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Has anyone recieved an auto-CLI from Cap1 on their secured card w/o making a deposit??? If you have how long have you had the card before it happened.
Yes, I have at 6 months
They review every 6 months, and you may or may not get a CLI.
http://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-Secured-Card-unsecured-CLI/td-p/805870
There is a whole thread on that. I received mine at 6 months ($300, unsecured). It's coming up on a year and I hope they decide to unsecure it because I'm not putting any more money into it! It's sitting at $1200 right now.
I will have one year this month and they have not gave me an increase. I have not gone over the limit nor had a late payment. My limit is sitting at $700 which I deposited.
Also they told me that they did not know when they were going to unsecure it if it even unsecures. I say that's BS. I will cancel this card in the next few months or so before the year is over and use the money on something else.
It will be a year on 7/20 that I have had the secured card. Called about a CLI at 7 months and they said to wait until about 9 months. Nothing has happened. Limit is $500 and I have never used more that 30% of that. PIF every month. **bleep**!
I have heard that they review some accounts after 6,9, and 12 months....so we'll see what happens.
I have had my card since 09/2010 and still havent recieved anything either. I have a limit of 525.00$. Yet I got approved for thier Rewards 750.00$ and a Sony Card 500.00$ Yesterday. Gonna cancel my Secured since not I have two unsecured lines with them. I paid in Full each month and once or twice carried a balance of like 20%. Always on time, nver over the limit. Good starter card but dont expect much at all. I got approved when my scores were 550 and now Im approaching 640's. This one opened doors for me and now I have gas cards, store cards and Bank of America Power rewards secured card which has been great to me. After I opened Cap 1 until today this is my portfolio. Before no one would give me credit.
American Eagle Outfitters | $150.00 |
Banana Republic | $400.00 |
Bank of America Power Rewards | $1,000.00 |
Best Buy Reward Zone Mastercard | $300.00 |
Capital One No Hassel Rewards | $750.00 |
Capital One Platinum Secured | $525.00 |
Chevron | $500.00 |
Citgo | $200.00 |
Credit One | $350.00 |
Discover/HSBC | $500.00 |
Express Fashion | $2,160.00 |
Exxon Mobil | $200.00 |
Gap, Inc. | $200.00 |
JCPenny | $500.00 |
Sony Visa | $500.00 |
Old Navy | $200.00 |
Shell | $200.00 |
TJMaxx | $200.00 |
Walmart | $375.00 |
So just let the account age and enjoy it for what it is. Hope this helps.
you must have a load of inquiries...looks like a lot of cards with low limits....I was in the same boat, around 550 last year, now at 641. I'm shooting to repair enough to get limits in the thousands when I apply, so I'm waiting it out.
I was up to 23 inquiries on TU but because I check my credit reports quite frequently I guess some of them got booted off. I am down to 12 Inquiries on TU