topic Re: Cap One QS "Bucket" in Credit Cards

Cap One QS "Bucket"

ajcredit — Fri, 16 Jun 2023 17:17:32 GMT

One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?

Re: Cap One QS "Bucket"

GZG — Sat, 17 Jun 2023 19:03:11 GMT

@ajcredit wrote:
One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?

it's unlikely you'll be 'unbucketed', but there is upwards potential, but there's no promise you'll ever get a CLI up to 3-6k total

it might be more than a few months of that maxing behavior before Cap1 acknowledges it in your CLI requests, but it also may never happen

if you actually want a cap1 card with a high limit, just check the pre-approval and apply (venture X won't show up, but if venture does it's a good sign)

assuming your profile is now clean and thick, you should get a nice limit with high upwards growth based on that massive spend

Re: Cap One QS "Bucket"

GApeachy — Fri, 16 Jun 2023 17:25:21 GMT

When answering their cli questions, what did you claim for future spend on that card? Esp. compared to overall credit card spend which I believe is also one of their questions.

Re: Cap One QS "Bucket"

FireMedic1 — Fri, 16 Jun 2023 18:51:32 GMT

Maybe 1%, if that, get freed from the bucket. Isnt hurting anything. Adds to your age metrics. But some will say close it. 50/50. Up to you.

Re: Cap One QS "Bucket"

Gollum — Sat, 17 Jun 2023 07:19:27 GMT

@ajcredit wrote:
One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?

Read this:

https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Card-Asset-Backed-Securities-ABS-and-why-some-subprime/td-p/5083619

Re: Cap One QS "Bucket"

Anonymalous — Sat, 17 Jun 2023 09:38:06 GMT

They're a pain. It's not hopeless, but it's not particularly hopeful, either.

There has been a spate of higher than usual CLIs from Cap1, since the start of the year. But lots of people haven't gotten a CLI, and the DPs are all over the place. We don't really know why Cap1 is generous in some cases and not in others. Even high spend, which has been the most consistent thing Cap1 seems to like, isn't always a requirement.

If you want to push high spend through the card for a while, I did get a $300 > $3300 auto increase a few months back after putting 60%+ spend on my QS for 6 months. But I suspect that bump is more about them than anything I did. Ironically, I got the same ""Recent use of this account's existing credit line is too low" denial less than a week before my auto increase.

There's nothing wrong with trying for a CLI, but I wouldn't invest too much into it, either emotional or financial. If your goal is just higher limits in general, you'll have a better chance applying for a new card, including from Cap1.

Re: Cap One QS "Bucket"

Zoostation1 — Sat, 17 Jun 2023 18:58:56 GMT

@FireMedic1 wrote:
Maybe 1%, if that, get freed from the bucket. Isnt hurting anything. Adds to your age metrics. But some will say close it. 50/50. Up to you.

Capital One almost seems like a bit like Dante's inferno with different levels of bucket hell. My Capital One cards are probably bucketed and may have limited growth potential but they aren't in the lowest of buckets where ppl get stuck at $1k or less either.

Re: Cap One QS "Bucket"

ralvarez2678 — Thu, 22 Jun 2023 17:33:59 GMT

I used to love Capital One. I was able to get my limit up to $8K but hasn't moved for years. Got a Savor card and hasn't moved from the $3K limit as well. I try to get a increase but I always keep getting denied. I just recently switched my QS to a Venture card and will see if they'll increase that one but we will see.

Re: Cap One QS "Bucket"

Gollum — Sat, 24 Jun 2023 07:38:12 GMT

@ralvarez2678 wrote:
I used to love Capital One. I was able to get my limit up to $8K but hasn't moved for years. Got a Savor card and hasn't moved from the $3K limit as well. I try to get a increase but I always keep getting denied. I just recently switched my QS to a Venture card and will see if they'll increase that one but we will see.

I don't think your Capital One credit cards are "bucketed," since your credit limit on one credit card is $8000 and your Savor credit card credit limit is $3000.

The term "bucketed" refers to a sub-prime credit card that has subsequently been "bundled" into an investment such that the credit card's credit limit can never change.

https://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Card-Asset-Backed-Securities-ABS-and-why-some-subprime/td-p/5083619 (11-01-2017)

Edit: It seems more likely to me that your Capital One credit card credit limits (or "lack" thereof) are affected by "the Fed" increasing interest rates than what I think is the original meaning of the term "bucketed" on this "forum."

