topic Re: Spending and paying on capital one in Credit Cards

Spending and paying on capital one

Anonymous — Thu, 05 Oct 2017 21:46:39 GMT

I can't remember. ... but somewhere was posted talking about this but I can't find it...

When you have the capital one platinum card....are you suppose to use your credit card monthly as well as paying for the 5th statement "credit limit increase ".... ? Do you still get your CLI if you skip a month in spending?

Also, after you get the CLI on the platinum , would it be wise if I have the qs1 card ,with 1250 limit on it 0 balance, to combine the qs1 into the platinum card and then I would assume doing that would close the qs1 card.....then could I get by with upgrading the platinum card to just a plain quicksilver card since it's so hard to upgrade the qs1?

Hopefully yall can make sense of my plan and are able to chime in....

Thanks yall

Re: Spending and paying on capital one

Shooting-For-800 — Thu, 05 Oct 2017 22:10:35 GMT

The more you use it and pay it off the more obvious it is to them that you need more credit and can handle more credit.

I use my cards for everything and pay large payments WEEKLY.

Some cards will have glass ceilings. If your credit improves dramatically, its easier to open a new Cap One card with better interest rate and higher limit than to modify an existing account that was opened with worse credit.

I did receive a $9,000 CLI on one card, but found it much easier to get new accounts than large CLI.

YMMV.

Re: Spending and paying on capital one

Meanmchine — Thu, 05 Oct 2017 22:16:11 GMT

It would be easier for me to hit the power ball lottery then it would be to get a $9k CLI from Cap1

Re: Spending and paying on capital one

Anonymous — Thu, 05 Oct 2017 22:22:40 GMT

+1 SF800's advoce... use as much as you can and PIF as often as needed to be able to keep charging.

I wanted to add though, you do not have to pay for a CLI, the steps increase or any other CLI, with Cap1.

I also would recommend combining after you get converted to QS, I'm not a fan of AF cards, especially when they offer nothing over the no AF version.

Re: Spending and paying on capital one

Anonymous — Thu, 05 Oct 2017 22:24:03 GMT

I thought capital one would only allow you to have only 2 cards at a time..unless I misunderstood post I read a while back....

That's why I was thinking since I read qs1 is hard to upgrade... I just figured combine that card with my platinum (letting qs1 close) and taking the limit on the platinum card (after combining qs1 into it) then upgrading that platinum card into a plain quicksilver card.

Right now I have had the qs1 card for almost 3 years with a 1250 limit on it and zero balance! And my platinum card I just got it in July 17 and has a 1000 limit on it with a zero balance. I have used both cards and right now are PIF. I just want to get away from qs1 and platinum and get a plain quicksilver card.

Anyone think it's possible? And will I receive Mt builder step increase if I did skip a month in spending? Because I did.

Re: Spending and paying on capital one

Shooting-For-800 — Fri, 06 Oct 2017 00:09:59 GMT

@Meanmchine wrote:
It would be easier for me to hit the power ball lottery then it would be to get a $9k CLI from Cap1

I would look at the prequalify page since you are in the 700s.

I got denied CLI on both my existing accounts (25k and 23k).

I was not suprised since those are pretty high limits (for me at least).

Then I looked on prequal page and was preapproved for another Venture but at 13.99% (much lower than other ones)

I applied and got $30,000!

$30k after being denied CLI.

I almost hit the floor.

My scores only average around 700.

Know, I do spend A LOT with them. A LOT. so YMMV.

Re: Spending and paying on capital one

Shooting-For-800 — Fri, 06 Oct 2017 00:18:55 GMT

@Anonymous wrote:
I thought capital one would only allow you to have only 2 cards at a time..unless I misunderstood post I read a while back....

That's why I was thinking since I read qs1 is hard to upgrade... I just figured combine that card with my platinum (letting qs1 close) and taking the limit on the platinum card (after combining qs1 into it) then upgrading that platinum card into a plain quicksilver card.

Right now I have had the qs1 card for almost 3 years with a 1250 limit on it and zero balance! And my platinum card I just got it in July 17 and has a 1000 limit on it with a zero balance. I have used both cards and right now are PIF. I just want to get away from qs1 and platinum and get a plain quicksilver card.

Anyone think it's possible? And will I receive Mt builder step increase if I did skip a month in spending? Because I did.

2 starter cards I believe.

5 total cards I believe.

I had 5 at one time. Combined 4 into 2, closed the other one, and just got a new one.

Yes, it is possible to graduate to QS from lower.

My 25k Venture started as a $3k platinum or QS1 to $12k QS to $12k World MC Venture before combining with a $13k QS.

Re: Spending and paying on capital one

kilj0y — Fri, 06 Oct 2017 00:39:28 GMT

@Anonymous wrote:
I thought capital one would only allow you to have only 2 cards at a time..unless I misunderstood post I read a while back....

That's why I was thinking since I read qs1 is hard to upgrade... I just figured combine that card with my platinum (letting qs1 close) and taking the limit on the platinum card (after combining qs1 into it) then upgrading that platinum card into a plain quicksilver card.

