topic Re: Capital Ones Highest Limits? in Credit Cards

Capital Ones Highest Limits?

Anonymous — Sat, 12 Jan 2019 03:19:48 GMT

Long story short Got a Capital One Quicksilver credit card $500 limit back in 2015 at 25% Interest which at the time I had no credit since I had a bunch of charges removed during that time, but had 1 old closed account from 2006 still on my report, which helped out a little bit. The credit limit increased slowly during these 3 years but only to $2k About a year ago I was offered an upgrade to a Platinum card with the same terms. 7 Months ago, I requested a credit increase and they gave $4.5k, Ive had so many issues with Capital One requesting credit increases and giving so many excuses why I have been denied, from not making larger than monthly minimum payments continuously to my account is eligible for an increase at this time. I just recently requested another credit increase and again I was denied and wondering the hecks Capital Ones problem is. The 25% interest rate is horrible but considering I am at 760 across the board on the 3 bureaus and with this being my only credit card, I think I should at least get a higher limit.

Re: Capital Ones Highest Limits?

Anonymous — Sat, 12 Jan 2019 03:56:52 GMT

Score is just one of many factors, income, DTI, payment habits and usage all play a role, specially usage when it comes with CapOne. I have been denied CLI 9 straight times since 6/30/17 for not enough usage, my scores are in 830s.

Re: Capital Ones Highest Limits?

Anonymous — Sat, 12 Jan 2019 03:59:09 GMT

You're bucketed with that starter card. It won't ever grow the way you want it to. If you want a higher limit, you'll need to open a new card with Capital One if you think the pull on each bureau is worth it.

Personally, with your score and single card, I would be checking Discover for prequalified offers. They seem to really like to approve people who don't have a lot of cards and the first year is 2% back on everything and 10% back on rotating categories (you get the regular 1% and 5% on your statements and then after your first 12 billing cycles ends you get a match for all of the cash back you earned).

Capital One is known far too well around here for their horrible bucketing policies. I keep my Cap because it is my oldest card and has no annual fee but it gets a couple bucks here and there now that I've gotten a portfolio of much better cards.

Re: Capital Ones Highest Limits?

Brian_Earl_Spilner — Sat, 12 Jan 2019 04:22:37 GMT

Use it very heavily for 3 months straight. You'll get a CLI.

Re: Capital Ones Highest Limits?

Anonymous — Sat, 12 Jan 2019 04:48:29 GMT

@Brian_Earl_Spilner wrote:
Use it very heavily for 3 months straight. You'll get a CLI.

OP seems to be around $6.5K an DPs suggest that starter cards will only grow to around 8K. I've seen multiple reports of them stopping at $8250 which is, coincidentally, where my own stopped in March.

Much better to get a card with much more favorable terms than try to keep squeezing out that final $1750 on this one. OP's scores would get them any card of their choosing depending on their income.

Re: Capital Ones Highest Limits?

wasCB14 — Sat, 12 Jan 2019 04:54:56 GMT

You "upgraded" from QS to Platinum? To the limited extent I'm familiar with those cards, that would be a downgrade. What are the rewards and annual fees, if any, involved? Maybe you mean QS1 to a Platinum-with-rewards variant? Was there an APR reduction?

Perhaps move on to greener pastures. With 760+ scores, you can be fairly picky about who you do business with.

@Brian_Earl_Spilner wrote:
Use it very heavily for 3 months straight. You'll get a CLI.

The suitability of this would depend on the card terms. If it's an inherently lousy card, a CLI might not really be that useful vs. a new and better account.

Re: Capital Ones Highest Limits?

FireMedic1 — Sat, 12 Jan 2019 10:05:11 GMT

Op you originally got the Plat and upgraded to the QS with that SL amount. When you went online to upgrade they had the same card you were oringianlly approved for. In turn no upgrade because it was the same Platinum. You got a bucket card. 2015-16 QS starting CL's was $5000+ WEMC's then to VS's for the regular non upgraded QS. I had both starters then moved up to their top 3 tier Cap1 cards that all started at $10,000 a piece. That will explain your situation. If you apply for the regular QS now. (triple pull) Yes it will be as higher SL and lower interest. Call it like I did back then Plat/QS. With your scores now. You have a lot of open doors to get what you want more now than back then. Good Luck!

Re: Capital Ones Highest Limits?

AverageJoesCredit — Sat, 12 Jan 2019 11:59:26 GMT

Problem i see is its your only credit card. You need to branch out. 760 will get you most major credit cards snd there are plenty of lenders where growth is more possible than Capitil One. Lender diversity is good so that when one card doesnt work, you have other options.

Re: Capital Ones Highest Limits?

