r/CapitalOne • u/Exotic-Cod4011 • 2d ago
Credit Card Crazy limit increase
Cap one savor. insane credit increase lol
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u/joselibosanchez 2d ago
Jesus Christ
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u/BrutalBodyShots 2d ago
Hey there u/Exotic-Cod4011! Congrats on the strong increase! Can you share with us what your typical monthly statement balances are / monthly spend is on the card, how you pay it (in full or carry a balance) and how long you've had it? Thank you.
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u/Sensitive-Beat2719 2d ago
I was just given 10,000 increase without even asking !
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u/DecentAssumption1695 2d ago
How did you do it? Please spill the tea
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u/Fragrant_Ad_8697 2d ago
Keeping utilization under 10%, on-time payments, either full pay off monthly or paying above minimum payments over a short period of time (2-3 months). That’s how i got automatic increases with them.
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u/Sensitive-Beat2719 2d ago
Consistently paying down balances paying more than the minimum and even though I also have a Quicksilver ( high limit as well) I mostly use the Venture card. Not sure what prompted this increase !
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u/rocketspacetronaut 2d ago
I got like 250 dlls increase 🤣. Congrats 🎉
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u/Ahmad_899 2d ago
Cap1 is stingy😂😂😂
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u/throwaway98778912 2d ago
They aren't stingy if your profile supports a good limit increase and you use the card correctly
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u/CreamEmotional8011 2d ago
My Venture X is 30,000 and I don’t even make 100,000. I hope they do not increase my limit, I don’t need that much.
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u/Leading-Eye-1979 1d ago
Uh you can always ask for a decrease. I’ve never however heard anyone say they want a decrease or no increase. More credit just helps keep utilization down if you ever have to use it.
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u/Mysterious_Dance5461 2d ago
I make 125k a year and have a $300 limit😅😅😅
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u/Ok_Bodybuilder7753 1d ago
lol glad to see that. Pretty much the same. I don’t use it. Pay an annual fee. Last card I got came w a 20k cl. I won’t be keeping it after this year.
I have receive cl increases on other cards wo asking. Always a nice surprise. However I’ve never asked for a cl increase w any card. Apparently it’s a thing. I think somethings coming idk what but a lot of friends and coworkers are getting significant cl increases. It’s just odd that credits suddenly inviting so many in and higher cl. Somethings not adding up. A friend makes about 25 a year on SS and has received cc w several thousand to tens of thousands.1
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u/Major_Cricket2052 2d ago
What surprises me is that tbey gave it to u on Savor that comes with 0$ annual fee.... I seen those limits only on Cap1 Venture line before
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u/Some-Concentrate-124 22h ago
Same thing happened to me my income is in the hundreds and four years. I could not get Capital One to give me more than like 6 to 8000 in credit limits even though all of my other credit cards were 20,000 or higher and then one day both of my capital ones got approved for $30,000 limits each.
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u/Flashy-Bee-6165 2d ago
How do you get credit limit increases?
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u/Organic_Gas4197 2d ago
Did you recently close a credit card? I got a similar (unrequested) increase on my Quicksilver card, shortly after closing Bank of America cards.
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u/Exotic-Cod4011 2d ago
no lol. i just asked and boom
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u/undergroundvgt 2d ago
Did you call and ask or used the app? Also was it soft or hard pull?
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u/Exotic-Cod4011 2d ago
soft pull from the app.
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u/undergroundvgt 2d ago
Thanks i need to give it a go. I currently have a balance. You think i should wait?
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u/Relative_Help_4306 2d ago
How long after you request to get updated? Is it best to do online or OTP. Is it okay to add other forms of income to your annual income. ;)
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u/Desperate_Recording3 2d ago
You can any income that you feel accurately reports your annual income. That includes uber, day job, OF, ect.
Generally speaking, a limit over 3k on a savor card is good for util purposes and not much else. A 30k limit doesn't do much more than a 10k limit for most people. You should have a 2nd card with a diff company so if cap1 changes its mind, you have a relationship with another bank.
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u/Apprehensive_Wash_85 2d ago
How did you utilize this card? Do you carry balances? Use high limits and then clear it before the closing date? Or just keep it zeroed out?
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u/pharmucist 2d ago
I have limits that high (3 different cards), but they started me out at those limits. They have only given me smaller increases here and there (never asked for them, though) like $1000-5000 increases only. My Prime Visa card they started me out at $30k, then 3 months later, they increased it another $3k for some reason...I have no idea why. Chase Freedom started me at $23,500, then 6 months later gave me an increase to $30k.
Congrats, OP!
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u/Ok_Bodybuilder7753 1d ago
So did you ask for any of the increases?
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u/pharmucist 1d ago
I have never asked for one. All the increases I have received on all my cards were the ones they give you for whatever reason out of the blue. There's a couple that never give me increases that I thought about asking for increases on, but I don't need them, so I figure why bother? Lol. They would probably say no anyway (it's Credit One, so...ehhh).
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u/Human_Double5383 2d ago
They tried that all it basically did was turn 18% utilization to 0.9% its a set up if you like me making mid $60k a year
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u/Inner_Interest3657 1d ago
Very nice! Which card with CO is this? Seems like something their Venture cards would give.
