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Ooops...I applied for a card before discharge o_O

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summerjune
Valued Member

Ooops...I applied for a card before discharge o_O

I filed for bankruptcy 1/9/14, had the first meeting 2/18/14 and me reaffirmation hearing was today.  For some reason I thought that I had already been discharged.  I applied for a Capital One Quicksilver a few days ago and was approved for $500 limit.  I am assuming the limit was so low because I havent been discharged yet.  The judge said now that we have had the reaffirmation hearing I will be discharged quickly.

Discharged 4/25/14
Scores as of 4/24/14: Equifax 590 Transunion 636 Experian ?
Capital One Quicksilver $500.00 Firestone $1000
Message 1 of 10
9 REPLIES 9
0REDSOX7
Valued Contributor

Re: Ooops...I applied for a card before discharge o_O

Limit is so low because you have a BK on file - not because you have not been discharged.

 

I am suprised that Cap One approved you without a discharge - but, treat that card well and it will be your best friend.

BK Discharge 2/11/14

Currently in the garden.
Message 2 of 10
summerjune
Valued Member

Re: Ooops...I applied for a card before discharge o_O

Thanks.  I am enrolled in Credit Steps so I wont have the baby limit forever.

Discharged 4/25/14
Scores as of 4/24/14: Equifax 590 Transunion 636 Experian ?
Capital One Quicksilver $500.00 Firestone $1000
Message 3 of 10
TRC_WA
Senior Contributor

Re: Ooops...I applied for a card before discharge o_O


@summerjune wrote:

Thanks.  I am enrolled in Credit Steps so I wont have the baby limit forever.


You'll get a $250 increase (half your current credit limit) to $750 in 6 months.

 

 

FICO8 current as of : ----- EQ: --- TU: --- EX: ---
Hard INQs last 12 months: EQ: 5 | TU: 7 | EX: 9
Verizon Visa $6500 Amex Delta Platinum $10,000 Care Credit $12,000
NFCU CashRewards $6000 Apple Card $2000 Best Buy $3500 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) $44k new - balance $31k/6.94%
Total CL: $45,000 --- Total CC UTI: --% --- AAoA: 5.5 years --- Income: $200k
Last app: 11-30-23
Message 4 of 10
summerjune
Valued Member

Re: Ooops...I applied for a card before discharge o_O

Thanks I am looking forward to that

Discharged 4/25/14
Scores as of 4/24/14: Equifax 590 Transunion 636 Experian ?
Capital One Quicksilver $500.00 Firestone $1000
Message 5 of 10
0REDSOX7
Valued Contributor

Re: Ooops...I applied for a card before discharge o_O

What is Credit Steps?

BK Discharge 2/11/14

Currently in the garden.
Message 6 of 10
summerjune
Valued Member

Re: Ooops...I applied for a card before discharge o_O

Credit Steps is a program offered by Capital One, with this program the will increase your credit limit after your first 5-6 on time payments.  Based on reviews from others in the program the increase can be anywhere from $250-$1000.

Discharged 4/25/14
Scores as of 4/24/14: Equifax 590 Transunion 636 Experian ?
Capital One Quicksilver $500.00 Firestone $1000
Message 7 of 10
TRC_WA
Senior Contributor

Re: Ooops...I applied for a card before discharge o_O


@summerjune wrote:

Credit Steps is a program offered by Capital One, with this program the will increase your credit limit after your first 5-6 on time payments.  Based on reviews from others in the program the increase can be anywhere from $250-$1000.


I've never heard of it being anything but half your limit... a one time credit limit increase after 6 months.

 

My $1000 card went to $1500 after 6 months... and my $500 card went to $750 after 6 months so I'd have to agree with what I've read previously.

FICO8 current as of : ----- EQ: --- TU: --- EX: ---
Hard INQs last 12 months: EQ: 5 | TU: 7 | EX: 9
Verizon Visa $6500 Amex Delta Platinum $10,000 Care Credit $12,000
NFCU CashRewards $6000 Apple Card $2000 Best Buy $3500 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) $44k new - balance $31k/6.94%
Total CL: $45,000 --- Total CC UTI: --% --- AAoA: 5.5 years --- Income: $200k
Last app: 11-30-23
Message 8 of 10
pizza1
Community Leader
Super Contributor

Re: Ooops...I applied for a card before discharge o_O

I just got my increase (credit steps) on my card... Limit was $1k, and they gave me a $1k increase! My limit is now $2k, but I also use it a lot, pif etc...
Message 9 of 10
Scupra
Super Contributor

Re: Ooops...I applied for a card before discharge o_O

My cap1 went from $1,000 to $2,000 as well. I never used the thing either. Just a couple small purchases here and there.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 10 of 10
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