@Tinkiegrrl wrote:Hello - New to the my FICO board and fairly new to credit in general. I'm here because I fear I have a bucketed Capital One card, and I was wondering what possible steps I could take to get it out of the bucket. I do have other, higher limit cards at this point, but if I travel abroad I'd want to use the Quicksilver for 1.5% cash back without a foreign transaction fee. That's difficult with a $400 limit.
Yes, Cap1 buckets cards, their denial reasons for CLI requests usually make no sense, and if your card is bucketed, you're more likely to get struck by lightning than ever get a CLI. 
I have three Cap1 cards--a QS MC, a QS Visa, and a Walmart Rewards MC. The first two have been stuck at $4,000 and $4,500 CLs for *YEARS*, as in double-digit years, and the WM card has been stuck at $10,000 ever since Cap1 acquired it about two years ago. ALL requests for a CLI are immediately denied; the explanation letter that follows usually doesn't make much sense. I'm very familiar with the 'not enough spend on your existing limit' (or however they word that)--it seems to be one of their favorites! But I also get reasons that don't apply to me AT ALL; it's like they just pluck a few reasons at random and print them on the letter. 
My best advice, considering how tiny your limit is, plus my own experience, would be to forget all about this card. Either apply for a different Cap1 card (not my first choice), hoping for a higher limit, or try somewhere else. I was considering closing both of my Quicksilvers, until some very helpful posts made me reconsider. But if I had your limit? GOODBYE Cap1!!!
It's my older set card. My first, but only by a month. Maybe down the road I'll cancel it. For now it'll sit in a sock drawer with autopay enabled and it'll handle my Hulu subscription. Or I'll grant my 16 yr old son permission to view and pay for the account. Make it a training credit card of sorts. Use it to teach him about credit. He can't get into too much trouble with a $400 limit
@SoCalGardener wrote:
@Tinkiegrrl wrote:Hello - New to the my FICO board and fairly new to credit in general. I'm here because I fear I have a bucketed Capital One card, and I was wondering what possible steps I could take to get it out of the bucket. I do have other, higher limit cards at this point, but if I travel abroad I'd want to use the Quicksilver for 1.5% cash back without a foreign transaction fee. That's difficult with a $400 limit.
Yes, Cap1 buckets cards, their denial reasons for CLI requests usually make no sense, and if your card is bucketed, you're more likely to get struck by lightning than ever get a CLI.
I have three Cap1 cards--a QS MC, a QS Visa, and a Walmart Rewards MC. The first two have been stuck at $4,000 and $4,500 CLs for *YEARS*, as in double-digit years, and the WM card has been stuck at $10,000 ever since Cap1 acquired it about two years ago. ALL requests for a CLI are immediately denied; the explanation letter that follows usually doesn't make much sense. I'm very familiar with the 'not enough spend on your existing limit' (or however they word that)--it seems to be one of their favorites! But I also get reasons that don't apply to me AT ALL; it's like they just pluck a few reasons at random and print them on the letter.
My best advice, considering how tiny your limit is, plus my own experience, would be to forget all about this card. Either apply for a different Cap1 card (not my first choice), hoping for a higher limit, or try somewhere else. I was considering closing both of my Quicksilvers, until some very helpful posts made me reconsider. But if I had your limit? GOODBYE Cap1!!!
@Tinkiegrrl I think the CLI is dependent on individual users. Just like you, I pay my card off 5 days before the due date. After 6 months of perfect payments, Cap One gave me an increase without asking for one. I do vary in how much of my credit limit I use each month though. I use all of my credit cards like debit cards (paying them down to $0 5 days befor their due dates and waiting until 5 days after the due date to use again so they will post the $0 on my credit reports).
Hopefully your son's use will prompt without requesting a CLI down the road.
Have a wonderful holiday season! 
Your Quicksilver may be bucketed @Tinkiegrrl but I would give it more time to be sure. All low limit Capital One cards are not bucketed and all of them grow slowly when they grow. I had a $1K SL Platinum card about 12 years ago that I sock drawered for the low limit. A few years later, I product changed to Quicksilver and eventually grew it all the way up to $25K. Here is a link to my last CLI report. It's not personal, it's business, and your profile was young when you got it. I would give it a chance. And welcome to My Fico forums! 😁
@Tinkiegrrl wrote:
@Anonymalous wrote:
@Tinkiegrrl wrote:
Actually I'm tempted to simply make my son an account manager for this card. He's an AU already. I can grant him permission to view and pay them account. With the low limit, it can be a training credit card of sorts. He won't be able to get into trouble I can't buy him out of.Sounds like a good idea. I'm a big fan of giving kids practical financial experience, and involving them in financial decisions. The hesitancy to talk about money is why so many people grow up to be financially illiterate. And as soon as possible, get him his own no AF card from a major bank, because he's legally not responsible for an AU card, and lenders know that.
Yeah - My parents told me nothing about credit beyond "don't get a credit card". 43 yrs later I'm building my credit now... Nnot sure my son will go for managing the account though. I shouldn't have added him to my Apple Card. He's mostly using that because he gets the cash back on his Apple Pay card when he does. I pull the money for his purchases out of his checking account unless he's ordering himself and my daughter a pizza or something and I'm not home, or unless I send him to the grocery store to buy a few things for the house. He loves using his phone to pay for everything, and the Apple Card just works so seamlessly with that. UI for it is pretty slick too. Gen Z seems to like that. Even he has sock drawered the Quicksilver lol. I could cut acces to the Apple Card though...
How does GS Apple Card set up the authorized user? Does the AU see their own charges to pay those at the next month, or you have to sort through the charges yourself to determine what is yours, what is the AU? If he's more interested in the Apple Card, perhaps pushing him to more directly manage that one card is the easier lesson plan?
