Capital One Platinum Secured Card - GRADUATED

[CreditRebuilder2020]

Posted a few weeks back about getting an AMEX Green Card approval after two years of gardening with some secured cards and a Credit One Card. 

My 8th statement just cut on my Capital One Secured Card, I had to give a $100 Deposit for a $200 Credit Limit initially. I have been using that card quite a bit and immediately paying it off, carried a balance of $35 twice. 

Low and behold, I simply check the App today just to see the statement and I see a $500 Credit Available and a $100 deposit refund pending to my account. No official email or anytthing for Capital One yet, I think it just happened. 

So in the past month for me, AMEX Green Approval after some steady gardening and now a nice credit limit increase.

Onward and upward as they say! 

[Adkins]

Congratulations! 

[Anonymous]

Congrats. That is awesome. 

[aircobra]

Congrats. My first one graduated fairly quickly. My second one hates me.

[Anonymous]

Congrats - I remember when I had my card they definitely grow with you just gotta remember to hit the button every 6 months or so!

[Anonymous]

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@AnonymousCongrats - I remember when I had my card they definitely grow with you just gotta remember to hit the button every 6 months or so!

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Can you describe in more detail the growth you speak of?

I know with unsecured cards, if Capital One starts you out with a "starter account" with say a $500 SL, the chances of it growing even if your profile improves immensely is very small.  Some people are able to take these cards to $1500-$2000 limits after a couple of years, but usually reach a plateau around there.

I'm curious if that's also the case with secured cards that eventually graduate.  I would think they'd follow the same sort of pattern, but perhaps you experienced something different?

[Anonymous]

Congratulations! Onward and upward indeed! Cheers!

[CreditRebuilder2020]

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@Anonymous wrote:
Congrats - I remember when I had my card they definitely grow with you just gotta remember to hit the button every 6 months or so!

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I'm glad you made this comment......I was wondering what I should be doing next? I will obviously ride the Platinum $500 unsecured for a while, considering it just got out secured mode. Do they increase the Platinum limits beyond $500? 

I use this card a lot because it's a MasterCard and in my neighborhood in the city I live in, none of my corner stores take AMEX, so if I'm swiping this card, after a while I'd like to get a little bit of a benefit with a QS1 or a QS. 

I was thinking about waiting another 6 months and then maybe pitching for an upgrade or a CL increase. I know the button is there in the app.