I've never had a problem paying and getting my payment accredited back to my limit. But usually if I pay my balance off one day, it will be added back to my limit the next day. Today when I paid my balance, it immediately updated to my credit limit. Aside from that my $600 is still less than useless for big purchases and I missed out on over $50 of cashback because my limit was too low to pay for my $2100 in car repairs and other things.
With all that said, about how much should I spend of my $600 limit per month to get an increase every 6 months with them? It shouldn't be hard with a $600 limit.
Morning Beast, I don't know if I understand completely what you're doing, but if you have a $600 CL I don't think you need to keep charging it up and paying it off for them to give you higher credit limits. If you have other cards you use too do you want to have debt? With all this crap going on with the economy and pandemic, I'm barely using my cards and If I do I am paying em off soon as that bill comes. Just wait the 6 months and ask for an increase. Show some spend to show you're using the card is okay, but don't go crazy cause It's just useless spend in my opinion. Example...I have a Quicksilver with okay limit, I barely use it anymore. I might as well upgrade it to a Savor, but Cap1 is only offering Venture. I don't fly and have hotel card so it's a no. I can wait till the offer comes in because you can't call and get what you want. I tried...lol
I hate credit sometimes...Good luck on the increase and keep that money in your pocket!
It may very well be bucketed, in which case growth will be very minimal, if it grows at all. Unfortunately no matter how much or how little you spend, they'll give you a CLI if and when they feel like it. Nothing you can really do to help it. Lately they've been very stingy with CLIs.
Yes I know it's bucketed. If I could atleast get it up $100 every 6 months I will keep it open indefinitely just for the history. But if a 6 month period goes by that I don't get an increase it will be close immediately. I have no use for a card under $1000 CL.
It is my oldest card it's a year old and all of the rest are less than a year old. I will atleast wait until I get the Freedom Flex and Amazon Prime cards in December so I will maintain more than 3 open cards.
I don't like capital one. But I do want the Walmart MC to get the 5% back on grocery pickup. I'm a Walmart shopper and even though I hate capital one they are the only bank with a Walmart card right now with 5% back. I do not shop anywhere else for groceries because food lion and Piggly wiggly are both way too expensive to shop at for groceries. Even with a 5% card for those stores I would still come out on top getting my groceries from Walmart so I may as well get the Walmart MC until another bank make one.
@Beast26 wrote:I don't like capital one. But I do want the Walmart MC to get the 5% back on grocery pickup.
That card is on my wish list also. 5% at Walmart sure would be nice. I don't have any problems with Capital One yet. I'm grateful that they gave me another chance after I burned them in the past.
