topic Re: Capital one secured card in Rebuilding Your Credit

Capital one secured card

Anonymous — Thu, 14 Mar 2019 22:10:09 GMT

Well I've seen a lot of other threads on here about the capital one secured card saying that it will graduate after the 11th statement cuts well my 11th statement just cut and nothing happened unfortunately I'm pretty bummed out about it seeing how it is my oldest account and would like to keep it going but as a real platinum or qs does anyone have any tips on what I can do to help it graduate I've always pay in full multiple payments a month but since I've gotten my Citi double cash I only charge maybe 100 bucks to it for the last 4 months should I charge more or let the statement cut with a balance? Or keep having a 0 balance on it. Im lost lol

Re: Capital one secured card

Remedios — Thu, 14 Mar 2019 23:09:55 GMT

@Anonymous wrote:
Well I've seen a lot of other threads on here about the capital one secured card saying that it will graduate after the 11th statement cuts well my 11th statement just cut and nothing happened unfortunately I'm pretty bummed out about it seeing how it is my oldest account and would like to keep it going but as a real platinum or qs does anyone have any tips on what I can do to help it graduate I've always pay in full multiple payments a month but since I've gotten my Citi double cash I only charge maybe 100 bucks to it for the last 4 months should I charge more or let the statement cut with a balance? Or keep having a 0 balance on it. Im lost lol

There has been a lot of conflicting info coming from Cap 1 CSR in terms of graduation. Some have said they no longer graduate or that graduation process is being evaluated. Guessing that's wait and see situation

I used to have one that graduated, and I've bought maybe a pack of gum three times.

In terms of which card to use, go with the one that has rewards. You're spending money, you should get something in return.

Buy something little with Cap1 just to build some payment history, they may have other cards you'll be interested later. Mostly, Cap1 secured cards are a lost cause even if they graduate. There is no room for growth with them.

Re: Capital one secured card

FireMedic1 — Thu, 14 Mar 2019 23:40:12 GMT

+1. Everyone thats been in our situation had to start somewhere. Secured or unsecured they are all starter cards. Thats all they'll ever be. You got a Citi. Why not try Disco's pre-qual. Many have gone after the QS with a so so starting line. NO QS1! It's done its job and the few extra months its been open before the Citi isnt like its going to be a huge score loss. Without knowing your DP's. Try out Disco. If its an approval. Close down the starter card like many others have done. Doesnt matter the name on the card. Credit One Cap1. See-ya! Good Luck!

Re: Capital one secured card

NeverGivinUp — Fri, 15 Mar 2019 02:46:46 GMT

I also have a Capital One Secured ($200 Dep / $200 SL) and a Cap One QS1 (Unsecured). I called Capital One yesterday & was informed my Secured Cap One will NEVER graduate. I asked about CLI. He stated after 5 mos. on-time payments (already done) my card MAY get an increase on my NINTH statement but for no more than my Deposit. If I want to ADD to my Deposit, they MAY up the CLI. When I told him I found this unusual since I actually already have an unsecured QS1, his response was Congratulations! YMMV

Re: Capital one secured card

Anonymous — Fri, 15 Mar 2019 07:17:45 GMT

Yeah see when I talked a rep not too long ago he told me it's very possible for a secured to graduate but it happens at random but he said there's no way to know when or if it will happen unfortunately I don't know I do want to keep it open just to help my age of credit but we'll see what happens as soon as I get another card I got my eye on citi's new rewards+ card I'll probably just close the account if nothing happens by then thanks everyone for your feedback I appreciate it!