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Capital One Platinum PC and CLI questions

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Established Member

Capital One Platinum PC and CLI questions

Good morning!

 

I applied for a Capital One Platinum card and was approved on August 3, 2020. Credit line is $300.

 

I used it heavily when it opened and made lots of payments. I'm still waiting for the first statement so I paid the balance to $22.84 and have put the card away until the statement is done so it should report a 7.6% utilization.

 

When can I ask for a credit line increase? And when can I ask to change it to a Quicksilver card? Also, I have not received any Credit Steps information so I'm not sure if we automatically qualify? How can I best work this card to build the relationship with Capital One and grow the card?

 

I did not burn Capital One with my BK. This is my first card since Ch7.

 

Thank you so much!

6 REPLIES 6
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Contributor

Re: Capital One Platinum PC and CLI questions

You won't be eligible for a CLI for 6 months.  I think product changes only may become available after 100 days.

TFCU Plat Visa $12,500 | NFCU MoreRewards Amex $1,000 | Purdue FCU $5,000 | Capital One BuyPower $750 | Capital One QuickSilverOne $500 | Capital One Platinum $1,000 | Merrick Bank Visa $2,700 | Credit One Visa $1,000 | Amazon Prime Card $2,500 | Walmart Store Card $1,400 | B&H Payboo Card $4,000 | HSN Card $2,100 | Shell Gas Card $1,200 | Overstock Store Card $3,850 | Kohl's Store Card $1,500 | Wayfair Store Card $1,180 | Target RedCard $2,000
Message 2 of 7
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Super Contributor

Re: Capital One Platinum PC and CLI questions

Bookmark this link. You can try it whenever and see when it will let you upgrade. Your first statement will say the CS thing and how many payments you have left to your CLI. If its $500. And you do get a lets say $300 CLI. Once steps is over you'll only get $200. Its stay at $500 either way. The old days were nice but no longer are in effect. Good Luck!

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade  

Message 3 of 7
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Established Member

Re: Capital One Platinum PC and CLI questions


@FiresOut wrote:

Bookmark this link. You can try it whenever and see when it will let you upgrade. Your first statement will say the CS thing and how many payments you have left to your CLI. If its $500. And you do get a lets say $300 CLI. Once steps is over you'll only get $200. Its stay at $500 either way. The old days were nice but no longer are in effect. Good Luck!

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade  



I was told by Cap1 when I got my second card from them last month that they did away with the credit steps in May. My first card I got on 2/20 I PC to a QS 6/20. 

Message 4 of 7
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New Member

Re: Capital One Platinum PC and CLI questions

I'm in a similar situation with the Capital One Platinum unsecured Mastercard. I applied in July in the same month after my Ch13 discharge and was approved for $300. Just this week after two closing statements I got approved for a CLI of $100 for a total limit of $400. You can request this increase through the mobile app and presumably on their website.  
I am not sure when a product change is possible. 

Message 5 of 7
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Community Leader
Super Contributor

Re: Capital One Platinum PC and CLI questions


@Music1 wrote:

@FiresOut wrote:

Bookmark this link. You can try it whenever and see when it will let you upgrade. Your first statement will say the CS thing and how many payments you have left to your CLI. If its $500. And you do get a lets say $300 CLI. Once steps is over you'll only get $200. Its stay at $500 either way. The old days were nice but no longer are in effect. Good Luck!

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade  



I was told by Cap1 when I got my second card from them last month that they did away with the credit steps in May. My first card I got on 2/20 I PC to a QS 6/20. 


It's because just about all of their cards have a similar program now with an increase at the 6 month mark.







Message 6 of 7
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Frequent Contributor

Re: Capital One Platinum PC and CLI questions

WOW, just tried the link, upgraded, right after a requested CLI about a week ago, QuickSilver at $1100

 

i have been maxing out and paying the card off every month, but the cash back will be nice.

 

thanks for the link, btw I'm B7 dismissed 9 months now.

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