Capital One VentureOne Approval and QS CLI

Hey folks, So today marks my 4th months since opening my Quicksilver card so I decicded what the heck and went ahead and hit the CLi button wasnt expecting anything seeing on how discover keeps denying me CLI's but to my surpise i got a $1k increase. Bringning me up to $4,000! That was my highest limit card for a total of 6 hours. I got greedy and I decided to check Capital One's preaproval site and I saw I was Pre-qualified for a venture and venture one. Applied for the VentureOne cause I wouldn't spend enough to justify the annual fee on the venture. And bam approved for $5,000. Also, to top it off, its my first Visa Signature! Think I finally broke the $5,000 glass ceiling for me.

alexandermodern wrote:
Hey folks, So today marks my 4th months since opening my Quicksilver card so I decicded what the heck and went ahead and hit the CLi button wasnt expecting anything seeing on how discover keeps denying me CLI's but to my surpise i got a $1k increase. Bringning me up to $4,000! That was my highest limit card for a total of 6 hours. I got greedy and I decided to check Capital One's preaproval site and I saw I was Pre-qualified for a venture and venture one. Applied for the VentureOne cause I wouldn't spend enough to justify the annual fee on the venture. And bam approved for $5,000. Also, to top it off, its my first Visa Signature! Think I finally broke the $5,000 glass ceiling for me. Congrats!

Similar Messages

Capital One Venture Approval and Lowes Approval after verification

Capital One applied July 16th didn't get a decision until July 27 (that's when letter is dated, but I just found out today when it came in the mail). Originally asked me to fax documents, then said documents were too dark and needed to re fax, then EO wanted me to email documents, then I got a denial letter that I couldn't retrieve, reps said it was because they couldn't identify me, theeeeeeeennnnnnnn they said EO never sent them my IDs that I emailed. I have active military ID, drivers license and vet ID from my last deployment. Still weren't good enough. So I was resolved to accept the denial and close my accounts (have investments, and savings with them as well as QS One and secured card). I told EO department this through email. So needless to say, the letter I received today stated I had been approved for 10,000. I previously worked for Capital One and I know that if you have a certain amount of money with them they automatically can recon your account if you ask but I didn't meet that threshold. However, I think they approved me to keep me as a customer. (come on, I used to work there, sent in two IDs, a SS card and randomly a birth certificate and you still deny me due to not being able to identify me lol) Just glad that's over. Bought some appliances for my mom and applied for lowes card. Was hoping to convince the rep to let me use military discount with 5% everyday. after having to call verification team (this again..) I was approved for SL of 2000. I will ask for higher CL tomorrow. So after much stress to prove i'm not jimmy joe from down the street, I did okay LOL.

ImaginaryFriend, I burned them in 2009 and they've approved three cards for me so far this year.

Capital One VentureOne Approval- How long until card is received?

My husband applied for a VentureOne card on June 20th and was apporved, but the screen just said "Congratulations, you're approved!" and it did not show a limit or APR. It did say we would receive the card in 7-11 business days. He chatted with a rep online who told him the credit limit, $20K. 5 business days later, he received a letter saying congrats, the limit, and the APR, but it said the card was coming in 2-3 weeks. He called a rep again and she just said he should have it in 7-11 business days. Today its been 7 business days, no card as of today. Just wondering if anyone else is or was in the same boat and when did you actually receive the card. We're leaving for vacation tomorrow and it would have been nice to have that card with us!

Icheeky_mamie wrote:My husband applied for a VentureOne card on June 20th and was apporved, but the screen just said "Congratulations, you're approved!" and it did not show a limit or APR. It did say we would receive the card in 7-11 business days. He chatted with a rep online who told him the credit limit, $20K. 5 business days later, he received a letter saying congrats, the limit, and the APR, but it said the card was coming in 2-3 weeks. He called a rep again and she just said he should have it in 7-11 business days. Today its been 7 business days, no card as of today. Just wondering if anyone else is or was in the same boat and when did you actually receive the card. We're leaving for vacation tomorrow and it would have been nice to have that card with us! I apped for both Ventue and Quicksilver same day, I also received a letter 5 days later saying congrats and limit on both cards. I received the Quicksilver card yesterday, which I apped after Venture but still no Venture as of today.,

Difference between one step approval and N-step approval?

