One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?
@ajcredit wrote:One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?
it's unlikely you'll be 'unbucketed', but there is upwards potential, but there's no promise you'll ever get a CLI up to 3-6k total
it might be more than a few months of that maxing behavior before Cap1 acknowledges it in your CLI requests, but it also may never happen
if you actually want a cap1 card with a high limit, just check the pre-approval and apply (venture X won't show up, but if venture does it's a good sign)
assuming your profile is now clean and thick, you should get a nice limit with high upwards growth based on that massive spend
Maybe 1%, if that, get freed from the bucket. Isnt hurting anything. Adds to your age metrics. But some will say close it. 50/50. Up to you.
@FireMedic1 wrote:Maybe 1%, if that, get freed from the bucket. Isnt hurting anything. Adds to your age metrics. But some will say close it. 50/50. Up to you.
Capital One almost seems like a bit like Dante's inferno with different levels of bucket hell. My Capital One cards are probably bucketed and may have limited growth potential but they aren't in the lowest of buckets where ppl get stuck at $1k or less either.
@ajcredit wrote:One of my oldest cards is a Capital One QS I've had for about 12+ years. I don't remember what it originally was but it was changed to QS a couple years after I had it. The limit has been stuck at $2250 for about 10 years. From what I read it's likely "bucketed". Does that ever change? Since I changed jobs a few years ago and do excessive amounts of travelling, I have an average monthly spend of about $10-12k across all cards and always paid in full just before or after the statement dates. Just for the heck of it, I've been maxing it out and paying off the QS before the due date the past few months to see if that helps. When I asked for a CLI one of the reasons I got back was "Recent use of this account's existing credit line is too low". Am I doing something wrong or is Capital One just a pain?
If a card is bucketed it may never move. But just apply for a different card and you should be ok.
