Erin28 wrote: I just recieved my $500.00 increase with this program...I assume that means I've graduated the program. The card that I have is a Platinum...Can this card eventually be switched over to a QS card, and will the limit ever increase at all?
Very much yes. My World Mastercard started out as a platinum rebuilder 3k to 3.5k. And my Quicksilver was an old Orchard Bank buy out that started with a 300 dollar limit. I now have nearly 25k in credit with them with no apps since my rebuilding days.
You need to use the card a lot, and pay it in full every month. As soon as it has been six months since your last increase, hit the love button on the website for a limit increase request. If you are not approved, look at the reason why, fix it, and try again in a month. Repeat indefinitely. That means ask again six months after any approval, and one month after any denial.
Once you are in the 700's, contact a chat rep for a product change to Quicksilver. This will transition you from the high-risk arm of Capital One to the regular credit card company. They are really like two companies. Different reps, different policies, etc. Once you have a top tier card from them, keep asking for limit increases until you get above 5k, then start asking for a product change to a Visa Signature or World Mastercard. Use the execs if necessary, but only as a last resort and only once you've shown yourself to be a good customer with good credit.
The best part is, as you upgrade the cards, the description will change on your credit report. Instead of a closed, low tier card showing for a decade, the open line will show it's current type.
Good luck!
