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Capital One Secured soon to max out on CLI

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jamevfan
Frequent Contributor

Capital One Secured soon to max out on CLI

My oldest Card will be a yr old in Feb 2017, I was told it will max on on CLI at 700...My starting limit (deposit was 200) I and currently at 500 so I wanted to find out what others are doing after this card has reached its potential?

Current Ficos as of 01/2017 Equifax 640, Transunion 690 Experian 690 Mortgage middle score of 677
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Anonymous
Not applicable

Re: Capital One Secured soon to max out on CLI

My Cap One Secured card will be 2 years old in February and it's been at $500 since September 2015.  The chances of getting more than one CLI on a secured card (the Credit Steps CLI) is pretty slim and really rare, as far as I know.

 

I'm going to be closing mine pretty soon, personally.  It's served its purpose and it won't ever graduate.  I only still have it now because I'm waiting until my QS1 hits a year so I can hopefully get a CLI on it first to replace the CL of the secured card for overall util purposes.

Message 2 of 4
rmduhon
Valued Contributor

Re: Capital One Secured soon to max out on CLI

I've never heard of a Capital One secured card getting more than 1 CLI and that is usually just 300.
Message 3 of 4
jamevfan
Frequent Contributor

Re: Capital One Secured soon to max out on CLI

For the secured card i was told by the rep there are only 2 increases for some and none or one for others. I started at 200 now im at 500 (6months) and was told that it will max out at 700 in a yr.

 

I also have a QS1 which I obtained about 3 months after my secured card with a starting limit of 500, increased to 800, then 1300 and now as of last week 2000. So that is moving right along. I will be cancelling my secured card after our home closes in Feb which will also be a yr on the secured card.

Current Ficos as of 01/2017 Equifax 640, Transunion 690 Experian 690 Mortgage middle score of 677
Message 4 of 4
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