Credit Cards

[Give_Me_Credit_Please]

I have a Capone secured credit card for about 8 months now with a $200 limit, recently they raised to $300. Does anyone know how to have get them to give a cli withut making a deposit and if that's possible? I called and ask for a cli but they said I have to make my own deposit. Thank you in advance.

[MovingForward_2012]

Did you ask if you could convert it to an unsecured card?

[jsucool76]

Cap1 secured does not graduate to an unsecured card, although many cardholders will receive a CLI after around 6 months, similar to a credit steps increase, but smaller. Other than that, do not expect any other increases without increasing your deposit.

[Wolf3]

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Give_Me_Credit_Please wrote:

I have a Capone secured credit card for about 8 months now with a $200 limit, recently they raised to $300. Does anyone know how to have get them to give a cli withut making a deposit and if that's possible? I called and ask for a cli but they said I have to make my own deposit. Thank you in advance.

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I think it is a one time thing you get after 6 months (or not).   I have not seen anyone report every getting anything else on their secured card.  

[BearOSO]

The only increase I ever received was during my initial investment of $500. With that deposit, I received a $651 CL. 

I chatted with a rep, as an extra deposit I made did not hit the system when I thought it would, and he said that during year, they do a review but could not discuss when it occurs or what they will do with your secured card...some secret-squirrel type of stuff. But good luck. Let us know if something works out for you. 

[Give_Me_Credit_Please]

I attempted to ask for upgrade to unsecured but they said once I qualify, they will send an invitation to apply. I just don't want to be stuck with this secured card if it's not gonna grow with me. I do have an Orchard for about 2yrs now and originally it was unsecured for $300 cl and since than I only received $200 cli totaling $500. Since Orchard is now Cap1, I don't know how their gonna approach it with my secure card. Thanks for everyone's help.

[Wolf3]

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Give_Me_Credit_Please wrote:

I attempted to ask for upgrade to unsecured but they said once I qualify, they will send an invitation to apply. I just don't want to be stuck with this secured card if it's not gonna grow with me. I do have an Orchard for about 2yrs now and originally it was unsecured for $300 cl and since than I only received $200 cli totaling $500. Since Orchard is now Cap1, I don't know how their gonna approach it with my secure card. Thanks for everyone's help.

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They don't unsecure it ever.   They expect you to apply for unsecured card.    I suggest you try the prequalify on their website and apply when they come back with a card you like as you will most likely get it.   Then you can close your secured card after that.  

If you are looking for bigger limits, putting down a big deposit now and can help you get a good limit later with their unsecured card.   It worked for me.

[Give_Me_Credit_Please]

Thank you for that advice, I really hate to make a deposit into a card that's not gonna grow with me. I rather place that securty deposit into a secured card like bofa or Wells Fargo, which I have just applied for yesterday. Thank you for all your help.