what do i do with a toy limit cap1 QS?

[BM3]

First card was plat from Cap 1, $500 limit. Converted it into quicksilver, got $250 bump to $750.

Since then I've opened 5 more cards, all within last year, with higher limits. This card is only 2-3 months older than others.  What do I do with this card? I'd rather get somethign else with higher limit from Cap, or I can relax and garden for awhile - but I just don't think this one grows, right?  Cheers

[Brian_Earl_Spilner]

It can grow, just really slowly. You would get faster growth from opening a card with a better score. But, to get a QS with better limits and growth, you would need very good credit.

[Medic981]

Most likely your QS1 is bucketed as a limited/fair credit card. I just closed my QS1 which had a SL of $300 and closed after 23 months at CL of $1,100. I closed this card because of the AF and that it would never be eligible for a PC to a non AF card. 

[Anonymous]

OP, your platinum is no doubt in a "starter bucket" and will remain there forever.  I would suggest just throwing the card in your SD and forgetting about it for a while.  Maybe take it out every 6 months for a swipe and at that time do a CLI request (every 6 months is their standard).  Maybe you'll get a few minor increases here and there, but I doubt the card would ever grow to > $2k or so.  What you could do however at some point down the line if you open another Capital One product is then transfer your limit from the starter card over to your new card and at that point close out the starter card.  That way you'll at least be able to grow your limit on the new/better card a little quicker when the time comes.

[SBR249]

Since you have a QS1 with AF, I'd sugest just canceling it instead of SDing it and keep paying the fee. 

The account will keep reporting on your CR for up to 10 years, you aren't going to miss the $750 CL for util purposes if you've got other higher limit cards, and the card itself isn't even that much older than your other cards. There's no reason to keep a card like that that doesn't do anything for you while charging you a fee. 

[HeavenOhio]

See if you can upgrade the card to a Quicksilver. If no offer is available, close the card due to the fee, not the limit.

[BM3]

Woops, I messed up. Its a QS not QS1, there is no AF. That's why I was wondering what to do, since it's not hurting anyone. Does upgraded QS from plat remain in same crap bucket, I guess?

The idea to take SL and add to other card is good.   

[xaximus]

Cards with low SL's (which are bucketed as others have mentioned) will rarely ever grow, and if they do, it's usually relatively minor bumps. I would suggest apping for a new card and combining the 2 accounts. Keep in mind, Cap1 does 3x pull.

[Anonymous]

What I did with mine was cancel it one SaturdayThe limit was $1150 and Sunday morning I applied for another capital one and got $10,000 go figure LOL

[Anonymous]

OP - here is my experience with Cap One. 7 years ago when I started my rebuild - they were the first bank to approve me for an unsecured card. The same card you started with, the Platinum and a $300 SL. But I was grateful and used it alot and always paid on time. About a year later they had upgraded me to the Quicksliver One and my CL went from $300 to $750 to $2250. 

I still have that card - it is now at CL $13,750 and about a week ago I finally upgraded it to the regular no AF Quicksilver card. It is my oldest card by far - second oldest is 4 years and then abunch of 1 to 2 year old accts. So it is valuable to me for AAoA. But even so - they were the first bank to give me a chance - and I will never close that account. I am loyal to them. But most of my current activity does go to other cards that are better fits for my lifestyle. 

In you case - up to you - If you continue to rebuild - I would keep it. A $39AF is not that big of a price to pay to rebuild credit. And if you are successful in rebuilding your credit - you may be able to upgrade it to the non AF QS. And even if you can't - I will when you call in to upgrade to the non AF QS - even if you dont qualify for that - you can ask nicely if they will waive the AF - I bet they will.......