topic Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card in Credit Card Approvals

Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

Anonymous — Mon, 22 Mar 2021 17:15:09 GMT

Small squeal of joy. It's Monday morning, went to email, and lookie, lookie! Capital One emailed me I'd been given a Credit Line increase.

It's been 5 statements. Secured $1K Card. I think that was the max they permitted, because I even asked, can I add $100 or $200 to have buffer (interest suddenly being charged etc) for the $997 monthly charge I run through there. Nope.

I have been using the bejeezus out of it monthly with that charge and paying it off literally the day it finally shows in my account because there is no grace period and one month it added something like $20 interest. Gack.

My income is just under $35K.

My Ex is 642. TU 656.

CLI is $100 taking it to $1100. 🥳🥳🥳 Small victories. Every single one for which I'm grateful. 🙏🏻

My first keepable TL. Capital One graduates. 👩🏾‍🎓. Grants further CLI without those also being secured. And around the 12 months mark when it graduates (might sooner, not Deleon it to do so. But it could. ) I'll request a product change to no AF Card. Ideally with some rewards.

Meanwhile, I'll run the $997 through it monthly. Do a BT to NFCU nRewards as often as they'll let me. (Haven't read the fine print. Wasn't thinking to do so until now.) And wait. (Something I'm soooooo good at.... 😂😂😂🤣)

Started my Credit Rebuild Journey last June. I'm not even sure I'd have qualified for the Cap1 secured card in October if I'd not already had my starter no HP CC with OpenSky which I'm sort of both experiencing and hearing is a 1 Year card. Also in October just before applying for Cap1 Secured CC, I had just opened FingerHut FreshStart. I had 2 tiny TL's open in my dirty/thin/young Credit Profile. Now it's plumper 👇🏻👇🏻👇🏻 See siggie.

I have several now. PTL! Seriously, thank God.

All they know is from October, my high utilization monthly and always PIF. I have carried a balance 3 weeks as the longest.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

AllZero — Mon, 22 Mar 2021 18:29:06 GMT

Congratulations on your CLI!

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

CreditAggie — Mon, 22 Mar 2021 18:31:53 GMT

Congratulations on your Capital One CLI!

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

blindambition — Mon, 22 Mar 2021 18:48:58 GMT

Congrats on the CLI!!!

Lenders can see BT being moved. Playing the shell game one too many times may get your accounts closed. Banks don't play with games like that.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

Anonymous — Mon, 22 Mar 2021 18:50:32 GMT

@AllZero wrote:
Congratulations on your CLI!

@CreditAggie Thank you! It's my very first one! 🤩🤩🤩 👶🏼 👶🏽👶 So excited 😆😂😁😇😊

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

Anonymous — Mon, 22 Mar 2021 18:52:47 GMT

@blindambition wrote:
Congrats on the CLI!!!
Lenders can see BT being moved. Playing the shell game one too many times may get your accounts closed. Banks don't play with games like that.

TY. I'm new and clueless about doing this. About how many times is ok? Please be as specific as possible because my starting point is: No Idea. Also, we're talking $997 not $10K. 🙏🏻🙏🏻🙏🏻 For any suggestions and experience.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

Credit4Growth — Mon, 22 Mar 2021 18:56:52 GMT

Congratulations!

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

blindambition — Mon, 22 Mar 2021 19:03:18 GMT

That will depend on lender. If you do a single BT, not going to set off red flags, but lenders will pull plug on patterns. Your essentially not paying debt when shuffling between accounts.

You may not see it, but lenders are constantly SP reports, and watching accounts. Algorithms are smart and watch trends and patterns, and can easily flag account for unusual, fraudulent, suspicious behaviors.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

gdale6 — Mon, 22 Mar 2021 19:22:45 GMT

Always nice to get a CLI unsecured on a secured card

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

M_Smart007 — Mon, 22 Mar 2021 19:56:59 GMT

Congratulations on your Increase

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

cashorcharge — Mon, 22 Mar 2021 20:23:02 GMT

That's terrific! Congratulations on your CLI approval!! 🎉🥂

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

Anonymous — Mon, 22 Mar 2021 20:48:35 GMT

@blindambition wrote:
That will depend on lender. If you do a single BT, not going to set off red flags, but lenders will pull plug on patterns. Your essentially not paying debt when shuffling between accounts.
You may not see it, but lenders are constantly SP reports, and watching accounts. Algorithms are smart and watch trends and patterns, and can easily flag account for unusual, fraudulent, suspicious behaviors.

