Cap One PC

[Anonymous]

So long story short, I just PC'd my Platinum card that I've had for almost 6 years (will be in May) to a QS account. I also have the QS1. My plat had a start limit of 500 and I received my first CLI of 100.00 exactly one month ago today for a total of a 600 line.

I wish I had read the board before asking for my platinum cli increase and accepting because I would have known about the 6th month cap one rule. However, I thought it wouldn't apply if I PC'd to the QS- wrong. I am stuck at 600 till august confirmed by the rep I just spoke with.

However she kind of confused me. She said that while I have the QS, it's still basically a platinum with the added rewards of the QS card. She explained that since I signed up for the plat when I had no credit to build credit, that even though I now have the QS- i may still be stuck at lower limits. 

Is this true? If so, it may have been worth closing my plat and just apping for the qs- although I am signing a car loan with cap one tomorrow so I don't wanna do that but still. My QS1 has a 3,000 limit. I read to apply for an increase on the 61st day as well... it has been 38 days. I use my cap one card for basically everything I can and then pay it off at the end of the month before it reports. (I leave a few dollars on it sometimes so it shows I am using credit- under 9%)  

That just bummed me out. I was gonna consolidate my QS1 to the QS in 6 months but not if that account is cursed with low limits. (I don't want anything over the top but like 8-10k would be nice for me with them)

Any feedback?

[Anonymous]

---

@Anonymous wrote:

So long story short, I just PC'd my Platinum card that I've had for almost 6 years (will be in May) to a QS account. I also have the QS1. My plat had a start limit of 500 and I received my first CLI of 100.00 exactly one month ago today for a total of a 600 line. Do you mean 6 months?

I wish I had read the board before asking for my platinum cli increase and accepting because I would have known about the 6th month cap one rule. However, I thought it wouldn't apply if I PC'd to the QS- wrong. I am stuck at 600 till august confirmed by the rep I just spoke with. Credit steps? Yes, 6 months

However she kind of confused me. She said that while I have the QS, it's still basically a platinum with the added rewards of the QS card. She explained that since I signed up for the plat when I had no credit to build credit, that even though I now have the QS- i may still be stuck at lower limits. This could mean two different things; 1) due to the limit, it is not a World or World Elite MasterCard, therefore, it is a Platinum MasterCard with Platinum MasterCard benefits 2) you may have actually spoken to a well informed CSR; many report here that a starter card with Capital One usually stays a starter card. There is evidence that some peoples cards grow once being changed to QS or Venture but other people report no luck with their original Capital One cards. 

Is this true? If so, it may have been worth closing my plat and just apping for the qs- although I am signing a car loan with cap one tomorrow so I don't wanna do that but still. My QS1 has a 3,000 limit. I read to apply for an increase on the 61st day as well... it has been 38 days. I use my cap one card for basically everything I can and then pay it off at the end of the month before it reports. (I leave a few dollars on it sometimes so it shows I am using credit- under 9%)  Nice, Captital One loves to see usage.

That just bummed me out. I was gonna consolidate my QS1 to the QS in 6 months but not if that account is cursed with low limits. (I don't want anything over the top but like 8-10k would be nice for me with them) You would probably have better luck applying for a new card and then combining the new card into an older, existing card for a higher credit line.  At the end of the day, you are on a journey to rebuild your credit and Capital One is helping you in that journey. However, if at the end of your journey they do not want to play nice with you, you can thank them for the help and move on. Do not get frustrated at this point and keep moving forward. 

Any feedback?

---

[UncleB]

---

@Anonymous wrote:

So long story short, I just PC'd my Platinum card that I've had for almost 6 years (will be in May) to a QS account. I also have the QS1. My plat had a start limit of 500 and I received my first CLI of 100.00 exactly one month ago today for a total of a 600 line.

I wish I had read the board before asking for my platinum cli increase and accepting because I would have known about the 6th month cap one rule. However, I thought it wouldn't apply if I PC'd to the QS- wrong. I am stuck at 600 till august confirmed by the rep I just spoke with.

