topic Re: Cap 1 secured credit limit increase! in Rebuilding Your Credit

Cap 1 secured credit limit increase!

evsports7 — Wed, 17 Aug 2016 14:57:59 GMT

Hello all,

I have a capital one secured visa with a $200.00 limit on it. Ive had the card for about 6 months and I woke up yesterday and seen a 300 limit increase. I want to inform everyone that capital one is still doing credit limit increases on the secured cards, i was not enrolled in credit steps either.

My main question is, is this now converted over a an unsecured card now that i recieved a credit increase? or should i call capital one and ask?

Thanks guys

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 15:17:07 GMT

It's still a secured card. And this is most likely the only CLI you'll get on it.

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 15:24:06 GMT

You are very lucky. I called cap 1 recently to ask about an increase in my secur d card and was told they don't do increases

Re: Cap 1 secured credit limit increase!

seruby — Wed, 17 Aug 2016 15:34:11 GMT

Congrats on the increase. It's still a secured card. They could increase it again in the future - when I was rebuilding, I got one and I got an increase from 200-300 in about 2 months, like you did. Then maybe a year or so later, they increased it to $750. No increase after that though.

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 16:34:06 GMT

Hey!! Congrats!!

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 16:42:30 GMT

Good job!!

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 17:09:12 GMT

Just got mine last week too !! It's been 6 months & I didn't use it that much since I ended up getting 2 unsecured cards.

It started at $200 w/ $99 down. Scores when I got it were in the mid 500 range.

Scores as of today:

EX - 660

EQ - 641

TU - 639

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 19:38:16 GMT

@Anonymous wrote:
You are very lucky. I called cap 1 recently to ask about an increase in my secur d card and was told they don't do increases

They do not do increases on secured cards at the customers request. But they will often give one automatically at 6 months if conditions warrant.

Re: Cap 1 secured credit limit increase!

evsports7 — Wed, 17 Aug 2016 19:44:11 GMT

Thanks everyone for the feedback.

Should i try to apply for an unsecured credit card through capital one? As i currrenlty do not have any unsecured cards. Ive had my cap one secured since FEB 16

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 20:04:36 GMT

I just closed my secured card that I got on Feb 14 or 15th cause it served it's purpose. I was lucky to improve my score and get an application in june before they made there 6 month in between app rule. That being said it's been over 6 months since u applied I personally would. The prequal never works for me but I am opted out.

Re: Cap 1 secured credit limit increase!

evsports7 — Wed, 17 Aug 2016 20:21:04 GMT

Ah ok i see, should i app for the platinum or the QS ?

Re: Cap 1 secured credit limit increase!

evsports7 — Wed, 17 Aug 2016 20:31:54 GMT

Well Applied for the unsecured platinum and did not get approved. I do have 1 collection on my account of $1,500 for capital one platinum credit card that will be falling off in November of this year 2016. Could this be why i am not getting approved?

Re: Cap 1 secured credit limit increase!

Anonymous — Wed, 17 Aug 2016 21:03:18 GMT

Could very well be. Watch for their denial reason in a few days.

Re: Cap 1 secured credit limit increase!

Anonymous — Sun, 21 Aug 2016 15:50:04 GMT

@evsports7 wrote:
Hello all,

I have a capital one secured visa with a $200.00 limit on it. Ive had the card for about 6 months and I woke up yesterday and seen a 300 limit increase. I want to inform everyone that capital one is still doing credit limit increases on the secured cards, i was not enrolled in credit steps either.

My main question is, is this now converted over a an unsecured card now that i recieved a credit increase? or should i call capital one and ask?

Thanks guys

Congrats! Mine is still sitting at the SL ($500) despite having another card with a $5k limit with Cap1. The card will still be secured - they stopped doing PCs on secured cards.

Re: Cap 1 secured credit limit increase!

Anonymous — Sun, 21 Aug 2016 21:33:35 GMT

@evsports7 wrote:
Hello all,

I have a capital one secured visa with a $200.00 limit on it. Ive had the card for about 6 months and I woke up yesterday and seen a 300 limit increase. I want to inform everyone that capital one is still doing credit limit increases on the secured cards, i was not enrolled in credit steps either.

My main question is, is this now converted over a an unsecured card now that i recieved a credit increase? or should i call capital one and ask?

Thanks guys

Congratulations to you!...Thanks for sharing.

Re: Cap 1 secured credit limit increase!

Method2Madness — Mon, 22 Aug 2016 12:27:20 GMT

"And this is most likely the only CLI you'll get on it"

Not true. I haven't used my secured Cap1 in AGES and have received 2 CLIs.

Started at $200, cli'd to $550 after 5 months, then went to $1050 after 5 more months.