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Capital One Tripled My Limit! Am I not Bucketed?

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coreyb80
Super Contributor

Re: Capital One Tripled My Limit! Am I not Bucketed?

Congrats on the increase!

Message 11 of 18
cashorcharge
Community Leader
Super Contributor

Re: Capital One Tripled My Limit! Am I not Bucketed?

That's terrific!  Congratulations on your approval!! 🎉🥂

Message 12 of 18
MyFault
Valued Contributor

Re: Capital One Tripled My Limit! Am I not Bucketed?

Congrats on your CLI!




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Message 13 of 18
Anonymous
Not applicable

Re: Capital One Tripled My Limit! Am I not Bucketed?


@blindambition wrote:

A $1k approval would suggest card isn't bucketed. That's on cards approved $300-$500.

Not necessarily.  While not incredibly common, one can have a higher > $1k SL from Cap One that is still a bucketed account.  Bucketed has to do with the credit profile terms upon which the approval was made.  Most bucketed cards are indicative of a weak profile at the time of approval, but there are different profile factors that can constitute what is weak.  

 

OP, congrats on your approval and hopefully you'll see further growth in the future! 

Message 14 of 18
Anonymous
Not applicable

Re: Capital One Tripled My Limit! Am I not Bucketed?

Congrats!

Message 15 of 18
Demented1
Established Contributor

Re: Capital One Tripled My Limit! Am I not Bucketed?

Congratulations @xReMaKe and keep your chin up its easier to hit that way…KIDDING!

 

Welcome to Ch7 Club. Don’t ever feel like you’re alone…there is a lot of us that had been through what you’re experiencing. Put the buckets in the basement to catch the residual fallout and let’s do this. You’ve already shown that you’re resilient so the next step is to keep your head down and continue on your path.  It’s not luck that got you back in the game…it’s tenacity and your wherewithal to succeed. I would suggest you go for a Discover or AmEx and get a Pre-Qual to help you settle in and make an informed decision.

 

That’s strictly my opinion and not that of the MF Community which I am confident will respond.




Message 16 of 18
BAD_UP
Established Contributor

Re: Capital One Tripled My Limit! Am I not Bucketed?

Congrats on your CapOne CLI🎉👍




Starting Score: 541
Nov 15 2020 score: EQ FICO8 635, TU8 636, EX8 644
Dec 15 2020 score: EQ FICO8 633, TU8 658, EX8 661
Jan 15 2021 Score EQ FICO8 698, TU8 689, EX8 706
Feb15 2021 Score EQ FICO8 704, TU8 702 , EX8 712 Goal Score: All Scores 760+,

In the garden since 1/28/21
Recently App. 1/3/21 & 1/23/21
What will you attempt to do if you knew could not Fail?
Message 17 of 18
JoeLuvsHisCredit
Valued Contributor

Re: Capital One Tripled My Limit! Am I not Bucketed?

Congratulations

Message 18 of 18
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