CramEiko — Sat, 12 Jan 2019 14:05:53 GMT

So, Mine started with a $300 CL in 2015 @ 25% (YUK) and is now at $8k and holding. Not to dissapoint you or anything but, have you looked at your intrests rate on that card lately? With rates going up mine is now at 27%. Never missed a payment and always PIF. It is now a SD card getting $20 spend every 3 mo or so. Cap1 has only been able to offer me rate reductions that last 7 mo at a time. in April this SD card hits 4 yrs in age. I'd cancel it but since there isn't an AF I'll just let it cozy up in the SD. I even told the CSR rep that if Cap1 wanted me to use the card, decrease my APR as if I were app'n for a new one. So much for "customer relationships".

"It's Not in my Wallet" now...... Bahahaha

Good Luck!

Re: Capital Ones Highest Limits?

Anonymous — Sat, 12 Jan 2019 16:59:50 GMT

Thanks for all the great information, I am versed in credit but as always seeking new information on how the companies operate. I have a complicated credit history and have a business and will be obtaining a property in a few months or as the markets slides down.

2008 is all I need to say, 7 accounts went into charge off status. I didnt do a BK, so they just fell off in 2015. AE, BofA, Chase, Citi, Disc, Wells I am aware of blacklisted companies. I have a business banking account with BofA and personal account with BBVA. At the time in 2015 I had only 1 past good standing account that had been closed for not using the card enough, it helped me get the QS1 (not qs as I said before). I have an income of $73k My DTI is at 11% and only credit card is the Capital One. Credit score is 760 to 780 depending on which one is viewed. Again due to a property purchase coming up, I am very careful to obtain new credit for my personal self I dont mind taking 2 inquires for the business side as long its not reported on my personal credit report as BBVA would do if I got a business credit card with them. My Business has 1 Chevron gas card $8k in it own tax id and I am not the personal guarantor on this card. So yes I am aware I can obtain better credit limits with other companies, but at the moment I am just trying to up the credit limit on my current card, if I can get it to $8k that would be fine with me.

Re: Capital Ones Highest Limits?

Loquat — Sat, 12 Jan 2019 18:02:14 GMT

@Anonymous wrote:
@Brian_Earl_Spilner wrote:
Use it very heavily for 3 months straight. You'll get a CLI.
OP seems to be around $6.5K an DPs suggest that starter cards will only grow to around 8K. I've seen multiple reports of them stopping at $8250 which is, coincidentally, where my own stopped in March.

Much better to get a card with much more favorable terms than try to keep squeezing out that final $1750 on this one. OP's scores would get them any card of their choosing depending on their income.

@Anonymous I may be a very small percentage of those exempt from this common practice. I got my QS1 during my BK13 and since then it has grown and been PC'd into the Savor WMC currently at $44.5k. I did roll a Venture into it some time ago and that was around 10k I believe. So even without rolling that one card into it I would still be at $34.5k. Again, I'm sure I'm probably one of the very few who were the exception to this common thought of being bucket'd.

Re: Capital Ones Highest Limits?

Anonymous — Sat, 12 Jan 2019 18:21:05 GMT

@Loquat wrote:
@Anonymous wrote:
@Brian_Earl_Spilner wrote:
Use it very heavily for 3 months straight. You'll get a CLI.
OP seems to be around $6.5K an DPs suggest that starter cards will only grow to around 8K. I've seen multiple reports of them stopping at $8250 which is, coincidentally, where my own stopped in March.

Much better to get a card with much more favorable terms than try to keep squeezing out that final $1750 on this one. OP's scores would get them any card of their choosing depending on their income.
@Anonymous I may be a very small percentage of those exempt from this common practice. I got my QS1 during my BK13 and since then it has grown and been PC'd into the Savor WMC currently at $44.5k. I did roll a Venture into it some time ago and that was around 10k I believe. So even without rolling that one card into it I would still be at $34.5k. Again, I'm sure I'm probably one of the very few who were the exception to this common thought of being bucket'd.

Did it start at $500? There seem to be multiple buckets and the $500 ones end up where mine did.

Obviously things aren't the same for everyone as a lot of people don't get much after their credit steps increase and are amazed at the limit I currently have on it but I've seen a few people on here who started at $500 and ended up stopping right where I did and they had a lot more spend than I ever could have at my current income level.

Re: Capital Ones Highest Limits?

Loquat — Sat, 12 Jan 2019 23:52:25 GMT

@Anonymous wrote:
@Loquat wrote:
@Anonymous wrote:
@Brian_Earl_Spilner wrote:
Use it very heavily for 3 months straight. You'll get a CLI.
OP seems to be around $6.5K an DPs suggest that starter cards will only grow to around 8K. I've seen multiple reports of them stopping at $8250 which is, coincidentally, where my own stopped in March.

