Capital One Credit Card * Buckets * - Escape The Bucket Once Bucketed? - Platinum, Quicksilver etc.
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- Опубліковано 24 вер 2024
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Hey I got approved for a Capital One/Cabelas card back in April of this year with $6,000 credit limit with instore 9.5% / 15% Apr. But I recently got approved for a SavorOne card with only $1,000 credit limit & 24.99% Apr. Now that's crazy isn't?
@Louis Jr. lol, I got approved for a $34,000
Harley after I was declined a rooms to go card lol
@@cd4917 Do you mean you got approved for a $34,000 bank loan? If so that's strange.
@Louis Jr. yes, that's correct, I had the bike delivered to my doorstep
I couldn't believe it either, was stomach was cramping for 2 days after I signed off lol
The Capital One Bucket is REAL!!! I'm in it. Been in it 3 years now! It's dark and cold in here, I'm really scared!
Me too 🥺
😆 🤣 😂 😹
Lollllllllllllllllllll
😂😂😂 same 😥
😂😂😂 your not alone
I had a capital one platinum credit card for 16 years, with a 2k limit. I requested a limit increase and was only given a $200 increase. I have an income of over 130k,credit score of over 810,only one late payment in the 16 years w them and numerous other credit cards w limits of over 25k. I waited another year and requested another increase and was denied. I was pissed. I canceled my Capital one platinum card! Two weeks later, I applied for the Venture X card and was immediately approved and given a 30k limit! The bucket is real. I don’t understand their method to this madness🤔, but that’s my story.
They’re handing out $39k for the X like candy. But they will decrease first time they get spooked.
It’s just like working a job. They’ll give you those small raise increases but when you go to another job you’re jumping up 10,000 plus.
If this is happening to you then get a credit card from somewhere else. The only way Capital One will stop is if enough people leave.
I’ve been bucketed by capital one and I 100% agree with you. I have 2 quick silver cards with them. One card with a 1200 CL one with a 1300 CL with prefect payment history for 7 years and they will only gave me 100 CL increase. My credit score is in the low 700s so I applied for the chase sapphire preferred got approved with a 8700 CL and new card holder bonus…. So yeah I definitely agree with you.
If my 2nd Capital One QS 1 only gets another $100 limit (07/21) increase, then it'll be the second card I close from that bank by 02/21 when I request a limit increase at the 6 month mark from last July.
That's me, from 500 to 790 score and Cap1 say no to any increase so I just used them now for history. I'm not applying for another Cap1 and waste 3 hard pulls on one application. You don't have any options when you're starting with lower score but you're in command if you have a higher score and can shove it to Cap1
Just bucket them back by only putting a small amount on the credit card and just keep the account open for the credit history !!!
That’s what I do.
I would close it & wouldn’t give them Nothing
I did even better by closing both my accts with them.
Had a platinum and product changed to a Quicksilver. I just keep a reoccurring charge on it and use other cards primarily.
Thanks for the explanation and your insight! I got my capital one card six years ago, i’ve only had one credit limit increase from $300-$500 after the first six months. After that, I’ve been repeatedly denied for an increase even though I’ve been able to get cards from other major institutions like citi, Amex, WF, etc. with limits in excess of $15k-$20k. I have even responded to their surveys stating that I wouldn’t recommend their product simply because they don’t meet my needs. Every month I get something in the mail saying “because we value you as a customer, we’d like to offer you an auto loan“. No thank you. I’m not interested in borrowing 1500 bucks. I need much more with today’s car prices.
I’m all up in the damn bucket. And I’m sick of it!
I've had a Capital One for 17 years, no missed payments, 761 score, can't get a credit limit increase. Stuck at $8,350.
Same for me but only 5 years. My credit score is 753 🤷🏽♀️🤦🏽♀️
@@mandy10ca There is definitely a lot of truth to this video
You are on the money. I closed a Capital One Secured Card after 5 years! It would not let me out of it. I am sick of Capital One and this bucketing. Zero late payments. I have Quicksilver One card that I will close if I don't get a higher limit come February 2022. I started in the 510's to 520's back then. Now my CS are in the 720's. Update: 12/25/21, the secured card is officially closed and reports in good standing, Paid as Agreed, Loan closed. I fully expect my credit scores to increase now. The Secured Card will no longer hinder my getting bigger and better cards.
