Question about cap 1 secured

[Shayenorwood]

Ok first I guess I could call but I feel like you guys know more about the company than the company it's self. I was approved for a 200 secured cap 1 with a 49$ deposit. Does this mean that for every 49$ I deposit I get another 200$ increase?? I was so excited that I payed the 49$ as soon as I opened the approval letter and didn't think about the possibility of more CL. I have like 80 days to add money so guess its not a huge deal. Thanks all so much for all the helpful info

[rootpooty]

no you pay 49.00 for a 200.00 cl.  if you want to raise the limit you have to do it with your own funds

[beb86]

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@Shayenorwood wrote:
Ok first I guess I could call but I feel like you guys know more about the company than the company it's self. I was approved for a 200 secured cap 1 with a 49$ deposit. Does this mean that for every 49$ I deposit I get another 200$ increase?? I was so excited that I payed the 49$ as soon as I opened the approval letter and didn't think about the possibility of more CL. I have like 80 days to add money so guess its not a huge deal. Thanks all so much for all the helpful info

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I got this same card a few years ago with the $49/$200, and about 6 months ago I was given a $100 unsecured CLI as well as when the website started doing the online chat the offered me a $2 limit increase for every $1 I deposited.