💳 View Credit Card Offers Here: offers.calbartoncashback.com/cards 🕛 Limited Time - Get 6 FREE Stocks on WeBull (Deposit $.01 and get 6 stocks valued up to $12,600): offers.calbartoncashback.com/Webull
Great information. I started with a secured platinum card and was offered the quick silver card within a few months with a $500 credit limit. Three month later it was automatically increased to $800 then within 4 more months they automatically increase it to $3300. I am in the process of building my credit score and long term credit history and has been on a steady increase to 710 right now
The trick to any CLI is to max it out, then pay it off monthly. That indicates to the card holder that you need more money. I had each of the Quicksilver cards, started at $500 with one, $1000 with the other. I started maxing them out and paying off monthly and out of nowhere started getting big increases. Within a year and a half $500 card went to $3,800, $1k card went to $5,800. You have to know the credit (card) game to get what you want out of these banks.
Well C1 isn't favorable to me either but it doesn't matter because I have a 93,400 credit limit in all with a 2% credit utilization overall and the only reason I keep C1 card open is because they were my first card on my journey to greater heights and I am grateful for that
This is exactly what happened to me. I had a Captiol One Quicksilver card that I was using on the regular. I really liked their ap and how easy it was to maneuver in it and made payments, check account info, etc. But when it came time to request a CLI, I was only approved for a mere $150. I thought it was ridiculous considering how I was at 700+ on my score and have never missed any payments since opening the card. I decided to switch over to Chase, applied for the United Explorer and eventually the Chase Sapphire Preferred and got approved a hefty amount and not to mention my CLI was at $3k each a few months later. I never regretted the switch over and now my Quicksilver card is sitting in my wallet collecting dust.
if you dont use it they will close it and it will take a hit on your score. you can use your quicksilver for those monthly services like netflix, disney+ etc..
@@thelostone777 You definitely don't have to use it once a month to keep it open. Most cards would have to see inactivity for well over a year and closer to two before your card gets closed for inactivity.
@@j.a.3138 It really depends on your credit profile, just generally speaking it won't make a significant hit to your score unless the limit on that particular card was most of your total available credit. That or you have a mediocre score to begin with.
Same thing happened to me. My score is 780+ with no negative marks and only 2 inquiries on my report. My limit is less than 10% of my other cards and they still keep denying me for an increase.
When I initially received my card, the limit was $3000. I was never late, paid off the card each month. After some time, they lowered my limit to $1500. The reason they gave was they said I wasn't using enough of my limit....they supposedly adjusted it to my spending. I have a FICO score over 800, a good income and no revolving debt outside of a mortgage and car payment. I applied for a Marriott Bonvoy card to get discount on hotels.....they gave me $15k. Dunno what's going on with Capital One (whom I also have my car loan thru).
Same boat, car loan and all, tried to get my loan on vehicle amended to include hubby's name and got excuses why I couldn't do it...was great when I needed it now good scores don't seem to pay off anymore...
Yeah, Cap one sucks so bad. I’ve had a $3000 credit limit for 3 years now, requested a higher credit limit, and still got rejected basically stating I don’t spend enough on the card.. too bad this card makes up a lot of my credit history or I would of closed it.
@@brucebriggs836 why would you want to close a positive reporting tradeline? Unless there is an annual fee there’s no benefit to doing so unless your credit score is already perfect and if it is then surely you could benefit from credit cards that will command 3-5% cash back on purchases and larger sign on bonuses. Just curious.
A lot of people confuse credit utilization that hits the credit score vs monthly spend on a card. You can run the balance up to almost the limit every month (which is what they love to see) as long as you pay if off by the due date and a low balance on statement closing date. They want you to use a card as much as possible (responsibly) since they make a huge chunk of their money off the merchant fees every time you use the card.
@@Mr.305_ Just depends on your level of knowledge of the credit system and ability and discipline to pay things off every month. If you have the actual cash and income to run up the bill on the CC and it gets paid every month it's a good thing. Improves the credit score as you they increase your limits. If you get in over your head or just start spending money you don't really have it's a bad thing.
You would think. Capital One IS NOT like other credit card companies. Cut bait and get out now! SO MANY other companies out there that appreciate their customers. FUCK Capital One!
@@Mr.305_ I would not recommend running your credit balance up to its maximum, you will be penalized for being over extended. People who routinely max out their cards are classified as being overextended (in financial trouble, can't manage their finances, and a potential risk). Ideally, on a regular basis your credit utilization should not be more than 30% of your total balances (across all cards). Ex. if your credit limit across all cards totals to $3,000, you shouldn't spend more than $900 (30%). Every month the credit card companies report your credit utilization with their cards to the major credit bureaus and they report the % of total utilization per each card and your highest balance that you ever charged with them. You can never eliminate this highest balance from your credit report. So if you completely max out your cards (even once), this will always remain on your credit report. The only way to prevent the cc company from reporting instances when you maxed out your cards is to pay it off, or pay the card down significantly before they report your cards utilization for the month to the credit bureaus. They usually report your card to the credit bureaus 1-3 days after your bills due date. Ex. if your bill is due on the 10th of each month, by the 11th - 13th day they will report the current balance as of the 10th to the credit bureaus. So if there's a time when you had to max out your card (emergency only), make sure you pay the bill down or pay the balance completely before they report this to the credit bureau. You never want to appear overextended, this could hinder you from getting an auto loan or getting approved for a mortgage one day.
Thank you for this info! I have had Cap 1 for about 4 years, 2 regular cards (1k each starting) then got my business credit card. I was definitely in the lower bucket due to the increases. I just applied and was approved for the Savor card with a larger limit.
Insane. Had a capital one Walmart card for 4 years with a $500 limit and couldn't get a raise. Applied for a quicksilver card and just got approved for $5000! That is crazy!
I've got really good credit and because I don't spend a lot, I have not been able to get my limit above $1,750. Meanwhile with Chase, I have one with $12,000 and just now got the X1 with $23,000. I don't understand Capital Ones low limits, whether you spend that money or not.
FYI the hack FOR NO CREDIT/ BAD CREDIT ANY APPROVED CREDIT LIMIT OFFER USE TO (❤BUILD CREDIT HISTORY) YEAR + 2 MONTHS APPLY Pre-approval Unsecured Credit Card
I don't blame you for canceling their card and if it wasn't for Capital One no annual fee I would have canceled my cards with them to because my highest limit with another card is 14 ,200 and Capital One is 2000 and the lowest card being 750 after 7 years
@@lcmm1448 It wont hurt your score if you close the account with a 0 balance and the account is in good standing as in on time payments. I was under the impression that it would hurt your score but I got to the point where I just didn't care anymore. Just wanted out. Score didn't drop, and that was 3-4 months ago.
I have a Capitol One Platinum credit card and have been a loyal customer for 5 years. I have a $2000 credit limit and have called several times in the past 2 years demanding a credit increase. I have never missed a payment. They always bring up the old "well, it's based on your credit score" tired excuse. I am so tempted to close that account by the end of the year. I don't care if those Vikings ran a train on me, I don't want this card anymore!!
@@calbarton Can you do a segment on why some of the credit card 💳 companies lowered the available credit on consumer credit cards during the pandemic, then turned around and gave it back this year? It happened to me and it made my credit score drop. I continued automatic payments as scheduled, slowly the available credit was given back and my score shot up to 720 last month. Citi bank was one, Synchrony Bank as well. Chase didn't bother.
Cal, though this video is 6 months old when I watched it the video did expose some of the quirks of Capital One. At the time you recorded this I was a few months in on my first ever credit card Capital One Platinum. Just four months in I received an automatic limit increase of $1500. Recently they gave me an automatic product change to Quicksilver(same limit) basic Quicksilver rewards. This happened after I accidentally applied for the card(thought) I was applying for a Quicksilver $0 annual fee but it was Q One($39) annual fee which carried my initial low limit not the Platinum- Quicksilver increased limit. So I will continue paying my bill and see what happens. 1 year plus on the Q and 3 months on the Q One. Interesting how I am treated by Capital One. So far so good!