20+ years with Capital One, 825 score, and they don't know who I am. No product change allowed and a new application process with so many steps ( send them a video????) that I just quit. They get used once a year, otherwise, sock drawer. Both AmEx and Chase know me so they get the whole family's business.
I have a $10,500 limited on my capital on quick sliver and they wouldn’t increase my limit. So I zero it out and got Amex cards! 0% for 12 months. Once that’s up I’ll go for chase cards! Build your credit 👍🏾
After years of on time payments and a $1000 limit. Just got an email from Capital One this week and surprisingly got a $3k increase on my Quick Silver. I think they may have heard about how much business I’ve been giving Chase recently.
I was in the bucket. I had a secured card with a $600 limit. After several years of great payment history they finally upgraded my card to an unsecured Platinum. I applied for a credit limit increase twice and was denied both times so I closed the card and got a Quicksilver which they gave me a $3,000 limit on. It was my oldest card so closing it definitely hurt me a bit with the age of credit, but the massive credit limit increase helped balance out the dip a little bit.
May I ask how old the account was when you closed it, and how many points it drop by do you remember? Were you looking at a fico score or vantage?
this is a major flaw with Capital One. they are forcing people to leave them and take their business elsewhere over this instead of retaining loyal customers and rewarding them with card upgrades. there should be either a 1) graduation process where at the point they feel comfortable with you to upgrade your credit profile and card or 2) not offer bucket cards to people who can otherwise be approved for better cards. in hindsight, my mistake was in choosing the platinum card when other cards were available. i sincerely doubt that the rest of the cards were also bucket cards. at the time of application this was not made aware to me. i get a big F for not doing my research but CapOne you get a big F in business class and not being able to keep customers.
ty for the vid, this is an issue i'm currently concerned about.
Had my platinum card with cap one 10 years and in that time span it went from $200CL to a whopping $500CL. After multiple increase and product change denials I applied for Chase Freedom after 2 years and was approved for a $7200CL. The bucket is inescapable! Great content as always, thanks Adam!!!
worked on my platinum to quicksilver
Navy Federal CU in just a year went from secured $600 and graduated in 7 months to $2,000. It is now $5,000 and may double to quadruple in 6 months when I request another increase. I don't need Capital One. It needs me more. It's lost an excellent customer.
Spot on. Funny thing is, Capitol One will spam you on ways to use their cards at Walgreens, Macy's, and Apple. What are you supposed to do with $300. As PSA don't bother with the Walmart credit cards, is the same nonsense. I don't see their relationship lasting. I was placed not in the bucket, but in the bathtub, so I moved on to Amex and Synchrony. As someone suggested, once in awhile I just purchase gas or a pack of gum. It's a great starter, nothing more
I had good luck with them. They gave me card when no one would. It started out at 300. Then 6 months later it was raised 600. Year later they raised it to 2100.
Honestly that’s a very low credit limit. I’m not trying to talk down to you by any means. They did this to me as well. I’ve had Cap1 for over 5years. They barely raise the limits. I feel like closing the account. I got approved for chase sapphire for 5000. They increased it to 9500 in 6 months. I got the 100,000 pts bonus within 2 months. Just keep your balance at or around 9% before every close date. That’s my two cents. Good Luck.
Capital one was my 1st credit card, they recently denied me a new card. My score is almost 800.
It now lives in a box unused other than my monthly cellphone bill of $25!
They don't want to give me more and I now feel the same about them!
I’m rebuilding my credit after many years of not using credit and fairly new to Capital One and you are absolutely right. I have at least been able to upgrade my card but the “puny” limit is less desirable. We’ll see what happens as I get closer to the year mark. Trust, I’m already 👀 at other cards with much higher limits. You’ve helped me feel better now about looking at other options - it’s like a bad relationship, you don’t have to continue to tolerate being mistreated- move on and you’ll clear the path for someone that recognizes and appreciates your value.
I use my capital one cards to break into my house when I'm locked out...At least it s good for something...
Rna….
now that is super hilarious!!!!
Lol! I thought I was the only one who used my credit cards to unlock doors!!! 😂
Thank you! very good information.. I am stuck in Cap one Bucket for 2 years all payments on time in full 500.00 limit applied with a credit score of 528.. recently upgraded to Quick Silver no annual fee..still 500 limit now my Credit score is 679.. recently applied for Discover it card approved for 2,000 limit.. will manage responsibly.. Thanks for your videos has help me a lot
see, that makes me mad but I'm happy for you. I have a 737 fico, 2 years payment in full... still secured, no offers for other cards. they must have a glitch
Been with Capital one quicksilver card for more than 10 years now and still have the same $1000 credit limit.
