Cap One Question

[Anonymous]

Hello everyone..  so i got a quicksilver one back in march and ever since then i've been checking the preapproval and was getting nothing until yesterday... got a preapproval for the secured card?  which is weird cause i've got the early cli to 800 on the quicksilver one and still in  the credit steps.. my question,  is that the only card i have a chance to get right now?  i don't want to waste the 3 hp on that or get denied on a card that did not show up on the preapproval..   thanks for any info

[Santi78342]

It would be very helpful to know your FICO scores? Other cards + limits?

[Anonymous]

Fico scores - tu 611  eq 605          cards  walmart - 700    amazon - 600   credit one - 800    cap one qs 1 - 800   credit first - 1200   fingerhut -  2500   kohls - 300   macys - 600  vs -300   express - 300    utl - 41%

[Anonymous]

ex -  600

[Anonymous]

You would probably be able to get their no frills platinum card, but my guess is that would be all. However, I have been approved for venture cards without a prequal, but my scores and history with them were fairly better than yours.

[rockbttm442]

I'd drop your utl down. Let your QS1 hit 6 months and see what you qualify for then. That my plan. I got my QS1 in Feb.

[Anonymous]

yeah i should drop that utl some... thanks

[UncleB]

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@rockbttm442 wrote:
I'd drop your utl down. Let your QS1 hit 6 months and see what you qualify for then. That my plan. I got my QS1 in Feb.

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+1

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden. 

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around.  Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there! 

[TiggerDat]

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@UncleB wrote:

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@rockbttm442 wrote:
I'd drop your utl down. Let your QS1 hit 6 months and see what you qualify for then. That my plan. I got my QS1 in Feb.

---

+1

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden. 

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around.  Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there! 

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One of mine still is stuck.  Every time I hit the Luv Button with them they tell me that account is not eligible for increases while they review thier policy. 

Funny to me, since I have two other cards with them.  One of them they offered an increase to me on, it was a substantial increase too; from 7 to 10.

The third account won't give me an increase because the amount of payments compared to the amount charged has been low.  Before I did a balance transfer to the account it was sitting for a while and the reason for denial was usage of the credit limit.  Only one payment has been made since the balance transfer.  I kinda figured that would be the reason when I asked a few days ago. 

While they are much better as of recent times, they still have some of their old ways hanging about.

Two of my cards are being used by AUs, when they are paid off I am going to try and transfer the bulk of the limits to the lowest card, the one they have never give me an increase on.  I figure that since it is the hardest to get them to increase the limits on, then I will play by their rules.  I will get a good limit with that card and then build the other limits back up or whatever.

[UncleB]

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@TiggerDat wrote:

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@UncleB wrote:

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@rockbttm442 wrote:
I'd drop yourutl down. Let yourQS1 hit 6 months and see what you qualify for then. That my plan. I got myQS1 in Feb.

---

+1

Do this, and pay off your QS1 monthly... in 6 months I bet you'll be golden. 

For a long time Capital One had a reputation for not giving CLIs, etc. but lately they have really come around.  Many folks on here (myself included) have had recent luck with CLIs on cards that were seemingly 'stuck' for years.

Hang in there! 

---

One of mine still is stuck.  Every time I hit the Luv Button with them they tell me that account is not eligible for increases while they review thier policy. 

Funny to me, since I have two other cards with them.  One of them they offered an increase to me on, it was a substantial increase too; from 7 to 10.

The third account won't give me an increase because the amount of payments compared to the amount charged has been low.  Before I did a balance transfer to the account it was sitting for a while and the reason for denial was usage of the credit limit.  Only one payment has been made since the balance transfer.  I kinda figured that would be the reason when I asked a few days ago. 

While they are much better as of recent times, they still have some of their old ways hanging about.

Two of my cards are being used by AUs, when they are paid off I am going to try and transfer the bulk of the limits to the lowest card, the one they have never give me an increase on.  I figure that since it is the hardest to get them to increase the limits on, then I will play by their rules.  I will get a good limit with that card and then build the other limits back up or whatever.

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Sounds like a plan... just keep in mind you won't be able to build the other limits back up, since those cards will be closed; unfortunately the Capital One online option (when it was available) only allowed us to combine accounts (closing one of them), not move partial limits. 

On the plus side, once you combine accounts you'll likely be able to apply for a new Capital One account and get a much higher line, if you want.