capital one platinum mastercard

[Anonymous]

I decided to app for the capital one platinum mastercard and I was approved instantly. However, I'm very disappointed with the $300 credit limit. $300??? I mean they do say my credit line will increase after the first 5 payments are made on time. I have 5 other cards with limits of $1k+ and even the AMEX Green charge card and I do not understand the small limit at all.

So my questions are:

1. Why is my limit so small? 

2. Can my CL still increase if I dont charge anything on the card for the first 5 payments? Like say if I carry a zero balance will my CL increase? I wouldnt plan on using a card with $300

3. Rant over thanks for reading.

[SnowBowl]

---

@Anonymous wrote:

I decided to app for the capital one platinum mastercard and I was approved instantly. However, I'm very disappointed with the $300 credit limit. $300??? I mean they do say my credit line will increase after the first 5 payments are made on time. I have 5 other cards with limits of $1k+ and even the AMEX Green charge card and I do not understand the small limit at all.

So my questions are:

1. Why is my limit so small?  many factors, any baddies on your CR?

2. Can my CL still increase if I dont charge anything on the card for the first 5 payments? Like say if I carry a zero balance will my CL increase? I wouldnt plan on using a card with $300  I would put small charges for 1st 5 statement, $20 ish or under.

3. Rant over thanks for reading. about 7 years ago I started out with $300 too now its sitting at $3,700.  hope it gives you some hope

---

 Actually, I wanted to add something to it.. it was originally HSBC account with $300 limit then Cap1 took over ever since.. been growing slowly.

[Anonymous]

Can't say.....don't know anything about your credit profile. That is a pretty standard limit for people getting their foot in the door, especially those rebuilding or with limited age on accounts.

[Anonymous]

Started with a $200 CL.