I been with capital one for 3 years. I have both the silver and platinum. Both credit limits are 1500 each. When I started brand new my limit was $300.
In the bucket. Got a platinum secured card 5 years ago. No credit increase, no product change available, no nothing. Well I did get my deposit back. Have moved on to chase, but may circle back for that Venture X!!
Gave up on my first card with capital one. It started off secured with $300 limit. Upped to $500 limit after 2 years and was no longer secured. More than 2 years later I only bother having one cheap bill on it to keep it open as it’s my oldest card.
Now I have 9 other credit cards with higher limits and a 798 credit score. That card is basically dead to me.
I’m lucky my CapOne cards are no annual fees. I gave up with my $500 limit quicksilver and $300 Walmart. Don’t even use the QS, got the Citi Double Cash and the Amex Cash Magnet, both Citi and American Express WILL take care of their customers unlike CapOne.
Yes everything you said is true and right. Just apply for another credit card don't get rid of the bucket at card because you can use that as for your credit length history
I was pretty sure my quicksilver card was bucketed due to my credit history. My limit was $500 and because I wanted to use the points I was paying off the card 2-3 times a month and I've only had this card 5 months and I got an email a few days ago that they increased my limit. They also let me upgrade a platinum card to their Savorone card the same day... I'm really happy.
I was doing this with my platinum Mastercard. $300 cl. Used it like my debit card and run it up and pay it off every week. After 4-5 months it doubled to $600. I should’ve kept it going for a year but I ended up getting another card. My Navy Fed Visa has a huge CL plus I get 1.75% cash back. My Apple Card is $2k and I get cash back. My discover is $2,500 and I get cash back. This card has been sock drawered since like Aug/September 2022.
I totally agree and they did the same with I cancelled their cards and moved on to way higher credit limits, don't stay with capitalone move on you'll do way better than you expect
Once you are a good or great customer with Capital One, they treat you like a stepchild. Plain and simple.
I was told they couldn’t do anything with the secured card. And that I had too many accounts with them. I have 2 cards and a auto loan. So I closed that secured card and applied for the savor! I went from my $500 to $3000.
Capital One is very stingy when it comes to giving credit limit increases. I had a card for several years with an initial $10,000 limit and a credit score in the 800s, and I was denied a credit increase twice. The third time they (reluctantly) gave me a $1000 increase. Citibank, on the other hand, is very generous in giving out credit increases. If you're a good paying customer, they will give you an increase if you ask and it has been at least 6 months since your last increase. They won't even do a hard pull on your credit.
Capital one is very stingy with increasing limit
Agreed
Just learned about this “Bucket” listed, this is just another way the banks keeps the poor to stay poor. Thanks for the great content.
how does high credit limit prevent you from being poor?
I didn't even bother to ask I just closed my secured card ($500) and applied for quicksilver($3000) and was approved
This is exactly what I've been experiencing couldn't have said it better myself Great video great advice👍
I didn’t even know that this was a thing until this video! Wow. And I’m 29 with a 730+ credit score lol should have known better. For years I’ve been wondering why capital one has only given me one credit line increase and never made my quicksilver one available for a product change in 5 years. I really wish I didn’t choose them as a first card. It doesn’t bother me much but I could have access to more credit if I went elsewhere to start.
try to upgrade via the upgrade worker on my platinum card to quiclsilver, quicksilver one still stuck
I agree. Move on. Capital One doesn't care. Look at other credit cards.
Hint, hint, Never spend more than you can afford! Put the cards away, pay cash, don't care about your CS, never base your life on your score.. pay off every month and stay humble when you have a larger limit.
I’m in the bucket too. I’m going to pay them off and not use the card anymore
Once I got NFCU and Chase cc cards I told Cap1 to kick rocks. I don't ever want any of their cc cards again because this is a bad practice and rebuilding is bad enough for some. Treat them like a toxic ex gf and move on.
Capital One has been good to me. I have 5 cards with them and got my first one about 9 years ago. I've never asked for a raise on my credit limit on any card. They've always given me increases and at this moment my available credit line amount across those 5 cards is $30,800. I like them. I also have a discover it card with a $10,000 limit, but I only use that one for the quarterly 5% categories.