However she kind of confused me. She said that while I have the QS, it's still basically a platinum with the added rewards of the QS card. She explained that since I signed up for the plat when I had no credit to build credit, that even though I now have the QS- i may still be stuck at lower limits. 

Is this true? If so, it may have been worth closing my plat and just apping for the qs- although I am signing a car loan with cap one tomorrow so I don't wanna do that but still. My QS1 has a 3,000 limit. I read to apply for an increase on the 61st day as well... it has been 38 days. I use my cap one card for basically everything I can and then pay it off at the end of the month before it reports. (I leave a few dollars on it sometimes so it shows I am using credit- under 9%)  

That just bummed me out. I was gonna consolidate my QS1 to the QS in 6 months but not if that account is cursed with low limits. (I don't want anything over the top but like 8-10k would be nice for me with them)

Any feedback?

---

Capital One calls their no-rewards card "Platinum", which is a bit confusing since "Platinum" is also a level of MC/Visa... basically, any Visa that isn't a Signature or Infinite is Platinum level, and any MasterCard that's not WMC or WEMC is also platinum.

What this means is that your card was upgraded to a QS so it's no longer a Capital One 'Platinum', but it's still a network 'Platinum'.  I have a card in the same situation... an old HSBC/Orchard 'Platinum' MasterCard was transitioned into a QS1 back in 2013, and I eventually got it PC'd to a QS to get rid of the annual fee. 

Unless you're needing Signature (Visa) or WMC/WEMC (MasterCard) benefits it really won't make a difference.  That said, Capital One is notorious for 'bucketing' cards, in other words, a card that has a modest beginning will most likely not grow quite as fast as a card approved with a higher initial credit line.  That's not to say growth isn't possible... my own started out with a SL of $300 and it's now at $4900, but it's taken 10 years to get there (on the other hand, I got a Venture two months ago with a starting credit line of $10k). 

Hope this helps! 

[Anonymous]

I've noticed the bucketing thing too.

Best to just use their starter cards for their purpose of building, then app for their better cards later on and donate the starter card limit into it and close said starter card. 

[Anonymous]

So long story short, I just PC'd my Platinum card that I've had for almost 6 years (will be in May) to a QS account. I also have the QS1. My plat had a start limit of 500 and I received my first CLI of 100.00 exactly one month ago today for a total of a 600 line. Do you mean 6 months? No, I mean 6 years. I opened my platinum in may of 2011- I just now converted it to a Quicksilver Account. 

I wish I had read the board before asking for my platinum cli increase and accepting because I would have known about the 6th month cap one rule. However, I thought it wouldn't apply if I PC'd to the QS- wrong. I am stuck at 600 till august confirmed by the rep I just spoke with. Credit steps? Yes, 6 months Is there credit steps for the regular QS I just converted it to? That I did not know. Thought it was just for the plat and qs1.

However she kind of confused me. She said that while I have the QS, it's still basically a platinum with the added rewards of the QS card. She explained that since I signed up for the plat when I had no credit to build credit, that even though I now have the QS- i may still be stuck at lower limits. This could mean two different things; 1) due to the limit, it is not a World or World Elite MasterCard, therefore, it is a Platinum MasterCard with Platinum MasterCard benefits 2) you may have actually spoken to a well informed CSR; many report here that a starter card with Capital One usually stays a starter card. There is evidence that some peoples cards grow once being changed to QS or Venture but other people report no luck with their original Capital One cards. Bummer.

Is this true? If so, it may have been worth closing my plat and just apping for the qs- although I am signing a car loan with cap one tomorrow so I don't wanna do that but still. My QS1 has a 3,000 limit. I read to apply for an increase on the 61st day as well... it has been 38 days. I use my cap one card for basically everything I can and then pay it off at the end of the month before it reports. (I leave a few dollars on it sometimes so it shows I am using credit- under 9%)  Nice, Captital One loves to see usage.

