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Want to upgrade from cap 1 secured

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Anonymous
Not applicable

Want to upgrade from cap 1 secured

how long should I wait to app for a different cap one card after getting the cap 1 secured? I got the secured mid January and my scores were 70-80 pts lower than they are now. I also got a cap 1 auto loan in mid January as well. I'd love to get an unsecured card with rewards, just not sure if cap 1 would approve it yet? Any thoughts?
Message 1 of 6
5 REPLIES 5
Anonymous
Not applicable

Re: Want to upgrade from cap 1 secured


@Anonymous wrote:
how long should I wait to app for a different cap one card after getting the cap 1 secured? I got the secured mid January and my scores were 70-80 pts lower than they are now. I also got a cap 1 auto loan in mid January as well. I'd love to get an unsecured card with rewards, just not sure if cap 1 would approve it yet? Any thoughts?

You can usually get an unsecured card 6-7 months after having a secured one.  Is that the only card reporting on your credit reports?

Message 2 of 6
Pway
Valued Contributor

Re: Want to upgrade from cap 1 secured

It varies.  Some have has gotten approved for the secured and turned around and applied for the QS1, or Platinum within days of each other and gotten approved.  I would check out the prequalifier and see what it says for Capital One. 

Thank you for the wealth of knowledge I have learned from these forums. I am logging off as of November 9, 2022. I wish everyone great success.
Message 3 of 6
gibeon
Established Contributor

Re: Want to upgrade from cap 1 secured

Check to see if you are prequalified for any Cap One cards. I would bet that you will get at least a QuickSilver 1 offer.

I was preapproved (in March) for the QS1 a month after opening the a Cap One secured card (in February). And had two QS1s by April (with two annual fees...)
23 Open Bank Cards / 7 Open Store Cards / TOO many inquires / Mid/High 600's
Message 4 of 6
Anonymous
Not applicable

Re: Want to upgrade from cap 1 secured

If you are new to credit, I would wait six months. Otherwise, you can try the prequalify links at capital one to see what comes up
Message 5 of 6
Creditaddict
Legendary Contributor

Re: Want to upgrade from cap 1 secured

check pre-qual and apply for 2 if showing pre-qual and then close out that secured!

Message 6 of 6
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