I've been in the low tier bucket for 7 years with Capital One. First a secured card, then unsecured, then Quicksilver cashback. It's my oldest card so I keep it open. I've only had one credit line increase of $200. My limit is $1950! 😆 I have multiple other cards with over 10k credit limit and total of 35k in credit so far. Score over 750. I got a quicksilver card (authorized user) for each one of my 4 older kids and they use it in an emergency, like needing gas or something. I rarely use it. I don't like their customer service and honestly wouln't use them if my card didn't have history. If the card is used I pay everything but $1 prior to the close date and they don't charge me for it....a little tip I learned to stick it to Capital One for keeping me in the bucket! 🤣
Same boat with Cap one. What is their prob? lol Everything is excellent in my credit record. I asked for an increase on my walmart card, no. Platinum card. NO. Yet without me asking, they increased my Cap one Venture card. Tons of other companies offering my cards with good credit limits. Cap one just sux, but are good to help get you back on your feet if you mess up, I guess. It's just frustrating. If you close the cards, it kills your score. Argh.
I'm pretty much in the exact same boat. I've had my quicksilver for about five years and my limit is a whopping $2300, lol. I have to fight the urge to cancel it all the time
This is true I had fair credit when I first had capital one, my credit has significantly improved and my highest limit on other cards is 10-20k the max I have for capital one is 3500 so I am in a low tier bucket and they will not increase it close to 10k like my other card I have a Barclays and Goldman Sacs card that’s why I rarely use my capital one card a few purchases will take me over 30%… I just lock it they are good for initial credit but long term it’s a no
I pay any credit card charge every month but for positive customer service, I vote for Discover. They even print their phone number large enough to read on the card, are available 24/7 and are unfailingly helpful.
I feel like I got lucky somehow. I had no credit and got approved for their pretty standard $300 platinum one, and they just started raising it. First to $500, then to $2500, then to $5000 and I wasnt even asking them to. Every card I applied for after that was all in similar ranges of like several thousand immediately. It sounds like some of the success stories a lot of viewers seem to experience, but i didnt follow any tricks or tips or have seen any of these videos. I'm curious as to what I did without realizing it
Not to mention NEVER lowering your interest rate. I don't even use my Quicksilver card anymore because the limit is relatively low and the interest rate is WAY too high.
Thanks for the video... This explains a lot about my credit increases with Captial One. I started out with $300 and worked up to $600... when I asked for an increase in my limit they denied it... then a few months later, gave me about a $1100 limit... I asked for $2000, they denied me... then a few months later, they gave me an increase to $4400. Using your tips here, I'm going to try the soft pull method with them... they've been sending me Quicksilver card mailers ever since their last increase. I might use that to gauge if I should go for a Chase Card yet... unless you have a video which covers chase.
Same thing happen to me.With my Cap 1 cards. Im not and credit expert at all. But I kept going on Credit Karma looking for the recommendations and they recommended me apply for a Chase card. After cap 1 gave me a few. increases. Chase 5000 approved. Good luck!! With time and patience we get what we want!!!
Yall need to have a credit card with a high limit already in order to have a high limit capital one card. I applied for one last week and I got a 10,000 limit to begin with.
I remember starting with capital one. One day I applied and got approved for 1500 as my first credit card at 18 year a couple month went to navy and got approved for 15k couple months later went to citi and got approved for like 8k then went to Home Depot and got approved for 5k at only age 18 /19 I was mind boggled. No one taught me anything about credit and was irresponsible with it and lost it all now I’m in the building back race I will be back tho!!!
Blessing is that you are aware of where you went wrong and can recover, it’s a slow and steady process but so worth it. Many blessings on your journey!!
Oh my goodness....i literally asked for an increase last night and they raised it $100 more. Been with them 4 years and never missed a payment. Great info. Thanks!
It doesn't really matter how much credit limit you have its far better to just have a really high paying job or income. Get low credit cards and pay them off, but never get where you cant pay off your credit card each month. I just got out of bankruptcy and I never, never, never want to go through that again. I had up to a 21000 credit card limit. Better to have no credit then lots lots and lots of debt.
I agree, I went through BK 20 years ago, I’m so good at saving money now & refuse to pay interest, I even paid off my house, it’s great to be debt free
Capital one was my first card 7 years ago and my score is 790 and their card is my lowest limit and I have 3 cards with them with my highest being 2000 and my lowest being 750 after 7 years and not to mention that Citizens Bank is my highest limit with 2 cards for 14,200 each and a third card for 9,900 and Citi Bank has been generous with me to with 4 cards with good limits Chase, Merrick Bank all have outdone Capital One with their credit limits.
@@myrontaylor1150 to each their own I guess good shit though bro… to me tbh it’s all about the interest rate for the first 18 months I run it up then I barely use the credit..I hate interest I’m just using it to build..and damn my Merrick card is only a 1000 limit do u gota call em? Or they do it automatically like capital 1
@@18aplateindoors i received my Merrick card like 4 years ago 1,250 is what they started me with and 6 months of on time payments and keeping the balance respectfully so that the issuer don't fear you running off with their money and not paying them back they doubled my credit line to 2,500
I got a capital one card in 2010, when I was a broke college student with only a debit card and probably an awful score. I think my limit was $750? Fastfoward a decade and they upgraded me to 8,800 credit limit. I’ve raised my score from low 500s and I’m tittering in the upper 600s. I had a huge balance on my card for the last few years due to an unexpected move (thanks, covid) but finally was able to pay almost all of it off. They immediately upgraded my card to Venture and I got a message from Mastercard that said my cap one is now a Mastercard World Elite (had to look that up). So I guess I’m saying: if I can do it, so can you! I had zero understanding of credit or interest as a 21 year old. And saving up to make large payments before your due date is very helpful! Now off to binge the rest of your videos!!
I got the Savor One for excellent credit with the intro bonuses like $200 back on $500 and 15 months 0 apr and got placed with a $1,000 limit. I don't know if the fair, good, and excellent criteria mean much. Only have had it for a month tho so we will see how it goes with CLI.
Cap1 gave me a card 12 years ago right out of bk with a $500 limit. They gave me a product change to venture 10 years ago m and increased my limit to $15k and lowered my interest rate. I had to go through their executive offices instead of customer service
In my experience with capital one, you have to use the cards alot to get increases. Maxing them out and paying off the balance over amd over is almost a guarantee to get a limit increase.
I'm going to try this technique. I had my approximately a card a year with a starting balance of $1000. I have been turned down 3 times after asking for a credit line increase. I spend over $2500 on my card every month. I pay off every balance as soon as it posts. I have a zero balance every statement even though my spending is at 250%. Actually I always end up with a credit because of my rewards. I guess they don't like doing business with responsible people .Help me understand.
This is explains so much. Been with capital one for almost 3 years and when I applied for an increase at 2 years and again few months ago. Both times got instantly denied. Perfect payment history as well
In 2020 I had 3 credit cards with Capital One. Platinum Card 8.5k, Quicksilver 10k and Savor 6k. I maxed them all out and filed chapter 7, discharge was Nov 2020. They had to write off nearly 25k. September of 2021 I applied for a Quicksilver card and got a 3k limit, it doubled to 6k at 6 months. In Dec. 2021 I was approved for a car loan up to 63k at 4.74% I am not sure why I got decent offers with a bankruptcy only 10 months prior.
@@rossco5409 It sounds that way but not the case. My daughter was born in 2020 and spent 6 months in the hospital and it drained everything we had. Bankruptcy was the only option at that point.
@@Yweile No I filed a chapter 7 so everything was wiped away. I think my credit is currently around 680. I had a 790 before bankruptcy, however I never missed a payment before I filed.
@@davidclay3737 wow dude some people are quick to judge without knowing the reasons. I hope that your daughter is doing great and kudos to you for salvaging your credit.
