Capital one bucket questions

[Anonymous]

Is there a way to know if you are in a bucket for cap 1? Is it the starting limit? Card type? What let's you know or at least have an idea you are in one?

[Remedios]

Low limit at approval and inability to get increase.
Both cards in your signature appear to be in one

[Anonymous]

I just got the Quicksilver One. SL of $3,000. They have me on a track where if I make my first 5 payments on time I get an automatic $500 CLI. So far I put $20 on it and paid it off (plus AF). I’m not sure if I have to make a charge every month or if no payment needed will count towards the 5 months for the CLI.

[Anonymous]

---

@Anonymous wrote:
I just got the Quicksilver One. SL of $3,000. They have me on a track where if I make my first 5 payments on time I get an automatic $500 CLI. So far I put $20 on it and paid it off (plus AF). I’m not sure if I have to make a charge every month or if no payment needed will count towards the 5 months for the CLI.

---

I would put something on it every month and PIF right after statement closes. A 0 balance requires no payment and I'd bet that doesn't count. 5 consecutive payments gets you to the CLI the quickest. Plus it shows 5 payments on your CRs.

[Anonymous]

I think it comes down to usage and such.

I got a cap 1 “secured” platinum in 2015, got in a car accident and my scores tanked (see my siggy). I was never late on the cap 1.

I’ve gone from a secured $300 card with them to currently QS and a $9.5k CL. in fact earlier this year they popped a 3k auto cli on it.

They were maxed a good long time after the accident and when I sent them a 2.5k payment next statement they gave me the cli. In fact got an email today to PC it to venture or venture one.

I’ve never had an issue with them growing and offering me bigger and better. I have to laugh though their card finder still has me for “secured” (still have clean up to do) but their auto side offers me $50k regularly at 4% apy.

They’re an odd duck but I’ve never had an issue with them.

Also I call every six months and get an APY reduction just for asking. They’ve been good to me and as such they’re my EDS card.

[wasCB14]

Customers aren't bucketed, accounts are.

Usage doesn't change an account's bucket (a category, good or bad, noting the expected risk level of the debt) once the debt has been securitized and sold to investors.

[Anonymous]

So what's considered a low SL.
If I got a 3k card, is it most likely still in a bad bucket? What about 5k? Etc?

[Anonymous]

---

@wasCB14 wrote:
Customers aren't bucketed, accounts are.

Usage doesn't change an account's bucket (a category, good or bad, noting the expected risk level of the debt) once the debt has been securitized and sold to investors.

---

This isn't true. Capital One does shift customer buckets around with time. For example, their top tier bucket doesn't have any accounts under 5 years old in it. 

This is 2019 on their top tier Class A. Note that it says the average age of accounts in this tranche is 170 months and no accounts are under 60. Bottom of page 4, Table 2 

https://www.spratings.com/documents/20184/0/Capital+One+Multi-Asset+Execution+Trust+%28Class+A%28201...

The problem is that rebucketing takes time, a lot more than most are willing to spend when there are better cards out there. If I knew about this place when I started my rebuild, I wouldn't have just run with my Plat/QS from 2014 to 2016 as my only card and I would most likely not have the limit I do today. 

[Anonymous]

---

@Anonymous wrote:
So what's considered a low SL.
If I got a 3k card, is it most likely still in a bad bucket? What about 5k? Etc?

---

You're overthinking it honestly. Cards grow if you use them and don't grow if you don't. The lower the SL, the longer it will be for them to grow generally. $3K isn't a low SL but beware that Capital One wants to see you using a lot of your limit, at least 20% is about right, before they will think to give you a CLI.

[wasCB14]

---

@Anonymous wrote:

---

@wasCB14 wrote:
Customers aren't bucketed, accounts are.

Usage doesn't change an account's bucket (a category, good or bad, noting the expected risk level of the debt) once the debt has been securitized and sold to investors.

---

This isn't true. Capital One does shift customer buckets around with time. For example, their top tier bucket doesn't have any accounts under 5 years old in it. 

This is 2019 on their top tier Class A. Note that it says the average age of accounts in this tranche is 170 months and no accounts are under 60. Bottom of page 4, Table 2 

https://www.spratings.com/documents/20184/0/Capital+One+Multi-Asset+Execution+Trust+%28Class+A%282019-1%29%29.pdf/55f5111d-2b54-29a9-4728-f55d5f7668b3

The problem is that rebucketing takes time, a lot more than most are willing to spend when there are better cards out there. If I knew about this place when I started my rebuild, I wouldn't have just run with my Plat/QS from 2014 to 2016 as my only card and I would most likely not have the limit I do today. 

---

I know I misunderstand some things about the process, but I don't really follow your logic, either.

I didn't say the bucket (whether it applies to a customer, an account, or a receivable) was fixed at the time the card application was approved and the account created. I said it didn't change once the debt was securitized and sold to investors.

Showing me a snapshot of what a bucket looks like at the time of securitization is not proof of anything (a customer, an account, a receivable) "jumping" from one bucket to another after securitization.