topic Re: Capital One secured card increase!! in Credit Card Approvals

Capital One secured card increase!!

jamevfan — Mon, 11 Jul 2016 01:48:15 GMT

Today I got a 300 increase on my CO (secured) Platinum. SL of 200 and this is when my 6th statement cut, I requested an increase and was denied recently and when i called into CS they said secured cards will not normally get an increase by request but based on each persons credit behavior and file, I guess ive behaved its minor but im happy that my credit is growing in the right direction!

Re: Capital One secured card increase!!

Anonymous — Mon, 11 Jul 2016 01:53:55 GMT

Congrats.

Re: Capital One secured card increase!!

CountryLivin — Mon, 11 Jul 2016 01:54:29 GMT

Congratulations!

Re: Capital One secured card increase!!

Calistal — Mon, 11 Jul 2016 02:21:37 GMT

Congratulations! You must have been behaving! Great job!

Re: Capital One secured card increase!!

Anonymous — Mon, 11 Jul 2016 02:37:48 GMT

jamevfan wrote:
Today I got a 300 increase on my CO (secured) Platinum. SL of 200 and this is when my 6th statement cut, I requested an increase and was denied recently and when i called into CS they said secured cards will not normally get an increase by request but based on each persons credit behavior and file, I guess ive behaved its minor but im happy that my credit is growing in the right direction!

Congratz!

& Good Behaviour is always Rewarded!

Re: Capital One secured card increase!!

Anonymous — Mon, 11 Jul 2016 02:39:36 GMT

@jamevfan wrote:
Today I got a 300 increase on my CO (secured) Platinum. SL of 200 and this is when my 6th statement cut, I requested an increase and was denied recently and when i called into CS they said secured cards will not normally get an increase by request but based on each persons credit behavior and file, I guess ive behaved its minor but im happy that my credit is growing in the right direction!

Congratulations On Your Approval....Thanks For Sharing..

Re: Capital One secured card increase!!

Anonymous — Mon, 11 Jul 2016 13:57:05 GMT

Congrats! Any increase is a good one.

Re: Capital One secured card increase!!

MrsCHX — Mon, 11 Jul 2016 14:09:37 GMT

Congratulations OP!!!

Re: Capital One secured card increase!!

Anonymous — Tue, 12 Jul 2016 00:49:36 GMT

@jamevfan wrote:
Today I got a 300 increase on my CO (secured) Platinum. SL of 200 and this is when my 6th statement cut, I requested an increase and was denied recently and when i called into CS they said secured cards will not normally get an increase by request but based on each persons credit behavior and file, I guess ive behaved its minor but im happy that my credit is growing in the right direction!

This time the CSR is right on point, the $300 increase is about the ONLY number I've ever seen, as the steps increase on the secured card.

And although, they kind of give the impression a CLI 'could' happen on the secured (since the 'no new deposits' change, in Feb.) nobody as ever actually seen one, better chance of seeing Big Foot

But as long as you pay on-time the $300 increase happens like clockwork post statement 6.iiif not they push it back a bit (seen that happen to folks)

FYI ....please go to the pre-qual site to see if Cap-1 can get you pre-qual'd for a starter card either the Plat/QS1 (i like the QS1 b/c of cash-back) if it says either one remember they won't approve you for the 2nd for 6 months so choose wisely.

The reasonj, I say get one of the other crads ASAP is b/c you've basically maxed out the secured card...b/c you can't add a deposit to raise your CL and they won't CLI the secured cards so you're stuck with a $500 CL card and all things equal you want a crad growing, now you can keep the card open for aging purposes for a while but get another card for growth.

I have a $550 CL card, that got that same $300 bump (I started with$250) and lucky I apped shortly after (4 months) for the QS1 got the basic $500 CL ask for the CLI just like you did but they will give it to the unsecured account they gave a $1000 upon request , then got the auto $500, so by steps 6th statement $500 was $2000...6 more month $4000 on a card I don't use b/c, just getting the secured and the QS1 brought about better offers.

With your 6 months history you should qualify for an unsecured Cap-1 no problem

Good Luck! and Congrats....

Re: Capital One secured card increase!!

Vegas4Play — Tue, 12 Jul 2016 06:36:14 GMT

You are moving up Congrats to you !!!

Re: Capital One secured card increase!!

jamevfan — Tue, 12 Jul 2016 06:51:34 GMT

Thanks Gemini ive had the QS1 for 2 months in addition to my platinum secured so im doing well just waiting on my scores to climb. I have the intial 500cl on my qs1 and couldn't get an immediate increase after trying last month so just thought I'd wait. What's the max on qs1? Cant wait for prime card offers

Re: Capital One secured card increase!!

jamevfan — Tue, 12 Jul 2016 06:53:58 GMT

Thanks everyone

Re: Capital One secured card increase!!

RonM21 — Tue, 12 Jul 2016 09:32:33 GMT

Congrats!

Re: Capital One secured card increase!!

Anonymous — Thu, 14 Jul 2016 08:24:16 GMT

@jamevfan wrote:
Thanks Gemini ive had the QS1 for 2 months in addition to my platinum secured so im doing well just waiting on my scores to climb. I have the intial 500cl on my qs1 and couldn't get an immediate increase after trying last month so just thought I'd wait. What's the max on qs1? Cant wait for prime card offers

Ok great job!

2 months is too quick but no worries...looks like you're on my exact same path

My luv button $1000 CLI came about 45 days prior to the auto steps $500 CLI .

*What I've seen is as said earlier the secure bump is $300.

The bump for a SL of $500 is normally either $250 or $500 depending on the profile

(again speaking of the auto steps CLI only....the luv button can be different but the auto from steps seems always to be

either a 50% bump of the SL = $250 or 100% bump $500 w/o fail)

Best of Luck

Re: Capital One secured card increase!!

Anonymous — Thu, 14 Jul 2016 09:23:46 GMT

Congrats on your CLI! I remember that CLI, was a defining moment in the rebuilding process for me. Kudos to you! Love me some Capital One!

Re: Capital One secured card increase!!

jamevfan — Thu, 14 Jul 2016 11:54:04 GMT

When is the auto steps given? 6 months?

Re: Capital One secured card increase!!

Anonymous — Fri, 15 Jul 2016 03:49:28 GMT

Congratulations on the increase! You seem to have a great line up of cards! Better than I am doing over here!

Re: Capital One secured card increase!!

Anonymous — Fri, 15 Jul 2016 03:55:09 GMT

Congratulations!. keep it going!

Re: Capital One secured card increase!!

jamevfan — Mon, 18 Jul 2016 21:59:44 GMT

Thanks Dep. No worries it was from a weeknd long app spree that I will never due again.....lesson learned but it was when my scores were up. just growing from here on out, you will get there just stay focusedd

Re: Capital One secured card increase!!

Anonymous — Mon, 18 Jul 2016 22:00:56 GMT

Congratulations!