I'm in the bucket for sure! Got approved for $300(platinum) 6yrs ago, raised to $500 &it stayed there until just this past December where it spontaneously jumped to $1700. I had been requesting increases via app &phone &kept getting denied so I stopped using it. Idk how they didn't cancel me because it had been yrs. I found out i was offered to change my platinum to the quicksilver (not qs-one) thanks to one of your videos. Thanks for that small victory ✌🏾
Same happened to me. I had platinum, they never increased it, so I stopped using it. After about 8 months they increased it by a large amount, and changed it to quicksilver
Yup and it's frustrating. My wife has the secured quicksilver with the yearly fee. She called to ask if she can just switch to the better card they said no you have to apply for it and close the current one. Luckily she plans to get the Chase Freedom Flex soon so she can start working towards the chase trifecta
This explains so much! They did allow me to graduate from QS1 to QS Rewards card with no fee but I've been at $1600 with cap1 for 5 years, whereas Discover and Navy Federal have increased limits to $10,000 each with same rewards, no fee! I don't even use cap1 anymore but hesitant to cancel because it's my oldest card and concerned my scores may take a hit because of it. Thanks for the info!
I’m in the same situation. I’m just letting the card sit tight because it’s also my oldest card. I won’t choose anymore capital one credit products despite my credit score now being good, due to this bucketing. I’d choose other higher limit credit products over capital one any day.
This video is extremely helpful. It was the same situation with me and the Venture card. I restarted my credit journey after being abroad for so long that I had no credit history. After getting a student Discover card and building my history for a few months, I applied for the Venture, got denied, and then they offered me what looked like the same card but with a slightly higher APR. Twice I have applied for increases and gotten $100 each time. Discover on the other hand gave me a $1,500 increase after seven months. So this seems like a Visa thing.
My first card was the Capital One Platinum card with a $300 CL my first increase was by them to $800 after a year of using it. All on time payments and always closed my cycles with 10% of $300
I just started my credit, and got a quicksilver one with $500. But I have 6 years of credit from a capital one savor card that I am an authorized user on, which has always been paid on time and has a large limit. My friend got a quicksilver limit of $500 at first then after 6 months, they raised her limit to $3,000. Another person I know has a savor limit of about $5,000 and they just raised it by $1,000.
Thanks! I have a capital one and the limit has always been $500. I have excellent credit and other cards with limits as high as $15000 but cap one has never given me an increase. It’s been a few years. I just don’t use it anymore.
I see a lot of bashing on Capital One but I have two cards, a Quick Silver and a Spark Business Card. Both cards have credit limits of around $15k on them each. I get 1.5% back on all purchases, I pay no annual fee and since I pay my balance to zero on each statement I never pay interest. They have been extremely easy to work with when I have a lost or damaged card which has happened a few times. Any charges that I don't recognize or agree with they are prompt to respond. I like the ability to link all my accounts together, I have an auto loan with them as well. I also like the ability to get text alerts for payment dates, excess charges, etc. All in all a great company in my opinion.
This explains a lot. I got my 2 Cap 1 one cards when my credit was terrible. Now 8 years later every new card I get starts out with a $10-$15k limit. But my Cap 1 limits are $1600 and $2500. They turn me down for an increase every time I ask, but I can’t close them because they are my oldest accounts by far.
This video content is spot on. I got a secured card over 6 years ago that eventually became unsecured. Then 2 years later from getting that card I got the Quicksilver card. Now lets fast forward today, I am currently sitting with over 800 credit score with 3 bureaus with multiple credit cards over 10k and even one over 25k. But yet CP1 the secured card siting a whopping $700 and Quicksilver at $800. I may have had 1 increase from both cards in the last 3 years. Its insane to know that I am excellent bracket and not even recognized at all.
Great info saved me from by blood pressure from Going up and rainbow words coming out 😆. I got the quick silver one card 1yr from this June & only had 500 increase. I'm looking for more plus my score when up 30 & yes chase is picky
I have one Cap 1 that is years old and has nevah increased my limit. Bank of Amer. increased my limit $3K more (I didn't ask) then reneged on it and took it back. I called them and told them they're messing with my score and that I didn't appreciate it and don't increase it if you're going to be a jerk about it because I'm not using it. Now, my other Cap 1 has REALLY increased that limit as the years have gone by. Now I just make sure to use a noticeable amount to make sure no card will cancel me, then turn around and pay it off quickly if I really need to make a large purchase and to keep the interest very low!
I'm definately in one of their lower limit buckets. My first card was with Capital one and all my other cards have higher limits. Thanks for this information
Thank you for making this clear. My CapOneQuickSilver started off as a secured card. In one year it turned into a unsecured. I went from 500 - 2000 took 17 months. I’m in the credit rebuilding stage. Now I wonder do my card has a cap limit. These things you will not know especially if you’re building credit. In a card holders mind, you’re thinking ok, they gave me a credit increase 5 months ago. Not knowing that’s the last credit increase you will get because you have reached your ceiling. I appreciate you champ. You gained a like and sub.
That's crazy! My capital one card starting limit was 300 after 5 months it went to 1500. I'm convinced NO ONE KNOWS how credit card companies really work.
I found that if you get close to the limit and pay slightly more than the minimum,they will automatically increase it ,trying to get you further in debt and make them more money.
I have had 3 cards with capital one. The first 2 only got up to $500 each but after I ditched the one with an annual fee, I was then offered the SavorOne credit card with a $2000 limit. Its not much but it was the standard limit that I got with other cards at the time. A year later and my credit score average is now 700+ but Im pretty sure Im in another bucket now. Im probably going to apply for a better Capital One card in another year to see what they offer me. I will say that Im generally more interested in applying for cards from issuers that send me preapprovals instead of me applying out nowhere. I just don't like using up hard inquiries for cards that are less likely to approve me.
So, it’s been one year post discharge from a chapter 7 BK. I applied for a secured card with Cap 1 six months after my BK was discharged and to my surprise I was approved! I requested a credit limit increase and was denied, they told me they didn’t do credit increases on secured cards. One month later they increased my limit by $150🎉🎉 three months later I decided I’d try my luck and apply for a cap1 platinum card…I guess I got lucky again and I was approved for the platinum card with a $300 limit! I have other cards with larger limits, but I was very surprised they gave me a second chance after they were included in my BK. This video was very enlightening and much appreciated.
Great info I wondered why for so long why my limit was so low for so long I've had the card like 8 years and just don't card to deal with capital one for like the last 4. This makes sense though.
I started with a Captial One Card with a 2000.00 limit. It got bumped up to 3000.00, and then I got an upgrade to Quick Silver rewards. Then they upgraded my credit line to 4000.000.
Thank you! I got a Quick Silver card at one credit limit and then got a Venture card with a credit limit of double than my Quick Silver. I kept getting denied when I requested a credit limit increase for my Quick Silver so this makes so much sense!
So true...this exact same thing happened to me ...im about to drop capital one ...i always pay in full and pay twice in one month.. its not right...ive got amex and citi custom since then and capital still won't budge....this should be illegal
Wowww !!!! I thought I was the only one I applied for a cap one unsecured quicksilver and was approved for only 300 dollars this is 3 years ago still sitting at the same limit after great payment history never late never over cc limit so I was confused until now .. crazy thing I have another cc through another bank with higher limits dam shame
Bucketed here. Sterling credit ratings x 30 years, 45K credit with AMEX, CapOne won't give me the light of day. SO, I pay my monthly home security bill with them, $28, and nothing else. Dumping them would lower my ratings. And I don't need them. Hello AmEx and Costco Citi Visa.
Yes, I have a very high income, high credit score, no debt and spend alot on my card each month and pay the bill off. First they gave me $3500, then 2 years later $6000. Its the 5 year mark, requested $10000, only gave me $600.
When I first got with them my initial limit was $1500 ...... I've tried for forever to get a CLI.. nothing. Well, 3 months ago they upped it to 3000.... but heck during this time I applied for these amex rose gold and was approved instantly 🤷🏾♀️🤷🏾♀️🤦🏾♀️
This JUST a few days ago happened to me. I asked for an increase. Denied. Reason given, was my credit score was to low and debt to income ratio to high. I was like WHAT? My score is 708, excellent payment history and everything you mentioned. BUT the credit report they reviewed was from Dec. of LAST YR. It was CHRISTMAS and I put $600 on a O balance card for a new water heater. I put in on my Cap 1 Adventure Rewards card. 0% interest until Sept. of this yr. A month ago they GAVE ME a 2k increase. I didn't ask for that. I wanted my Walmart Card and Platinum credit limit increased. I mean my wm card is only $500, ARGH. SO I learned an important lesson I THINK. They check your credit report LAST quarter? If I'd have waited a few days until March, end of this quarter, than they would have seen my score rose a LOT and balance dramatically decreased. I always pay my cards 2 times a month. One to cut the balance down, and one to pay when payment is due, but I always pay double and triple the minimum and usually much more than that. I DONT GET CREDIT at all. One min. you are great. Next min. they say your score sux. I even qualified for a personal loan that would have paid all my card debt if I wanted to consolidate, but I don't. I don't have that much debt. PLUS we OWN, as in NO MORTGAGE, NO VEHICLE PAYMENTS. We don't have cable. Just electric and gas and auto ins. and a few small balanced cards. CREDIT IS WEIRD. They said NO, the exact same day CITI BANK offers me cards, and many others. WHY DID THEY CHECK WAY BACK IN DEC of LAST YR? Makes no sense. Now I can't ask for another six months. I think.
