Cap 1 bucketed.. ?

[Remedios]

A difference in opinions is not a argument....yet 

[Shooting-For-800]

Cap One buckets CARDS not PEOPLE.

You can have a card stuck at $1,000 then get a new card with a SL of $10,000.

As your credit dramatically improves, so will your options with better cards and better SLs.

After my rebuild, my first card was Cap One Platinum with $3,000 SL and 4 years later I opened a Cap One Venture with $30,000 SL.

If you use your cap one cards and pay them on time and your credit improves 50 points or more, your new cards will probably be dramatically better than your old cards.

GL!

[ChargedUp]

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@Shooting-For-800 wrote:

Cap One buckets CARDS not PEOPLE.

You can have a card stuck at $1,000 then get a new card with a SL of $10,000.

As your credit dramatically improves, so will your options with better cards and better SLs.

After my rebuild, my first card was Cap One Platinum with $3,000 SL and 4 years later I opened a Cap One Venture with $30,000 SL.

If you use your cap one cards and pay them on time and your credit improves 50 points or more, your new cards will probably be dramatically better than your old cards.

GL!

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This is truth... My 2nd card was my Union Plus MC which has been stuck at $2500 for 3 years. Just recently grabbed Savor with a $10K SL. I'd LOVE to get my UP MC up to the same limit, but as it is I only throw a couple small purchases on it a year. Knowing Cap One, they want to see lots of spend pushed through their cards, so it's a catch 22. Maybe when it hits the 4 year mark I might blow the dust off of it and put it back in the daily driver mix for a few months to see if I can get it to grow.

Your best chance of getting it moved into a higher tranch is to use the heck out of it, make large and timely payments, repeat.

[Anonymous]

Thank you @Golum that article you referred to, I never would've found that and those are some of the same things I finally figured out about capital 1 also. Good deal thanks again!

[Anonymous]

Yup. Cards not people.

Personally once you understand the rules they want you to play by, I kind of like Cap1. They might bucket a card because you app'd dirty but once you improve they want you to app for a new card and will happily give you a higher limit card. They don't want to give you a high limit on the bucketed card (for reasons already outlined). Don't spend your time trying over and over to grow the bucketed card. The bucketed card is to help you rebuild. Once your scores improve get new cards. From anyone, it does not have to be Cap1. Do not spend one single ounce of energy trying "grow" starter cards. Can you? Sure. But why?

Also I think the triple pull is overhyped. It is not 3 separate request for credit, which is what UW would be looking for.

Take Savor One for example. I looked over at Doctor of Credit to see which cards where offering a sub. All the subs are from prime banks

The Savor One offers a $150 sub, no ann fee, and 15 months 0% and cash back, all from a bank that will approve shaky profiles. The combination is rarely offered and usually to people with great credit.