topic Re: Capital One Secured Card CLI!!! in Credit Cards

Capital One Secured Card CLI!!!

Anonymous — Sat, 04 Aug 2012 05:09:22 GMT

Was given a $100 CLI... 11 months of on time payments.

Re: Capital One Secured Card CLI!!!

bodybuilder510 — Sat, 04 Aug 2012 05:22:21 GMT

Seems to be the trend here. Capital is doing a lot of account reviews on cap one secured holders. Congrats! Got mine this morning. I'm surprised they didn't close due to inactivity. I guess I need to use once awhile until I have at least 3 years history before closing.

Re: Capital One Secured Card CLI!!!

Anonymous — Sat, 04 Aug 2012 10:04:36 GMT

Hi there, I am thinking your an expat like myself?

If I were you I would apply for the capital one newcomers credit card that is not a secured one.... I got the secured card 1st without knowing about the newcomers card until I read through various posts/threads on here. instant approval for $500 and my wife got the same with a limit of $1000.

keep the secured as an extra building card on file to build up score etc. you can add the limit up yourself to make it look more appealing to other lenders etc. and keep your utililization levels low which inturn raises your scores.

Re: Capital One Secured Card CLI!!!

Anonymous — Sat, 04 Aug 2012 14:23:49 GMT

I also got a CLI from Capital One. Same situation as far as payments, they increased it by 300. They sent me a letter before saying they would review my account.

At the same time, I also got approved for one of Bank of America's Cards (this one unsecured).

Re: Capital One Secured Card CLI!!!

FicoTron — Sat, 04 Aug 2012 14:58:57 GMT

I'm over 2 years now, no cli.

Re: Capital One Secured Card CLI!!!

Anonymous — Sat, 04 Aug 2012 16:16:28 GMT

I started with a secured, $200. limit. After about a year, they bumped it to $300. I called to see if I could get another increase a few weeks ago. They said no. Only way would be to add more $. I was like, what about the hundred you gave me? Rep said you can't call in for an increase. Maybe it's just for the secured card. This is the oldest of what I have now, I'll just let it ride until I get some higher limit cards in the next few years.

Re: Capital One Secured Card CLI!!!

jsucool76 — Sat, 04 Aug 2012 17:35:45 GMT

@Anonymous wrote:
I started with a secured, $200. limit. After about a year, they bumped it to $300. I called to see if I could get another increase a few weeks ago. They said no. Only way would be to add more $. I was like, what about the hundred you gave me? Rep said you can't call in for an increase. Maybe it's just for the secured card. This is the oldest of what I have now, I'll just let it ride until I get some higher limit cards in the next few years.

Cap1's policy is to not accept basically any customer initiated CLI requests.

Re: Capital One Secured Card CLI!!!

Revelate — Sat, 04 Aug 2012 17:43:31 GMT

@FicoTron wrote:
I'm over 2 years now, no cli.

Think you've moved way beyond them with your portfolio if I remember the rest of the cards in your wallet correctly.

If you're not putting the bulk of your spending on their card, there's no real reason to reward the customer with a CLI; in this case it's just an AF if you keep the card open, and their business model is such that they expect customers to move on. Especially in today's world, there's probably 2 people moving down into subprime for every one moving up into prime.

Re: Capital One Secured Card CLI!!!

Anonymous — Sat, 04 Aug 2012 19:57:34 GMT

I got their secured MasterCard a year and a half ago, it was my first card and basically my first CRA entry. They bumped me up a $100 for a total line of $300 eight months ago. I called Cap 1 Today to request a CLI,denied. The credit analyst was kind enough to direct me to a senior analyst who may have been able to lower my apr, denied. I thought what the heck and applied for a Cap 1 Cash Rewards MasterCard and got aproved for a $500 CL.

Re: Capital One Secured Card CLI!!!

LS2982 — Sun, 05 Aug 2012 00:24:14 GMT

@jsucool76 wrote:
@Anonymous wrote:
I started with a secured, $200. limit. After about a year, they bumped it to $300. I called to see if I could get another increase a few weeks ago. They said no. Only way would be to add more $. I was like, what about the hundred you gave me? Rep said you can't call in for an increase. Maybe it's just for the secured card. This is the oldest of what I have now, I'll just let it ride until I get some higher limit cards in the next few years.
Cap1's policy is to not accept basically any customer initiated CLI requests.

You can ask for anything from Cap1, but CLI's......................

