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Established Member
jacksonvillejaguar
Posts: 23
Registered: ‎04-14-2012
0

? for anyone that had a Capital 1 increase

Do you guys pay/paid interest on your credit card?

4/20/2012 FICO Equifax - 628, Transunion - 661

Capital 1 Secured Card Opened 5/2010 - 3,000 CL, $3 balance
Capital 1 Platium Rewards Opened 10/2011 - 3,000 CL, $3 balance
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: ? for anyone that had a Capital 1 increase

I would say it YMMV, the ones who get the increases are generally the ones who have held the account for years and years with a small limit, but there are exceptions.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
armbenderc
Posts: 1,339
Registered: ‎09-11-2012
0

Re: ? for anyone that had a Capital 1 increase


jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.

 

Anyway, I took the CC from her until she paid it all off. :smileyvery-happy:

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Established Contributor
lithium78
Posts: 929
Registered: ‎07-30-2011
0

Re: ? for anyone that had a Capital 1 increase

My card went from $300 to $500 after three months and then jumped to $1800 after a year and remained there ever since.  During the period from opening the account to the $1800 jump I carried a decent balance on it every month.  I haven't carried a balance since then and I haven't gotten any CLIs, but I don't know if correlation = causation.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: ? for anyone that had a Capital 1 increase


armbenderc wrote:

jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.

 

Anyway, I took the CC from her until she paid it all off. :smileyvery-happy:

 


:smileysurprised:

 

:smileyvery-happy:

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: ? for anyone that had a Capital 1 increase


jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


I rarely pay interest on any CC.   I have CLI on 3 Capital One cards, and I have never paid any interest on them.  

 

I don't think paying interest ever helps your credit, it only costs you money.    

 

Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: ? for anyone that had a Capital 1 increase


Wolf3 wrote:

jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


I rarely pay interest on any CC.   I have CLI on 3 Capital One cards, and I have never paid any interest on them.  

 

I don't think paying interest ever helps your credit, it only costs you money.    

 


Totally agree!!! :smileyhappy:

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Contributor
darkpearl
Posts: 82
Registered: ‎03-22-2012
0

Re: ? for anyone that had a Capital 1 increase

I just got a $500 CLI from Cap1 and always PIF

Amex BCE $14.9k --- Cap1 QS $10.5k --- US Bank Cash+ $9.5k --- Target RedCard $300
Senior Contributor
jsucool76
Posts: 3,228
Registered: ‎12-11-2011
0

Re: ? for anyone that had a Capital 1 increase


darkpearl wrote:

I just got a $500 CLI from Cap1 and always PIF


That sounds like a credit step CLI...

 

6th statement? 

Contributor
darkpearl
Posts: 82
Registered: ‎03-22-2012
0

Re: ? for anyone that had a Capital 1 increase

Yeah, I'm still amused by that if it really is true. No negatives ever, not even my first credit card. Oh, Cap 1...

Amex BCE $14.9k --- Cap1 QS $10.5k --- US Bank Cash+ $9.5k --- Target RedCard $300

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