That just bummed me out. I was gonna consolidate my QS1 to the QS in 6 months but not if that account is cursed with low limits. (I don't want anything over the top but like 8-10k would be nice for me with them) You would probably have better luck applying for a new card and then combining the new card into an older, existing card for a higher credit line.  At the end of the day, you are on a journey to rebuild your credit and Capital One is helping you in that journey. However, if at the end of your journey they do not want to play nice with you, you can thank them for the help and move on. Do not get frustrated at this point and keep moving forward.  I think this may be what I end up doing in the future. My QS1 was opened on the best terms. Maybe i'll ditch the QS and get the regular Venture when my credit improves then see about upgrading the QS1 to QS if they let me. Thanks.

[Anonymous]

Yes, that helped a lot. It's just a bummer. I'll probably just wait until my scores improve and close the 600.00 QS and app for the Venture or Venture One. Maybe then they'll let me PC the QS1 to QS since I opened my QS1 under pretty good terms with them.

[Anonymous]

---

@Anonymous wrote:

So long story short, I just PC'd my Platinum card that I've had for almost 6 years (will be in May) to a QS account. I also have the QS1. My plat had a start limit of 500 and I received my first CLI of 100.00 exactly one month ago today for a total of a 600 line. Do you mean 6 months? No, I mean 6 years. I opened my platinum in may of 2011- I just now converted it to a Quicksilver Account.  Ohh got it. I got confused because you said you just got the increase. This is why I brought up credit steps below.

I wish I had read the board before asking for my platinum cli increase and accepting because I would have known about the 6th month cap one rule. However, I thought it wouldn't apply if I PC'd to the QS- wrong. I am stuck at 600 till august confirmed by the rep I just spoke with. Credit steps? Yes, 6 months Is there credit steps for the regular QS I just converted it to? That I did not know. Thought it was just for the plat and qs1. Nope, you are correct. I was confused, see above.

However she kind of confused me. She said that while I have the QS, it's still basically a platinum with the added rewards of the QS card. She explained that since I signed up for the plat when I had no credit to build credit, that even though I now have the QS- i may still be stuck at lower limits. This could mean two different things; 1) due to the limit, it is not a World or World Elite MasterCard, therefore, it is a Platinum MasterCard with Platinum MasterCard benefits 2) you may have actually spoken to a well informed CSR; many report here that a starter card with Capital One usually stays a starter card. There is evidence that some peoples cards grow once being changed to QS or Venture but other people report no luck with their original Capital One cards. Bummer.

Is this true? If so, it may have been worth closing my plat and just apping for the qs- although I am signing a car loan with cap one tomorrow so I don't wanna do that but still. My QS1 has a 3,000 limit. I read to apply for an increase on the 61st day as well... it has been 38 days. I use my cap one card for basically everything I can and then pay it off at the end of the month before it reports. (I leave a few dollars on it sometimes so it shows I am using credit- under 9%)  Nice, Captital One loves to see usage.

That just bummed me out. I was gonna consolidate my QS1 to the QS in 6 months but not if that account is cursed with low limits. (I don't want anything over the top but like 8-10k would be nice for me with them) You would probably have better luck applying for a new card and then combining the new card into an older, existing card for a higher credit line.  At the end of the day, you are on a journey to rebuild your credit and Capital One is helping you in that journey. However, if at the end of your journey they do not want to play nice with you, you can thank them for the help and move on. Do not get frustrated at this point and keep moving forward.  I think this may be what I end up doing in the future. My QS1 was opened on the best terms. Maybe i'll ditch the QS and get the regular Venture when my credit improves then see about upgrading the QS1 to QS if they let me. Thanks. Sure. A lot of folks seem to have better luck this way. Good luck tomorrow on your car. Please post your approval in the Auto Loans section. I LOVE reading about peoples new cars, I have to live vicariously through others LOL.

---

[Anonymous]

I will post it.

[AverageJoesCredit]

Lol, nice UncleB. Go the 10 year route for a 5,000 cl or just double it up on a new app in 1 day Priceless