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CAPITAL one Quicksilver credit limit increase?

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CAPITAL one Quicksilver credit limit increase?

I applied for a Capital 1 platinum card October 2015. At the time, credit score was average 479 (previous bankruptcy). I was approved with $300 Limit credit steps program. I was automatically increased to $800 April 2016. August I was upgraded to Quicksilver with 1.5% cash back. Today September 3, 2016, my scores are average 604. I have used roughly $2,500 over the past 5 months from my $800 QS card. All payments ontime. What is my chances of getting a new increase of say $2000 or $3000? ANY COMMENTS, ADVICE welcomed.
TU: 650 EQ: 625. EX: 629
| FLAGSHIP $12.5K [ NFCU cashRewards $10k [ PIER 1 $500 [ NORDSTROM $2000 [ MATTRESS FIRM $1,200
3 years Post Ch.7






11 REPLIES 11
Senior Contributor

Re: CAPITAL one Quicksilver credit limit increase?

Seeing it's a soft pull you have nothing to lose. You will have to wait the full 6 months before requesting the increase.

The chances of getting a big increase of what your hoping for is very hard tell tell.

I'm thinking if you are granted an increase you may be bumped to a total CL of $1500-$2000.

No one can be sure. They may bump you to $1200 or $1300.
Message 2 of 12
Contributor

Re: CAPITAL one Quicksilver credit limit increase?

Thanks Donny. I wish they would make it clear if they solely look at credit score for increasing purposes or frequency and dollar amount of usage. This is a hard waiting game.... ughh
TU: 650 EQ: 625. EX: 629
| FLAGSHIP $12.5K [ NFCU cashRewards $10k [ PIER 1 $500 [ NORDSTROM $2000 [ MATTRESS FIRM $1,200
3 years Post Ch.7






Message 3 of 12
Senior Contributor

Re: CAPITAL one Quicksilver credit limit increase?

They look at scores, usage, the size of your payments you make to them, new or recent derogs & util.
Message 4 of 12
Moderator

Re: CAPITAL one Quicksilver credit limit increase?

Good stuff on this thread so far... I'm requesting for it to be moved to 'Credit Cards' so you'll get even more feedback.  Smiley Wink

Message 5 of 12
Frequent Contributor

Re: CAPITAL one Quicksilver credit limit increase?

Utilization on their cards, or across the board on all cards?

Message 6 of 12
Senior Contributor

Re: CAPITAL one Quicksilver credit limit increase?

Both.
Message 7 of 12
Valued Contributor

Re: CAPITAL one Quicksilver credit limit increase?

You can request a CLI. It's a SP so it wont impact your scores. If you decide to go for it... def report back your results.

Message 8 of 12
Regular Contributor

Re: CAPITAL one Quicksilver credit limit increase?

Have you tried the cap one pre-qual site. From what I have read capital one increased in 6 months increments. Increases are also based on other factors such as derogatories, utility etc.  

Message 9 of 12
Moderator

Re: CAPITAL one Quicksilver credit limit increase?

Please don't post duplicated threads.  Orgiinal one here.

 

http://ficoforums.myfico.com/t5/Credit-Cards/CAPITAL-one-Quicksilver-credit-limit-increase/td-p/4737...

 

Asking mod to merge or purge this one.  

Message 10 of 12
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