Hi Experts,
Can anyone tell what is major difference between one step approval and N step approval?
I guess its only one person will approve incase one step approval and where as in the N-step approval a shopping cart can be approved by many users under some prerequistes right??
can some one provide me some hints on this.....
how does it make a difference in workflows and how to mantain the settings for this in the SPRO. for this one to setup a one-step and N-step approvals. what are points to be taken care while setting up this?
Please can some one clarify me on this
Regards
Sairam.
I

Hi,
1 step approval - Number of approvals will be 1
n step - number of approvals greater then 2(since std approval workflow present till 2 level)
The general customising steps for Workflows apply to both of them (like SWU3 customising.event linkage etc) but other then that for,
1 step approval -
-->Need to activate the starting conditions
-->Agent assignment to be done seperately for the Approval task
(Also the N step workflow can be used as 1 step workflow with number of approvals being set to 1 through the Logic in the badi.)
N step approval -
-->to be implemented through BADI BBP_WFL_APPROV_BADI .This BADi actually determines the Agents/approvers for the workflow.
-->As per my exp,this workflow is very unstable and for few updates,you may have to apply number of notes(e.g. Approval status not updated properly,graphical preview not visible properly etc)
BR,
Disha.
Do reward points for useful answers.

Capital One Automatic 6 Month 3X CLI

So I opened a Quicksilver card on 01/01/2015 after receiving some love letters from capital one. Last one even said they would guarantee a CLI after 6 months of good behavior. Apped, and got approved for the Visa Quicksilver with a $1000 CL. Fast-forward last Monday, Cap One came through and gave me a $2000 CLI.Has anyone else experienced the same with Cap One? What was your initial limit and consequential 6 month CLI?

I had two Cap1 that I opened two years ago, the inquiries just fell off all my reports lol. Anyway I was approved for a Platinum MC at $1000 and a $500 QSMC. They were both in the credit steps, the Plat got bumped to $1500 and the QSMC got bumped to $750. In January I got a $100 CLI on the QSMC, and a couple weeks later in Jan, got a $3500 CLI on the Plat to bring it up to $4500. I chatted and got it converted to a Quicksilver MC and also closed the QSMC account (which still had an annual fee). The Platinum card, even as a Platinum card never had an AF. The 6 month mark from my last CLI is on the 29th of July and I hope to get another nice CLI. I've been using the card pretty heavy too, As my NFCU Flagship statement is about to cut I switch my daily spend to the QSMC. That way I can let the NFCU Flagship report at zero. At the beginning of the month I'll pay off the Cap1 card to zero and switch by back to Flagship card. I figure the extra spending on it will make Cap1 happy and give me another nice CLI Oz

Capital One Spark Approved

Been in business since 9/2014Started working on business credit April 2015 I have 3 net 30 accounts Reliable Quill Amazon ( Net 55 w/ $ 6500 limit PIF) 690 Score across the board / No baddies just high limits60% utl Approved for Capital One Spark $ 500 limit Denied for : Amex Simply Cash and Chase ink Reaseon : High limits * Will Try Again in January Any one know how Cap 1 is with Business CLI ?

kymanicreditlady wrote:
Been in business since 9/2014Started working on business credit April 2015 I have 3 net 30 accounts Reliable Quill Amazon ( Net 55 w/ $ 6500 limit PIF) 690 Score across the board / No baddies just high limits60% utl Approved for Capital One Spark $ 500 limit Denied for : Amex Simply Cash and Chase ink Reaseon : High limits * Will Try Again in January Any one know how Cap 1 is with Business CLI ? I just got an invitation letter w/code in the mail today. I'm thinking about it, the 2% rewards is pretty nice, but I especially liked the $500 cashback for charging $4500 in the first 3 months - how in the world are you supposed to charge $4500 in 3 mos with a $500 CL?

Chase Freedom Card Approved and BofA CLI

Hey everybody, Saturday night I hit the apply button for Chase Freedom (also Hyatt, but I don't think that app went through), and I hit the luv button on BofA. Neither was instant and I was quite nervous about it. Apparently both saw an alert I had placed (Chase apparently bypassed it for my Slate last month). Called Fraud dept for Chase today, answered a few questions and the lady approved, didn't tell me CL or APR though. She said she can send out my card in 2 business days. Then I got on the horn with BofA. I told them I had submitted CLI request online but got no response. Due to alert and my card not reporting to TU, she had to pull EX after I answered some questions (grrr on the double pull). She saw I requested a $10k limit on my currently $1k card. I also asked for APR reduction. She crunched her numbers and said she would be happy to raise my CL to $7.5k, but unfortunately there wasn't a better APR offer for me. She said sometimes it due to the original terms of the card and sometimes it's necessary for a whole new application to correct that. I told her I'd accept the CLI, but would have to think about applying for a new card. I'll let my reports age a little before I do. Should I hold off on Hyatt and another BofA card at the moment? My util is a little higher than id like it to be, but I'd want to take the AAoA hit at once. Anyway, I'm glad these two were approved.