Re: Cap One QS "Bucket"

Khooks2 — Sat, 24 Jun 2023 15:20:10 GMT

@ajcredit wrote:
One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?

If a card is bucketed it may never move. But just apply for a different card and you should be ok.

Re: Cap One QS "Bucket"

ajcredit — Sun, 25 Jun 2023 19:25:29 GMT

I think I'll just play with it a couple more months and if it doesn't work, just leave it be. I'd like to keep it open since it's one of my oldest cards. I did try the preapproval and was offered another QS, SavorOne and VentureOne.

I really don't need a new card right now unless it's a high limit that can cover all of my monthly spending with good rewards.

I may ditch trying altogether and focus on a good travel card so I can rack up some miles/points for personal travel this winter.

Re: Cap One QS "Bucket"

lordofentropy — Fri, 11 Aug 2023 05:04:33 GMT

I ditched my QSOne just a couple days ago. I had been using it quite a bit and my score had gone up a solid 132 points from when I got it and they rewarded me with a $100.00 CLI lol. Meanwhile, Discover tripled my CL and Amex gave me a Platinum Skymiles with 10k SL.

The decision point came after the past couple weeks CapitalOne had been bugging me daily via emails and notice on my account/app with a pre-approval for a SavorOne; I decided I would give them a chance to make up for the insulting CLI and called to ask for a product change on my QS1 to the SavorOne. Of course they said no. I'm not taking 3 HPs and another AoA hit just to have them probably give some insulting SL. I went ahead and closed that card after I got off the phone—I'm not paying a $39 AF to sock drawer a crap card, especially when actual good companies show they want to work with me lol; though the experience really did drive home the whole bucket thing.

Re: Cap One QS "Bucket"

FireMedic1 — Fri, 11 Aug 2023 11:41:59 GMT

@lordofentropy wrote:
I ditched my QSOne just a couple days ago. I had been using it quite a bit and my score had gone up a solid 132 points from when I got it and they rewarded me with a $100.00 CLI lol. Meanwhile, Discover tripled my CL and Amex gave me a Platinum Skymiles with 10k SL.

The decision point came after the past couple weeks CapitalOne had been bugging me daily via emails and notice on my account/app with a pre-approval for a SavorOne; I decided I would give them a chance to make up for the insulting CLI and called to ask for a product change on my QS1 to the SavorOne. Of course they said no. I'm not taking 3 HPs and another AoA hit just to have them probably give some insulting SL. I went ahead and closed that card after I got off the phone—I'm not paying a $39 AF to sock drawer a crap card, especially when actual good companies show they want to work with me lol; though the experience really did drive home the whole bucket thing.

The c*** card more than likely got you to the point of Disco and AMEX. Its a builder card thats bucketed. Been there done that. It did what it was suppose to do. Build your credit file. Just like mine. Be thankful for what it did for you. Out of BK 7yrs ago I had the Plat/QS and QS1. They were closed. Things got better.

Re: Cap One QS "Bucket"

lordofentropy — Fri, 11 Aug 2023 16:23:25 GMT

@FireMedic1 wrote:
The c*** card more than likely got you to the point of Disco and AMEX. Its a builder card thats bucketed. Been there done that. It did what it was suppose to do. Build your credit file. Just like mine. Be thankful for what it did for you. Out of BK 7yrs ago I had the Plat/QS and QS1. They were closed. Things got better.

That's sort of the funny part, I got the Discover and the QS1 at the same time, last September (that's why closing the QS1 now since the AF is about to come up.) Disco grew, QS1 didn't; my wording wasn't ideal but I am referring specifically to my particular instance of QS1 with hardly any CL (about 2% of my total CL), an AF, and no opportunity for growth.

Re: Cap One QS "Bucket"

CYBERSAM — Fri, 11 Aug 2023 17:18:29 GMT

@ajcredit wrote:
One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?

@ajcredit I don't believe its bucketed! Back in 12 years ago they did not have that policy.

Many people including myself got very low limit ($600) card from them and gradually received CLIs. For me that card reached 15K+ before I canceled it.

If you use it heavily for 6-12 months you should receive CLI. But then again why you want to? QS is not a great card anymore.