topic Re: Capital One CLI for Secured Cards in Credit Cards

Capital One CLI for Secured Cards

Anonymous — Sat, 14 May 2011 01:04:46 GMT

Does Capital One give CLI if you have the Secured Card?

Re: Capital One CLI for Secured Cards

Datx — Sat, 14 May 2011 01:52:59 GMT

Yes, usually on or after the 6th statement. Not sure if they do another one at the 1 year mark, but there are some on this board (including me) that will know very soon.

Re: Capital One CLI for Secured Cards

Anonymous — Sat, 14 May 2011 03:59:49 GMT

i'm guessing they will give you one and keep you there. thats why i recommend everyone to get secured card with someone who isnt so stingy.

Re: Capital One CLI for Secured Cards

LS2982 — Sat, 14 May 2011 11:23:30 GMT

Not sure why people think Cap 1 does CLI for secured cards, I called and asked about it they do not do it you have to make deposits.

Re: Capital One CLI for Secured Cards

Ortz33__ — Sat, 14 May 2011 12:47:35 GMT

ive gotten a 300 cli on a secured...

Re: Capital One CLI for Secured Cards

Datx — Sat, 14 May 2011 13:14:38 GMT

@LS2982 wrote:
Not sure why people think Cap 1 does CLI for secured cards, I called and asked about it they do not do it you have to make deposits.

One reason being is because its stated on their website. HERE is the link for Cap One's secured card and if you look to the left, there is a statement regarding CLIs basked on your payment and credit history. I have gotten a $100 CLI at my 6 month mark, probably due to my low deposit of $300. I'm waiting to see if there are any CLIs at the 12 month mark, but it doesn't look too promising. Thinking of paying the low AF for another year before I cut it loose.

Re: Capital One CLI for Secured Cards

JayRizzo — Sat, 14 May 2011 15:44:49 GMT

Good idea to post the link, M.C.S.

Thanks!

Re: Capital One CLI for Secured Cards

Anonymous — Sat, 14 May 2011 16:14:24 GMT

@Anonymous wrote:
i'm guessing they will give you one and keep you there. thats why i recommend everyone to get secured card with someone who isnt so stingy.

Who else adds unsecured CL to the secured cards? Who do you recomend who is not so stingy?

Re: Capital One CLI for Secured Cards

LS2982 — Sat, 14 May 2011 17:36:31 GMT

@MyCreditStinks wrote:
@LS2982 wrote:
Not sure why people think Cap 1 does CLI for secured cards, I called and asked about it they do not do it you have to make deposits.
One reason being is because its stated on their website. HERE is the link for Cap One's secured card and if you look to the left, there is a statement regarding CLIs basked on your payment and credit history. I have gotten a $100 CLI at my 6 month mark, probably due to my low deposit of $300. I'm waiting to see if there are any CLIs at the 12 month mark, but it doesn't look too promising. Thinking of paying the low AF for another year before I cut it loose.

That just proves there phone reps are boneheads.

Re: Capital One CLI for Secured Cards

trubliever82 — Sat, 14 May 2011 18:12:43 GMT

When my credit was bad, I would put $50-$100 here and there on it and before I knew it, I was getting a bump in my scores for it. Started a $200 and got my card up to $2450 cl right now and about to hit 6 month mark. I ran into some money and threw it one there for the heck of it. I know not everyone has expendable income to do it, but IMO its a lot better than waiting for them. Plus if I'm ever in a jam I can close the card and get all that back. I'm curious to see my CLI after next month though.

Re: Capital One CLI for Secured Cards

Anonymous — Sat, 14 May 2011 22:28:54 GMT

Thank you all for the responses.... I just wish it didn't take so long for them to post the deposit's when you make one, maybe it's because the card is fairly new. I made an deposit last week, but Capital One stated that it takes up to 10 days to post to my account

Re: Capital One CLI for Secured Cards

LS2982 — Sun, 15 May 2011 15:50:57 GMT

@Anonymous wrote:
Thank you all for the responses.... I just wish it didn't take so long for them to post the deposit's when you make one, maybe it's because the card is fairly new. I made an deposit last week, but Capital One stated that it takes up to 10 days to post to my account

Yea it takes about 10 days for them to apply it. I went from $200 to $1,200 in 2 months i plan on giving them $500 every month til i reach $3,000

Re: Capital One CLI for Secured Cards

Anonymous — Sun, 15 May 2011 15:55:45 GMT

Yea but then again It doesn't matter because cap1 doesn't report their CL. I brought my 200 to 600 but I was thinking i should just stay with this six months then apply at m credit unions.

Re: Capital One CLI for Secured Cards

LS2982 — Sun, 15 May 2011 16:20:04 GMT

@Anonymous wrote:
Yea but then again It doesn't matter because cap1 doesn't report their CL. I brought my 200 to 600 but I was thinking i should just stay with this six months then apply at m credit unions.

This is not true, Cap 1 on all 3 CR's have reported my CL.

Re: Capital One CLI for Secured Cards

Anonymous — Sun, 15 May 2011 16:25:56 GMT

It always takes about 10 days to increase CL after deposit, not just new. And they are reported on CR.

Re: Capital One CLI for Secured Cards

Anonymous — Sun, 15 May 2011 16:27:57 GMT

Lol my bad I thought they didn't ..

Re: Capital One CLI for Secured Cards

FicoTron — Sun, 28 Aug 2011 18:57:06 GMT

its been 13 months for me with perfect PIF payment history...no CLI...sucks.

Re: Capital One CLI for Secured Cards

Anonymous — Mon, 29 Aug 2011 12:26:45 GMT

Like most people that reported a 6 mo CLI, I to also got one at 6 mo. After a year I'd probably apply for a diff card cause it does not graduate.

Re: Capital One CLI for Secured Cards

FicoTron — Mon, 29 Aug 2011 17:47:22 GMT

then i apply for a new card and they give me a $500 limit, which is exactly what I have with my secured...i'm just going to wait it out the little bit I have left before my credit jumps up to a better status and go for the AMEX and other cards with big limits.