B335is wrote:
Congrats Cain! Chase should be able to tell you the limit or if you're existing customer look for the acct online.I saw the numbers, was a bit disappointed, but I got the card and in time to qualify for the signup no less. I'll worry about the rest later. So I have Slate and Freedom now with chase after being shutout for a while, I will tidy up the reports a bit more before going for a co-branded card to sorta replace my HHonors AmEx. I was leaning Hyatt, but now I'm seeing IHG might be good one too. Hehehe

Capital One low CLI, options and questions...

I opened my first credit card in January 2011. It was an Orchard Bank MC that was later sold and converted to a Capital One Platinum MC. A few years later (not sure) it was converted to the QS MC. Since I opened this account I have never missed a payment or had any negatives on my report. I got my last CLI 6 months and a few days ago. Because I have open 6 new credit cards in the past 2-7 months and meeting spend requirements I haven't been using the card much at all. I created a spreadsheet to calulate when I could request another CLI. 180 days after my last. On day 180 I requested one and was declined because of low payments. The card had a ~$500 balance a couple months ago that I paid off so the reason didn't make sense. I figured the reason was lack of recent usage. So for the past few days I have been using the card and requesting daily. Today it finally approved me for $400 to bring my limit to $3900. I was really hoping for at least $1500 so it could be a WMC as I have a VisaSig. The increase and limit bothers me as its my oldest revolving account.
I have the following cards...
1/11 C1 QS $3900
2/13 BoA BBR MC $5000 (BBR can't be WMC they say)
1/15 C1 QS $3500
1/15 Barclay Rewards $1000
2/15 AMEX ED $9000
3/15 Chase Freedom $4500
4/15 Citi DiamPref $1500
5/15 Disc It Secured $500 (really secured but wanted the card, best card I got IMO)
5/15 BoA 123 VisaSig $5000
Also to note...
12/14 Mortgage $59k/$64k (double+ pmts)
4/15 Shared Secured Installment 352/500 (to max mix)
2/15 Victoria Secret 0/500 (big regret)
FICO08 EQ 680 TU 700 EX 698
My question is was it a mistake to accept the low CLI now? Should of just contacted the EO for a manual review? Can I still do that or will I just get the line you got a CLI a day ago and gotta wait? Would they possible let me combine my 2 capital one cards ($3900 and $3500) into one card if they won't give me an addition $1100 increase for a WMC? I've had contact with the EO before and got the number; better to email or just call?
Sorry if this scramble, unorganized, grammar, etc as this is the 3rd time I've written it as the page times out and I lost it.
So to recap my questions...
Does me accepting the low $400 CLI to $3900 today prevent the EO from possibly giving me a higher CLI?
Can you combine your limits on 2 cards into one? Would combine the newer card to the older one to keep my oldest CC open.
Any experiences you had with similar issues.
Thanks in advance for your time and responses.

As I've experience with capital one (capital one platinum) is that they DON'T give out many credit limit increases. I had my crapital one card since '09 and started when I was in rebuilder mode. Flash froward to present day and you can look at my siggy that I've come pretty far. High 700's and major credit cards in my wallet with some in the 10k plus and crapital one only gave me two CLI during my '09 to July 2015 loyalty to them. I felt I was capped at 2k after numerous emails to the EO. Don't sweat capital one and just use them for the history while you get better cards imho