Keep your credit utilization below 10% and pay your bill in full before the due date to avoid interest. It works for me. I use my cards for everything but I pay my balance I full. Last year I charged over $12000 but only paid like $13 in interest fees. I refuse to o pay interest. I only use my cards to gain rewards since I gotta spend money anyway. I don’t use my bank card at all
Basically y telling me I’m not completely bucketed 😂 cuz I’ve had some big jumps in credit limit but no good bonus incentives, and even though my credit limit has doubled and tripled it still isn’t that high. We’ll get there, using the card a lot and paying it off
So THIS is why these jokers are being stingy with the increases! I knew there was something fishy. Great video; thank you so much for sharing this very helpful information.
I started my journey with CO back in 2013. It was my 1st credit card, an unsecured MasterCard with a $300 limit. Since then they have PC'd me to a MasterCard Quicksilver (I did not request this) and I have recently been up-tiered, yet again, to the World Elite MasterCard with a large limit. I never contacted them requesting increased limits or anything else. But I now have several different cards with other banks since then. So not sure if the bucket theory is really accurate as that was not my experience with them.
I started with a $500 limit 9 years ago on QuickSilverOne as my first card. Im at $12,250 now and had this limit for 4 years now. This was my only card for years so i used it and paid it off frequently. I didnt open a second card until 2 years ago. Last year i Product Changed to the regular QuickSilver with no annual fee
Yup the platinum card was my first card. It started at 500. They let me change it to a quick silver to get rewards and did credit steps to 2000 and then a requested 100 to 2100. And it's still stayed at that amount to this day. I still use it quite a bit. But yeah once you've improved capital one wants you apply for new cards and they will give you the higher limits but sheesh that triple hard pull.
Yup, they are bucketing my butt! lol I have 6 cards & all have perfect payment history & I've received increases on many of my cards w/o asking but Capital One, gave me a $400 credit line a year ago, then they just issued me another card for a $1000! So now I have 2 Capital One Accounts. I just barely use mine & I use them smart. Keeping my credit line below 10% of their limits or completely paid off. I started rebuilding my credit 2yrs ago & it's going up slowly
I have a $18,050 credit limit on my capital One card. It’s my only credit card, and I have had the card since about 2013. This card started with a $500 credit limit.
I’m in that bucket also. I had my card for over 20 years. I asked for an increase about 6 months ago and was denied. Asked for an increase 2 day ago and they gave me an increase of $300. Shortly after that I asked for an increase from Citi bank and they gave me a $5k increase.
Yeah it's night and day. that's why you level up with other credit card issuers and come back to capital one with excellent credit only if you want to.
I opened my capital one credit card when I was 18. They had given me a credit line of 2500 and it's been stuck there for over 15 years. I haven't used it since 2017 but they also haven't closed my card.
I first got a secured platinum card with a 200 dollar limit which automatically increased to a 500 dollar limit after 6 months. Been trying to get it unsecured with another limit increase for 2 years now with no succes. So once my credit got better (high 600's) i applied for a mid tier quicksilver card and got it at 1000 dollar limit. When my credit got to around the mid 700's, I applied for a limit increase and only got 100 dollars. But 100 dollars aint shit so I applied again but was denied over and over but then I miraculously got a 5000 dollar increase out the blue about 1 year and 5 months in. Im content with it my limit for my quicksilver now but my secured platinum card is still capped at 500. And im sitting at around a 730 credit score. Ive been having that card for 3 years now and dont want to close it because its my longest line of credit.
I currently have the Quick SIlver one with the annual fee which is annyoing but I recently got approved for the Savor One student version and got offered a tiny bonus of spending 100 to receive 50 back. I was pre approved for the Quick Silver no fee version but I didn't feel that was the card for me if I already have it.
💳 View Credit Card Offers Here: offers.calbartoncashback.com/cards
🕛 Limited Time - Get 6 FREE Stocks on WeBull (Deposit $.01 and get 6 stocks valued up to $12,600): offers.calbartoncashback.com/Webull
Wow!! This Sounds So Good To Be True!! How Can I Apply For A Card 💳.
I Had Went Onto This Website!! And Couldn't Get In?
Great information. I started with a secured platinum card and was offered the quick silver card within a few months with a $500 credit limit. Three month later it was automatically increased to $800 then within 4 more months they automatically increase it to $3300. I am in the process of building my credit score and long term credit history and has been on a steady increase to 710 right now
Thank you Shaneika! congrats on improving your credit and getting the increases
I just got the secured card. I hope I can get the same results as you! TY for the information!
Started on December. I now have 705 and I am 18 years old
@@Blinx777 nice,well done kid 😳
Wow from 800 to 3300 is not bad at all👍🏾
Rarely bother to comment or thumbs up, but the value of this content is through the roof. Good job
Thank you Marian, that means a lot. Happy you got some value.
The trick to any CLI is to max it out, then pay it off monthly. That indicates to the card holder that you need more money.
I had each of the Quicksilver cards, started at $500 with one, $1000 with the other. I started maxing them out and paying off monthly and out of nowhere started getting big increases. Within a year and a half $500 card went to $3,800, $1k card went to $5,800.
You have to know the credit (card) game to get what you want out of these banks.
yeah but your credit score takes a hit using more than 30% of your limit
@@robertswift6101 Not if you pay it off before the closing date.
Thank you for this. I have both card. I’m maxing them out starting this month
@@monica5455 i pay mine off every month,,credit score still dropped,,its now rising again with zeo balance,,,its now at 728 points
You need to time when you pay it off with before they report to the bureau so to the credit report you are at 0 all the time
Now it makes sense why some people love Capital One and others hate it depending on how they treat you from the jump
I agree and that's a really good way to sum it up.
Well C1 isn't favorable to me either but it doesn't matter because I have a 93,400 credit limit in all with a 2% credit utilization overall and the only reason I keep C1 card open is because they were my first card on my journey to greater heights and I am grateful for that
This is exactly what happened to me. I had a Captiol One Quicksilver card that I was using on the regular. I really liked their ap and how easy it was to maneuver in it and made payments, check account info, etc. But when it came time to request a CLI, I was only approved for a mere $150. I thought it was ridiculous considering how I was at 700+ on my score and have never missed any payments since opening the card. I decided to switch over to Chase, applied for the United Explorer and eventually the Chase Sapphire Preferred and got approved a hefty amount and not to mention my CLI was at $3k each a few months later. I never regretted the switch over and now my Quicksilver card is sitting in my wallet collecting dust.
if you dont use it they will close it and it will take a hit on your score. you can use your quicksilver for those monthly services like netflix, disney+ etc..
I use mine once a month on a stick of gum that is it
@@thelostone777 You definitely don't have to use it once a month to keep it open. Most cards would have to see inactivity for well over a year and closer to two before your card gets closed for inactivity.
@@j.a.3138 It really depends on your credit profile, just generally speaking it won't make a significant hit to your score unless the limit on that particular card was most of your total available credit. That or you have a mediocre score to begin with.
Same thing happened to me. My score is 780+ with no negative marks and only 2 inquiries on my report. My limit is less than 10% of my other cards and they still keep denying me for an increase.
When I initially received my card, the limit was $3000. I was never late, paid off the card each month. After some time, they lowered my limit to $1500. The reason they gave was they said I wasn't using enough of my limit....they supposedly adjusted it to my spending. I have a FICO score over 800, a good income and no revolving debt outside of a mortgage and car payment. I applied for a Marriott Bonvoy card to get discount on hotels.....they gave me $15k. Dunno what's going on with Capital One (whom I also have my car loan thru).
