Is Capital One Platinum Always a Rebuilder Card?

[Anonymous]

I just received my second card with Cap1 after being seemingly stuck with the limit on my QS1.  I understand why, no need for explanations on that.  However, since getting that card over three years ago, my credit had drastically improved, so I apped for a Platinum (went off my pre-quals) in the hopes that I could PC it to a QS (not QS1) in six months.  I received a $3,000 SL on it, so definitely not a normal rebuilder limit for them.  Do you think that this card is one that I will see decent growth on giving the SL?  Long term I am looking to merge the two cards into one, but if I had one that started with terrible scores and one that started with good scores, I am worried that the bad scores will hold me down even if I merge into the newer card.  Any thoughts on how that would work?  Am I forever going to be stuck in CL purgatory if I do the combine 1+ years from now?

[Anonymous]

It appears to always be a rebuilder card. It states on the website that it's for average credit and that you get higher line of credit after 5 on time monthly payments.

[Anonymous]

It’s a rebuilder card. But, with that starting line and I’m assuming a lower interest rate than 25%? It may be the preferred version of the starter card. If so it is the version of the starter card with more potential for growth. And in six months you should have no problem PCing into the no fee Quicksilver. 

[Anonymous]

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It’s a rebuilder card. But, with that starting line and I’m assuming a lower interest rate than 25%? It may be the preferred version of the starter card. If so it is the version of the starter card with more potential for growth. And in six months you should have no problem PCing into the no fee Quicksilver. 

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That's the weird thing.  I had previously had the Platinum Preferred show up on the pre-qual page, but not the day I apped.  It has an interest rate of 24.99%.  However, I didn't have an instant approval, would it be possible that they changed the application to the Preferred?  I just moved, so I'll have to find the paperwork someday, but there is no mention of preferred when I log in.  The SL just doesn't seem to go with the card type!  LOL

[Anonymous]

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wrote:

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wrote:

It’s a rebuilder card. But, with that starting line and I’m assuming a lower interest rate than 25%? It may be the preferred version of the starter card. If so it is the version of the starter card with more potential for growth. And in six months you should have no problem PCing into the no fee Quicksilver. 

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That's the weird thing.  I had previously had the Platinum Preferred show up on the pre-qual page, but not the day I apped.  It has an interest rate of 24.99%.  However, I didn't have an instant approval, would it be possible that they changed the application to the Preferred?  I just moved, so I'll have to find the paperwork someday, but there is no mention of preferred when I log in.  The SL just doesn't seem to go with the card type!  LOL

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You still should be able to PC within six months to the no fee Quicksilver with use and on time payments with no new baddies. I did mine within first 8 months.

[woodyman100]

Wait for 6 months and see if there is an auto CLI then combine limits

[Anonymous]

If I PC to QS, do I need to wait an additional six months before I can combine limits?  If not, is it better to combine limits before or after I PC?  I am thinking after because sometimes when you PC you can get a CLI as well, although maybe that has more to do with the timing of your last CLI...

[Anonymous]

I had a rebuilder secured Platinum of $1,300 and they counted the "auto-cli" as a increase so have to wait 6 months for a CLI. That's Friday and I'm eager to see what I will get. It will be the 12month mark on the card. Graduated last month. A week after I PC to the Quicksilver with no AF.

Interesting enough my roommate tried to move her QS1 to a QS and even after a year she hasn't been able to.