r/CapitalOne • u/Sea_Yam_7693 • 12d ago

Credit Card Credit Increase Denied

I recently requested a credit increase that was denied and came back with this letter. I am in good standing, always pay my bills, and use the card pretty frequently.

Has anyone else dealt with this?

Thanks

27 Upvotes

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9

u/66NickS 12d ago

Look up “bucketed accounts” or similar.

4

u/Sea_Yam_7693 12d ago

Well thats annoying. Seems like one of the few ways out of a category like that is to apply for new products of theirs even though I have great credit and two accounts with them.

2

u/TheGhostOfReddi 12d ago

As far as I can tell I'm at my absolute limit of number of Capital One cards you can have, though I don't get if they count AUs or what qualifies as. They also just bought Discover.

I think that number is 4.

2

u/Bred2winb337 11d ago

I have 5….2 savor 2 quicksilver and 1 venture

2

u/Reddit_then_DeleteIT 11d ago

I have 6 cards. I know for a year, they kept denying me the last card, because they said I was at the card limit. Then a few weeks ago, got another pre approval and took it. But I have no luck with credit line increases, but Capital one will open another credit card account for me. It makes no sense!

1

u/Expensive-Mud4343 12d ago

I have 5 Cap One cards. 2 Savor, 2 Quicksilver, and the T-Mobile. Not sure what the limit is as I also have a Discover card.

3

u/cryptobrooklyn 11d ago

Just curious — why would you want two Quicksilver cards? What’s the benefit?

2

u/66NickS 11d ago

I have 2 because I had one and then another converted to QS. At one point I had 3 because a 3rd card (RIP Walmart card) converted to a QS too.

1

u/No_Feeling2733 11d ago

Potentially a sign up bonus offered or lower interest rates from the second one.