Same boat, car loan and all, tried to get my loan on vehicle amended to include hubby's name and got excuses why I couldn't do it...was great when I needed it now good scores don't seem to pay off anymore...
Just using the quicksilver card for the $200 cash back bonus after that I will pay it off and close it.
Sears and B of A did that to me.
Yeah, Cap one sucks so bad. I’ve had a $3000 credit limit for 3 years now, requested a higher credit limit, and still got rejected basically stating I don’t spend enough on the card.. too bad this card makes up a lot of my credit history or I would of closed it.
@@brucebriggs836 why would you want to close a positive reporting tradeline? Unless there is an annual fee there’s no benefit to doing so unless your credit score is already perfect and if it is then surely you could benefit from credit cards that will command 3-5% cash back on purchases and larger sign on bonuses. Just curious.
Very smart. One of best videos I've seen period. Not just on credit. On any subject.
You're very kind Bruce. I'm happy you liked it.
A lot of people confuse credit utilization that hits the credit score vs monthly spend on a card. You can run the balance up to almost the limit every month (which is what they love to see) as long as you pay if off by the due date and a low balance on statement closing date. They want you to use a card as much as possible (responsibly) since they make a huge chunk of their money off the merchant fees every time you use the card.
Is this a good thing or a bad thing?
@@Mr.305_ Just depends on your level of knowledge of the credit system and ability and discipline to pay things off every month. If you have the actual cash and income to run up the bill on the CC and it gets paid every month it's a good thing. Improves the credit score as you they increase your limits. If you get in over your head or just start spending money you don't really have it's a bad thing.
You would think. Capital One IS NOT like other credit card companies. Cut bait and get out now! SO MANY other companies out there that appreciate their customers. FUCK Capital One!
@@Mr.305_ It’s fine for you as long as you can pay it off. Sucks for the businesses though. That’s why some places only want cash.
@@Mr.305_ I would not recommend running your credit balance up to its maximum, you will be penalized for being over extended. People who routinely max out their cards are classified as being overextended (in financial trouble, can't manage their finances, and a potential risk). Ideally, on a regular basis your credit utilization should not be more than 30% of your total balances (across all cards). Ex. if your credit limit across all cards totals to $3,000, you shouldn't spend more than $900 (30%). Every month the credit card companies report your credit utilization with their cards to the major credit bureaus and they report the % of total utilization per each card and your highest balance that you ever charged with them. You can never eliminate this highest balance from your credit report. So if you completely max out your cards (even once), this will always remain on your credit report. The only way to prevent the cc company from reporting instances when you maxed out your cards is to pay it off, or pay the card down significantly before they report your cards utilization for the month to the credit bureaus. They usually report your card to the credit bureaus 1-3 days after your bills due date. Ex. if your bill is due on the 10th of each month, by the 11th - 13th day they will report the current balance as of the 10th to the credit bureaus. So if there's a time when you had to max out your card (emergency only), make sure you pay the bill down or pay the balance completely before they report this to the credit bureau. You never want to appear overextended, this could hinder you from getting an auto loan or getting approved for a mortgage one day.
Thank you for this info! I have had Cap 1 for about 4 years, 2 regular cards (1k each starting) then got my business credit card. I was definitely in the lower bucket due to the increases. I just applied and was approved for the Savor card with a larger limit.
You're very welcome. Congrats on the Savor card approval!
Insane. Had a capital one Walmart card for 4 years with a $500 limit and couldn't get a raise. Applied for a quicksilver card and just got approved for $5000! That is crazy!
That's Cap1 for you. Congrats on the new card and limit increase.
When I applied for the card I got a 3000 limit 6 months later they increased to 7000
I've got really good credit and because I don't spend a lot, I have not been able to get my limit above $1,750. Meanwhile with Chase, I have one with $12,000 and just now got the X1 with $23,000. I don't understand Capital Ones low limits, whether you spend that money or not.
FYI the hack FOR NO CREDIT/ BAD CREDIT ANY APPROVED CREDIT LIMIT OFFER USE TO (❤BUILD CREDIT HISTORY) YEAR + 2 MONTHS APPLY Pre-approval Unsecured Credit Card
They had me in a $300 limit bucket for almost 2 years, when I have other cards in the $10,000+ limit, I cancelled the card
I don't blame you for canceling their card and if it wasn't for Capital One no annual fee I would have canceled my cards with them to because my highest limit with another card is 14 ,200 and Capital One is 2000 and the lowest card being 750 after 7 years
I'm in the $300 bucket
Im in a 300$ Bucket, Thanks great info, im trying to rebuild my credit.
How did the cancelation affect your scores. I won't close mine because it's my oldest card and will have an impact my credit history.
@@lcmm1448 It wont hurt your score if you close the account with a 0 balance and the account is in good standing as in on time payments. I was under the impression that it would hurt your score but I got to the point where I just didn't care anymore. Just wanted out. Score didn't drop, and that was 3-4 months ago.
I have a Capitol One Platinum credit card and have been a loyal customer for 5 years. I have a $2000 credit limit and have called several times in the past 2 years demanding a credit increase. I have never missed a payment. They always bring up the old "well, it's based on your credit score" tired excuse. I am so tempted to close that account by the end of the year. I don't care if those Vikings ran a train on me, I don't want this card anymore!!
Thanks! I needed this information!!! 🙌🏾
Glad it was helpful!
@@calbarton Can you do a segment on why some of the credit card 💳 companies lowered the available credit on consumer credit cards during the pandemic, then turned around and gave it back this year? It happened to me and it made my credit score drop. I continued automatic payments as scheduled, slowly the available credit was given back and my score shot up to 720 last month. Citi bank was one, Synchrony Bank as well. Chase didn't bother.
Thanks for letting me know Felisha and I'll look into it.
.very very good detailed video..thank u for making great content
Cal, though this video is 6 months old when I watched it the video did expose some of the quirks of Capital One.
At the time you recorded this I was a few months in on my first ever credit card Capital One Platinum. Just four months in I received an automatic limit increase of $1500. Recently they gave me an automatic product change to Quicksilver(same limit) basic Quicksilver rewards. This happened after I accidentally applied for the card(thought) I was applying for a Quicksilver $0 annual fee but it was Q One($39) annual fee which carried my initial low limit not the Platinum- Quicksilver increased limit. So I will continue paying my bill and see what happens. 1 year plus on the Q and 3 months on the Q One. Interesting how I am treated by Capital One. So far so good!
I've been in the low tier bucket for 7 years with Capital One. First a secured card, then unsecured, then Quicksilver cashback. It's my oldest card so I keep it open. I've only had one credit line increase of $200. My limit is $1950! 😆 I have multiple other cards with over 10k credit limit and total of 35k in credit so far. Score over 750. I got a quicksilver card (authorized user) for each one of my 4 older kids and they use it in an emergency, like needing gas or something. I rarely use it. I don't like their customer service and honestly wouln't use them if my card didn't have history. If the card is used I pay everything but $1 prior to the close date and they don't charge me for it....a little tip I learned to stick it to Capital One for keeping me in the bucket! 🤣
Haha! I like that $1 tip. That's clever. Capital one has definitely rubbed a lot of people the wrong way, with how they do business.
Same boat with Cap one. What is their prob? lol Everything is excellent in my credit record. I asked for an increase on my walmart card, no. Platinum card. NO. Yet without me asking, they increased my Cap one Venture card. Tons of other companies offering my cards with good credit limits. Cap one just sux, but are good to help get you back on your feet if you mess up, I guess. It's just frustrating. If you close the cards, it kills your score. Argh.
I'm pretty much in the exact same boat. I've had my quicksilver for about five years and my limit is a whopping $2300, lol. I have to fight the urge to cancel it all the time
This is true I had fair credit when I first had capital one, my credit has significantly improved and my highest limit on other cards is 10-20k the max I have for capital one is 3500 so I am in a low tier bucket and they will not increase it close to 10k like my other card I have a Barclays and Goldman Sacs card that’s why I rarely use my capital one card a few purchases will take me over 30%… I just lock it they are good for initial credit but long term it’s a no
I pay any credit card charge every month but for positive customer service, I vote for Discover. They even print their phone number large enough to read on the card, are available 24/7 and are unfailingly helpful.
