Cap 1 secured oddity.

TFD2HOUSE · ‎05-05-2014

Maybe two years ago, I applied for the cap 1 secured MasterCard and was approved for the $200/49 deal. I was under the assumption that this limited was locked, it would only increase with additional deposits, but I would never see an unsecured increase. CS said they use to do a $100 unsecured cli at six months but they no longer do that. Well at six months I got a $100 cli. I didn't question it. Since then I acquired a Wal-Mart cc($400-now $550), Barclaycard rewards MasterCard($500), and discover it ($1500). I just logged into my cap 1 account and it shows a $450 cli for a total cl of $750. As I said I've only deposited the original $49. I guess I just won't question this one either. So Barclaycard, once my highest limited on this long rebuild journey, is now my lowest. I'm on my seventh statement and they refuse to budge. Even picky discover, before my third statement cut, lowered my apr by 4%.

myjourney · ‎05-05-2014

Congrats CAP1 has been giving CLI's on secured for about a week now

Policy change and a good one it seems

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?

alvon123 · ‎05-06-2014

congrats

Navy Cash Rewards Visa Signature 30,000 @ 11.65%

Comenity Caesars Rewards Visa $20,000 @22.99%

USBANK Kroger Rewards World Elite Mastercard $19,000 @23.99%

bigblue7722 · ‎05-06-2014

Congrats not a bad deal for a 49 dollar secured card

AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.

gdale6 · ‎05-06-2014

@TFD2HOUSE wrote:
Maybe two years ago, I applied for the cap 1 secured MasterCard and was approved for the $200/49 deal. I was under the assumption that this limited was locked, it would only increase with additional deposits, but I would never see an unsecured increase. CS said they use to do a $100 unsecured cli at six months but they no longer do that. Well at six months I got a $100 cli. I didn't question it. Since then I acquired a Wal-Mart cc($400-now $550), Barclaycard rewards MasterCard($500), and discover it ($1500). I just logged into my cap 1 account and it shows a $450 cli for a total cl of $750. As I said I've only deposited the original $49. I guess I just won't question this one either. So Barclaycard, once my highest limited on this long rebuild journey, is now my lowest. I'm on my seventh statement and they refuse to budge. Even picky discover, before my third statement cut, lowered my apr by 4%.

Nice, congrats on the CLI