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Capital One Secured Question

New Member

Capital One Secured Question

I have been approved for a Capital One Secured CC. I have put $100 in the account initially. I wanted to confirm that if I would put $2000 for a deposit, will that $2,000 limit be reported to all 3 credit bureaus as my availabe credit limit?  I need to up my available credit, I currently have a Orchard Bank Unsecured CC with only a 300 limit.

 

 

Thanks in advance!

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Re: Capital One Secured Question


DDude1 wrote:

I have been approved for a Capital One Secured CC. I have put $100 in the account initially. I wanted to confirm that if I would put $2000 for a deposit, will that $2,000 limit be reported to all 3 credit bureaus as my availabe credit limit?  I need to up my available credit, I currently have a Orchard Bank Unsecured CC with only a 300 limit.

 

 

Thanks in advance!


I had the same card 2 years ago with a 200 limit and I increased it to $1K and they reported that as my new limit to all 3 bureaus...so in short, yes.


Starting score 656 EQ (Nov'12 Lender Pull)Current Score: EX 770 EQ 771 TU 780
Goal Score: 820 across (Gardening since: 03/22/2013)

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