Capital One is a sock draw credit card company…I only use them for length of credit history and that’s it
I get it, and a lot of people feel the same way as you.
I feel like I got lucky somehow. I had no credit and got approved for their pretty standard $300 platinum one, and they just started raising it. First to $500, then to $2500, then to $5000 and I wasnt even asking them to. Every card I applied for after that was all in similar ranges of like several thousand immediately. It sounds like some of the success stories a lot of viewers seem to experience, but i didnt follow any tricks or tips or have seen any of these videos. I'm curious as to what I did without realizing it
I just want to say that I have gotten SOOO much value from your content! Thank you for what you do!💪🏾
Thank you so much! I definitely appreciate that.
Not to mention NEVER lowering your interest rate. I don't even use my Quicksilver card anymore because the limit is relatively low and the interest rate is WAY too high.
Same here. Card just collecting dust for me at this point. Lol.
Thanks for the video... This explains a lot about my credit increases with Captial One. I started out with $300 and worked up to $600... when I asked for an increase in my limit they denied it... then a few months later, gave me about a $1100 limit... I asked for $2000, they denied me... then a few months later, they gave me an increase to $4400. Using your tips here, I'm going to try the soft pull method with them... they've been sending me Quicksilver card mailers ever since their last increase. I might use that to gauge if I should go for a Chase Card yet... unless you have a video which covers chase.
Same thing happen to me.With my Cap 1 cards. Im not and credit expert at all. But I kept going on Credit Karma looking for the recommendations and they recommended me apply for a Chase card. After cap 1 gave me a few. increases. Chase 5000 approved. Good luck!! With time and patience we get what we want!!!
I never ask they just give it
Had the quicksilver card for a year, started at $3000 limit and after six months it went up to $5200.
Nice, congrats on the quick increase!
Yall need to have a credit card with a high limit already in order to have a high limit capital one card. I applied for one last week and I got a 10,000 limit to begin with.
Thankfully I've never had an issue with capital one. I've received several regular increases. I've never requested one myself.
I remember starting with capital one. One day I applied and got approved for 1500 as my first credit card at 18 year a couple month went to navy and got approved for 15k couple months later went to citi and got approved for like 8k then went to Home Depot and got approved for 5k at only age 18 /19 I was mind boggled. No one taught me anything about credit and was irresponsible with it and lost it all now I’m in the building back race I will be back tho!!!
Blessing is that you are aware of where you went wrong and can recover, it’s a slow and steady process but so worth it. Many blessings on your journey!!
Oh my goodness....i literally asked for an increase last night and they raised it $100 more. Been with them 4 years and never missed a payment. Great info. Thanks!
Happy you enjoyed Angela and welcome to the channel.
It doesn't really matter how much credit limit you have its far better to just have a really high paying job or income. Get low credit cards and pay them off, but never get where you cant pay off your credit card each month. I just got out of bankruptcy and I never, never, never want to go through that again. I had up to a 21000 credit card limit. Better to have no credit then lots lots and lots of debt.
I agree, I went through BK 20 years ago, I’m so good at saving money now & refuse to pay interest, I even paid off my house, it’s great to be debt free
I have had a six increase with capital one from 2k up to 10k in 3.5 years. They have been good to me.
Congrats! I appreciate you sharing that. C1 has made so many people angry with how stingy they can be for some of us.
Me to mine went from 1k to 2.5k now it’s at 5k with only 18months
Capital one was my first card 7 years ago and my score is 790 and their card is my lowest limit and I have 3 cards with them with my highest being 2000 and my lowest being 750 after 7 years and not to mention that Citizens Bank is my highest limit with 2 cards for 14,200 each and a third card for 9,900 and Citi Bank has been generous with me to with 4 cards with good limits Chase, Merrick Bank all have outdone Capital One with their credit limits.
@@myrontaylor1150 to each their own I guess good shit though bro… to me tbh it’s all about the interest rate for the first 18 months I run it up then I barely use the credit..I hate interest I’m just using it to build..and damn my Merrick card is only a 1000 limit do u gota call em? Or they do it automatically like capital 1
@@18aplateindoors i received my Merrick card like 4 years ago 1,250 is what they started me with and 6 months of on time payments and keeping the balance respectfully so that the issuer don't fear you running off with their money and not paying them back they doubled my credit line to 2,500
I got a capital one card in 2010, when I was a broke college student with only a debit card and probably an awful score. I think my limit was $750? Fastfoward a decade and they upgraded me to 8,800 credit limit. I’ve raised my score from low 500s and I’m tittering in the upper 600s. I had a huge balance on my card for the last few years due to an unexpected move (thanks, covid) but finally was able to pay almost all of it off. They immediately upgraded my card to Venture and I got a message from Mastercard that said my cap one is now a Mastercard World Elite (had to look that up).
So I guess I’m saying: if I can do it, so can you! I had zero understanding of credit or interest as a 21 year old. And saving up to make large payments before your due date is very helpful!
Now off to binge the rest of your videos!!
I got the Savor One for excellent credit with the intro bonuses like $200 back on $500 and 15 months 0 apr and got placed with a $1,000 limit. I don't know if the fair, good, and excellent criteria mean much. Only have had it for a month tho so we will see how it goes with CLI.
Cap1 gave me a card 12 years ago right out of bk with a $500 limit. They gave me a product change to venture 10 years ago m and increased my limit to $15k and lowered my interest rate. I had to go through their executive offices instead of customer service
In my experience with capital one, you have to use the cards alot to get increases. Maxing them out and paying off the balance over amd over is almost a guarantee to get a limit increase.
You're right Jerrel
Mine went from 1k to 3600 very quickly.
This is true, and its how I went from 500 to 12k limit over 7years. I never asked for an Increased.
I'm going to try this technique. I had my approximately a card a year with a starting balance of $1000. I have been turned down 3 times after asking for a credit line increase. I spend over $2500 on my card every month. I pay off every balance as soon as it posts. I have a zero balance every statement even though my spending is at 250%. Actually I always end up with a credit because of my rewards. I guess they don't like doing business with responsible people .Help me understand.
And my FICO score is 745. pretty sure the card is bucketed
This is explains so much. Been with capital one for almost 3 years and when I applied for an increase at 2 years and again few months ago. Both times got instantly denied. Perfect payment history as well
My secured quicksilver card it’s on its way, hopefully everything goes good
In 2020 I had 3 credit cards with Capital One. Platinum Card 8.5k, Quicksilver 10k and Savor 6k. I maxed them all out and filed chapter 7, discharge was Nov 2020. They had to write off nearly 25k. September of 2021 I applied for a Quicksilver card and got a 3k limit, it doubled to 6k at 6 months. In Dec. 2021 I was approved for a car loan up to 63k at 4.74% I am not sure why I got decent offers with a bankruptcy only 10 months prior.
lol wtf haha wt is your credit and do you have collections?
You sound pretty reckless
@@rossco5409 It sounds that way but not the case. My daughter was born in 2020 and spent 6 months in the hospital and it drained everything we had. Bankruptcy was the only option at that point.
@@Yweile No I filed a chapter 7 so everything was wiped away. I think my credit is currently around 680. I had a 790 before bankruptcy, however I never missed a payment before I filed.
@@davidclay3737 wow dude some people are quick to judge without knowing the reasons. I hope that your daughter is doing great and kudos to you for salvaging your credit.
I'm in the bucket for sure! Got approved for $300(platinum) 6yrs ago, raised to $500 &it stayed there until just this past December where it spontaneously jumped to $1700. I had been requesting increases via app &phone &kept getting denied so I stopped using it. Idk how they didn't cancel me because it had been yrs. I found out i was offered to change my platinum to the quicksilver (not qs-one) thanks to one of your videos. Thanks for that small victory ✌🏾
That's really good to hear, happy you got the upgrade! Congrats
Same here! Almost exactly same scenario!
