@simplynoir wrote:
@601fluguy wrote:
I see ppl referring to the fact that the terms and credit rating at the time of apping may prevent you from getting nice cli. But, when you pc using the link, is that the workaround or will you still be in the same "bucket"?
Not for me. My personal experience is my very first card many years ago was the CapOne Platinum. Even when I had PC'd the card to the QS a year or two after they released that card I couldn't get it to budge from the 2k limit it had despite the fact I was putting close to 2-3k a month on it with multiple payments on it to keep a $0 balance. Finally, what I had to do was re-app a new actual starting QS with my vastly improved credit profile and was able to pull their lowest APR with a 10k SL instant approval. That was a few years ago and now the card is sitting at $17k because that more than fits my needs and don't want to poke the bear. I use my other "QS" as a builder for my sisters that I gladly give them the card for because of the age of the card (13 yrs), payment history and it's a small enough limit that if they go crazy with it it would be something I can take care of easily anyways.
@Anonymous wrote:
@Justagirl73 wrote:
If you acquired your Cap1 during your rebuild, it kinda caps out and will not grow. I am 99% positive if your pre-qual for one of their top cards (venture, dining or QS) you will get a much nicer limit.
I know some have the QS that was upgraded from the platinum or QS1.....but that does not apply.
I have one of those (a QS that was upgraded from a Platinum last month). I'm expecting the Credit Steps increase within the next month, but once that comes in, what then? Apply for a new QS and combine the two cards, as some people have done/recommended? I can apply for another Cap1 card from August onwards, that being the six-month point.
If you go this route I would only recommend doing this if your credit profile has improved moderately from when you first got your other card. Hit the prequal page on the CapOne website and see what offers you get from there. If you get offers for their QS/Venture cards with solid APRs then I would bite the bullet. Of course if you're not totoally sure just make a post here and find out what others have to say.
Agreed. I'm in the garden for the next few months anyway, since I had a bit of a spree over the past six weeks culminating in my getting the Penfed Power Cash Rewards, so I need to let my scores recover from the new-account hit, pay down existing balances and start developing history and aging on the new cards. I think I should probably wait until at least October, or preferably November, before trying for another card. I don't have a TU FICO score for February (when I was approved for the unsecured Platinum that was PC'ed to Quicksilver) but it was 627 the next month, March, and is at 646 as of the end of June, though this will take a new-account ding so I need to give it some time to let it bounce back up. (EX and EQ are at least 20 points higher.)
