@Klineact wrote:I had a crap one card I opened when I was rebuilding which started close to 7 years ago. The card started with a $500 platinum and eventually they gave me another $500 quicksilver which I combined with the original platinum so I have had a $1000 CL since 2016. Techinically since I had to close another card and move the credit line over they never gave me a real CLI on this card and I have tried over the years dozens of times. Denied every time... Tried heavy use and PIF tried revolving balance you name it. never late on that or any card in the past 7 years. I have 1 card with a less than 2K balance out of $126K in available credit my scores are all in the 700's these days. I determined the platinum card was bucketed. Last year they said I was preapproved for a walmart card and gave me another $300 CL card LOL I closed it last week. I told them look I have been a customer for several years now I have good credit and never got a CLI i will give cap one 30 days or I am closing the card. I dont need it I have several f figure limit cards.
Last night Crap One sends me an email congratulating me and telling me based on my great history with them I am eligible for a reward card upgrade with no application, no impact to my score, and I will keep same account number and history. I thought ok maybe they are finally doing the right thing by me. I had a choice of savor one or quicksilver I went with savor one and I even got to keep the same $1000 CL ! LOL I then did the upgrade which showed immediately on my app and I figured ok let me try now once more for a CLI ...much to my disbelief after 7 years it said congratulations!! I was in shock until I saw the CLI was $100 LOL Is that funny or what? Should I just close this card now or wait to try for another CLI later down the road? While I found it funny it is also pathetic in a way too. I feel like despite this small move to keep me as a customer, this new Savor card wont probably ever increase either. Thoughts on what to do with this card bc I was about to close it by the end of this month.
IMHO if you got a $100 CLI that means you can get more CLI's down the road.
@Anonymalous Your still in a bucket. I had 2 buckets. See below. All 3 afterwards below approved at 10,000 each after having the buckets for 2 yrs. I turned in 14,000 because I thought back then CL was passing my income. Forum thought I was nuts. I left the Venture as is. So 14000 was turned in. Theres a link here that explains the bucket cards. But I'm working.
I grew a $500 bucketed card to $6500. But it has been stuck there for years. CLI's tell me not enough spend and insufficient income. I keep capital one around because it is one of my two oldest cards (Chase + Cap one opened at same time). I occasionally ask for CLI, i get rejected. I use it every so often to keep it open. If they close it, they close it. For me it provides age, and having a lower CL compared to the much higher ones in my profile onwards to $80k has not stopped any success.
I just left Cap One be Cap One. I too once worried and was annoyed by it, but I have other friends now. Their choice to be stingy and conservative is what leads them to get minimal usage. I'm sure they see it from the other side too, my low usage means it isn't a relationship they want to reward. So we are at an impasse.
@Anonymalous wrote:
@FireMedic1 wrote:@Anonymalous Your still in a bucket. I had 2 buckets. See below. All 3 afterwards below approved at 10,000 each after having the buckets for 2 yrs. I turned in 14,000 because I thought back then CL was passing my income. Forum thought I was nuts. I left the Venture as is. So 14000 was turned in. Theres a link here that explains the bucket cards. But I'm working.
I assume this is the thread you're talking about:
I literally posted the link to it yesterday, in another thread. But bucketed cards do grow, which proves that bucketing isn't absolute.
Personally, I think there's different "tiers" of buckets.
I have nothing bad to say about Capital One. When I began my journey of rebuilding my credit, they approved me for the Quicksilver One with a SL of $300. I would max that limit out every week and pay it off as soon as things posted. Eventually after 6 months they did an auto CLI to $1,600 and currently that card has a CL of $4,100.
A year after I got the Quicksilver One, they approved me for the Savor One with a $3,000 SL. The Savor One is a great card with what you get back from dining, restaurants, car rentals, Uber one membership, and entertainment. I might have made a mistake though adding my son as an AU because man he can rack up some serious dining charges lol.
In the end, I will always forever be grateful to Capital One for giving me that chance. I might never use that Quicksilver One enough to justify that annual fee charge but I will gladly pay it as a token of my appreciation. They have opened many doors for me all from that one $300 SL.
