I had a credit limit of $750 for about 11 months on my Capital One Platinum (the version for so-so credit with $19 annual fee). I thought that it might be time to qualify for a credit line increase but when I called the lady was very polite but checked and said my account was not eligible at this time. 2 questions for you guys.
1) What is the policy/criteria for judging increase eligibility? Do all Capital One credit cards follow the same policy or would I have better luck with one type over another, like the Cash Rewards. I was thinking of applying for it, think if I did I would be given a higher limit than what my Platinum has, the same limit, or a lower limit?
2) Any secrets I should know about to qualify or is it all based on math? If I own my car outright and my rent is low (both of which are the case) should I mention that because it would make me more creditworthy in their eyes? Is it possible to speak with someone in risk management (whatever dept has the power to override the system) and present my case for an increase? Please share any secret tips that the a novice like me doesn't know about.
Thank you in advance for responses. This forum I have found to be an excellent resource!