Cap One QS

[Etherial73]

Hi All,

I have a Cap One QS that started life a year ago as a Platinum, but was Pc'ed to the QS (NOT the QS1). Started with $500 limit, still at $500 limit. I am in the rebuilding phase, and scores are steadily climbing after a Ch 7 discharge March 26, 2018. Perfect payment history since then. I use the available credit and always pay in full, sometimes 2 times per billing cycle. Whenever I ask for a credit limit increase I get the "Recent use of this accounts existing credit line has been too high" message.

I understand the card is probably bucketed, but what is the point of having and using a credit limit, and always paying off in full, if they are going to use that as a reason to deny you a higher limit? It seems the perfect payment history as well as making use of the current credit limit would justify the need for a higher spend limit. Especially for such a low limit card. Am I off base with my line of thinking?

[mikesonthemend]

Welcome!

I would suggest keeping the balance below $150 at all times.

In lieu of asking for CLI's on that card, check for pre-approvals on a new card from Cap1.  They will  auto-step your current card to $1000 over your next 12 months and then it is "capped."  It appears as though a second card, approved with a better original profile, has better chances for growth.

Good luck!

[Anonymous]

I also started with the platnum 500 sl. I upgraded it to the quick silver after my steps program got it to 750. Now 1 1/2 later it's at 2250. It goes up but every 6months they will let you have an increase depending on your credit standing. I had a ch7 discharged nov 2016. It's going to be there awhile but cap one will treat you right if you do your part. I have heard even though bucketed it'll get to 8250 i have also read here with some with a tad bit more. I used it quite heavily i just made sure it was 30% or less for the UTI. Give it time i've been quite lucky but im not the only one. I understand the whole waiting game but unfornuitly for us with bk on are reports it takes a bit longer to prove credit worthyness. Good luck to you!

[Fated4Credit]

I just got an increase on my pc'ed QS (started @ 200 secured in April 2017) I requested a CLI & was approved for 150 a few days ago. After I got through with credit steps. I used it heavily, paying 5x the amount multiple times a month for 3 months before I got an auto increase of 1000 in 10/18, bringing total limit to 1651.

[Anonymous]

I had my Platinum for 4 months before I PC'd to QS. SL was $3,000. Right after I PC'd I ask for a CLI and was denied. Reason was not enough use of credit limit. I completed my steps last month and I'm supposed to get a $500 bump in the next few days. Since I got the Amex Gold I really don't use the QS much. I don't see getting many CLI's after this month.

[gorgon]

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@Anonymous wrote:

I had my Platinum for 4 months before I PC'd to QS. SL was $3,000. Right after I PC'd I ask for a CLI and was denied. Reason was not enough use of credit limit. I completed my steps last month and I'm supposed to get a $500 bump in the next few days.

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Same boat, but I did get a $300 CLI before Credit Steps. I'm curious as well as to whether the '$3500 after Credit Steps' cards will ever get CL increases. 

[TheConstant]

I went from $300 Plat to $4800 QS:

I have had two QS, first one was a PC from Plat 5 years ago. It started with a very low credit score (no BK, but one collection and one charge off). Here's how I did it:

Keep util below 50% per month and pay in full ONCE PER MONTH 1 week before your payment due date.

They will auto CLI you 6 months in, DO NOT request for CLI.

3 months after auto CLI, use their online "chat now" to ask the customer rep if they had any offers to upgrade your card to a higher limit or to a World MasterCard.

DO NOT, I repeat, DO NOT pay that card twice a month. CapOne for sure is not fond of it

[gorgon]

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@TheConstant wrote:

DO NOT, I repeat, DO NOT pay that card twice a month. CapOne for sure is not fond of it

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Where did you hear that? I have seen several posts on here where people have said it's fine to pay multiple times a month.