Established Member
Hogue69
Posts: 23
Registered: ‎07-09-2012
Capital One Secured Max Limit?

‎10-05-2012 09:10 PM

I'm thinking of adding $500 dollars every 2 weeks to my Capital One Secured Card until I reach the $3000 dollar max, they do say that they MAY extend you a CLI after you've demonstrated responsible use, but are there any accounts of them extending a CLI over the max $3000?

Begin building credit with a clean slate 5/1/12!

Cards
Capital One Secured $400 limit
BOFA Secured $300 limit
PSECU Visa $2000 limit
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Valued Contributor
Dustink
Posts: 2,380
Registered: ‎10-02-2012
Re: Capital One Secured Max Limit?
[ Edited ]

‎10-05-2012 10:14 PM - edited ‎10-05-2012 10:18 PM

Get a secured card from the bank you have your checking account with.

 

Don't give Crap1 any more money.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21     EQ: 642 TU: 677 EX: 665


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Valued Contributor
Dustink
Posts: 2,380
Registered: ‎10-02-2012
Re: Capital One Secured Max Limit?

‎10-05-2012 10:14 PM

Cap1*

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21     EQ: 642 TU: 677 EX: 665


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
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Valued Contributor
jsucool76
Posts: 2,649
Registered: ‎12-11-2011
Re: Capital One Secured Max Limit?

‎10-05-2012 11:12 PM

The cap1 secured is actually pretty decent. It doesn't report as a secured card. Im not sure if they go over 3000 with their unsecured CLIs though. I've never seen anyone with a limit over 3000$ on a secured with them.
Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart: 1300CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 1000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
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Established Contributor
SnackTrader
Posts: 959
Registered: ‎09-15-2012
Re: Capital One Secured Max Limit?

‎10-06-2012 06:03 AM

Some secured cards report a hard pull everytime you add funds to your account, but I'm not sure of the situation with this card.

Be aware of that and ask questions first. You don't want to end up with multiple HPs on a secured card if you can help it.
In My Wallet: Amex BCP (12/12) $13,500, Cap1 Cash Rewards (6/12) $9,000, Barclaycard Arrival (5/13) $7,500, Citi Forward (12/12) $6,500, Chase Freedom (12/12) $5,000

In The Garden!


Last App: May 21, 2013
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Frequent Contributor
shakalaka
Posts: 449
Registered: ‎09-10-2012
Re: Capital One Secured Max Limit?

‎10-06-2012 06:31 AM

AFAIK it isn´t a HP for CapOne if you add money. It wasn´t for me.

 

BofA is HP


Amex Platinum (NPSL) | Amex BCE (12,000) | Discover IT (8,000) | Chase Freedom (4,300) | Walmart (850) | Alliant CU Visa | CapOne Newcomers MC | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

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Senior Contributor
Wolf3
Posts: 3,178
Registered: ‎01-24-2010
Re: Capital One Secured Max Limit?
[ Edited ]

‎10-06-2012 08:13 AM - edited ‎10-06-2012 08:13 AM

Capital One is a good secured card.   They do not HP on increases, they do not report as secured. 

 

I got $300 CLI at 6 months, and I had built it to $2200 at that time.  I have never seen anyone report getting more than $300.    If you really wan that unsecured CLI, I suggest you stop short (about $2500) and wait past the 6 months.    Or take a chance and see if they will add to the $3000.  My guess is that they will.

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