@Anonymous wrote:My question to you folks is--- What should I do in this situation? Should I wait till the $3,000 limit reports to the bureaus then apply? Should I wait a few more months then apply? Are my chances very good if I apply for it now?
And lastly, does Capital One hard pull all three bureaus again for existing cardmembers who are apping? Thank you so much!
Congratulations on your CLI. That is a great increase. I would recommend the PC to the QuickSilver, do not choose the QuickSilver One with the annual fee. At least you will get the 1.5% cash back.
It is up to you when you want to apply. They appear to like your spend / profile. Try the pre-qual site to gauge if you have any offers.
Yes, Capital One will hard pull all the three bureaus.
You can also not apply. See how your profile improves and try other lenders at a later date.
Yup, 3 HPs for every new app. Also, you seem to be an outlier, as Cap One accounts that start out at $300 or $500 are usually bucketed and don't grow much, let alone growing to 10x the original limit.
As was stated upthread already, OP would be auto-denied because his current Cap1 card is only (4 months?) old. As was also stated upthread about the different tiers of cards is relevant, too. I highly doubt that they would approve for the QS with the $200 sub being this close to a BK. OP, you'd probably get approved for another one, but maybe even with a lower limit and likely no sub. Of course the only way to find out is to app after current card turns 6 months and take another 3 HPs for it, but if it were me I wouldn't go for it. You should absolutely PC that current card to the QS and start earning rewards. Also, a HUGE congrats on almost an impossible 10X CLI on what is normally a bucketed Cap1 product!
