I know many get Cap 1 as their first card and go through the steps program. It was the best step I could have taken and here is why:
My starting score was EQ -598 and TU - 620 in November. I applied with cap though. To my surprise, they gave me the qs 1 with a $1k starting limit. In December, I used that card for Christmas but I was paying the full balance each week. I let a $400 balance post in December. In January, I paid all but $50. February, I paid off that $50. February 15th I felt a little froggy and jumped on that request increase button. It worked! I went from $1k to $3k.
In the mean time, I had 2 small medical collections and 1 derog account come off in January. I didn't apply for any other cards. I did do the shopping card trick with VS in November then Overstock in January. I wanted to let just a couple cards report and not a bunch of inquiries so I patiently sat back and waited. I am NOT a patient person lol
Today, just 3 weeks after getting that increase, I decided to check the pre-qualifiers on their site. I knew my statement date just passed so I was curious. I now qualify for the Venture card & QS visa!!! Chase also shows me prequalifying for their slate and freedom cards..........in just 4 months time!!!
The point being..............hang in there with those steps program cards and be patient. You CAN build your credit and limits in just a matter of months!
