topic Re: CapOne secured Platinum Mastercard graduated in Credit Cards

CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 29 Oct 2017 01:18:53 GMT

My CapOne secured Platinum Mastercard was upgraded to unsecured today after having had it for 10 months. My 49.00 security deposit was refunded and applied to my balance. So that's confirmation that fairly recently issued secured Platinum cards do now graduate to unsecured.

Next step is to see if I can get them to increase the limit or upgrade the card to a QS (I already have the QS1) ... but I'll wait until I'm out of the garden April 3rd.

Re: CapOne secured Platinum Mastercard graduated

Adkins — Sun, 29 Oct 2017 01:45:47 GMT

Congratulations on the card unsecuring!

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 29 Oct 2017 02:52:21 GMT

@Anonymous wrote:
My CapOne secured Platinum Mastercard was upgraded to unsecured today after having had it for 10 months. My 49.00 security deposit was refunded and applied to my balance. So that's confirmation that fairly recently issued secured Platinum cards do now graduate to unsecured.

Next step is to see if I can get them to increase the limit or upgrade the card to a QS (I already have the QS1) ... but I'll wait until I'm out of the garden April 3rd.

Congratulations on that! My second card ( unsecured) is with cap1 also Plat MC. They gave me a toy limit but I'm happy 😊

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 29 Oct 2017 04:05:15 GMT

That is so cool!

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 29 Oct 2017 17:25:46 GMT

Congrats!

My secured Platinum was approved in May but I didn’t get the card activated until July since I was aiming to max out the deposit before the activation deadline.

Love these data points and am hoping I graduate around 10-11 months as well but who knows!

What were your FICO08s on approval and at graduation?

Re: CapOne secured Platinum Mastercard graduated

andreia — Tue, 31 Oct 2017 00:40:50 GMT

How did you go about getting it upgraded? When I inquired about turning my secured platinum card into an unsecured card, I was told there was no way that could be done.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Tue, 31 Oct 2017 00:49:46 GMT

@andreia wrote:
How did you go about getting it upgraded? When I inquired about turning my secured platinum card into an unsecured card, I was told there was no way that could be done.

It depends when you first opened the account. Accounts before a certain date in 2016 will likely never graduate, accounts open after a certain date have an option to upgrade automatically at some point in the future.

Do you know your opening date?

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 05 Nov 2017 04:37:50 GMT

Hi ABCD2199,

"What were your FICO08s on approval and at graduation?"

I didn't have a FICO score when I was approved for the card (didn't have 6 months credit history then) but my creditkarma FAKO scores were very low 600s. When it graduated my FICOs were 733 / 733 / 734.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 05 Nov 2017 04:39:34 GMT

@andreia wrote:
How did you go about getting it upgraded? When I inquired about turning my secured platinum card into an unsecured card, I was told there was no way that could be done.

It was an auto upgrade. I didn't need to request it.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 05 Nov 2017 05:05:54 GMT

That's good to hear. I opened at Cap1 secured card in July 2017. I was thinking of moving away from Cap1 if they wouldn't graduate it but if they end up doing it, I'll reconsider. It'll be at least a year before I apply for anything else though. Current cards are Cap1 secured ($200), Discover It secured ($200) and Amex Everday ($2000).

Re: CapOne secured Platinum Mastercard graduated

HeavenOhio — Sun, 05 Nov 2017 06:19:56 GMT

@Anonymous wrote:
My CapOne secured Platinum Mastercard was upgraded to unsecured today after having had it for 10 months. My 49.00 security deposit was refunded and applied to my balance. So that's confirmation that fairly recently issued secured Platinum cards do now graduate to unsecured.

Next step is to see if I can get them to increase the limit or upgrade the card to a QS (I already have the QS1) ... but I'll wait until I'm out of the garden April 3rd.

Capital One limit increase requests are soft pulls, meaning that they don't affect your gardening status. The only restriction is that you have to wait six months after your previous increase. If you're declined for an increase, the clock isn't reset; you can request again soon. And if you're offered an increase that you don't think is high enough, you can decline and ask again as soon as you think you might get a better offer.

Also, product changes don't involve any kind of pull. You can check in every month or so until an offer appears. Make sure the offer is for a full Quicksilver with no fee rather than for a QuicksilverOne.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Sun, 05 Nov 2017 08:11:18 GMT

Congratulations on your card graduation!

Re: CapOne secured Platinum Mastercard graduated

marty56 — Sun, 05 Nov 2017 12:04:00 GMT

Just stay in the Garden and use often and PIF and after a year or two you will be well on your way. The hardest part in improving your credit profile is waiting. It will be worth it.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Mon, 06 Nov 2017 02:45:20 GMT

@HeavenOhio wrote:
@Anonymous wrote:
My CapOne secured Platinum Mastercard was upgraded to unsecured today after having had it for 10 months. My 49.00 security deposit was refunded and applied to my balance. So that's confirmation that fairly recently issued secured Platinum cards do now graduate to unsecured.

Next step is to see if I can get them to increase the limit or upgrade the card to a QS (I already have the QS1) ... but I'll wait until I'm out of the garden April 3rd.
Also, product changes don't involve any kind of pull. You can check in every month or so until an offer appears.

That's great to know ... but I don't know what you mean by "an offer appears". Do you mean they will send me product change offers?

Re: CapOne secured Platinum Mastercard graduated

HeavenOhio — Mon, 06 Nov 2017 03:06:39 GMT

More than likely, you'll have to call periodically and ask. About once a month is good.

Or as an option, you can try the link in the first post in this thread:

Capital One check for upgrade link

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Mon, 06 Nov 2017 14:57:51 GMT

Congrats on the upgrade! Question, what was your original limit on the Secured card? Did you get the credit steps increase at 5-6 months and if so how much was it? Just curious, I opened mine in May and I have made the first 5 monthly payments on time, but haven't received the increase. Hoping my card graduates in the future as well.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Mon, 06 Nov 2017 19:17:54 GMT

@HeavenOhio wrote:

Or as an option, you can try the link in the first post in this thread:

Capital One check for upgrade link

That worked, thanks! I checked the upgrade link and there was an offer to upgrade the platinum to QS.

Re: CapOne secured Platinum Mastercard graduated

Anonymous — Mon, 06 Nov 2017 19:25:50 GMT

@Anonymous wrote:
Congrats on the upgrade! Question, what was your original limit on the Secured card? Did you get the credit steps increase at 5-6 months and if so how much was it? Just curious, I opened mine in May and I have made the first 5 monthly payments on time, but haven't received the increase. Hoping my card graduates in the future as well.

The original limit was 500.00. I didn't get any step increases.