I was wondering if anyone knew if closing a bucketed card, and then opening another once your credit profile has improved would improve which bucket you may be in? I got a QS1 as one of my first rebuild cards, and it is about a month away from the AF. I am pre-approved for a QS for good credit, and was wondering if that would would be out of the QS1 bucketed area and actually have some growth potential?
@GreyvyTrain wrote:I was wondering if anyone knew if closing a bucketed card, and then opening another once your credit profile has improved would improve which bucket you may be in? I got a QS1 as one of my first rebuild cards, and it is about a month away from the AF. I am pre-approved for a QS for good credit, and was wondering if that would would be out of the QS1 bucketed area and actually have some growth potential?
as a dirty profile? growth will be extremely limited
there's no real way of knowing if you'll get $300 or $3000 despite being later into your rebuild
After the account is bucket is forever The only way is by opening the new account..
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Here are some DPs.
The Walmart Rewards card I have is turning into a QS at the end of October, however I got this card back in 11/2023 with score probably around 600 or in the high 500s, so I'm not sure if it will grow after the change, and it will be a year old in November. Not sure if the whole CLI 6-12 month thing will reset once they change it over to a QS mastercard.
The QSOne I got 8/2023 - one of the very first rebuilder cards. Scores around mid 500s. I've tried to PC and limit transfer on it over to my Savor, but no go. I'd probably have to incur the AF to see if it allows me to transfer CL over once it is a year old, and at that point I've wasted the point of avoiding an AF and closing a card I haven't used in months.
The SavorOne is a QS that I got in March 2024, SL 300, CLI to 400 same day I opened it. 3 months after that in June I PC'd it to the SavorOne which I use heavily for all TV, Internet, Phone, Sirius Radio, dining and groceries (so it is definitely a go to card for me, besides the low CL). Around March 2024 when I got the QS scores were around low 600-620. I also had a non-paid CO and over 30% UTI at the time. So I assume that account is in a bucket for those score and how my profile was at that time. Another thing to mention was that I didn't have a card over a 1K limit (which was a 1K Aspire) up until after I got that QS.
Currently I still sit with 3 paid COs, 1% UTI, highest limit card at 8K, followed by 4.5K, 1.8K, 1.5K, etc. So I have reporting around 22K in available credit, not counting a 30K BofA AU card.
I'm thinking of pulling the trigger and applying for another SavorOne which I'm pre approved for, but it is a "for good credit one" since I do have COs. Last late payment was 4 years 10 months ago, so I'm wondering if with Cap1 if I wait until that 5 year mark passed for lates, if I'd possibly be looking better for a higher limit Savor. Savor is just a card where I can really benefit from the 3$ back categories, but with the 400$ limit I'm paying it off 3, sometimes 4 times a month. I could always just transfer or close down this 400$ Savor as well once I get the new one, or hold on to it and see if one day it would PC to a VentureOne.
*Edit: Not to mention a plethora of INQ on all 3Bs lol About 5 falling off of each by the end of the year, should put me down to around 2-4 on each one.
I'm 2yr 8 mo into my rebuild which started 4yrs after filing a BK7 (I was cash and debit for a good while before and after filing). For the vast majority of the rebuild (2yr 5mo ) I've had Capital One accounts. They can be significantly more generous on future cards, but it's individual profile dependent. I also wouldn't waste a triple pull on them if all you're seeing are the "for good credit" versions without a sub.
@GreyvyTrain wrote:I was wondering if anyone knew if closing a bucketed card, and then opening another once your credit profile has improved would improve which bucket you may be in? I got a QS1 as one of my first rebuild cards, and it is about a month away from the AF. I am pre-approved for a QS for good credit, and was wondering if that would would be out of the QS1 bucketed area and actually have some growth potential?
1. There have been numerous instances of cards eventually getting out of the bucket.
2. You are not in the bucket, your card is. If you apply for a new card when your credit profile is much better, you will be in a better bucket.
3. Bear in mind that if you apply for a Capital One card there will be a triple pull. So I would think twice about whether it's really worth it.
