CO Auto CLI

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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RonJonson
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CO Auto CLI

Postby RonJonson » Mon Dec 09, 2013 5:24 pm

So I just logged into my Capital One account to pay my bill and noticed a CLI. This will be my one year anniversary with the card which had an initial CL of $3,000. When I logged in today it shot up to $6k. I'm rather surprised at such a jump but it's welcomed I guess. I'm curious to see what effect this will have on my credit score.
Wells Fargo Platinum - $10,500 - 11/2004
Citi Forward - $5,000 - 10/2012
Chase Freedom - $3,900 - 10/2012
Capital One Quicksilver (Formerly Cash Rewards) - $6,000 - 12/2012
American Express Hilton Honors - $3,900 - 1/2013
Barclaycard Arrival World MasterCard - $5,000 - 11/2013


MemberSince99
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Postby MemberSince99 » Mon Dec 09, 2013 5:57 pm

Nice increase. Seems like Cap One is better than Discover these days.

daniel2304
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Postby daniel2304 » Mon Dec 09, 2013 7:48 pm

I don't think any negative effect on your credit score will be taken in place. Credit card issuers usually pull credit report to screen and send out advertising, check their members' scores etc, and those are soft-pulls. Soft-pull do not affect your score.
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

CC Deville
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Postby CC Deville » Mon Dec 09, 2013 9:05 pm

daniel2304 wrote:I don't think any negative effect on your credit score will be taken in place. Credit card issuers usually pull credit report to screen and send out advertising, check their members' scores etc, and those are soft-pulls. Soft-pull do not affect your score.


I think he means more from a debt to credit ratio perspective. Adding $3K to available credit can help if you are carrying a balance to reduce the ratio of debt to available credit. If you are not carrying any balances the increase won't really do anything.

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jumbo
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Postby jumbo » Mon Dec 09, 2013 10:00 pm

Congrats on the auto CLI. Thats by far the highest limit I have seen on a CO card. I have had a CO card (now Quicksilver) from 2010 and the limit is 2.5K. And I had to email the corporate office to increase the limit from 1.7K to 2.5K.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card

daniel2304
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Postby daniel2304 » Mon Dec 09, 2013 10:16 pm

CC Deville wrote:I think he means more from a debt to credit ratio perspective. Adding $3K to available credit can help if you are carrying a balance to reduce the ratio of debt to available credit. If you are not carrying any balances the increase won't really do anything.


Oh, I was talking about the negative side. And it should be clear that even though you do not carry balances by paying in full every month, the balances on your statement still count on your ratio debt-to-credit
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

RonJonson
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Postby RonJonson » Mon Dec 09, 2013 10:33 pm

Yes I was referring to a positive return on future credit reports. I have been fortunate enough to be able to pay all balances in full for the past few years. For the last year or so I typically pay all current balances every week. I know that's not going to help my reports at all but it helps me keep track of my spending habits.
Wells Fargo Platinum - $10,500 - 11/2004

Citi Forward - $5,000 - 10/2012

Chase Freedom - $3,900 - 10/2012

Capital One Quicksilver (Formerly Cash Rewards) - $6,000 - 12/2012

American Express Hilton Honors - $3,900 - 1/2013

Barclaycard Arrival World MasterCard - $5,000 - 11/2013



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