Rebuilding help- need tips for Capital One Accounts

Hi- Thank you all for all the wonderful information, you make rebuilding seem so easy and attainable! I never realized all the different versions of scoring, how to do debt validation, get errors removed from my report and where to focus my attention. Just 2 months ago my scores ranged between 556-580, today they range from 600-611 so little improvement over the last couple months. Here is the situation I am in. I have 3 capital one cards, 2 of which are platinums with $500 limits and 1 is the old Orchard Bank card w/$300 limit. These cards are 6-8 years old. I also have a Fingerhut account w/a $1650 limit, totalling $2950 in credit of which $640 is in use so utilization should be about 22% (making a little more headway on this util each month). I have been 100% ontime w/Fingerhut for the last 2 years. 100% on time w/my auto loan for the last 36 months and almost always on time w/Capital one except for 3 months Sept-Nov in 2014 where I went over my balances and accrued over limit charges that brought my minimum payments up. Technically I was still on time but the $50 a month per card I was giving them wasn't enough for the min payment. I was in a tight situation at the time, they reported those 3 months as late for all 3 cards. I went years before this paying 100% on time every month but always carrying a high balance so they never increased my limits earlier even though payment history was good. Now that my utilization is down and its been 8 months since the Capital one dings, I applied for CLI's on these cards and received letters denying the increases as they said tehse late payments are too recent. I read that a lot of people have success w/CLI's after about 6 months. I've called twice to see if they would good will any of those late payments, I was shot down immediately the first time, the 2nd time I had a nice woman but she wouldn't budge either, she politely told me she went back and looked at those statements and I was indeed not meeting the minimum payments & the only thing she could do was to mail me hard copies of those statements. I really only have 1 major collection on file thats affecting my score for a little over $1000 w/a CA that I've never heard from via phone or mail yet they are accruing charges each month. It showed up in my file late in 2014 for a card that went delinquent on about 2.5 yrs ago. I haven't decided how to handle this collection just yet, PIF right now is not an option for me so before I figure out how I want to approach this I thought I'd try to make some headway w/Capital one first on my limits andutilization. Does anyone have any recommendations? I've lowered my utilization while still using the cards frequently, just paying down more and paying on time but am getting nowhere on goodwills or CLI's and persistence is not my strong suit. Do you recoomend I wait until I have a full 12 months of on time payments before I try again? I did prequal for the QS card but am afraid if I submit, I'll only get rejected for the same "recent late payments" that they rejected my CLI requests for even though they are going on 9 months old.... Does anyone have luck w/a new Cap 1 card while not having luck w/CLI's? Should I try for another card, Anybody get accepted for Barclays card w/low 600's score? I only have 4 inquiries on my file right now. 1 is old, should drop off next month, the other 3 were recent apps for a rental property, no inquiries from credit cards in 2 yrs. Thanks in advance for any advice!!!

Cam0215 wrote:
Hi- Thank you all for all the wonderful information, you make rebuilding seem so easy and attainable! I never realized all the different versions of scoring, how to do debt validation, get errors removed from my report and where to focus my attention. Just 2 months ago my scores ranged between 556-580, today they range from 600-611 so little improvement over the last couple months. Here is the situation I am in. I have 3 capital one cards, 2 of which are platinums with $500 limits and 1 is the old Orchard Bank card w/$300 limit. These cards are 6-8 years old. I also have a Fingerhut account w/a $1650 limit, totalling $2950 in credit of which $640 is in use so utilization should be about 22% (making a little more headway on this util each month). I have been 100% ontime w/Fingerhut for the last 2 years. 100% on time w/my auto loan for the last 36 months and almost always on time w/Capital one except for 3 months Sept-Nov in 2014 where I went over my balances and accrued over limit charges that brought my minimum payments up. Technically I was still on time but the $50 a month per card I was giving them wasn't enough for the min payment. I was in a tight situation at the time, they reported those 3 months as late for all 3 cards. I went years before this paying 100% on time every month but always carrying a high balance so they never increased my limits earlier even though payment history was good. Now that my utilization is down and its been 8 months since the Capital one dings, I applied for CLI's on these cards and received letters denying the increases as they said tehse late payments are too recent. Once you get nine months out from the last late payment on the account (not just a reported 30, but service charge late) they will allow a CLI if your scores are high enough. I read that a lot of people have success w/CLI's after about 6 months. I've called twice to see if they would good will any of those late payments, I was shot down immediately the first time, the 2nd time I had a nice woman but she wouldn't budge either, she politely told me she went back and looked at those statements and I was indeed not meeting the minimum payments & the only thing she could do was to mail me hard copies of those statements. Yeah, Cap One is pretty strict with their reporting. I really only have 1 major collection on file thats affecting my score for a little over $1000 w/a CA that I've never heard from via phone or mail yet they are accruing charges each month. It showed up in my file late in 2014 for a card that went delinquent on about 2.5 yrs ago. I haven't decided how to handle this collection just yet, PIF right now is not an option for me so before I figure out how I want to approach this I thought I'd try to make some headway w/Capital one first on my limits andutilization. Does anyone have any recommendations? Is the OC also reporting that delinquency? If so are they showing an unpaid balance? With Cap One, they like to see heavy usage, and low reported balances. Keep requesting CLI's online until you get some joy - you just need to get far enough away from those lates. I've lowered my utilization while still using the cards frequently, just paying down more and paying on time but am getting nowhere on goodwills or CLI's and persistence is not my strong suit. Do you recoomend I wait until I have a full 12 months of on time payments before I try again? I did prequal for the QS card but am afraid if I submit, I'll only get rejected for the same "recent late payments" that they rejected my CLI requests for even though they are going on 9 months old.... Keep trying every month - use the online link for it, don't call them. Don't worry about CLI denials, they won't be held against you in any way. JUst keep plugging away and check the denial reasons. I was getting the same thing all last year until Jan when I sarted getting "score reasons", then they tripled my limits in Feb. Does anyone have luck w/a new Cap 1 card while not having luck w/CLI's? Should I try for another card, Anybody get accepted for Barclays card w/low 600's score? I only have 4 inquiries on my file right now. 1 is old, should drop off next month, the other 3 were recent apps for a rental property, no inquiries from credit cards in 2 yrs. Thanks in advance for any advice!!! Right now you would only qualify for the "average credit" level Cap One cards, and they are an auto-deny for having two or more cap one accounts already. (its stated in the disclosures), so do not app for any more Cap One cards until scores are in the high 600's - then app for the "excellent credit" cards. Since you have a long history with the cards, you might try Barclays (I was approved for Barclays with 618 TU score), but wait until your last 30 day late is over 12 months old.You're actually doing fine, just need to move out a bit from those lates that occurred last year. You might also call and get them converted to QS/QS1 reward cards.

