Well after waiting 13 months on a $200 secured Cap1 CC on perfect standing I received a limit increase of just $150. The customer rep was very nice and adviced me in calling them in 3-5 months to unsecure the card... next time I'll be more aggressive... I like to be like Pat...
I had my secured card with cap1 for 6 months when I got a $200 increase. I was over the limit twice they said and that was why it wasnt more. FYI: After you unsecure the card they make you wait 6 months for another increase.
So this is what I have to look forward to? Wow....my card should be coming soon. I find this information interesting...
Congrats on your increase, remember, it's a little bit at a time, once your card becomes unsecured you will notice larger increases, and You just never know with Capital One. Recently I called and asked to upgrade my gold card for a platinum, well they politely said no, LOL, but 30 days later I received the Platinum card upgrade in the mail. C1 is a good bank to do business with. Regards, Alex. Creditinsiders.com --------------------- Need Better Credit? Let Us Help! http://www.Creditinsiders.com
Also after your card is unsecured, do not call and ask for an increase right away as they said it would be denied, you have to wait six months. However, three months after being unsecured you should get an offer for an additional unsecured card with at least 1000 limit
Capital One is a good way to build credit with others, but Dave was right to assert that "capital one does not grow with you" (http://board.creditnet.com/read.php3?num=1&id=11390&loc=0&thread=11390) Also, I'd like to correct something I wrote here a week ago. I was misled by one of their reps to believe that my application for an unsecured card was approved, when in fact it wasn't. They did demonstrate good will by lowering the APR on my secured card to 12.9%, but after a while, and given my newly approved Amex, I've decided to pay off my Cap 1 card and cancel it. Saar
