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Approval Capital One QS1

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Regular Contributor

Approval Capital One QS1

I've been a lurker for a couple months now and decided to start posting and updating my progress.

 

Credit Score at the time of Approval

 

EQ -565

TU - 550

EX -563

 

**1-2 inquiries per bureau within the last 6 months.

** 2 Repos, 4-6 collections listed on each Credit Bureau.

 

I was approved for a Capital one Quicksilver 1 With a starting limit of $300.00. 

 

I'm pretty excited as this is my first unsecured card during my rebuild .  I want to maximize my potential with this card, so I guess I have a couple of quick questions.

 

#1 What is highest limit I should  ever expect to obtain on my QS1?

#2 Can I request a CLI while im in the credit steps program and how soon can I request the first one? (Online, I will get an auto CLI after 6 payments to $500.00.)

 

 

I've been running every purchase for everything on the card, and paying the card off daily.  If my posted balance monday might is 42.00, I submit a payment for 42.00.. Im my balance is 100.00 on tuesday, I pay 100.00. I'm not sure what outcome I'll have, but I spend a lot of money and the 1.5% back will be appreciated even if they cap my spending limit.

 

Current Scores 12/10/2018

 

EQ- 629

TU - 612

EX - 644

 

Thank you all for your time.

 

 

Last Inquiry 1/16/2020 (BBT Bright Business Visa $15,000.00)
Fico Score Progression :
10/1/2018 EQ 530 TU 535 EX 540
2/6/2020 EQ 736 TU 736 EX 721
In the garden till 11/1/2020
Message 1 of 12
11 REPLIES 11
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Established Contributor

Re: Approval Capital One QS1

Congrats Smiley Happy If it weren’t for capital one I wouldn’t be were I am today ...They are great for getting your credit going again .....

 

The max limits vary too much person to person for me to comment on but for credit increases u can ask for one every 6 months...Even if it’s a auto increase like the one u will receive after ur first 6 months u still need to wait another 6 months for another increase 

Gardening....TCL: 100k+
Message 2 of 12
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Frequent Contributor

Re: Approval Capital One QS1

180 Days for lower limits (500-1000) was stated, so you may not have to wait the full 6 months, its worth a try

FICOs: EQ - 712 / TU - 712 / EX - 727
Garden: 8/1/19 / U 12%
Profile: Aaoa - 4.6y / Aooa - 13y / Aoya - 6m
Wallet:
"An investment in knowledge pays the best interest." - BF
Message 3 of 12
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Established Contributor

Re: Approval Capital One QS1

@tparks5961 -

 

Welcome to the forum! We appreciate you joining us!!! Smiley Very Happy

 

Super Congrats on your Cap One Quicksilver 1 $300 SL!

You're off to a terrific start, and the card will grow with time. Smiley Very Happy

 

Wow. Your FICO scores really climbed after getting the QS1!

Paying your bills on time (35%) and keeping your utilization

really low (30%) comprises 65% of your scores. So keep it simple

and keep doing what you're doing because it's working. Well done! Smiley Very Happy

 

I'm not sure what the max limit is for a QS1. What I can say

is that you should seriously consider doing a product change

at the 6 month mark from a QS1 ($39 AF) to a Quicksilver with

no annual fee. Same 1.5% cash back. Stay on track and your scores

should easily climb into the high 600s by then across the board. Smiley Very Happy

 

Congrats again on your success. Thanks so much for sharing! Smiley Very Happy

Message 4 of 12
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Moderator

Re: Approval Capital One QS1

You may request a CLI after your 3rd statement.
That request will not interfere with steps CLI

After that, you're free to request one every 6 months.

Good luck
I told my teens yesterday I'm done repeating myself. Darwin, take the wheel, please.
Message 5 of 12
Highlighted
Regular Contributor

Re: Approval Capital One QS1

Thank you for the advice!

 

 

Last Inquiry 1/16/2020 (BBT Bright Business Visa $15,000.00)
Fico Score Progression :
10/1/2018 EQ 530 TU 535 EX 540
2/6/2020 EQ 736 TU 736 EX 721
In the garden till 11/1/2020
Message 6 of 12
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Valued Contributor

Re: Approval Capital One QS1

Congrats on your approval!!!👍

😊




Goal Score: 600(within a year)**MET MY GOAL**
Goal Score: 700(by May/2021)>


Take the myFICO Fitness Challenge























Message 7 of 12
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Senior Contributor

Re: Approval Capital One QS1

Congratulations on your approval!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Mar 2020):EX- 689, TU- 665, EQ- 670
What's in my wallet:



On the chopping block:

Message 8 of 12
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Valued Contributor

Re: Approval Capital One QS1

Congrats! You can definitelyuse this card to help the beginning of your rebuild and eventually it should grow into more.
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 9 of 12
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Contributor

Re: Approval Capital One QS1

Congratulations! Keep working hard!
FICO 8 Scores: Exp 603, Equifax 597, Trans 574 as of 6/7/2018. 6/8/2019

FICO 8. EXP 661, EQ 664, TU 640. In the Garden Starting 09/26/2019
Message 10 of 12
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