@Anonymous wrote:
@Mzjedwards1 wrote:Finally Received My CLI On my Capital One Secured card!! Yaaah Me!! Its not much, but I went from a 200 Limit with a 49$ security deposit to 500$ as of today when my 6th Statement posted!!! I'm Super excited!! It means alot coming from a low score of under 500 and a BK and now in the mid 600 range !! I'm a happy girl. This will be my highest limit
Now does anyone know if this is the only CLI that will occur?? Do they review periodically or does the secured card freeze around 500$.
Congrats, Mzjedwards! Like the others said, most likely no additional auto increases. But, if I were in your shoes, I'd make sure I knew my Fico 08 scores and not app for anymore low limit cards. You're rebuilding, so save those hp's for a card that you need and will benefit you in some way - rewards, maybe a higher CL, etc. You mentioned that this is your highest CL, so what other cards have you app'd for? I'd probably garden for another six months, and then, if you're interested, app for the Cap One Quicksilver One. It's a rewards card that gives you cash back, and that's a great perk. I wouldn't app for the Cap One Platinum, because it gives you nothing. So, again, kudos to you for doing an awesome job in rebuilding your credit! Good luck!
+1
I got caught up in my last post and forget, to mention that for the OP ...now that you have the card, I agree with the above advice.
1) Chill out of apping, especialy as mentioned if $500 is a 'high' limit card for you....means we've gotta let some of these kids grow up 
I also agree that within probably the next month or 3 ...if you check the Cap-1 pre-qual site...you'll most likely get a thumps up to
app for the Plat or the QS1...I too would vote QS1 over the Plat b/c at least the QS1 gives 1.5% cash back ( again either one can generally be PC'd to a regular QS in time)
I dunno know what your CLs have been so low in the past....doesn't matter for my next 2 cents of advice....bottom line for right now,
even with the low CLs FIGHT like crazy to keep your report balances LOW....under 20% is acceptable but 1-9% is best, especially during the
stage you are right now....which should be about growth only and NOTHING more.
Folks who know me on here know, that I feel these little TWC (training wheel cards) should only be used as TOOLS to audtion for better
cards, term and bigger CLs only IMO...too many ppl attempt to actuallu USE these toy cards as if they are 'real' grown up CCs and they are NOT!
Again just IMO....to me it's like bringing home your daughter one of those Barbie cars....it's a toy to 'pretend' credit with til you earn a real card with
a real CL....no insult I'm just trying to get more ppl to understand where they are along the road, so you don't BLOW the great opportunities afforded us.
When it's little league play little league...no big deal but if you use the exact same rules as the big leagues sooner than later somebody put a big league CL in
your hand....so as hard as it may be keep the same debt ratio rules as you would with a bigger CL
Good luck...you're on the right track, keep it going and by the spring you'll be doing cartwheels
Thanks ! I love this forum. You guys are all so helpful! I have learned so much here..
Garden Club Member" width="40" height="40" align="right">
We're here to pass knowledge and some BS as well
Congratulations on your CLI, Aduke! You are making some very nice progress! 