This is a good reason to move on after you have credit established
300 dollar quick silver yet I have a Amex Platinum capital one is a pain
Every other day I get a Capital One emails about being pre approved for a car loan or a checking account, but its never a "Congrats" email saying we've raised your limits smh. I have the platinum & QS, both at $500 for the past 3 years. I do have the walmart Rewards card (not mastercard) for 2 years now & i went from $300 to $1300
Me too, except $1000 qs and $500 walmart
Ok, now I think I understand the disdain for Cap1. Personally, I have had a good experience. I got a Savor One card with a CL of $10K right from the start. I haven't even tried for a CLI. But, now I get why people hate Cap1 for never bumping them up even after months or years of solid usage.
I think the Savor One is one of their better cards.
I was Bucketed my capital one. 4 years in and credit limit of $700. I just applied for another card and got a CL of 4,000.
I was definitely bucketed, but got unbucketed. Had the platinum for years. They finally gave me a quicksilver, watched your upgrade video and got upgraded on both. Platinum to quicksilverone and quicksilver to ventureone. Thx Adam!!!
I have excellent credit now and after12 years I just moved on. I just keep the old Capital One for the credit history. Also please start telling everyone that Capital One does a hard pull from all three credit bureaus this for me is the only bank that does this. So I will not apply for another Capital One.
I have two Capital Quicksilver cards and they will not allow me to change products. They did give me an increase. I'm planning to cancel the one the annual fee. I'm got approved for Amex Gold. I'm really trying to get a travel card.
Same here. I got the Quick Silver One Card in 2014 with $300 limit. They have only increased to $1,100 and refuse to increase any further. I have the Venture Card with limit of $10K so I don't understand their refusal on the QS. I'd cancel it but it's my oldest credit card.
I just called them today to upgrade my Quicksilver One with a $39 annual fee, to a Quicksilver without an annual fee. Was pretty happy about that because it has a $6k limit, and didn’t want to close the card and affect my utilization that much.
This is why I want be applying for venture X, despite my excellent credit score. Capital One has been very stingy with credit line increases. When over issuers give me way more. Don't want a venture X with measly credit line.
These days there shouldn't need to have a hard pull. It doesn't make sense.
I am a victim of Capital One Bucketing. My card is 15 years old and they have NEVER given me a credit limit increase!!! Despite having 730 credit scores across the board.
The only reason why I haven't closed the card is because of the long credit history associated with this card...
Try adding more installment loans on your report
dump it...
Did you ever cancel that 15 year old card?
was rebuilding my credit, had a secured card In (not upgradable) then got the platinum 500$ cl, 7 months later increased to 1K and upgraded to quicksilver. 2 months after that I got the US Bank Connect b/c Cap1 would not upgrade me past quicksilver and I know they elsewhere any time soon if at all. In hindsight, I should have gone the chase route due to 5/24 in place of the Connect, but you live and you learn. I did also acquire my first business CC through Cap1 when I got my connect card. So, it does suck to be in a bucketed system but Cap1 has served its purpose for me, it has allowed me to establish personal and business credit with a larger bank that has decent options. Using Cap1 as a stepping stone to then get to bigger and better banks. If I had not messed up my credit many years ago it would not have been an issue. But that's life, I am thankful for what Cap1 has helped me do, kinda sad they don't have good enough options for me to stay since other banks offer much better ecosystems and rewards (though the Savor is nice for sporting events and the new venture is interesting, let's see how that portal pricing does long term).
I totally agree with what was said in this video. I have had the platinum card for seventeen years with a limit of one thousand and the Quick Silver for six years with a credit line of four hundred,
I requested a credit line increase and was denied. I applied for two new cards with other banks and received credit lines of over eight thousand. So for this I think that you are on the money with what was said in this video.
Citi card but me bucket jail with the double cash and Costco card with a tiny crappy limits of $500 and $1200 when I had up to $20k with everyone else with nothing negative on my report!!! I canceled them!
I agree with you. I started out $500 and got $100 increase after 6 months. I am already looking for a different card.
Same thing here... I went ahead & paid them off & closed the account & card.I have other cards, I don't really need them anyway!
