Cap One REALLY???

[mattayy]

Hello,

Just got approved for Cap One Quicksilver and Cap One Platinum but both limits are $300! Has anyone had any luck calling and having them reconsider the CL and giving an increase to at least $1000?

[coldnmn]

Congrats! Chances are you will have to wait for the credit steps CLI. Thanks for sharing.

[mattayy]

What are the "credit steps" cli? Sorry haven't had Cap one in over 5 years. 

[Creditwiser]

No but if you read some Cap 1 threads, you'll see that theyre very generous lately when it come to CLI's.  Seems to be the case for eveyone that reports using the cards and PIF. You'll need 5 or 6 months of patience.  Many have gone from 300-500 to 2 or 3k.

[mattayy]

Oh well that's good then

[youdontkillmoney]

There is a cap on credit line increase request link at their website, but you are fairly new as a customer it seems so you may want to wait 6 months with some responsible use showing.

[waters]

I started off with a $500 cl. Maxed it out in a week and pif immediately after.. Then contacted EO and they raised my limit to 1000..this was all before my first statement.

I would contact EO.

Any clis you get Before credit steps will not affect it and you will still get your credit steps cli.

U asked what is credit steps.. Capital one in about 2-3 weeks will email you regarding a guaranteed credit limit increase agree 6 statements..

[mattayy]

I had a Capital One secured card for a few years a couple years back but closed it since they only gave me a CLI once for $100. I was never late though and paid it off before closing the account.

[CreditCuriosity]

Sorry about the 300 limits.. Those will both be in credit steps..  It gurantees if you pay on time for 5 months and are not late etc. you will get a $200 increase on each card, but most likely some people see more.. I was was one that got a 200 increase and had to go the EO route to get a decent limit after credit steps...  Ugh you just took 6 HP's with Cap1..  Baby jesus is crying right now

[mattayy]

Ugh I am going to talk to the EO and be like "Listen I need the quicksilver limit to be at least $1k, you can close my cap platinum or transfer the CL to the quicksilver but I have discover, bofa and barclay that all have higher limits that all get cashback and if my limit isn't at least $1k what is the point in even having the quicksilver...? "