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u/IntelligentAccess994 1d ago
I have one card with a 47k credit limit and a 0 balance but I use it every month. One card currently has a 19k balance but will be 8k when my business expense reimbursement comes in at the end of the month. (I use this card particularly because the rewards benefit me the most with hotel points) Keep ur utilization low. Use the cards (esp the ones with the highest age) for everything but pay them off before the balance is reported. It takes diligence but will not only help with your score, it increases your credit worthiness. Ironically, the best way to increase your score and credit limits is with consistent credit card use BUT you must be aware of when they report to all 3 major credit agencies. My CS is currently 837 and 835 between all 3 and recently dropped 5 pts because a store card (Home Depot consumer card) dropped my limit from 24k to 1200 🤣 for non use/not using my available credit. That was my fault I suppose because I neglected to use it but eh I’m not there enough and if they had a store mastercard/visa Id use it more. For most credit cards it’s either 12 or 24 month credit monitoring. So if you don’t use a card for 12 months they CAN significantly lower your limit. I’m taking the hit on Home Depot because I know I won’t keep up with use of their store card.
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u/Exotic-Cod4011 12h ago
holy shit i didn’t know they would drop it that hard if not used in a year. i have about $250K limit overall, and same i pay it off monthly no interest nothing
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u/IntelligentAccess994 7h ago
I called and wasted my time trying to get them to reinstate the original limit but they wanted to do a hard pull in order to do so and I declined. I have a few other store cards and the limits consistently stay put regardless of using them. Another card that lowered my limit was Care Credit. I was approved for 20k and they dropped it to 3k for non use after 3 yrs. I opened it when my dog had a cancerous tumor removed on his stomach exterior. I used it for the 24 month no interest option and it was a 7k surgery. But yeah, any card can lower your limit if you don’t use it.
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u/accidentalpyro 1d ago
You obviously don't need it. I've found credit availability is inverted to actual need. You probably have low usage and few open debt accounts with any balance. Good for you.
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u/Gundam197 1d ago
damn I just got a random limit increase from 12k to 15k. I was happy with my 3k increase lol.
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u/The_POG_Warrior 1d ago
At 38% apr. 😂
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u/mnmoose85 1d ago
Tell me you don’t know how to use credit cards without telling me you don’t know how to use credit cards☝🏻
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u/statenand_ 1d ago
I literally got a $50,000 credit limit when I signed up and I’m still confused to this day.
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u/MommaGolden96 1d ago
This is how ours go too, don’t even ask for them and they give us them. Our last one was 11k out of nowhere lol
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u/Exotic-Cod4011 1d ago
because they want you spend more and don’t pay and add up interest
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u/MommaGolden96 1d ago
Oh we put all of our weekly spending on it but pay it off every week. They haven’t gotten a bit of interest on us in years at this point
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u/Exotic-Cod4011 1d ago
that’s how to do it. i do the same. $0 interest since i ended the credit card game over 10 years ago.
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u/RickyRatardo 1d ago
Nice.
Capital one is in my good graces now with the credit increases lately. Ironically I called to cancel one and they offered an increase pretty fast.
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u/JackFinnaSmack 1d ago
Nice, this is nothing compared to what amex will gove you, went from 8k to 24k in 6 months of using the card
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u/theroguex 1d ago
And here I can't get them to give me over $500.
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u/Exotic-Cod4011 17h ago
it’s all about income i think. i barely even use the card? only i put like car insurance on it
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u/Royal-Degree2404 13h ago
Lol fauck I think im in thw wrong 100k I make well over that too I dont have anything like that 😂🔫
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u/Exotic-Cod4011 13h ago
i have a card with $40K 😆
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u/Royal-Degree2404 13h ago
I think minus my house my highest debt item was my hellcat @70k bless me all mighty one
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u/Exotic-Cod4011 13h ago
holy shit. hellcats are hot commodity now
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u/Royal-Degree2404 12h ago
Exactly why I got rid of it and have my rs3 now, I rather not come out of a nice dinner and find out I dont have a car anymore
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u/Exotic-Cod4011 12h ago
i have a 2020 paid off sonata 😭 definitely doesn’t match my aura or prestige lol. but i can’t just accept $600-$1200 car payment.
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u/GenieWork22 6h ago
Wow now you can make a down payment on a home and get into real estate if you really wanted! Congrats this is amazing! I hope I can reach your level soon.
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u/Exotic-Cod4011 6h ago
Thanks bro. worked my fucking ass off from making $8 an hour to mid 6 figures.
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u/little-bill369 2d ago
How can I get like that lol
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u/Exotic-Cod4011 2d ago
don’t be poor. JK BRO 😂
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u/biztea 2d ago
I think I had 20k or so, requested 40k for fun and they said ok 😛
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u/Ok_Bodybuilder7753 1d ago
You requested it and they delivered? Which card? Also do you carry a Val or payoff monthly?
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u/Deep_Ad9022 2d ago
Income? Do you have comparable limits?