Capital One official sponsors of my sock drawer.

So I have this cobranded cap1 card (union plus card). Over 18mo old with the same crappy 1k limit. Tried for a cli a while back no go. Denied because of a "lack of experience with current CL" LMAO with a 18k Amex and 8.5k discover I found it rather amusing. Ever since the luv button stated a required HP, since I was in the mortgage process I never bothered. Closed on my house last Friday, I figure what the heck,
I'll give it a go. Tried for 4000 probably should have went higher...congratulations new limit 1200. $200 for a HP, you have to be kidding me, can't wait to see what BS the 7-10 day letter says.
Back to the drawer, I'll use it for a new pair of socks in 6mo.
Can't they be honest with their reasons. I know it gets very little use but with a 1k limit and 19% APR why would it. Where's the competition.

OpenG wrote:
*Update *
Finally received the 7-10 day explanation letter. I asked for 4k the letter basically states that $200 is "the most they can offer". Wow this takes conservative to a whole new level. $200 after over a year of having this acct, just think in ten years a could have a 3k limit.
I'm thinking it may not have been a HP after all, as the letter didn't include a CS or the free report option. So that's good. Just wish I had a more useful limit. I'll try again soon and see what happens.If it wasn't a hard pull, then go onto Capital One's site and apply for Venture and Quicksilver - same day should be one set of pulls (no guarantees here)

Capital one blacklist

I've lurked on these forums a while but have not posted so here's my introduction: Hi!. I filed for chapter 7 this year, was discharged a month ago. I applied for a capital one card yesterday and got a message that they could not approve me due to a bad account history with them. I burned them for about $5000 on a car loan after not reaffirming and turning the car back in, and also for about $5000 total spread over three seperate credit cards. They did not even pull a credit report, just denied me flat out citing past history. My Equifax FICO is 620, I have 4 student loans reporting pays as agreed and never late. I'd like to get back to the good credit I had before I started having financial trouble two years ago when my job went through a series of terrible HR people who decided to pay me less than I was owed, and demanded the previous "overpayment" back. It took two years to convince them I wasn't being overpaid.. I know Capital One probably doesnt care about that and just wanted their money, but I digress...... Any ideas when I should apply again, or if I should at all? What next? I'd like to buy a house in a couple of years.

notpaul wrote:
I've lurked on these forums a while but have not posted so here's my introduction: Hi!. I filed for chapter 7 this year, was discharged a month ago. I applied for a capital one card yesterday and got a message that they could not approve me due to a bad account history with them. I burned them for about $5000 on a car loan after not reaffirming and turning the car back in, and also for about $5000 total spread over three seperate credit cards. They did not even pull a credit report, just denied me flat out citing past history. My Equifax FICO is 620, I have 4 student loans reporting pays as agreed and never late. I'd like to get back to the good credit I had before I started having financial trouble two years ago when my job went through a series of terrible HR people who decided to pay me less than I was owed, and demanded the previous "overpayment" back. It took two years to convince them I wasn't being overpaid.. I know Capital One probably doesnt care about that and just wanted their money, but I digress...... Any ideas when I should apply again, or if I should at all? What next? I'd like to buy a house in a couple of years.Cap-1 typically only BLs for one year post CO date. Since you filed BK the month of the filing is most likely what they will use before they will even evaluate you for new credit.

