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01-14-2013 12:42 PM
I never got a limit increase on my secured card. I've had it for about 2 years.
Then again I was increasing the allowed limit myself every month or so and it's been sitting at 3k for the last 6 months....which is the maximum amount.
Still though when i called them earlier in the process, they said they don't do automatic credit limit increases on secured cards.
01-14-2013 12:45 PM
If I needed any reassurance before that things were happening it's just a slow grind and you have to keep at it, I don't need the reassurance anymore! Woke up to an e-mail on my phone that said I got a $100 unsecured bump on my Capital One Secured Card. This is exactly 6 months to the day that I received the card and have never missed a payment. Capital One is slowly proving to be one of the better Secured Cards and I would recommend them for sure!
Congrats to you! They gave me $300 dollars on my secured card last week. Was very shock, but think its because I inquired about closing the account.
01-18-2013 07:45 PM
01-18-2013 08:28 PM
Hi,I got my cap1card 3months ago and i was pleased.With poor credit $200.00CL was a start. After reading and talking to people I soon realized I needed more credit. Went to Navy Federal signed up and applied for a CC the same day and was blessed with more than10xs my cap1 card.I don't normally respond to blogs online. But this have to get out there NAVY FEDERAL ROCKS give them a call or any other Credit Union. U Will be please....
Congrats to you! Which I qualified. Heard great things about Navy Federal.
01-18-2013 10:20 PM
I have had mine for 2 years for the whole $49/$200 thing...I did get an offer for every $1 I deposited I would get $1 in unsecured increases..Never took advantage though but shortly after I did get a $100 CLI. This was the first card I got when I started my rebuild and it has really served its purpose.
01-21-2013 05:36 PM
They approved me for this card six months ago. $49 for a $200 limit. I opted to pay $349 to increase the limit to $500.
I added another $500 deposit because it is my only card.
The day of my sixth statement I received an email that they did an unsecured CLI of $300. It's now at $1300.
I am now gardening my three cards and hoping to apply for one of their unsecured cards next year.
01-21-2013 05:47 PM
01-21-2013 06:01 PM
Have had my Cap One card for almost 2yrs with no limit increase. When I called to ask about an increase, I was told that no increase will be given nor will one be offered. The only way increase my limit was to make a deposit. Only 1 late payment on record but still felt like I deserved an increase. Still a good company to help those looking to rebuild.
01-30-2013 07:26 AM
I've had my card almost a year and I always pay on time and they have never offered me a cli.
01-30-2013 03:42 PM
This all seems so random, though there must be some method to their madness. Way back when I had excellent credit and large credit limits with major banks, Cap1 declined my application. Now they keep raising my CL for my secured card AND approved an application for a rewards card with a $2500 limit. For the record, I always pay my secure card on time and I use it heavily, sometimes pay it off mid-month and running it up again.
I'm not complaining about my good fortune, for sure, but it seems I hear a lot of people with much better credit than I have (I have three judgments, several collections and negatives on all but my new accounts!) being declined for increases/approvals and cannot see any patterns at all. Maybe it is the heavy use that makes the difference in the increases, but that doesn't explain the inconsistent approvals - income maybe?