Cap 1 secured credit limit increase!

[evsports7]

Hello all,

I have a capital one secured visa with a $200.00 limit on it. Ive had the card for about 6 months and I woke up yesterday and seen a 300 limit increase. I want to inform everyone that capital one is still doing credit limit increases on the secured cards, i was not enrolled in credit steps either.

My main question is, is this now converted over a an unsecured card now that i recieved a credit increase? or should i call capital one and ask?

Thanks guys

[Anonymous]

It's still a secured card. And this is most likely the only CLI you'll get on it.

[Anonymous]

You are very lucky. I called cap 1 recently to ask about an increase in my secur d card and was told they don't do increases

[seruby]

Congrats on the increase.  It's still a secured card.   They could increase it again in the future - when I was rebuilding, I got one and I got an increase from 200-300 in about 2 months, like you did.  Then maybe a year or so later, they increased it to $750.  No increase after that though.

[Anonymous]

Hey!! Congrats!!

[Anonymous]

Good job!!

[Anonymous]

Just got mine last week too !! It's been 6 months & I didn't use it that much since I ended up getting 2 unsecured cards.

It started at $200 w/ $99 down. Scores when I got it were in the mid 500 range. 

Scores as of today:

EX - 660

EQ - 641

TU - 639

[Anonymous]

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@Anonymous wrote:
You are very lucky. I called cap 1 recently to ask about an increase in my secur d card and was told they don't do increases

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They do not do increases on secured cards at the customers request. But they will often give one automatically at 6 months if conditions warrant.

[evsports7]

Thanks everyone for the feedback. 

Should i try to apply for an unsecured credit card through capital one? As i currrenlty do not have any unsecured cards. Ive had my cap one secured since FEB 16

[Anonymous]

I just closed my secured card that I got on Feb 14 or 15th cause it served it's purpose. I was lucky to improve my score and get an application in june before they made there 6 month in between app rule. That being said it's been over 6 months since u applied I personally would. The prequal never works for me but I am opted out.