For your Cap1 question: I just read through the T&Cs for those 3 cards and it states that as far as limit of open cards, they count them as their 'prime' cards, meaning you may have up to 5. Another noteworthy fact, is that they even tell you that if approved for any of those 3 cards your SL will be $1,000. I've seen plenty of cards state that your line will be "At least this amount," but never one that says "We're gonna go ahead and give you a grand. No more, no less."
@silver_idle wrote:I do not know if this is the correct place to post this and do apologize in advance if I posted on the wrong board.
I noticed on capital one website that they have a "VentureOne Rewards for Good Credit", "SavorOne Rewards for Good Credit" and "QuickSilver Rewards for Good Credit." Are these considered subprime cards as well? I know with these cards you get a fixed APR and no intro rewards, but dont know if they consider these as subprime considering that QuickSilverOne is a subprime card.
Im asking because I have a 9 year old capital one secured card that is one of my first cards but it never graduated. I do pay the annual fee for it but this year I am thinking on closing it, although I am thinking about calling to see if they will waive the annual fee permanently, but because I have a QS1 and this card, I cannot apply for another subprime card unless I close one of them, but I do not know of those cards are also subprime. Cant do a prequalification because they only check to see if you are qualified for one of 3 cards now (QS1, Platinum, and Secured). Closing it wont be a problem either since it has a low CL so it wont affect my utilization.
In regards for citibank, I was recently approved for a bestbuy store card and made a purchase on it. It was reported on the 28th and I pay down the balance so the utilization of that card would be below 30% for next month but a couple of days later (specifically on the 30th) I got a notification from experian that the utilization for that card alone went down from ~55% to ~23%. Upon checking, it looked like citibank updated the balance. Is this something citibank do? I dont ever recall citibank or any bank in that matter updating the CR to have a updated balance midcycle and while Im not complaining, I also dont want to put a large purchase on it and they end up reporting it before the statement ends.
Venture, VentureOne, Quicksilver, SavorOne and Savor are Capital One's "prime" cards. If you consider anything from Capital One "prime" that is. For your specific needs/questions, yes, they are prime in that they are not the bucketed rebuilder cards.
I would really recommend moving on away from Capital One though. They serve their purpose but a long term bank...meh. Maybe I am bitter after my second CLD in 3 years but yeah. I hate them 
In regrds to your other question: some banks do update a payment right away before cycle date. I couldn't tell you which ones as I never paid much attention.
@cr101 wrote:I can only offer a few DP. I always PIF before the statement cuts and they've never reported early. However, I've also never gone over 30%. My guess is that this is occuring bc your acct is new or maybe they report for accts that are initially over 30%. Not sure. They have chat, so it's worth a shot to ask if they know anything about it.
Thank you for the response. I dont know to much about citibank and their reporting habits. They reported the statement balance then updated it again after I paid it down, which was after the statement. I might contact them and ask but really dont want them to change anything lol.
@Ficoproblems247 wrote:For your Cap1 question: I just read through the T&Cs for those 3 cards and it states that as far as limit of open cards, they count them as their 'prime' cards, meaning you may have up to 5. Another noteworthy fact, is that they even tell you that if approved for any of those 3 cards your SL will be $1,000. I've seen plenty of cards state that your line will be "At least this amount," but never one that says "We're gonna go ahead and give you a grand. No more, no less."
Yea. Many of their cards that are for building or rebuilding usually have something like "the minimum credit line you will receive is....". The others that have "for Good Credit" in the name give a CL in the agreement. Wouldnt that means those cards would be bucketed?
@cr101 wrote:By the way, OP, have you thought about asking for a product change from Platinum to QS or whatever's available? You can use this link. You may still want to call them if you have multiple cards bc I'm unsure if this link checks all of your cards https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade
Cannot do a product change for a secured card and or any co brand cards. The QS1 I do have will unlikely be eligible for any PC since they are known to be very strict with that type of card.
@BearsCubsOtters wrote:Venture, VentureOne, Quicksilver, SavorOne and Savor are Capital One's "prime" cards. If you consider anything from Capital One "prime" that is. For your specific needs/questions, yes, they are prime in that they are not the bucketed rebuilder cards.
I would really recommend moving on away from Capital One though. They serve their purpose but a long term bank...meh. Maybe I am bitter after my second CLD in 3 years but yeah. I hate them
In regrds to your other question: some banks do update a payment right away before cycle date. I couldn't tell you which ones as I never paid much attention.
I havent had any problems with capital one with my time using them. Although I could still be bitter on how they handle a problem I had nearly 8 years ago, I decided to let that go especially since they couldve just dropped me altogether and especially since I do have some remarks from verizon and discover from last year that I still dont agree with, I couldnt easily move away.
@Remedios wrote:Citi typically doesn't report off cycle.
In your case, they reported card was opened (they are quick to report). Since you already made a purchase that posted, balance was reported, too.
Second reporting is your *regular* statement report.
They only reported after the statement closed. The second reporting a couple of days after paying down the statement balance it shows the current balance, unless I am misreading your comment.
@Remedios wrote:As far as nine year old secured credit card with annual fee...close it. That's insane to hang onto it after all this time, even if it's your oldest.
I don't know what your credit looks like now, but you can do better than that.
It will contribute to average age of your accounts for up to 10 years, and the money you're paying for AF last nine years could have gotten you a decent secured card that graduates.
Yea it is insane but after going down hill over a few years ago, I held on to it as a means of rebuilding my credit without needing trying to apply for a new card. While my score is better now (since alot of things fell off my report), I held onto it in hope that they would probably graduate it though I found out late last year that they no longer graduate secured cards but only kept it while waiting on CapOne to provide CLI for the unsecured cards I had with them that I applied for last year. I may end up closing it this month as its no longer have its uses but just didnt know if the cards I listed in the OP were subprime cards or prime cards which is why I asked.
@cr101 wrote:
@Ficoproblems247 wrote:For your Cap1 question: I just read through the T&Cs for those 3 cards and it states that as far as limit of open cards, they count them as their 'prime' cards, meaning you may have up to 5. Another noteworthy fact, is that they even tell you that if approved for any of those 3 cards your SL will be $1,000. I've seen plenty of cards state that your line will be "At least this amount," but never one that says "We're gonna go ahead and give you a grand. No more, no less."
Where is that info at? I recall looking months ago and they stated what your minimum limit would be. I just checked again and $300 is listed as the minimum limit for at least one of the cards. I didn't see anything mentioning $1,000. Where is that located? Did you actually do a preapproval?
@cr101 It is located in the T&Cs for V1, QS, and S1 For Good Credit. Here is a screenshot from an excerpt from the V1, but the T&Cs are identical on all 3 cards. I did not do a preapproval in order to see these, they're located right in each card's respective description. Despite decent scores, they deny me on preapproval due to too many new accounts opened. It's ok, I certainly have no use for another Cap1 card. My QS is virtually SD'd, but my Savor gets quite a lot of swipes though.
