 on my savor and let it report.
No, don’t do that. Just pay it once you spend it. They can see this internally.
@@trayon4reel Thanks, letting it report didn't do anything.
Sooo unblurr the tricks buddy
Bro I went from 1k to 6k 3 months
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Can we request for CLI and apply also for new credit card? Cap1 been sending me email preapproval for QS. Thanks.