Capital One Secured Mastercard - Will they ever graduate it?

[Anonymous]

It's my first card from when I began building my credit shortly after college.

Put $49 down and paid it in full every month. It's been nearly 2 years and they've done nothing. Not a single unsolicited credit line increase, not a drop in interest, not even a hint at graduating me to something better. I have 6 other credit cards all with lines of credit over 30 times higher than my Cap One Secured and I've never even approached 5% utilization, had a baddie, nothing.

I don't care so much as a CLI, but I would love if they would just unsecure my card and give me my deposit back. Pretty sure I've proven at this point I am not going to default on $200 worth of stuff (that is my CL).

Aaaah 

/rant

[CH-7-Mission-Accomplished]

Hate to tell you this, but Capital One never graduates their secured cards.  You have to apply for new cards with them and  close that card if you want your money back.

[Anonymous]

I just closed my secured card. I got a 300 unsecured increase but was told going forward I would only get a higher limit if I added funds. I got the quicksilver 3 months after I opened my secured. I paid my balance except for my deposit amount and 2 days later they applied my deposit to the remaining balance.

Have you checked the prequal site to see if they offer you another card?

[Anonymous]

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@Anonymous wrote:

I just closed my secured card. I got a 300 unsecured increase but was told going forward I would only get a higher limit if I added funds. I got the quicksilver 3 months after I opened my secured. I paid my balance except for my deposit amount and 2 days later they applied my deposit to the remaining balance.

Have you checked the prequal site to see if they offer you another card?

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I already have a QuickSilver Visa Signature. 

I'm hesitant to close the account, as it is one of my older ones. Perhaps I will after my inquiries fall off. 

[disaster13]

I actually closed mine when I got my Amex cards. I was in your exact position then I noticed that Cap One wouldn't buldge so I closed it and got my money back 

[indiasnowden]

My secured graduated after 6 months. Modest cli but that is probably from my mismanagement. Still it doubled to $1k. That was four years ago so maybe they changed their policies. They gave me a $2k cli on my old orchard bank card last year. Go figure. Maybe you can call and ask for a review.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I just closed my secured card. I got a 300 unsecured increase but was told going forward I would only get a higher limit if I added funds. I got the quicksilver 3 months after I opened my secured. I paid my balance except for my deposit amount and 2 days later they applied my deposit to the remaining balance.

Have you checked the prequal site to see if they offer you another card?

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I already have a QuickSilver Visa Signature. 

I'm hesitant to close the account, as it is one of my older ones. Perhaps I will after my inquiries fall off. 

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I'd keep the Quicksilver Visa Signature and close the older account now. It will still continue to report positively for 10 years, and it's definitely not worth the aggravation.