Ok. TY. I'm planning to do it for the points probably one or two months (once or twice) and simply move the monthly transaction over to my primary at NFCU. Hoping to do it after NFCU reviews my account after 3 months and maybe increases my CL... 🙏🏻🤞🏻🙏🏻 (Oh please, Oh please).

Do you think doing it two times would be ok?

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

blindambition — Mon, 22 Mar 2021 20:57:10 GMT

@Anonymous wrote:
@blindambition wrote:
That will depend on lender. If you do a single BT, not going to set off red flags, but lenders will pull plug on patterns. Your essentially not paying debt when shuffling between accounts.
You may not see it, but lenders are constantly SP reports, and watching accounts. Algorithms are smart and watch trends and patterns, and can easily flag account for unusual, fraudulent, suspicious behaviors.
Ok. TY. I'm planning to do it for the points probably one or two months (once or twice) and simply move the monthly transaction over to my primary at NFCU. Hoping to do it after NFCU reviews my account after 3 months and maybe increases my CL... 🙏🏻🤞🏻🙏🏻 (Oh please, Oh please).

Do you think doing it two times would be ok?

Hard to say! Lenders are much more cautious in the current economic climate.

Your building your profile up. I'd practice good behaviors and history. Not do anything that might single out accounts.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

coldfusion — Mon, 22 Mar 2021 21:28:59 GMT

@Anonymous wrote:
@blindambition wrote:
That will depend on lender. If you do a single BT, not going to set off red flags, but lenders will pull plug on patterns. Your essentially not paying debt when shuffling between accounts.
You may not see it, but lenders are constantly SP reports, and watching accounts. Algorithms are smart and watch trends and patterns, and can easily flag account for unusual, fraudulent, suspicious behaviors.
Ok. TY. I'm planning to do it for the points probably one or two months (once or twice) and simply move the monthly transaction over to my primary at NFCU. Hoping to do it after NFCU reviews my account after 3 months and maybe increases my CL... 🙏🏻🤞🏻🙏🏻 (Oh please, Oh please).

Do you think doing it two times would be ok?

I wouldn't do it twice, it could be seen as you having issues with cash flow, meaning there is an increased likelihood of default.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

FinStar — Mon, 22 Mar 2021 22:08:12 GMT

@Anonymous congrats on the unsolicited CLI! It doesn't matter how much it is, it's the fact that it happened. Small victories are always great stepping stones. Thanks for sharing as I'm sure others can learn from your journey 👍. Keep up with the great work you've done so far.

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

Anonymous — Mon, 22 Mar 2021 23:59:30 GMT

@coldfusion wrote:
@Anonymous wrote:
@blindambition wrote:
That will depend on lender. If you do a single BT, not going to set off red flags, but lenders will pull plug on patterns. Your essentially not paying debt when shuffling between accounts.
You may not see it, but lenders are constantly SP reports, and watching accounts. Algorithms are smart and watch trends and patterns, and can easily flag account for unusual, fraudulent, suspicious behaviors.
Ok. TY. I'm planning to do it for the points probably one or two months (once or twice) and simply move the monthly transaction over to my primary at NFCU. Hoping to do it after NFCU reviews my account after 3 months and maybe increases my CL... 🙏🏻🤞🏻🙏🏻 (Oh please, Oh please).

Do you think doing it two times would be ok?
I wouldn't do it twice, it could be seen as you having issues with cash flow, meaning there is an increased likelihood of default.

Thanks so much! I appreciate that! As stated earlier, clueless and, in my case, also aggressive. 😂😁😇 Great learning and leaving a bread crumb trail for others. 🙏🏻

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

SEAlifer — Tue, 23 Mar 2021 06:05:40 GMT

Re: Small Squeal of Joy Capital One Gave Unsolicited Credit Line Increase Secured Card

mgood — Tue, 23 Mar 2021 13:01:46 GMT

Congratulations!