topic Re: Capital One Card Upgrade! in Credit Cards

Capital One Card Upgrade!

Anonymous — Sun, 16 Dec 2018 00:22:30 GMT

I currently have a Capital One Platinum Mastercard and a Quicksilver One. After reading about how the Platinum isn't the best for bigger CLs, I decided to message Capital One on facebook to see if I could upgrade my Platinum. They sent me a link in about 10 minutes to check for an upgrade. Turns out I was eligible! My Platinum is now a Quicksilver (yes, not a QS1, a QS)! My current score (616 TU according to CreditWise) would not get my approved for that card via an application. I LOVE Capital One! Easy access, good customer service, and it clearly pays off to have a good relationship with them.

Re: Capital One Card Upgrade!

FireMedic1 — Sun, 16 Dec 2018 00:26:18 GMT

Congrats on your upgrade. Now you can get cash back. Its how I started. Once you grow some more. Combine the QS1 to the QS and close it out and its 39.00 AF.

Re: Capital One Card Upgrade!

Anonymous — Sun, 16 Dec 2018 00:53:59 GMT

Already tried, gotta wait one more month till my QS1 has been open for 6 months.

Re: Capital One Card Upgrade!

KDKobes — Sun, 16 Dec 2018 01:14:11 GMT

Congrats!! I give CapOne respect points for helping me build my credit after my BK, but my FNB Cards are my favorite. Easy to deal with, local customer support, rewards are good, etc. I find CapOne to be very hard to read. I would keep both cards active for AAoA purposes (keep lengthing credit history) and upgrade the other to a Savor or VentureOne. I had 2 QS1 cards, one of which I upgraded to a VentureOne because I didn’t want an annual fee, my other QS1 has been my “dud” card until just a few days ago I finally got a $3,000 increase on it(the most it’s got before is $500 increments). Kind of surprised me because my other card I’ve been able to get 2x the CL & upgraded it so hence why the QS1 is called the “dud” card. For some reason my cards are on the flip-flop now with Cap1 as I got denied an increase on my Venture1 stating along the lines of “evaluating usage at assigned credit levels”, odd since I haven’t used the QS1 in many months yet I’ve PIF over $4,000 in that same period on my Venture1. Moral of the story is Cap1 is impossible to figure out anymore....probably why I don’t like them as much anymore.

Re: Capital One Card Upgrade!

Anonymous — Sun, 16 Dec 2018 01:22:17 GMT

Can I ask what type of credit you have from FNB, your history with them, and your scores upon approval? I've been looking into them as a possible bank to get a PLOC from

Re: Capital One Card Upgrade!

Anonymous — Sun, 16 Dec 2018 01:24:55 GMT

@KDKobes wrote:
Congrats!! I give CapOne respect points for helping me build my credit after my BK, but my FNB Cards are my favorite. Easy to deal with, local customer support, rewards are good, etc. I find CapOne to be very hard to read. I would keep both cards active for AAoA purposes (keep lengthing credit history) and upgrade the other to a Savor or VentureOne. I had 2 QS1 cards, one of which I upgraded to a VentureOne because I didn’t want an annual fee, my other QS1 has been my “dud” card until just a few days ago I finally got a $3,000 increase on it(the most it’s got before is $500 increments). Kind of surprised me because my other card I’ve been able to get 2x the CL & upgraded it so hence why the QS1 is called the “dud” card. For some reason my cards are on the flip-flop now with Cap1 as I got denied an increase on my Venture1 stating along the lines of “evaluating usage at assigned credit levels”, odd since I haven’t used the QS1 in many months yet I’ve PIF over $4,000 in that same period on my Venture1. Moral of the story is Cap1 is impossible to figure out anymore....probably why I don’t like them as much anymore.

Also thanks for the advice, I think I'll keep my current QS1 and see if I can upgrade to a Venture card in a few months.

Re: Capital One Card Upgrade!