CAPITAL ONE - Do my eyes deceive me !?!

Hey all!! So tonight, I apped for three Capital One cards for laughs ... I have a good portfolio now, but my score (EX) is still hovering at 590. I have a Credit One card @ $400 (20% UTIL), a Barclay Apple Visa for $3,000 (90% UTIL for 0% interest), a Western FCU VISA for $1000 (10% UTIL), and a CareCredit at $3,000 (45% UTIL, 0% INTEREST). I also burned Capital One in 2012, and thought for sure I'd be denied tonight. SHOCKINLGY I was approved for 2/3 cards!!! I got $500 on the Platinum and $500 on Quiksilver !!! Not huge, but I dont plan on using them except to up my overall credit limits, helping my UTIL. Does CAP ONE have a LUV BUTTON? I'd like to see those CLs go up, seeing as the rest of my profile is higher. I was stunned. Is this typicla CAP ONE behavior to forgive burned bridges? That is unpaid btw, as I am still debating the fees!! The one delcined was the VENTURE. Any and all input would be appreicated here!! I am still kind of in shock. My scores across the board are: TU 601 EX 590 EQ 554 :-) Rebuilding, on and UP!!!

Joeyzoom416 wrote:
Hey all!! So tonight, I apped for three Capital One cards for laughs ... I have a good portfolio now, but my score (EX) is still hovering at 590. I have a Credit One card @ $400 (20% UTIL), a Barclay Apple Visa for $3,000 (90% UTIL for 0% interest), a Western FCU VISA for $1000 (10% UTIL), and a CareCredit at $3,000 (45% UTIL, 0% INTEREST). I also burned Capital One in 2012, and thought for sure I'd be denied tonight. SHOCKINLGY I was approved for 2/3 cards!!! I got $500 on the Platinum and $500 on Quiksilver !!! Not huge, but I dont plan on using them except to up my overall credit limits, helping my UTIL. Does CAP ONE have a LUV BUTTON? I'd like to see those CLs go up, seeing as the rest of my profile is higher. I was stunned. Is this typicla CAP ONE behavior to forgive burned bridges? That is unpaid btw, as I am still debating the fees!! The one delcined was the VENTURE. Any and all input would be appreicated here!! I am still kind of in shock. My scores across the board are: TU 601 EX 590 EQ 554 :-) Rebuilding, on and UP!!! Congrats and all but you do realize 3 capital one apps means a total of 9 hard pulls will be taken?
Technically some people get lucky and the pulls are combined, but it's possible you could end up with all 9! I also don't get why you'd want a Platinum if you got a QS.

Capital One 5 day hold on payments.

I was using my capital one card like normal running somewhat of high balances and then paying them right off. I always pay on time and I always pay before the statement closing date. However, paying the card off in full before the statement closing date seems to trigger some sort of hold for five days. I'll be calling to get the hold removed as soon as the ACH payment shows up on my bank account.
The reason I always pay in full before the statement closing date is because I don't want Capital One to report a 100% credit utilization for the month to the credit bureaus.
So now you can see how a five day hold would throw a wrench into my plans.
Here's the thing though. Once I scheduled the payment, Capital One's accounts show 0 balance on the card, but a 0 available funds on the card as well, while its in this 5 day hold limbo.
Well, here comes the statement closing date, on a *Monday (see edit). So what the heck is going to be reported to the credit bureaus?
Will it be a 100% credit utilization? Will it be 0% credit utilization?
Either way, it's not good. I would be better off paying a lower amount to see if there was a chance that it would be processed in a timely manner.
However, I can't do that during the 5 day hold. I can only do that once the 5 day hold is over.
If the payment hasn't been processed then I can only assume that they will report a credit utilization percentage of 100 percent. Like I spent.
What do you think? I'll be waiting as the weekend passes. Then, I'll call in on Monday; the day of the statement closing date. I might be able to get the hold released, push the payment through by the end of day. And then I will have a low balance reported to the credit bureaus. I'll have all A's on my credit score. edit: a mistake was made earlier in this post. the statement closing date is actually on a Sunday. So it's too late to try to push a payment through now. It's going to report as it was on that day.
UPDATE: It's Monday. I woke up at 6am and everything worked out perfectly. Capital one was happy to release the funds it took all of 5 minutes, and now I'm back to a card with a full balance.
UPDATE 2: 12:00 PM on Monday, the statement came in. It went just about as perfectly as possible. I'm all set with Capital One and my statement, everything is paid, and it correctly reported to the agency. Under 10% of my limit with full credit availability. I got an A.

