hi, I do have a capital one card, which is secured. I had to pay $100.00 to get the card. Whenever I ask for a limit increase they said I have to wait for 6 months and they usually give me 300 limit increase. How can I get a big increase. I am from MN. I also got a pre approved from Capital one this week. please help. thanks
How long have had the account? After a certain amount of time (1 year) you can unsecure your account. Cap 1 has a funny rule every 6 months you can get a CL increase or unsecure your account provided maintain your account in a satisfactory manner. A short cut might be to call Mr. Cooke and explain your situation. Once your account is unsecured, the CL increase might be a little easier. Cap 1 is known for tight CL increases but posters here have reported increases more than the usual 300.00. I myself received a 1k increase a few months ago. My total CL is 3k and the account started as a secured account in 1996. Best regards, Mirage
secured accounts usually follow the $50/month rule ie you'll get a $300 increase after 6 months of ownership. It takes time. The secured card is the slowest track @ cap 1. Maybe in 6-12 months you can get a gold or platinum crap 1 and start working that. After 2.5 years with cap 1 i went from secured $500 to unsecured $3000 with alot of Mr cooke intervention.