KDKobes — Sun, 16 Dec 2018 04:51:50 GMT

I have 2 cards with them the FNB Complete Rewards Card (4 months old)(2% back into First National Account), & the Ducks Unlimited Visa (less than 1 month old)(5% back on gas/sporting goods). Both have $1,000 limits. My scores have been 660ish (Complete Rewards Card) & 678 (Ducks Unlimited) on approval, they don’t like more than a few INQ’s or new accounts, they don’t like higher balances on anything on your report either. My Complete Rewards Card I applied through my banker (definitely recommend doing so if you do) and originally got denied due to low credit score but my banker was able to get me approved due to our banking relationships (own a business). My Ducks Unlimited was denied as well due to too many INQ’s (7 at the time) but approved on recon. They always pull EX for me too. I’ve been to over half a dozen different banks & credit unions in my area then finally landed at First National Bank & been there since (over a couple years now).

@Anonymous wrote:
Can I ask what type of credit you have from FNB, your history with them, and your scores upon approval? I've been looking into them as a possible bank to get a PLOC from

Re: Capital One Card Upgrade!

FireMedic1 — Sun, 16 Dec 2018 10:19:38 GMT

@KDKobes wrote:
Congrats!! I give CapOne respect points for helping me build my credit after my BK, but my FNB Cards are my favorite. Easy to deal with, local customer support, rewards are good, etc. I find CapOne to be very hard to read. I would keep both cards active for AAoA purposes (keep lengthing credit history) and upgrade the other to a Savor or VentureOne. I had 2 QS1 cards, one of which I upgraded to a VentureOne because I didn’t want an annual fee, my other QS1 has been my “dud” card until just a few days ago I finally got a $3,000 increase on it(the most it’s got before is $500 increments). Kind of surprised me because my other card I’ve been able to get 2x the CL & upgraded it so hence why the QS1 is called the “dud” card. For some reason my cards are on the flip-flop now with Cap1 as I got denied an increase on my Venture1 stating along the lines of “evaluating usage at assigned credit levels”, odd since I haven’t used the QS1 in many months yet I’ve PIF over $4,000 in that same period on my Venture1. Moral of the story is Cap1 is impossible to figure out anymore....probably why I don’t like them as much anymore.

Bingo.same story here.

Re: Capital One Card Upgrade!

SomewhereIn505 — Sun, 16 Dec 2018 12:44:52 GMT

@FireMedic1 wrote:
Congrats on your upgrade. Now you can get cash back. Its how I started. Once you grow some more. Combine the QS1 to the QS and close it out and its 39.00 AF.

@FireMedic1 Love your siggy! RIP starter cards!

Re: Capital One Card Upgrade!

SomewhereIn505 — Sun, 16 Dec 2018 12:49:47 GMT

OP,

Congrats on getting the upgrade! The other responses are spot on. Cap One is a great rebuilder and will help give you more opportunities when rebuilding those scores.

The one thing I love about my QS is bring able to apply those cash rewards fairly quickly. Other issues makes you wait till you reach a certain threshold or have other rules for cash back.

Re: Capital One Card Upgrade!

CivalV — Sun, 16 Dec 2018 20:08:12 GMT

@FireMedic1 wrote:
Congrats on your upgrade. Now you can get cash back. Its how I started. Once you grow some more. Combine the QS1 to the QS and close it out and its 39.00 AF.

That is also what I plan to do for my accounts after I try for CLIs on both accounts. QS1 with a $2750 limit & my QS with only a $500 limit. I am eligible for another upgrade in 2 months. By then my total UTL will be less than 20% & my scores will boost. All of this is such a process. I have had my QS1 which was previously a Platnium for 6 1/2 years! Talk about a sprint in the credit world haha

Re: Capital One Card Upgrade!

Anonymous — Mon, 17 Dec 2018 01:22:20 GMT

I hate to rain on your parade, but when you originally applied for the card you were “tiered” into a sub-prime account. That account and any product from then until eternity will always be sub-prime regardless of the product (missing the “one” in the name or not).