motoleo wrote:
^ (Gasp) I can't have that happen to me. I can't have them report a 98% (105% in my case) utilization ratio! It mustn't. I have no other cards. This is my only card. It's just a platinum. The limit was just increased to 500 dollars. I never had any returned payments until they did the 5 day hold. You really don't know where the money is because everything is always pending.Are you waiting until the statement closing date to time your payment, or only few days ahead of statement closing, and making that one payment per month? That's a knife edge you are dealing with. On a $500 card, I'm all for maxing that puppy out and then PIF by the payment due date, but that presumes one stops using the card before the limit. If you are using this as your main spend vehicle, that is fine. You need to pay it more often. When you get to $250, set up an immediate payment on Capital One's site to pull the $250 from your bank account. That will take a few days to clear, meanwhile you continue to charge on the card. When you have charged another $250 of spend on the card, log on and schedule another payment to pull from your bank account. Alternatively, on Saturday, look at what is in your Capital One Open Balance, and schedule a payment to pull from your bank account to pay it on Monday. Let those balances report, whatever they are. You may think a $500 statement balance is a Bad Thing? It is not. Over the course of time, when you show that you can report those kinds of balances and PIF, then you will start to get better cards, to give yourself breathing room. And +1 to the comments that you can't allow these payments to be returned. Ever. When you commit to a payment going to your credit card, you no longer have those funds available in your checking account. As another alternative, open a checking account at Capital One. This will provide the instant payment from your checking to your credit card that you want to see. Good luck!

Capital One Suddenly Generous with CLIs

A few week back I used the 'luv' button to request a CLI for my QuickSilver One Mastercard (which I will likely close if they don't help out with the annual fee - but that's in a different thread) and was pleasantly surprised when they gave it a $1000 increase - more than 50% of the previous limit. I have a QuickSilver Visa Signature I intend to replace it with that has a SL of $5K. Just a few days ago, the 4th statement was generated so I figured what the heck, let's hit the button and see what happens on the Visa, not expecting much especially since I had such good luck just a few days ago with the other card. I was immediately offered a $2K increase, making the new CL $7K I know there's been reports of folks getting Venture cards with nice SLs, but this post is regarding CLIs on existing accounts. My poor MasterCard with them struggled for years to even get a $200 increase, much less an increase in the thousands. Are they finally realizing they have been leaving money on the table by forcing customers to other banks, or do you think this is just a 'fluke'? I'm not one to question good luck, but I figure I'm among friends here, so I'm reaching out to see what you think.