Right now I have had the qs1 card for almost 3 years with a 1250 limit on it and zero balance! And my platinum card I just got it in July 17 and has a 1000 limit on it with a zero balance. I have used both cards and right now are PIF. I just want to get away from qs1 and platinum and get a plain quicksilver card.

Anyone think it's possible? And will I receive Mt builder step increase if I did skip a month in spending? Because I did.

have you tried the check for upgrade link?

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

a lot of people have reported upgrading their qs1 to a regular qs.

Re: Spending and paying on capital one

HeavenOhio — Fri, 06 Oct 2017 01:27:11 GMT

@Shooting-For-800 wrote:
2 starter cards I believe.

5 total cards I believe.

It's definitely five total cards. That information is on Captial One's website. Two starter cards has been reported enough on these forums that I think it's safe to go with that.

Re: Spending and paying on capital one

Anonymous — Fri, 06 Oct 2017 02:31:58 GMT

@Anonymous wrote:
I thought capital one would only allow you to have only 2 cards at a time..unless I misunderstood post I read a while back....

That's why I was thinking since I read qs1 is hard to upgrade... I just figured combine that card with my platinum (letting qs1 close) and taking the limit on the platinum card (after combining qs1 into it) then upgrading that platinum card into a plain quicksilver card.

Right now I have had the qs1 card for almost 3 years with a 1250 limit on it and zero balance! And my platinum card I just got it in July 17 and has a 1000 limit on it with a zero balance. I have used both cards and right now are PIF. I just want to get away from qs1 and platinum and get a plain quicksilver card.

Anyone think it's possible? And will I receive Mt builder step increase if I did skip a month in spending? Because I did.

If that was in response to me, we are saying the same steps I am just suggesting a different order. Upgrade to QS first. For that matter, chat now and see if you are eligible for upgrade. I got DH's upgraded to QS well before the steps increase. Then combine qs1 to the plat>qs account after the steps.

And yes, you will still receive your steps increase even if you didn't spend every month.

Re: Spending and paying on capital one

Anonymous — Sat, 07 Oct 2017 01:58:13 GMT

All great feedback....exactly what I was trying to find out.

Thank you everyone. Much appreciated 😉

Re: Spending and paying on capital one

Anonymous — Sat, 07 Oct 2017 02:01:05 GMT

I tried the upgrade link and it said it was not available....I can't remember exactly what it said. I think the link may be dead now.

I had posted in the forum post where someone else had posted that link about what it said exactly. I will try to find link.

Re: Spending and paying on capital one

Anonymous — Sat, 07 Oct 2017 02:04:52 GMT

It's somewhere near bottom of page where I posted what it said for me.

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-check-for-upgrade-link/td-p/4934733/highlight/true/page/42

Re: Spending and paying on capital one

Anonymous — Sat, 07 Oct 2017 02:10:10 GMT

My account is current! No baddies on it at all!

Upgrade Not Available

Unfortunately, this upgrade is no longer available. This could be for a variety of reasons, including your account going into a default, restricted, closed, or changed status since we initially sent you this offer.

Re: Spending and paying on capital one

601flyguy — Sat, 07 Oct 2017 15:16:31 GMT

I've been trying to upgrade my qs1 to qs. AF due next month... The link usually shows that i can upgrade to the same qs1. It has been giving me the "not available" message for the past week. This is after receiving an auto cli, maybe that has something to do with it.

Re: Spending and paying on capital one

kilj0y — Sat, 07 Oct 2017 15:47:57 GMT

@Anonymous wrote:
My account is current! No baddies on it at all!

Upgrade Not Available

Unfortunately, this upgrade is no longer available. This could be for a variety of reasons, including your account going into a default, restricted, closed, or changed status since we initially sent you this offer.

it just means there is no upgrade available for you. I got that message for about a month, then one day I had an upgrade available from my platinum to a no fee quicksilver. just keep trying.

Re: Spending and paying on capital one

SomewhereIn505 — Sat, 07 Oct 2017 16:14:44 GMT

It took several months before I was offered the opportunity to upgrade Cap One Platinum to QS. Roughly a month after upgrading I was able to get a $100 CLI and I’m still on steps. While I have had several customer service reps give me different dates, I haven’t seen my steps increase yet. I’m thinking now it will be in December. 😣

I also got QS1 prior to the PC QS. I received notification that it, too was on steps with a date of March 2018. Once it receives its CLI, I’m planning on merging them together.

Re: Spending and paying on capital one

Anonymous — Sun, 08 Oct 2017 04:26:12 GMT

OK thanks yall for the feedback. I will definitely keep trying and after I get my credit steps I will do some combining😉 I'm thinking that happens in December this year.. that would be my 5 month.

Re: Spending and paying on capital one

Anonymous — Mon, 09 Oct 2017 02:57:57 GMT

@Anonymous wrote:

Anyone think it's possible? And will I receive Mt builder step increase if I did skip a month in spending? Because I did.

No, I don't think you'll receive the credit steps increase if you miss a month.