Hello. The Capital One Savor credit card is my first credit card and I’ve had it for 3 months. I initially had a $300 limit and I’ve been making payments on time ($39, $60, $15 statement balance for each month). I was automatically given a CLI to 2k this month. I wasn’t expecting an increase this early on especially considering this is my first card ever. I got jumpscared when I opened the app and saw I had 2K available credit and misread it as what I owed 😭
Looking at other posts, it seems like people say that high utilization makes it more likely for Capital One to approve a CLI, but it seems the opposite happened here. Is this normal? Can I expect this to happen with other cards I open in the future? Will Capital One keep increasing my limit if I keep my spending habits the same or do I need to increase my utilization? Thank you.
$300 to $2K CLI in 3 months on my first card. Is this normal?
byu/Significant-Kick687 inCreditCards
Posted by Significant-Kick687
1 Comment
thats pretty good actually, capital one does this quite often with new cardholders who show they can handle credit responsibly. Your utilization was low which is exactly what they want to see – shows you’re not desperate for credit
Other cards might not be this generous though. Chase and some others are bit more conservative with increases especially in first year. Capital one just has different strategy where they start people low and bump them up quick if payment history is good
Keep doing what you’re doing with low utilization and on time payments. You don’t need to spend more to get increases – that’s actually counterproductive. They’ll probably give you another bump in 6 months or so if you maintain same habits