topic Re: Capital one Secured card credit limit increase in Credit Cards

Capital one Secured card credit limit increase

Dwalker92 — Tue, 14 Mar 2023 03:21:08 GMT

First time posting on this site but figured I could get some info or advice. I applied for capital one secured card and approved/opened on 09/09/2022. I just hit my 6th statement and I was under the impression that if you made your first 6 payments ontime they increased your limit.

When I try to apply for a CLI, it denies it saying the type of account I have doesnt allow unsecured CLI.

I called C1 today and she told me the routinely review for increases. But im not understanding bc their site says after the 6th payment.

Has anyone else with this card gotten a CLI after their 6th payment?

Re: Capital one Secured card credit limit increase

sznthescore — Tue, 14 Mar 2023 03:39:58 GMT

Did your 6th statement cut yet?

Re: Capital one Secured card credit limit increase

OmarGB9 — Tue, 14 Mar 2023 03:33:49 GMT

@Dwalker92 wrote:
First time posting on this site but figured I could get some info or advice. I applied for capital one secured card and approved/opened on 09/09/2022. I just hit my 6th statement and I was under the impression that if you made your first 6 payments ontime they increased your limit.

When I try to apply for a CLI, it denies it saying the type of account I have doesnt allow unsecured CLI.

I called C1 today and she told me the routinely review for increases. But im not understanding bc their site says after the 6th payment.

Has anyone else with this card gotten a CLI after their 6th payment?

Where in the site did you see that the CLI is like guaranteed? Because when I look up the secured card on their website, all I see is

Automatic Credit Line Reviews

Be automatically considered for a higher credit line in as little as 6 months.

https://www.capitalone.com/credit-cards/platinum-secured/

Re: Capital one Secured card credit limit increase

captainsensation — Tue, 14 Mar 2023 20:36:52 GMT

They dont guarantee that. I fell for that same thing. It can take over 2 years so youll have to be patient. It really depends on how much use you are putting on the card from what ive been seeing.

Re: Capital one Secured card credit limit increase

NoMoreE46 — Thu, 16 Mar 2023 00:45:59 GMT

Welcome @Dwalker92. Keep at it.

The 6 month time passage is not a guarantee factor as @captainsensation noted for CLI - it is a part for consideration.

Re: Capital one Secured card credit limit increase

Dwalker92 — Thu, 16 Mar 2023 00:50:09 GMT

Oh great. And I spend up to my limit and then pay it off multiple times per month. I put at least $700 a month on it.

Re: Capital one Secured card credit limit increase

Dwalker92 — Thu, 16 Mar 2023 00:53:10 GMT

it did . I have 6 september through march. Unless they dont count the first month since it was shorter. But the main reason before the 6th statement I kept getting for denial was " account too new".

Re: Capital one Secured card credit limit increase

Dwalker92 — Thu, 16 Mar 2023 00:54:26 GMT

I def did take that as after 6 months i would. I had this card in college as my first and I remeber after 6th month I got one but i guess things have change since then.

Re: Capital one Secured card credit limit increase

Dwalker92 — Thu, 16 Mar 2023 00:55:16 GMT

I appreciate everyone advice and thank you for mentioning me bc I never got an notificationa for any of the other replies.

Re: Capital one Secured card credit limit increase

Chazzay12 — Thu, 16 Mar 2023 02:07:18 GMT

@Dwalker92 wrote:
I appreciate everyone advice and thank you for mentioning me bc I never got an notificationa for any of the other replies.

@Dwalker92 If you check the box "email me when someone replies" on bottom left you should get one when someone does

also, you can click the "quote" button top right will help knowing who you're responding too.

sounds like you're on the right track tho! Keep waiting it out and hopefully they will unsecure your card too. Also check out other options if your score has increased

Re: Capital one Secured card credit limit increase

EAJuggalo — Thu, 16 Mar 2023 10:57:18 GMT

@Dwalker92 wrote:
I def did take that as after 6 months i would. I had this card in college as my first and I remeber after 6th month I got one but i guess things have change since then.

You are probably remembering their "Credit Steps" program that they had many years ago. I had two cards that used it in 2016, where once you had six statements cut and five payments made on time they would give you a CLI of a minimum of $300 or double your CL. They haven't had that for a long time. Right now with CapOne, you need to relax and let the card work for you. There is no benefit to mashing the luv button when you know you're not eligible. Allow them to unsecure your card, which will probably come with a CLI.

Re: Capital one Secured card credit limit increase

OmarGB9 — Fri, 17 Mar 2023 00:29:24 GMT

@EAJuggalo wrote:
@Dwalker92 wrote:
I def did take that as after 6 months i would. I had this card in college as my first and I remeber after 6th month I got one but i guess things have change since then.
You are probably remembering their "Credit Steps" program that they had many years ago. I had two cards that used it in 2016, where once you had six statements cut and five payments made on time they would give you a CLI of a minimum of $300 or double your CL. They haven't had that for a long time. Right now with CapOne, you need to relax and let the card work for you. There is no benefit to mashing the luv button when you know you're not eligible. Allow them to unsecure your card, which will probably come with a CLI.

This, but also, I got a Cap One Platinum card back in Dec 2021, and I believe it was still enrolled in credit steps.