Littlewing745 wrote:
UncleB wrote:
Littlewing745 wrote:
UncleB wrote:
A few week back I used the 'luv' button to request a CLI for my QuickSilver One Mastercard (which I will likely close if they don't help out with the annual fee - but that's in a different thread) and was pleasantly surprised when they gave it a $1000 increase - more than 50% of the previous limit. I have a QuickSilver Visa Signature I intend to replace it with that has a SL of $5K. Just a few days ago, the 4th statement was generated so I figured what the heck, let's hit the button and see what happens on the Visa, not expecting much especially since I had such good luck just a few days ago with the other card. I was immediately offered a $2K increase, making the new CL $7K I know there's been reports of folks getting Venture cards with nice SLs, but this post is regarding CLIs on existing accounts. My poor MasterCard with them struggled for years to even get a $200 increase, much less an increase in the thousands. Are they finally realizing they have been leaving money on the table by forcing customers to other banks, or do you think this is just a 'fluke'? I'm not one to question good luck, but I figure I'm among friends here, so I'm reaching out to see what you think. I'm curious to hear what others think as well. I have a Cap One QS1, and I have been absolutely battling them for an adult level of credit for months. It started at $300 in July 2014 - I was subprime, for sure - and completed credit steps. I had used just about the full $300 and PIF every month. Got a measely $200 increase to $500 in January, but i didn't complain. Few months later, I tried an CLI, denied. Was told there had been a change in the account. Of course, they were referring to the $200 increase. So, I let it go, and apped for other cards. Well...no one gave me a limit under $1500, and that was Discover (who is conservative, anyways). My next lowest was $3500. Ringed back Capital One and, long story short, had to escalate all the way to the EO to get the card *up to* $1,000. So basically, because Cap One is being stingy, they are still viewing me - and lending credit to me - as if I'm subprime. Wee bit irritating. I had explained to them that though the QS1 gave me 1.5% cash back, the annual fee and $1000 limit hampered use for me; my NFCU cashRewards is the same reward structure, but with no annual fee, an $8,000 limit and even a lower interest rate. No dice. Heck, even my Merrick Bank still has a higher limit. Embarrassing. I'm planning to hammer my QS1 with charges for 2-3 more months - paying down a couple times a month - and see if they get the message. If I can't get a bump after that, it's definitely a candidate for closure, since it's only 1 year old.Littlewing, have you checked out the pre-qualification site yet to see what they show you good for? I was equally disgusted four months ago due to dealing with the same type stuff you describe (before these latest CLIs, my last one was for only $200). I'm with you, it seems easier to just re-app for another card, in my case it was another QuickSilver (but the Visa Sig instead) with no annual fee and a starting line more than double the credit line on the old account, which has taken me eight years to even get as high as it is now. (This much is certainly well-documented) See what they show you pre-qual'd for, and if you like what you see it might be worth your sanity to bite the bullet and take the HPs just to be done with it. For me, "protecting" my report from HPs is not worth as much as the piece of mind I have now knowing I don't have to call and "beg" each year for them to throw me a bone for the annual fee on the new account, and if I choose to do so for the old QS1 MasterCard it's not because I have to. Many folks don't mind sending email to CEOs, waiting for call-backs that may or may not come, or calling a list of backdoor numbers, but I think I've decided I've grown tired of feeling likeI am always begging them to do business with me, either by waiving an AF or giving me a (until recently) $200 increase. Ironically, going by their willingness to approve the QS Visa a few months back, it seems it's not me they have an issue with but strangely it's the account itself. It's too bad they don't realize it's the same person behind *both* accounts, but they don't... we're just numbers. If the nice CLIs on the QS1 Mastercard had come a little earlier, this could have been a very different conversation.Yeah, I'm very seriously considering that. I try to time my apps so that everything in on a June/July and December/January cycle for increases. SO...I may be getting myself a Christmas Venture One app, haha.LOL... I like that plan. Here's an idea; even if you aren't ready to actually app for a new account, the pre-qual site will at least tell you which cards you are good for and what the interest rate will be. That's actually what pushed me into 'taking the plunge'; once I saw that I wouldn't get the highest rate as I had feared would be the case (they gave me a not-great-but-not-horrible 17.9%) it made me pull the trigger. As a side-note, the interest rate offered on the pre-qual was spot-on with what I was actually given on my new account. If the rate is higher than you would like, or you don't get offered that Venture, you can always try back later. Or if you get pre-qual'd for a fantastic rate, you can still wait and know you have something to look forward to. Even more importantly, you'll know that all the calling and emailing for the account you presently have is because you want to, not because you are forced to... Whatever you decide, you have to do what's right for your situation and your personal plan.

Another Capital One CLI! !!This time an increase of 4K!

Background: I opened my Capital One Quicksilver One card in February of this year with a SL of $500 and requested an increase in April. I was automatically approved for a $1,000 increase. Fast foward to last Saturday night (7/11/15) I decided to try for another CLI because I was nearly maxing out every month on my $1,500 credit line. I needed the ability to make more purchases as well as keep my utilization down. I applied online and received the 2 -3 business day notice. So Monday (7/13) I e-mailed the EO stating my request, my desired increase ($4,000), and reasoning for that desired increase. Yesterday (7/15) I received a call from a very nice woman from the executive office. She asked me a few questions, verified some information, and told me she would be sending my request to the underwriters. She said I would hear something back in 7-10 business days. This morning (7/16) I logged into my account and my credit limit is now $5,500! I am beyond happy with the quality of customer service and the quick turnaround. I'm also enrolled in the credit steps program. I am due for an automatic incease after my 5th payment. I just made my 5th payment a few days ago and my statement closes tomorrow! I'm curious to see if I'll get that increase as well. I would assume yes, but I'll have to wait and see. Extra info: I pay my high balances down every month leaving about 1 to 2% utilization reporting on my card.In my EO letter I mentioned that a $5,500 credit limit would match my Discover It credit line (just started reporting)UPDATE My 6th statement closed yesterday (7/17). When I logged in today (7/18) I saw another $500 increase due to my Credit Steps enrollment! Woohoo! Hello 6k credit line! I love you Capital One!

Sandibeach22 wrote:
Super congrats on your success! Thank you!

Capital One VentureOne Approval and QS CLI

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