CAP1 credit card upgrade??

Velar_nyc19 · ‎03-11-2019

Im new to this, but regardless,

I filed chapter 7 a few weeks ago, im due for my 341 meeting in 2 weeks, i asked my lawyer out of curiosity if it was okay to apply fir bee credit now and he said it was no problem, it is post petition debt and wont affect the outcome of my bankruptcy. I went ahead and apply for some credit card and lucky enough i was approved for both cap1 secured $200 and platinum $300 limit, was denied for discover secured, probably because I burned them, also got denied for amazon credit builder, let me say it feels weird being denied even for a secured card, nonetheless, at least i got 2 to start with,

My question is how can i upgrade the platinum unsecured and when ? Can i maybe give them a call to recon or just keep it and go with the credit steps ?

Thanks

Anonymous · ‎03-11-2019

You can always keep trying the upgrade link for future reference. Just sign in to see. As far as when you are eligible for an upgrade.....not real sure.

CapOne upgrade

Anonymous · ‎03-11-2019

Capital One does not recon. You have to wait 6 months for increases, or upgrades. 5 months for credit steps increase.

FireMedic1 · ‎03-12-2019

After 3 statements you can ask for a SP CLI online. Cap1 likes heavy usage and PIF in the begining. Dont carry any balances for now. Month 4 usually you can upgrade. Month 5 Credit Steps will kick in. Been there done that. Good Luck.

You dont have to wait 6 moths in the begining. Once you get the first CLI. Then you have to wait 6 months for the next round.

Anonymous · ‎03-12-2019

Those are the old rules pre-mid 2018. If you look at the recent data points you will see multiple rejections pre 6 months. No more double dipping or pre 6 month PC or pre steps increase. I can’t pin-point exactly when it changed but back half of 2018 is when most of the data points shifted. Multiple regular cards on the same day also gone.

Anonymous · ‎03-12-2019

Agree with Morpho. I requested CLI after 3 statements and got rejected due to my account being "too new".

FireMedic1 · ‎03-12-2019

Are all Capital One® cards eligible for a credit line increase?

Some accounts aren't eligible for increased credit lines upon request. Accounts that are usually ineligible:

Are less than three months old.
Are secured credit cards.
Have received a credit line increase or decrease in the last six months.
Even if your account does not meet either of these criteria, a credit line increase may still be declined for other reasons.

What factors determine if I’m eligible for a credit line increase?

You make on-time payments (with all creditors).
You make larger monthly payments that pay down your balance.

FireMedic1 · ‎03-12-2019

@Anonymous wrote:
Agree with Morpho. I requested CLI after 3 statements and got rejected due to my account being "too new".

First statement usually isn't a full 30 day cycle. Try again after 4th statement. Or 91 days after account "opened date"

Anonymous · ‎03-12-2019

@Anonymous wrote:
Agree with Morpho. I requested CLI after 3 statements and got rejected due to my account being "too new".

Wrong. FireMedic is correct and knows what he's talking about. I just helped two people last week upgrade their cards AND get an early CLI before their steps are even due.

FireMedic1 · ‎03-12-2019

@Anonymous wrote:
@Anonymous wrote:
Agree with Morpho. I requested CLI after 3 statements and got rejected due to my account being "too new".

Wrong. FireMedic is correct and knows what he's talking about. I just helped two people last week upgrade their cards AND get an early CLI before their steps are even due.

Thank you. Been thru 5 cards. Think I know how it works.