I have had a Capital One secured card for 3 years. No late payments. Never use it. Been stuck at 600 bucks the entire time. Decided to try and get it unsecure for the last 3 months been putting around 2k on it every month. Paying it off every time I hit 600. Just checked the account and they are returning my deposit. Hopefully they unsecure it and not close the account. What are my chances?
@FranknBeans wrote:I have had a Capital One secured card for 3 years. No late payments. Never use it. Been stuck at 600 bucks the entire time. Decided to try and get it unsecure for the last 3 months been putting around 2k on it every month. Paying it off every time I hit 600. Just checked the account and they are returning my deposit. Hopefully they unsecure it and not close the account. What are my chances?
if they're returning your deposit, they are either unsecuring your card or you asked to close the account (or they are closing it on you for something, which is doubtful if you've been PIF)
did you get an email?
No email. Deposit shows pending. Yes I have never had a late payment. PIF always. I have a Savior One at 5k limit for the last 9 months that I can't get a CLI. All I get in response to a CLI request is
" A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.
· A credit limit increase on your account is not currently available upon request"
It's my lowest limit card besides the secured one. My highest limit is 18k and that's PIF too.
@FranknBeans wrote:No email. Deposit shows pending. Yes I have never had a late payment. PIF always. I have a Savior One at 5k limit for the last 9 months that I can't get a CLI. All I get in response to a CLI request is
" A credit limit increase is currently not available upon request because Capital One is evaluating account activity at assigned credit limits.
· A credit limit increase on your account is not currently available upon request"
It's my lowest limit card besides the secured one. My highest limit is 18k and that's PIF too.
I take it that it's a Platinum?
Try seeing if you can now product change it into a Quicksilver "/productupgrade" to the end of the link for that account on desktop
The deposit shows pending on the account or with your bank? I've never seen it before, I wouldn't know.
In practical terms, now that it's unsecured, you can keep it open, or just close it. It seems like you have better cards, you don't really need this one open.
It is a Platinum. It shows secured on their site /app. Tried to product upgrade on the app and through the upgrade link and no upgrade is available for the card. It's my oldest card. Screwed myself by paying cash for everything for the last 15 years. Had no credit history anymore so I started rebuilding 3 years ago.
Back in 2020 when I closed my secured CapOne Platinum they sent me an E-Mail indicating it would be up to 90 days before I got my security deposit (of $849, the highest they allowed at the time). In the end I think I got the check in the mail about 60 days after I closed the account.
It appears to be unsecuring. I don't see any other reason for them to return your deposit unless of course they're closing it on you, but that doesn't appear to be the case here.
Just did another charge and it went through. Money has been deposited now it's in the positive for 200 bucks.
@OmarGB9 wrote:It appears to be unsecuring. I don't see any other reason for them to return
your deposit unless of course they're closing it on you, but that doesn't appear to be the case here.
@FranknBeans wrote:Just did another charge and it went through. Money has been deposited now it's in the positive for 200 bucks.
@OmarGB9 wrote:It appears to be unsecuring. I don't see any other reason for them to return
your deposit unless of course they're closing it on you, but that doesn't appear to be the case here.
Yup, sounds like it's unsecured now to me. Congrats!
It just unsecured today! Didn't think it was possible reading others post their experiences.