You will need to reapply for a new card and get approved for a prime account with a prime credit line in order to have a card out of the sub-prime category.

Search for it on this board. You will find plenty of data to back me up.

I’m sorry. Cap1 is great, but they are tricky about sub-prime vs prime cards.

Re: Capital One Card Upgrade!

Anonymous — Mon, 17 Dec 2018 01:27:53 GMT

https://ficoforums.myfico.com/t5/Credit-Cards/Capital-One-out-of-the-bucket-or-not/td-p/5435951

Here’s a discussion on this topic happening now...

Edited for dropped link

Re: Capital One Card Upgrade!

J-F168 — Mon, 17 Dec 2018 06:03:39 GMT

Congrats OP!

Last December I was approved for a MC platinum, after 3-4 months I upgraded to QS, and till last week my only options was to Venture1, now I can Upgrade to Venture but not comfortable with paying $95 annual fee and not receiving bonus lol.

Re: Capital One Card Upgrade!

Shooting-For-800 — Sat, 12 Jan 2019 15:41:30 GMT

Congrats!

Use it, pay it, grow it.

Even if you get bucketed, you can still build a relationship with them.

You might have to open new cards every once you are 50 points higher, but you may get handsomely rewarded for doing so.

They have treated me like a king and I could not be happer.

I started with $3k about 5 years ago and my last SL was $30k and I now I have $80k+ unsecured with Cap One.

YMMV!

GL!

Re: Capital One Card Upgrade!

Pikaboo-icu — Tue, 29 Jan 2019 22:49:20 GMT

Right or wrong there's a way to say and a way NOT to say it.

You can add your own data points or opinion without being confrontational with other members..

Let's keep My Fico, friendly for everyone.. k

Re: Capital One Card Upgrade!

UncleB — Tue, 29 Jan 2019 22:42:40 GMT

Thread locked for moderator review.

--UB

Re: Capital One Card Upgrade!

UncleB — Tue, 29 Jan 2019 22:51:50 GMT

The thread is now reopened for new replies.

Multiple posts have been removed, and PMs will be sent where appropriate.

@Pikaboo-icu was right-on-point where she she stated above that there's a way to disagree without resorting to flaming.

Thanks to all who post in a Friendly, Supportive, and Respectful manner!

--UB

Re: Capital One Card Upgrade!

UncleB — Tue, 29 Jan 2019 23:17:40 GMT

@Anonymous wrote:
I hate to rain on your parade, but when you originally applied for the card you were “tiered” into a sub-prime account. That account and any product from then until eternity will always be sub-prime regardless of the product (missing the “one” in the name or not).

You will need to reapply for a new card and get approved for a prime account with a prime credit line in order to have a card out of the sub-prime category.

Search for it on this board. You will find plenty of data to back me up.

I’m sorry. Cap1 is great, but they are tricky about sub-prime vs prime cards.

For what it's worth, my own grandfathered Savor MasterCard was previously an Orchard Bank/HSBC Platinum card, so even though it might be 'bucketed' for CLIs it's still quite valuable to me.

FWIW, I was able to get the credit line from $300 to $5900, and that's without any account combinations. I have other cards that are much higher, but for my purposes it works quite well.

Also, prime/subprime is really subjective. To an Amex Centurion card holder an Amex Platinum card might be sub-prime. There's no official cut-off or definition for the designations.

Re: Capital One Card Upgrade!

Anonymous — Wed, 30 Jan 2019 03:55:51 GMT

I have little to complain about with Cap1 (other than being bucketed). I have been able to get my limit up to an amount that is middle tier for me, but respectable. What I appreciate the most is that they gave me a shot and second they are incredibly reliable. So if I gave anyone the wrong idea about them allow me to correct that. I don’t ever see myself severing my relationship with Cap1.