Congratulations!! The quicksilver one and platinum cards are included in credit steps and it is automatic. I got my credit steps email about a month after getting my platinum card. I was given a 2k starting limit and my credit steps email said I would get another $500 after the five on time monthly payments. I dont know what the growth potential is, but it seems like people grow a bit with the rebuilder card then once they qualify for a regular quicksilver combine the limits and close out the starting card. My third statement will cut this weekend and then I will try for a CLI and a product change to the quicksilver. I've read on here that capital one likes to see lots of usage and big payments, but I dont have any data of my own to back that up. It is my only credit card right now and I put everything on it and make several big payments a month so if I get an increase and product change this weekend then I guess it's true. I'm sure someone who has been playing this game longer then me will chime in. Good luck on your rebuild.
On a ide note I wish my lawyer had told me to get a cc right away and work on rebuild... I have read that here a lot. Mine did not and I waited too long. I could have been a lot further along. Glad your doing the right thing
Cap 1 has tightened the reigns a little lately, so it is hard for anyone to say for sure. I feel like if you are using and PIF they are going to give you increases, just maybe not quite as much as they used to. Combining many high cards to a monster card (35-50k) and SDing is definitely a thing of the past, as Cap1 is slashing those unused limits.
Keep us posted on your progress. We need new data points for new Cap1 accounts.
You probably will be in credit steps but don't be afraid to hit the credit line increase button every month starting after 2 statements until you get a cli that way too because you can usually double dip that first CLI with cap1 before 6 months.
Cap One is a great card to start with out of BK. You can get some CLIs with usage and fast payments.
Eventually as your credit gets much better, you will want to apply for another Cap One card.
Each card has it limits based on your score when opened. Glass ceilings.
Loyality does pay off though.
I started with a $3000 card fresh out of BK and 3 years later ended up with a $25k World MC Venture and $23k Visa Sig QuickSilver card with them.
I make over $100 per month in cash back and never paid a dime of interest.
They have treated me very very well.
I did however have to open and close several accounts as my credit got better to achieve the higher quality cards.
They also gave me a 2.49% 72 month car loan with no money down and no required documents.
I charge everything and make payments weekly not monthly.
DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!