if you have no bad credit information and spend a bunch and pay off your bill in full every month, that gives you the best chance to get a not $100 CLI from Cap1, but it's not a definite thing and it's not something I would rely on.
at 3 months after 3 statements, you'll probably be able to product change your Platinum into a Quicksilver and maybe even a Savor One, so keep an eye out for that: https://ficoforums.myfico.com/t5/Credit-Cards/Tutorial-to-check-for-Capital-One-PC-options/m-p/66457...
consider trying the Discover pre-qualify tool and see if they'll offer you the discover it, nfcu, chase, apple card, amex even, all good starting options
@MikeyMagic wrote:
@GZG wrote:if you have no bad credit information and spend a bunch and pay off your bill in full every month, that gives you the best chance to get a not $100 CLI from Cap1, but it's not a definite thing and it's not something I would rely on.
at 3 months after 3 statements, you'll probably be able to product change your Platinum into a Quicksilver and maybe even a Savor One, so keep an eye out for that: https://ficoforums.myfico.com/t5/Credit-Cards/Tutorial-to-check-for-Capital-One-PC-options/m-p/66457...
consider trying the Discover pre-qualify tool and see if they'll offer you the discover it, nfcu, chase, apple card, amex even, all good starting options
Wow thanks so much for the info!! I didn't mention but I am waitiing in the mail for my Discover It Secured Card with a $500 limit. I tried to get the unsecured but was approved for the Secured. I'm gonna try and spend close to the max on this card and pay off 98% of my balance 4 days before the statement comes out. Then pay the remaining balance in full and rinse and repeat. So hopefully after 7 months I'll graduate Discover and get an $1800-$2000 CL.
If I am bucketed though for that Cap One card, should I even product upgrade to QuickSilver or Savor because I read I'd still be bucketed even if I upgraded. What do you think?
the cap1 won't even be a completely unbucketed card that goes up to $30k or anything, but you have a reasonable chance for it to grow out of 3 digits provided you give it spend and time
that being said... in a years time, you will simply be able to apply for another cap1 card with a much higher limit if that's the route you want to go down, so I wouldn't be too concerned about it personally
But if it will grow, how long it will take to grow, how much it will grow by, nobody can know.
@MikeyMagic wrote:
@GZG wrote:
@MikeyMagic wrote:
@GZG wrote:Wow thanks so much for the info!! I didn't mention but I am waitiing in the mail for my Discover It Secured Card with a $500 limit. I tried to get the unsecured but was approved for the Secured. I'm gonna try and spend close to the max on this card and pay off 98% of my balance 4 days before the statement comes out. Then pay the remaining balance in full and rinse and repeat. So hopefully after 7 months I'll graduate Discover and get an $1800-$2000 CL.
If I am bucketed though for that Cap One card, should I even product upgrade to QuickSilver or Savor because I read I'd still be bucketed even if I upgraded. What do you think?
the cap1 won't even be a completely unbucketed card that goes up to $30k or anything, but you have a reasonable chance for it to grow out of 3 digits provided you give it spend and time
that being said... in a years time, you will simply be able to apply for another cap1 card with a much higher limit if that's the route you want to go down, so I wouldn't be too concerned about it personally
But if it will grow, how long it will take to grow, how much it will grow by, nobody can know.
So is it worth it honestly in your opinion to try and upgrade maybe in 6 months to a Savor with this original card or maybe try and do Quicksilver upgrade and then sometime after that apply for a Savor or a Venture? Is that your recommendation?
I'd like to eventually get a Chase card but I already have 4 hard pulls I think. So I don't intend to get anymore cards for at least a year, build and get my credit score hopefully to 700 or a little better and then apply for a Chase card and or a new Capital One or another card that might catch my eye. I don't need or really want 9 or 11 or 14 cards. But this year upcoming will be very important for me to really build and get my credit score in a solid/high range.
here's really where you get to decide, you have a goal to limit cards, so have a look around the market and see what the cards you want are
I still have at least another 5+ goal cards, but if you want to stay around 5 cards, you should decide how you want to do that
at 3 months, I would upgrade your platinium to either the quicksilver or the savor one, which ever one you get offered to upgrade to and whichever gives you the best rewards for your spend
you can start the chase path now by getting a chase checking account, establishing direct deposit and getting the freedom rise: https://creditcards.chase.com/cash-back-credit-cards/freedom/rise
or 12 months from now, if you want to do down the chase path:
apply for the freedom flex, then ~6 months after that, freedom unlimited and then perhaps you can get a chase sapphire preferred at some point as well
@MikeyMagic wrote:
@GZG wrote:
@MikeyMagic wrote:
@GZG wrote:
@MikeyMagic wrote:
@GZG wrote:I wasn't sure if I wanted to do my 5th pull right now with Chase if I open a checking account, have the Discover Secured($500), Amazon Secured($200)and Cap One Unsecured($300) and not be sure Chase would accept me. I've gone back and forth with that. Maybe I should wait 3 months and then open the Chase account and try for the Freedom Rise. Or obv wait a year and go for a little higher card.
What do you think? Thanks again so very much!!
you have three cards, which means you're 3 revolving accounts/24 months in Chase's eyes, they care about new revolving cards on your report, their 5/24 rule is for new accounts, not inquires
I'd open the checking now and use chase checking, there's a $900 offer currently: https://account.chase.com/consumer/banking/checkingandsavingsoffer
I'd probably wait a full year for the credit card, or wait for your account to populate with pre-approvals, let those cards all age to be at least a year old and then if you want to get into chase, apply for a freedom flex or unlimited
@MikeyMagic wrote:In short I have no credit history and haven't in years. When I look at all 3 bureaus it says I'm unscorable right now.
I got approved for a Capital One Unsecured Platinum Card with a small $300 limit. My card also starts with 5178.
I read some threads on here that if the card starts with 5178 it's almost 100% bucketed but here's my question:
I read(maybe I'm wrong) that if you have bad credit(subprime) you will never get out of the bucket with that card. BUT there was a member on here who said she had no credit like me, got approved for the Quicksilver One with a $300 limit, thought she was bucketed and then after 7 months she got a $2900 limit emailed to her from Cap One.
So since I don't have bad credit only limited/no credit history - do I have a chance to get a decent CL eventually like after 6-12 months or am I going to be getting $100, $200 increases for years like people seem to do if they are bucketed? Also is there a chance I am not bucketed since I had no credit history?
Thanks so much everyone
Michael
No one can answer that question for you. Only time will tell.