Same happened to me. I had platinum, they never increased it, so I stopped using it. After about 8 months they increased it by a large amount, and changed it to quicksilver
Yup and it's frustrating. My wife has the secured quicksilver with the yearly fee. She called to ask if she can just switch to the better card they said no you have to apply for it and close the current one. Luckily she plans to get the Chase Freedom Flex soon so she can start working towards the chase trifecta
The Quicksilvers are my oldest credit cards so I pay a cheap monthly subscription (
Hey, at least you tried. Most people seem to give up completely and never look back.
yeah I agree chase is way better
This explains so much! They did allow me to graduate from QS1 to QS Rewards card with no fee but I've been at $1600 with cap1 for 5 years, whereas Discover and Navy Federal have increased limits to $10,000 each with same rewards, no fee! I don't even use cap1 anymore but hesitant to cancel because it's my oldest card and concerned my scores may take a hit because of it. Thanks for the info!
I’m in the same situation. I’m just letting the card sit tight because it’s also my oldest card. I won’t choose anymore capital one credit products despite my credit score now being good, due to this bucketing. I’d choose other higher limit credit products over capital one any day.
@katty hernadez, how did you do that?
Don’t cancel just put a Starbucks here and there
This video is extremely helpful. It was the same situation with me and the Venture card. I restarted my credit journey after being abroad for so long that I had no credit history. After getting a student Discover card and building my history for a few months, I applied for the Venture, got denied, and then they offered me what looked like the same card but with a slightly higher APR. Twice I have applied for increases and gotten $100 each time. Discover on the other hand gave me a $1,500 increase after seven months. So this seems like a Visa thing.
Great content. Thanks for explaining bucketing, now I know where I stand with C1.
Thank you! And you're welcome
My first card was the Capital One Platinum card with a $300 CL my first increase was by them to $800 after a year of using it. All on time payments and always closed my cycles with 10% of $300
I just started my credit, and got a quicksilver one with $500. But I have 6 years of credit from a capital one savor card that I am an authorized user on, which has always been paid on time and has a large limit.
My friend got a quicksilver limit of $500 at first then after 6 months, they raised her limit to $3,000. Another person I know has a savor limit of about $5,000 and they just raised it by $1,000.
You're the first to speak on it. Good job. For me ,I kind of after a year. I would rather close them.
Thank you Steven, i would do the same and close my account if it was bucketed.
Thanks! I have a capital one and the limit has always been $500. I have excellent credit and other cards with limits as high as $15000 but cap one has never given me an increase. It’s been a few years. I just don’t use it anymore.
You're welcome Jay!
I see a lot of bashing on Capital One but I have two cards, a Quick Silver and a Spark Business Card. Both cards have credit limits of around $15k on them each. I get 1.5% back on all purchases, I pay no annual fee and since I pay my balance to zero on each statement I never pay interest. They have been extremely easy to work with when I have a lost or damaged card which has happened a few times. Any charges that I don't recognize or agree with they are prompt to respond. I like the ability to link all my accounts together, I have an auto loan with them as well. I also like the ability to get text alerts for payment dates, excess charges, etc. All in all a great company in my opinion.
Solid information, straight to the point! Subbed.
Welcome to the channel!
This explains a lot. I got my 2 Cap 1 one cards when my credit was terrible. Now 8 years later every new card I get starts out with a $10-$15k limit. But my Cap 1 limits are $1600 and $2500. They turn me down for an increase every time I ask, but I can’t close them because they are my oldest accounts by far.
I have the quicksilver card for about 4 or 5 years now and started with 1k when I was about 21 or 22. They just gave me a 1k increase out of no where.
Solid info. Stay blessed!
This video content is spot on. I got a secured card over 6 years ago that eventually became unsecured. Then 2 years later from getting that card I got the Quicksilver card. Now lets fast forward today, I am currently sitting with over 800 credit score with 3 bureaus with multiple credit cards over 10k and even one over 25k. But yet CP1 the secured card siting a whopping $700 and Quicksilver at $800. I may have had 1 increase from both cards in the last 3 years. Its insane to know that I am excellent bracket and not even recognized at all.
Capital One's huge downside is they don't grow with you unfortunately.
They cut my limit in half and are reluctant to raise it. Thanks, very interesting information and well explained.
Thanks for this. I didn't understand why I was turned down for a credit increase despite having perfect payment history.
They bought Walmart synchrony bank cards and never raised my limit from $1760.00, I escaped and applied for the Savor and got $5,000
Thank you. This was helpful information. I don’t have any Capital One cards, but useful in conversation with others.
You're very welcome!
Great info saved me from by blood pressure from Going up and rainbow words coming out 😆. I got the quick silver one card 1yr from this June & only had 500 increase. I'm looking for more plus my score when up 30 & yes chase is picky
Thank you! Yeah Capital One has a tendency to frustrate people.
I just applied for this card and got approved for 10,000$ I’m so excited can’t wait to receive my card next week 🙏🏻
Mine went from $700 to $3750 in 6 months. They say thank you for making payments on time.
Congrats on the increase! thank you for sharing
I have one Cap 1 that is years old and has nevah increased my limit. Bank of Amer. increased my limit $3K more (I didn't ask) then reneged on it and took it back. I called them and told them they're messing with my score and that I didn't appreciate it and don't increase it if you're going to be a jerk about it because I'm not using it. Now, my other Cap 1 has REALLY increased that limit as the years have gone by. Now I just make sure to use a noticeable amount to make sure no card will cancel me, then turn around and pay it off quickly if I really need to make a large purchase and to keep the interest very low!
I'm definately in one of their lower limit buckets. My first card was with Capital one and all my other cards have higher limits. Thanks for this information
Thank you for making this clear. My CapOneQuickSilver started off as a secured card. In one year it turned into a unsecured. I went from 500 - 2000 took 17 months. I’m in the credit rebuilding stage. Now I wonder do my card has a cap limit. These things you will not know especially if you’re building credit. In a card holders mind, you’re thinking ok, they gave me a credit increase 5 months ago. Not knowing that’s the last credit increase you will get because you have reached your ceiling. I appreciate you champ. You gained a like and sub.
I have been with capital one for over 12 years never late never over 10% use of credit and I’m always being denied a credit increase not fair
Just approved for 3,000 thanks!
You're very welcome, congrats!
Yeah im definitely in a bucket. Thanks for the video man really helpful
That's crazy! My capital one card starting limit was 300 after 5 months it went to 1500. I'm convinced NO ONE KNOWS how credit card companies really work.
I found that if you get close to the limit and pay slightly more than the minimum,they will automatically increase it ,trying to get you further in debt and make them more money.
This video was made just for me. I'm bucketed. I have 750 + credit and they give me limited increase
Awesome! I'm happy you got some value from it.
My Quicksilver CC seems to be bucketed but I won’t complain. I have a car loan from them with a really good APR.
I have had 3 cards with capital one. The first 2 only got up to $500 each but after I ditched the one with an annual fee, I was then offered the SavorOne credit card with a $2000 limit. Its not much but it was the standard limit that I got with other cards at the time. A year later and my credit score average is now 700+ but Im pretty sure Im in another bucket now. Im probably going to apply for a better Capital One card in another year to see what they offer me. I will say that Im generally more interested in applying for cards from issuers that send me preapprovals instead of me applying out nowhere. I just don't like using up hard inquiries for cards that are less likely to approve me.
So, it’s been one year post discharge from a chapter 7 BK. I applied for a secured card with Cap 1 six months after my BK was discharged and to my surprise I was approved! I requested a credit limit increase and was denied, they told me they didn’t do credit increases on secured cards. One month later they increased my limit by $150🎉🎉 three months later I decided I’d try my luck and apply for a cap1 platinum card…I guess I got lucky again and I was approved for the platinum card with a $300 limit! I have other cards with larger limits, but I was very surprised they gave me a second chance after they were included in my BK. This video was very enlightening and much appreciated.
They gave you a card and your BK is still on your credit report?
@@charlesgoldston1429 yes, they sure did! I actually have 2🤷🏽♀️
Wow, that's a surprise. I did a BK 2 years ago but wanted to wait until I had it removed before I applied cause they were included in mine also
Great info I wondered why for so long why my limit was so low for so long I've had the card like 8 years and just don't card to deal with capital one for like the last 4. This makes sense though.
Thanks Elyssa! I'm glad you found some value in the video.