I agree I’ve been with capital for four years no late payments and no raises
Holy crap, I didn't know this was a thing but it makes complete sense. I started with capital one below 600. Over 2.5 ish years im at Just over 700 but never got anything other than the automatic raises after 6 months but they gave me new cards (Secure, to Walmart, to quicksilver to Savor) . Always denied limit increases though. I should probably just move on to Chase but part of me really wants to achieve the venture X lol
Move on…get an Amex Blue Cash Preferred or Chase Sapphire Preferred. Amex will likely give you a higher limit. If you or anyone in your family are military or a veteran, you should check out Navy Federal.
Capital one is weird. I have a Platinum for $500 and. Quicksilver for $600. Mind you I have a 651 credit score. Recently I applied for the Savor One card and got approved for $3000 lol
I'm glad they didn't raise my credit limit amount too soon. Now I have a 750 score and I have higher credit limit amounts. But it took a lot of budgeting and hard work on my part and having the lower limit was kind of an incentive for me, to help me drive up my score, and so I could be loaned more. It took me about a year and a half, and they all raised my limits automatically except one, the first one I got, BOA card. But the cash back perks on Capital one helped me pay of the balance on it and I find it to be a good card for extras and gas (that kind of thing). But I see your point, sometimes you just don't have the cash to cover a larger expense (these times are tough)
I have Capital One and they've increased my credit line twice already.
my first card is with capital one. only have 500. my second card was with them as well only 300. i just got approved with discover they gave me 2,000
Yes, capital one sucks. I've been with them for over 20 years. I've only gotten two credit line increases, only 2,900 limits. I'm never late, never max out my card, and always pay in full monthly. They denied me for the venture card recently. Last month ( july) got an American Express gold card, right before I applied for the venture. When they denied me, I waited 30 days and got an American express green card to complete my Amex trifecta eco system. I also already had discover, bank of America, two citi cards and chase saffire, etc. All of these credit cards have given me way higher ( 4k, 7k, 15k credit line. Oh, but not capital one. If it didn't hurt my credit score currently 776, I'd close my account with them and kick them to the curb. I'm still thinking about it anyway.
@@texasgirl6000Same story here. I’m better off with my Amex’s, Chase and DISC cards. I’ll never close the Cap One card as it’s so old and when it rolls off my CR, it will affect my age of accounts.
What was your credit situation for that discover card ... I'm thinking about applying for one .. I have like 4 cards now, all in good standing with no missed payments.. my score is 760.. do you know what bureau they pull from? Thanks😉
THREE YEARS i waited for capital one to upgrade my secured card, the whole time, they would not increase my limit...by year two, i went to amazon, swa, paypal and they all were like "SURE GUY, HERE'S A FEW THOUSAND". They eventually increased my limit and upgraded my card, but screw them. That card is the one i use for streaming services and thats it.
I feel like you ain’t increase your actual credit score with the bureaus enough, yk like tackle a lot more installment loans on the report
He's absolutely right... I used it just to show good payment history and get better cards.
Yup this is so true. Don’t like Capital One at all…
Same thing happened to me ... got other cards instead.... C1's loss
I fell into this bucket. I have a capitol one credit card with a 300 dollar credit limit. I called and the same thing happened. They couldn’t increase the limit on the existing cc and had to apply for a new one. I applied and was approved for 1k. Thanks for the advise. Very helpful.
Funny was being bucketed and didn’t even realize it. Or realize that was the term. My oldest card it a Capital one Platinum. It’s like 3 years old. I have others cards with way higher limits. Yet this Capital One card has a 500.00 limit. They offered me a limit increase before I think and I blew it off I think or something else happened. Can’t remember. But recently they offered me to convert it to a quicksilver card. So I went along and did it. Everything on the card stayed the same except for the benefits. But same credit line. I also have a Capital One savor card. 1,000. Limit. Asked for a credit limit once. They gave me a 100.00 that’s why I just basically didn’t use these Capital one cards. Now Capital One is offering me a limit increase on the Quicksilver card. I’m not going to take it because I’m sure it will be a low increase. And a waste of my time. I’m almost at 750 and haven’t got time for Capital ones games. It can just sit there.
