Disappointed

[icyhot]

I completed the credit steps on my Capital One platinum card and they really only took me from $500 to $750.....since I got the card I’ve ran at least $6000 in spend on it despite the low limit, I thought it would be rewarded like the last time I had credit steps (instead of $300 to $500 they gave me $1300). Maybe my BK is an issue? I burned them for about $30,000

[Rebuild2019]

Did you try the pre approval site. Maybe you can move up to one of the better cards. You probably have a bucket card. Won’t go much further. GL

[FireMedic1]

If your spending that much on the card. Least get it upgraded to a QS and get cash back:

https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade

Cap1 has gotten stingy compared to 2015-16. Use to be easier. But times have changed. Once a starter, always a starter. Good luckon the upgrade!

[icyhot]

I did get the QS1 about 2 months ago. I’ve already racked up $35 in rewards so you see I spend a lot. They increased me $100 :/

[Jannelo]

Well, this is disappointing to hear.  My Platinum only went up to $500 CL at the credit steps mark, but that was before I found out they like a lot of spend.  I've used it a lot more since then in the hopes that I would get a decent CLI at the year mark coming up after this month's payment posts.   

BUT I have a QuicksilverOne, on credit steps, with one more payment to go.  It had a SL of $1,000, now at $1,100 after a CLI at three months.  I have consistently put a lot of spend on it, usually over the CL, making multiple payments during the month.  This month so far I've put  around $1,450 on it.  I have been hoping to get more than the promised $500 CLI.  Reading your post now deflates my hopefulness in that regard.   I have a charged-off account with them I am paying down, now at $1,366, from the original $3,966.  But now I wonder if that is going to hold me back from a higher CLI, like you fear your burning them in BK did.  I will be happy enough with the $500 CLI, but really was hopeful it would be more.  Well, actually now a $400 CLI, since I've already received $100 of the $500 credit steps CLI.

[pinkandgrey]

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@Rebuild2019 wrote:
Did you try the pre approval site. Maybe you can move up to one of the better cards. You probably have a bucket card. Won’t go much further. GL

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This ^^^ sounds like a classic starter bucket from Cap One. If you insist on keeping the card, it probably won’t go up much for you. I would see if you can graduate to something better. Savor? Venture? Another company entirely? 

Good luck! 

[dragontears]

I mean this in the nicest way. You need to adjust your expectations, you are less than a year from your BK discharge and you burned cap1 for 30k. Be happy they are forgiving enough to give you cards again.

[Guyatthebeach]

To be honest, I never saw big CL's until about 2 and half years after my bankruptcy. At the 5 year mark, I started getting 10k limits without having to do recon's.

Just give yourself time. You will see some high CL's in a while.

Guyatthebeach

[AverageJoesCredit]

I think when we burn banks, whether it be $10 or $30k, we should be grateful for second chances and not worry so much over the limits given. We did not live up to our part of the bargain regardless of the reason and to boot, not every lender gives a second chance or makes you wait years. Im still blacklisted from my local bank after burning them and they make Amex and Chase bl look like they were Capitol One. Perspective

[Guyatthebeach]

AJC, 

I totally agree. I have made it back in with almost every creditor execpt Chase and Bank of America. I was shocked and surprised when I was able to get my highest CL with CapitalOne after I burned them for $5500.  

I'm absolutely thankful for what I've been able to do financially since my bankruptcy. I have save more money post bankruptcy while still making less.  I litereally only pay interest of 2 balances and PIF on everything else. 

I know if I can do it, so can everyone else

You're right, it's all about prospective!

Guyatthebeach