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Established Member
sleepingiant
Posts: 35
Registered: ‎03-15-2012

Cap1 secured. How long should I wait

How long should I wait before applying for an unsecured card with them?  Ive only had it for 2 months.  It actually hasnt even started reporting yet but I was just wondering for my own knowledge.  I dont really care about that card ever actually unsecuring if it will at all. I would just rather keep it and apply for another.  Thanks


Starting Score: 541
Current Score: 580
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Valued Member
cda710
Posts: 25
Registered: ‎06-07-2011

Re: Cap1 secured. How long should I wait

What are your scores?Baddies?


Starting Score: 500(06/11)
Current Score: 645 (04/12)
Goal Score: 680


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Established Member
sleepingiant
Posts: 35
Registered: ‎03-15-2012

Re: Cap1 secured. How long should I wait

terrible.  mid 5s.  only baddies are old ones im just kinda waiting to fall off.  only have 2 cards right now just for rebuilding.  both of which are secured. one at 35% util other at less then 10%


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Current Score: 580
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Contributor
fixitquick
Posts: 93
Registered: ‎04-10-2007

Re: Cap1 secured. How long should I wait


cda710 wrote:

What are your scores?Baddies?


Agreed - need way more info. You can always check: https://findmycard.capitalone.com/PageVersions/LandingPages/LP_UNS_MS_V02.aspx Others will certainly be more knowledgable than I, but I'm not wasting a hard pull until they tell me I'm preapproved.

Starting Score (08/22/11): TU: 510 / EQ: 512
Current Score 04/30/14 TU: 646 / 05/02/14 EQ: 638 / 01/16/14EX: 632
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Established Member
sleepingiant
Posts: 35
Registered: ‎03-15-2012

Re: Cap1 secured. How long should I wait

ha they pre approved me for the same secured card i already have.  I suppose im not ready until i can get preapproved.


Starting Score: 541
Current Score: 580
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Valued Contributor
injustifiiable
Posts: 1,840
Registered: ‎03-30-2012

Re: Cap1 secured. How long should I wait


sleepingiant wrote:

ha they pre approved me for the same secured card i already have.  I suppose im not ready until i can get preapproved.


Ha, they did the same for me after they PRM softed EQ...heck I'd even take it but I'm pretty sure they'd do another HP. No thanks

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $2750
Regular Contributor
bodybuilder510
Posts: 144
Registered: ‎03-19-2012

Re: Cap1 secured. How long should I wait

[ Edited ]
Hi, I got my secured card on June 2011 and let 4 statements cut. I applied for the platinum(unsecured) card. I was approved instantly with 500 limit. I suggest you keep the secured active for 6 months to an year. You will be in great shape for prime card. Capital one will pull three hards, not worth it.
Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: Cap1 secured. How long should I wait


bodybuilder510 wrote:
Hi, I got my secured card on June 2011 and let 4 statements cut. I applied for the platinum(unsecured) card. I was approved instantly with 500 limit. I suggest you keep the secured active for 6 months to an year. You will be in great shape for prime card. Capital one will pull three hards, not worth it.

Agreed on this one.. I had my CapitalOne secured now for about 18 months and I think I am going to start apping soon for prime cards.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
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Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
New Contributor
wmcodywilson
Posts: 61
Registered: ‎01-27-2012

Re: Cap1 secured. How long should I wait


sleepingiant wrote:

ha they pre approved me for the same secured card i already have.  I suppose im not ready until i can get preapproved.



Funny you say that. Im in the exact same boat but they ended up sending me a letter (No HP). They said I just opened a new accont with them and need to wait before applying for something else. So yeah, as everyone said I guess we'll have to wait the 6 months before applying for something else.


Starting Score: EQ 489 1/2012 TU 493 1/2012
Current Score: EQ 547 5/2012 TU 562 5/2012
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Regular Contributor
bbrannan
Posts: 199
Registered: ‎12-11-2009

Re: Cap1 secured. How long should I wait

I was approved for the secured Cap1 card back in Feb 2012 with $200 CL. After reading several posts from many readers, I did a little research to determine which card I would most likely have a chance of being approved for and finally decided on the Cap1 Cash Rewards card. I'll admit that I was a little concerned about giving up a HP on an attempt so early in the game but I am glad I took the leap of faith. I was instantly appoved with a 3K CL! I was THRILLED! I feel like I am making progress...but still have a LONG way to go! So don't give up! Before you know it, you will have the choice of telling THEM "NO" if you want to!!!

Cards: AMEX Zync NPSL, AMEX BCE, NFCU LOC $15K, NFCU Visa Signature cashRewards $14K, NFCU Flagship Visa Signature $14K, USAA Platinum M/C $3.5K, USAA AMEX $2K, Capital One Cash Rewards $3.5K, WalMart $10K, Lowes $10K, Home Depot $8250, Amazon $4K, Discover IT $1K

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