Capital One was my first credit card, it currently has a $2500 credit limit. Got into some debt in my late twenties and I finally dug myself out, which means I stopped using my credits cards. I asked C1 for a raise in the limit last year and I was denied cuz I wasn’t using the card enough. 😑
I currently have around 820 credit score and recently applied for the C1 Venture and they approved me for $3k credit limit 😑….applied for the Sapphire Preferred and they approved me for $17k
Funny I ran across this video. For the life of me, I can't get Cap1 to increase my cards after 5 yrs. Bucketed at 500 and 600 on the other. Applied for Amex and got approved
I’ve been at $1,500 with capital one for 15 years…
@@klvAcosta wow...
I cleaned house each December. Banks will raise my credit card limit or I will close the credit card account.
Capital One screws every consumer regardless of credit, all 3 credit reports are hard pulled every time, even when Capital One does an auto loan. The inquiries keep you from getting better cards for a lousy bucket card.
I have been bucket by Capital One. I agree with you. And somebody had use my Capital One credit card 2 time.
Aw man, I just requested an increase and got a measly $250 increase. BUCKETED.
@E.T. you are lucky. Cap1 is so stingy with cls. Same low cl for the past 4 years with them.
Yes. I have been a customer for about twelve years. No increase on any of the three cards that I have. I closed one lady week. About to close the other two.
I think I shared that I was bucketed and had the card 6 years closed it anyway since it had an annual fee. Applied for Walmart MasterCard since I shop there a lot and was approved for 3k. Not a lot but that’s better than the 1k they stuck me with.
I was like "why don't you just ditch the company and go look at another bank?" And lol. That was the answer. I'm psychic.
I like Capital One! I started off with a secure credit card deposit of $200. After 8 months of having that card they had me apply for another card. The Quick Silver One card with a $300 credit limit. This past February they gave me a $100 increase to $400. I'm proud of myself because I learned the responsibility of taking care of my bills and credit. I wasn't taught about credit and money as a child. I messed up my credit when I was younger. So ,thank you Capital One!
After 8 months they give you a measly $100. Pathetic
@@moneymyers well I don't think it's pathetic every small step counts in my eyes!
@@joeyv19831 yeah I started with 300 5 years ago, didn't really care that it wasn't a high limit, I just payed phone bill with it then payed cash or debit for everything else sense I was already used to it.
I would get a capital one bank account, but they don't have a branch out my way and I don't like banking online for everything
@@rival989 you don't need to have branch you can go CVS drug stores load money for free and they have other arms for free! We only have one "Capital One Cafe" in Downtown Detroit. They have a very easy Banking app that is easy to use.
great video, bucketed here. Cap 1 customer for 20 years and have only gotten a $1k credit line increase with great credit. I'm only keeping the oldest card around to avoid losing my oldest account. I have the Amex platinum, Chase Reserve, and a few other decent cards, but cannot get a credit line increase from Cap 1 and to top it off, there's a membership fee of $5 per month. I really should get rid of it
Similar story. I thought it was only me. I make 160k/year with a 720 score, and I have had a Cap One for 10 years and can't get my limit above $1300. I have a 1 year old CSP with a 20K limit and thought how the heck did they give me that until I also got an AMEX Gold and a Chase INK with 60k the same year. I then realized it was Cap One all along and not me.
Same here t810 e805 exp 745. All my other cards 20,000 25,000. Butt capital one has me in quicksilver 500 bucks. Why i tried to apply for increase denied
I totally agree and I am dropping both cards with capital one as I'm typing this
That's exactly what I did, escaped the bucket🤣
Was one of them your oldest card? How old was the oldest card? How did your fico score change?
@@MER1CA_1st Was one of them your oldest card? How old was the oldest card? How did your fico score change?
@@angiec314 Was one of them your oldest card? How old was the oldest card? How did your fico score change?
I kept the one with no annual fees and it is my oldest had this card for 5 years they just gave me a limit increase just over $4300.. what waste it was good to start off but they keep you in a bucket if you don't keep the utilization high over 60%. I use it once every 5 months to buy a $2 soda and chips,... 5 years I had the card they suck I have 4 other cards at $30 thousand and up and a Amex Platium card with no limit so far.. Capitalone is not the card to start with go to Discover people you'll have a better chance of better beginner higher limits
I have been bucketed and I totally agree with your position, it’s a logical one!
