Does Cap One Graduate?

[jayjayhawaii]

I have a Capital One secured card. Initial deposit $99 with $200 initial SL. Got a CLI after 5 mos to $500 and got an unsecured QS1 a couple months ago. I use them both a lot, PIF every month. Only red flag was accientally going over SL once and paying off the overage the next day. Disco just graduated my $2,400 card. Cap One approaching one year soon. Would be nice to see some luv and combining both. Any input?

[Anonymous]

Yes, they do. 

However, unlike some lenders who have a pattern of graduation (ex Discover graduates after 7 statements “ymmv”), Capital One doesn’t have one. 

Ive seen some grad at 1 year....and some grad well after a year.....and some not grad at all. 

Added note: just thinking that this is the only real pattern Discover displays. Lol There is definitely no pattern with their approvals or cli 😂. (Not complaining...they’ve been good to me.)

[Anonymous]

Capital one secured platinums graduate after the 11th statement. I got mine July 7, 2017 and it just graduated a few days ago.

After it graduates, wait until the 12th statement cut and then CLI before you upgrade it to a Quicksilver. Then combine the credit lines if you want one higher limit card.

It may be worth saying as well, it seems the secured cards won’t grow too much since they’re “bucketed” as a sub-prime card, so I’d combine the platinum’s increased credit line into the QS1 if it’s a higher limit.

And finally, try to upgrade that QS1 to a QS to avoid next year’s annual fee! The QS1 rarely gives you more in cash back than you pay for the annual fee.

Let us know how it all plays out

[jayjayhawaii]

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@Anonymous wrote:
Capital one secured platinums graduate after the 11th statement. I got mine July 7, 2017 and it just graduated a few days ago.

After it graduates, wait until the 12th statement cut and then CLI before you upgrade it to a Quicksilver. Then combine the credit lines if you want one higher limit card.

It may be worth saying as well, it seems the secured cards won’t grow too much since they’re “bucketed” as a sub-prime card, so I’d combine the platinum’s increased credit line into the QS1 if it’s a higher limit.

And finally, try to upgrade that QS1 to a QS to avoid next year’s annual fee! The QS1 rarely gives you more in cash back than you pay for the annual fee.

Let us know how it all plays out

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That's exciting! I'm going on the 10th statement now so I'll update this post in a month ish. My QS1 has only been open for one statement. It's one of those "make your first 5 payments on time and we'll CLI to 500" cards. Should still be possible to combo?