Re: Capital One Secured Card CLI!!!

jsucool76 — Sun, 05 Aug 2012 00:30:07 GMT

@LS2982 wrote:
@jsucool76 wrote:
@Anonymous wrote:
I started with a secured, $200. limit. After about a year, they bumped it to $300. I called to see if I could get another increase a few weeks ago. They said no. Only way would be to add more $. I was like, what about the hundred you gave me? Rep said you can't call in for an increase. Maybe it's just for the secured card. This is the oldest of what I have now, I'll just let it ride until I get some higher limit cards in the next few years.
Cap1's policy is to not accept basically any customer initiated CLI requests.
You can ask for anything from Cap1, but CLI's......................

You can technically ask, you just call up the number and there's an option to do it automatically, but 99.9999999999999997% of the time, they basically tell you to go do something..not very nice to yourself.

Re: Capital One Secured Card CLI!!!

Anonymous — Sun, 05 Aug 2012 05:25:14 GMT

I can't get another card until I close on the house. I was sent an app for a cc with my bank which is good until the end of Sept. I also plan on getting a Walmart card and Lowes card right after I close.

Re: Capital One Secured Card CLI!!!

jsucool76 — Sun, 05 Aug 2012 14:19:40 GMT

Good luck with your house and cards.

I'm in the garden as well, not because I'm buying a house, just because I have way too many inqs

Re: Capital One Secured Card CLI!!!

Anonymous — Sun, 05 Aug 2012 16:08:25 GMT

It was mentioned that Cap1 won't do any customer initiated CLI requests. Is this just for their secured cards or all of their cards?

Re: Capital One Secured Card CLI!!!

Anonymous — Sun, 05 Aug 2012 16:41:21 GMT

@Anonymous wrote:
It was mentioned that Cap1 won't do any customer initiated CLI requests. Is this just for their secured cards or all of their cards?

It's for all their cards. When elgible for a CLI, they'll either do it automatically or send you a letter to call a number. They'll then review your account and either grant you a CLI or not. Either way, it's all Cap1 initiated.

Re: Capital One Secured Card CLI!!!

Legions36 — Sun, 05 Aug 2012 17:09:58 GMT

If u want a cli for a capital one secured card don't u just add more money to it, wont that give u the extra line? I have 1 and was told to do that then just wait until it becomes unsecured and they match the line. Im probably gonna deposit the full 3k by the end of my 1 year for this card so i can have a 3k line when im done. If im wrong about any of this someone please correct me!!!

Re: Capital One Secured Card CLI!!!

jsucool76 — Sun, 05 Aug 2012 18:21:51 GMT

@Legions36 wrote:
If u want a cli for a capital one secured card don't u just add more money to it, wont that give u the extra line? I have 1 and was told to do that then just wait until it becomes unsecured and they match the line. Im probably gonna deposit the full 3k by the end of my 1 year for this card so i can have a 3k line when im done. If im wrong about any of this someone please correct me!!!

Capital one will never graduate your secured card to unsecured. You can deposit up to $3,000 dollars, though they will sometimes give a small $100-$200 CLI without requiring and extra deposit.

Re: Capital One Secured Card CLI!!!

Anonymous — Sun, 05 Aug 2012 19:01:38 GMT

@jsucool76 wrote:
@Legions36 wrote:
If u want a cli for a capital one secured card don't u just add more money to it, wont that give u the extra line? I have 1 and was told to do that then just wait until it becomes unsecured and they match the line. Im probably gonna deposit the full 3k by the end of my 1 year for this card so i can have a 3k line when im done. If im wrong about any of this someone please correct me!!!
Capital one will never graduate your secured card to unsecured. You can deposit up to $3,000 dollars, though they will sometimes give a small $100-$200 CLI without requiring and extra deposit.

Depends on what your deposit is when they review. Smaller deposit=smaller CLI, larger deposit=larger cli. They just offered me one for 300 on my 1200(1050 deposit). But i am closing it this week after i pay off this one transacation that hasn't posted yet.

Re: Capital One Secured Card CLI!!!

Anonymous — Sun, 05 Aug 2012 20:21:20 GMT

@Legions36 wrote:
If u want a cli for a capital one secured card don't u just add more money to it, wont that give u the extra line? I have 1 and was told to do that then just wait until it becomes unsecured and they match the line. Im probably gonna deposit the full 3k by the end of my 1 year for this card so i can have a 3k line when im done. If im wrong about any of this someone please correct me!!!

In addition to the secured, they can give you an unsecured CLI also, usually at 6 months. I got $300 on #2200 deposit.

They do not graduate, you need to apply for an unsecured card. After 14 months with seucred card with heavy usage, I got a NH cash rewards card for $3000 CL with credit steps. It went to $3500 after 6 months.

Big deposit on secured Capital One worked very well for me.

Re: Capital One Secured Card CLI!!!

ObeyJohnny12 — Mon, 06 Aug 2012 05:38:04 GMT

Same here. I received a letter a few days ago giving me a $100 increase on my secured. Same age as yours too. Wish it would of been more but its better then nothing.