I started with a Captial One Card with a 2000.00 limit. It got bumped up to 3000.00, and then I got an upgrade to Quick Silver rewards. Then they upgraded my credit line to 4000.000.
Congrats on increasing your limit Mike!
@@calbarton LOL. Thank you!
I started with their platinum card and later got the quicksilver card. Recently I went from $500 limit to $1100 limit.
Great job Jim, Congrats!
Thank you! I got a Quick Silver card at one credit limit and then got a Venture card with a credit limit of double than my Quick Silver. I kept getting denied when I requested a credit limit increase for my Quick Silver so this makes so much sense!
So true...this exact same thing happened to me ...im about to drop capital one ...i always pay in full and pay twice in one month.. its not right...ive got amex and citi custom since then and capital still won't budge....this should be illegal
Wowww !!!! I thought I was the only one I applied for a cap one unsecured quicksilver and was approved for only 300 dollars this is 3 years ago still sitting at the same limit after great payment history never late never over cc limit so I was confused until now .. crazy thing I have another cc through another bank with higher limits dam shame
Bucketed here. Sterling credit ratings x 30 years, 45K credit with AMEX, CapOne won't give me the light of day. SO, I pay my monthly home security bill with them, $28, and nothing else. Dumping them would lower my ratings. And I don't need them. Hello AmEx and Costco Citi Visa.
I needed this video. I was wondering why my increases were so low.
Yes, I have a very high income, high credit score, no debt and spend alot on my card each month and pay the bill off. First they gave me $3500, then 2 years later $6000. Its the 5 year mark, requested $10000, only gave me $600.
When I first got with them my initial limit was $1500 ...... I've tried for forever to get a CLI.. nothing. Well, 3 months ago they upped it to 3000.... but heck during this time I applied for these amex rose gold and was approved instantly 🤷🏾♀️🤷🏾♀️🤦🏾♀️
This JUST a few days ago happened to me. I asked for an increase. Denied. Reason given, was my credit score was to low and debt to income ratio to high. I was like WHAT? My score is 708, excellent payment history and everything you mentioned. BUT the credit report they reviewed was from Dec. of LAST YR. It was CHRISTMAS and I put $600 on a O balance card for a new water heater. I put in on my Cap 1 Adventure Rewards card. 0% interest until Sept. of this yr. A month ago they GAVE ME a 2k increase. I didn't ask for that. I wanted my Walmart Card and Platinum credit limit increased. I mean my wm card is only $500, ARGH. SO I learned an important lesson I THINK. They check your credit report LAST quarter? If I'd have waited a few days until March, end of this quarter, than they would have seen my score rose a LOT and balance dramatically decreased. I always pay my cards 2 times a month. One to cut the balance down, and one to pay when payment is due, but I always pay double and triple the minimum and usually much more than that. I DONT GET CREDIT at all. One min. you are great. Next min. they say your score sux. I even qualified for a personal loan that would have paid all my card debt if I wanted to consolidate, but I don't. I don't have that much debt. PLUS we OWN, as in NO MORTGAGE, NO VEHICLE PAYMENTS. We don't have cable. Just electric and gas and auto ins. and a few small balanced cards. CREDIT IS WEIRD. They said NO, the exact same day CITI BANK offers me cards, and many others. WHY DID THEY CHECK WAY BACK IN DEC of LAST YR? Makes no sense. Now I can't ask for another six months. I think.
Keep your credit utilization below 10% and pay your bill in full before the due date to avoid interest. It works for me. I use my cards for everything but I pay my balance I full. Last year I charged over $12000 but only paid like $13 in interest fees. I refuse to o pay interest. I only use my cards to gain rewards since I gotta spend money anyway. I don’t use my bank card at all
Basically y telling me I’m not completely bucketed 😂 cuz I’ve had some big jumps in credit limit but no good bonus incentives, and even though my credit limit has doubled and tripled it still isn’t that high. We’ll get there, using the card a lot and paying it off
Ummm you can definitely request a credit line limit worked for me one thing they dont change is interest
So THIS is why these jokers are being stingy with the increases! I knew there was something fishy. Great video; thank you so much for sharing this very helpful information.
You're so welcome! I'm happy it helped.
Capitol One gave me two different cards with $500 limits on each. Smh. Watching your video let me know that I’m in a bucket. 🤷🏽♂️
I started my journey with CO back in 2013. It was my 1st credit card, an unsecured MasterCard with a $300 limit. Since then they have PC'd me to a MasterCard Quicksilver (I did not request this) and I have recently been up-tiered, yet again, to the World Elite MasterCard with a large limit. I never contacted them requesting increased limits or anything else. But I now have several different cards with other banks since then. So not sure if the bucket theory is really accurate as that was not my experience with them.
Great content first time watcher here
Thank you Joe! Welcome to the channel.
I started with a $500 limit 9 years ago on QuickSilverOne as my first card. Im at $12,250 now and had this limit for 4 years now. This was my only card for years so i used it and paid it off frequently. I didnt open a second card until 2 years ago. Last year i Product Changed to the regular QuickSilver with no annual fee
It's good to hear that. Happy you got the no annual fee version. I'm really big on having no fees.
U paid an annual fee for 8 years, damn
@@gkar13 Man they hustled me for sure. They Never offered to change it of course because it was free money for them lol
Yup the platinum card was my first card. It started at 500. They let me change it to a quick silver to get rewards and did credit steps to 2000 and then a requested 100 to 2100. And it's still stayed at that amount to this day. I still use it quite a bit. But yeah once you've improved capital one wants you apply for new cards and they will give you the higher limits but sheesh that triple hard pull.
Yup, they are bucketing my butt! lol
I have 6 cards & all have perfect payment history & I've received increases on many of my cards w/o asking but Capital One, gave me a $400 credit line a year ago, then they just issued me another card for a $1000! So now I have 2 Capital One Accounts.
I just barely use mine & I use them smart. Keeping my credit line below 10% of their limits or completely paid off. I started rebuilding my credit 2yrs ago & it's going up slowly
that's good to hear, best of luck on rebuilding your credit.
500 starting limit cap one platinum, auto upgraded to quicksilver with 4,250 CL after about 6 months
I have a $18,050 credit limit on my capital
One card. It’s my only credit card, and I have had the card since about 2013. This card started with a $500 credit limit.
I once had a Capital One card years ago when trying to establish credit. They will pretty much give a card to anyone.
I’m in that bucket also. I had my card for over 20 years. I asked for an increase about 6 months ago and was denied. Asked for an increase 2 day ago and they gave me an increase of $300. Shortly after that I asked for an increase from Citi bank and they gave me a $5k increase.
Yeah it's night and day. that's why you level up with other credit card issuers and come back to capital one with excellent credit only if you want to.
I also checked to see if I was eligible for other Capital One credit cards. I was eligible for 6 others .
I opened my capital one credit card when I was 18. They had given me a credit line of 2500 and it's been stuck there for over 15 years. I haven't used it since 2017 but they also haven't closed my card.
I first got a secured platinum card with a 200 dollar limit which automatically increased to a 500 dollar limit after 6 months. Been trying to get it unsecured with another limit increase for 2 years now with no succes.
So once my credit got better (high 600's) i applied for a mid tier quicksilver card and got it at 1000 dollar limit. When my credit got to around the mid 700's, I applied for a limit increase and only got 100 dollars.
But 100 dollars aint shit so I applied again but was denied over and over but then I miraculously got a 5000 dollar increase out the blue about 1 year and 5 months in.
Im content with it my limit for my quicksilver now but my secured platinum card is still capped at 500. And im sitting at around a 730 credit score. Ive been having that card for 3 years now and dont want to close it because its my longest line of credit.
😯 that makes sense! I wonder why even though I have 2 cap 1 cards they STILL send me offers for a new cap 1 card
Thank you ....I have 2 capital one cards. This was very informative and I really appreciate this video
You are so welcome!
I currently have the Quick SIlver one with the annual fee which is annyoing but I recently got approved for the Savor One student version and got offered a tiny bonus of spending 100 to receive 50 back. I was pre approved for the Quick Silver no fee version but I didn't feel that was the card for me if I already have it.
Thank you... Excellent Information Here ...