My opinion if you’re in the “bucket”: Cut your losses and move on. Apply for other cards, establish a solid payment history, then give Cap One the boot. I’ve had several Cap One accounts over the years with a positive history, but I’m currently sitting on an account that I’ve had for over two years, with no missed payments and no over limit occurrences. Now, I am four years out of a BK, and I’ve maxed the card out several times (paid the balance in full), but I’m stuck at an $1,800 credit limit. They’ve also made less than $200 in interest in the two-plus years that I’ve had the card. I’m currently pre-approved for a Savor One card with no interest for 9 months, but a 28.99 APR thereafter, but I’m not interested. I currently have a total of 5 cards, but I’m going to narrow that down to three. One card to use for each pay period, and the third (which the longest that I have since filing BK) for monthly subscriptions and reoccurring charges only. See ya, Capital One!
I definitely agree with you there. I'm in the same situation applying for different credit cards that gives me more CL than my savor one
My quicksilver card has been $2500 since forever. Since then I got a Savor card - $5000 limit.. then I got a Venture card - $10k limit.. & that Quicksilver is still $2500. There’s no annual fee, but I think I’m gonna close it..
dont close it. that doesnt help in any way. just leave it like it is . there is no reason to do anything and if you close it, there is a slight dip in your credit. i have found that these little dip are nothing to worry about unless you are goinjg to need new credit soon. but why bother with closing it if there is not fee?
I have been buckled by Cap 1 Quicksilver. $1500 CL. I asked for an increase, raised to $1650.00 I Decided to apply for the Savor card, Approved for $10,000.00 but quicksilver still $1650.00 considering closing as, it's about a year old. Not sure what to do.
I have credit cards with Citi, Chase, Wells Fargo, FNBO, BOFA, Citizen, TD Bank, Barclays & Discover. All with high credit lines. Capital One is in my opinion the worst at giving CLA regardless of your payment history with them. Also they are one of the only bank I know that does a hard pull from all three credit bureaus when applying for a new credit card. The only reason I keep my two credit cards with them is due to the length of time I had them. But they are just sock drawer cards. I honestly tell everyone applying for new cards to go to other banks since Capital One is not worth it based on the hard pulls alone from all three bureaus. Maybe they really do not want to be in the consumer credit card business. It really looks that way.
Thank you! I'm in this crap too... went and started up with amex
Yup you said. 786 fico. 2 1/2 years, was still at 5 hun. Good Bye cap. 1.( long ago)
I got put into the c1 bucket and then was approved for an Amex platinum......... I'll just throw c1 in the sock drawer.
Started with the secured platinum with a $250 limit. It was increased to $500 after 6 months. 2 years later they have upgraded the card to unsecured but no increases since the 6 month bump. A year after getting the first card I applied for the Quicksilver and was approved for $1k. After 6 months it was bumped to $3500. I haven’t actually called and requested any increases but will be doing so for both cards real soon.
Wow from 1k to $3500? That’s amazing and I would definitely say you are quite lucky and it’s rare because I have not heard of MANY if ANY getting credit limit increases like this through capital one. I also heard that they like you to use their card a lot so if you’ve been doing that then that’s probably why you got such a nice increase. I have a $3300 limit currently but I don’t use them that much since I have other cards that I need to spread the love to! But congrats though!
Capital one is VERY stingy. I’ve been sitting at $7k for over two years now and they deny every request I make for an increase. My credit score is well over 800 and I use the card from time to time. They say I don’t use it enough but I think they are upset because I don’t carry a balance and always pay on time.
Its probably your income. Banks will move water and earth if your making a significant amount of money
@@TheLastSaint7 Thank you, I will update my income and try again in a few months.
@@TheLastSaint7 you're*
Hmm. They automatically upgraded my card rexently and increased my line by 2k. I didn't even ask.
I got a 300 credit limit secured card from capital one. I asked for more credit and they wouldn’t give it to me. I then got another secured credit card with a 1500 credit limit. Capital one immediately changed my credit limit to 2300. I essentially bought myself a higher credit limit. In about a year’s time I wound up with one 1500 unsecured credit card, one 2500 unsecured capital one card, and one 3000 quicksilver card. I may be bucketed but it’s working for me right now.
My quicksilver one is my oldest account. They have refused to upgrade me to any of the zero annual fee cards. I have 9 cards from 5 banks at the moment. I only keep the qs1 and pay the annual 39 bucks due to how much it still affects length of history avg. Only cap 1 card i have due to this. Venture x looks nice but their business is preventing me from pulling that trigger
Its probably your income. Banks will move water and earth if your making a significant amount of money
I had a horrible experience with them. I feel that they are a predatory lender. Plain and simple.