I was viewing my capital one account online. I saw that my credit limit went from 2400 to 2700. I wanted to know how? so, i called cap one, and i was told that I recieved a 300 limit increase automaticlly
Too bad capitalone doesnt report limts.
Heres some History with me and cap one:
I opened a secured visa 300 limit 49.00 deposit and a secured mastercard 500 limit 99.00 deposit back in march 2001.
Ive gotten my limits raised 200.00 on both
I got my annual fees refunded on both cards.
I got my APR lowered 2% on both cards
Ive gotten my limits combined to the visa (now 1200)
I got my new limit of 1200 raised 1200 (now 2400)
got my card (visa) unsecured.
****ALL IN 2 MONTHS****
Ive asked for my security funds, 149.09 to be applied to my balance.
Im not using my card again, except for emergencies, unless cap one upgrades me to a gold.
FCNB is the best. Dogman and others recommended it. I checked it out but I was too far along with my credit restoration to need it - just like you. If you are helping a friend or something do a search on "FCNB".
I've never had an FCNB card but if you've followed my posts about Providian, you already know how highly I think of them. I don't know if you can apply for the sub-prime Providian branded card directly though, although you can apply for Aria/Get Smart.
I couldn't tell you if their other brands are as good as the direct branded cards. So far I have nothing but good things to say about them.
I have an FCNB card I got back in April 2000 when my credit was still pretty bad. It was an unsecured card with a c/l of $20. Since then I've received 2 increase of $50. Not much but I keep it in case of an emergency.
cap 1 bottom tier credit increase line (what most people get) is $50 line increase per month. 6 month cycle between increases. Of course you must never make a late payment or go over or nsf. But duh.
Thats reasonable, and better that most other secured cards. Once you have a good tradeline active for 6 months, you can get the aria product. It will come with heavy fees/interest but their product gives you 500-1000 increases every 120 days.