Much better to get a card with much more favorable terms than try to keep squeezing out that final $1750 on this one. OP's scores would get them any card of their choosing depending on their income.
@Anonymous I may be a very small percentage of those exempt from this common practice. I got my QS1 during my BK13 and since then it has grown and been PC'd into the Savor WMC currently at $44.5k. I did roll a Venture into it some time ago and that was around 10k I believe. So even without rolling that one card into it I would still be at $34.5k. Again, I'm sure I'm probably one of the very few who were the exception to this common thought of being bucket'd.
Did it start at $500? There seem to be multiple buckets and the $500 ones end up where mine did.

Obviously things aren't the same for everyone as a lot of people don't get much after their credit steps increase and are amazed at the limit I currently have on it but I've seen a few people on here who started at $500 and ended up stopping right where I did and they had a lot more spend than I ever could have at my current income level.

@Anonymous My QS1 started at $1k in credit steps.

Re: Capital Ones Highest Limits?

Anonymous — Sun, 13 Jan 2019 00:09:21 GMT

@Loquat wrote:
@
@Anonymous wrote:
@Loquat wrote:
@Anonymous wrote:
@Brian_Earl_Spilner wrote:
Use it very heavily for 3 months straight. You'll get a CLI.
OP seems to be around $6.5K an DPs suggest that starter cards will only grow to around 8K. I've seen multiple reports of them stopping at $8250 which is, coincidentally, where my own stopped in March.

Much better to get a card with much more favorable terms than try to keep squeezing out that final $1750 on this one. OP's scores would get them any card of their choosing depending on their income.
@Anonymous I may be a very small percentage of those exempt from this common practice. I got my QS1 during my BK13 and since then it has grown and been PC'd into the Savor WMC currently at $44.5k. I did roll a Venture into it some time ago and that was around 10k I believe. So even without rolling that one card into it I would still be at $34.5k. Again, I'm sure I'm probably one of the very few who were the exception to this common thought of being bucket'd.
Did it start at $500? There seem to be multiple buckets and the $500 ones end up where mine did.

Obviously things aren't the same for everyone as a lot of people don't get much after their credit steps increase and are amazed at the limit I currently have on it but I've seen a few people on here who started at $500 and ended up stopping right where I did and they had a lot more spend than I ever could have at my current income level.
@Anonymous My QS1 started at $1k in credit steps.

Yeah the $1K ones seem to be looser buckets than the $500s. I've seen multiple reports of huge limits happening with those. Although I've seen just as many get stuck much lower than I'm at now. I think a lot of it has to do with when you got the card and how tight Cap was being with bucketed cards at that time.

Re: Capital Ones Highest Limits?

Anonymous — Mon, 14 Jan 2019 19:08:06 GMT

How accurate is Discover Credit Scoreboard? Seems because I paid down my card im at 801 on the Fico score there?

Re: Capital Ones Highest Limits?

Remedios — Mon, 14 Jan 2019 19:18:53 GMT

@Anonymous wrote:
How accurate is Discover Credit Scoreboard? Seems because I paid down my card im at 801 on the Fico score there?

It's your EX Fico 8 on a day you checked it.

Re: Capital Ones Highest Limits?

Drwaz99 — Mon, 14 Jan 2019 19:27:02 GMT

I'm not sure how much this helps in regards to a more recent/current context, but my parents have a 25-year-old Cap1 Platinum with an 18k limit. It's their back-up card and only sees sporadic use. I've mentioned possibly PC'ing it to other, possibly better products and they just shrug it off as they are comfortable with it as is.

Re: Capital Ones Highest Limits?

Anonymous — Tue, 15 Jan 2019 23:17:40 GMT

I am going to reapply for a credit limit increase in a month or 2 and let the last denial cool off

Re: Capital Ones Highest Limits?

Anonymous — Mon, 28 Jan 2019 03:07:41 GMT

It's different for everyone. No rhyme or reason. I do think they like to see a lot of usage of the card and making multiple payments monthly. I know several people who started out with $300 lines and were increased to $2500 to $3000 after 5-6 months. I was upgraded from the platinum to the regular quick silver after only 3 months. Which has $1000-10000 credit line. Just keep trying and if you don't get the increase go for another card w/them

Re: Capital Ones Highest Limits?

Anonymous — Tue, 29 Jan 2019 17:27:44 GMT

Someone had posted a link to see if one can upgrade cards, I followed the link and said I was able to upgrade to Venture One and all terms are the same as is the credit limit of $4500???? I took it anyways