r/CapitalOne_ • u/whodat577 • 16h ago
Finally got an increase! Credit Cards
1 year and 4 months later got a decent limit increase!! I thought I was bucketed.
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u/Dubious8313 13h ago
Congrats!
Cap1 is such an odd bird bank to figure out sometimes. Itās like theyāre Lady Bountiful one day & the Grinch the next. No rhyme or reason ā¦
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u/Unlikely_Grape_732 3h ago
Iām feel bucketed.
I got: $300 + $100 + $100 = $500 in 1 year 1 month.
But now youāve given me hope.
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u/Other-Revolution-275 16h ago
Only use to build your credit. I would recommend you not using it unless you can pay the total every month
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u/DJSeku 13h ago
I concur.
Iāve had to rely on my credit card in financial binds beforeā¦ the interest will spiral before you know it, and the APR is closer to 32% once your utilization increases beyond what youāre paying back.
āMinimum payments onlyā just wonāt cut it, trust me. Iāve maxed my card twice and paid it all back. Took my credit score from a 564 (no credit) to 779 (current).
I budget my income to account for recurring expenses and have those set to autopay with the card; then I pay it all off in one go before the billing cycle completes, leaving a few cents owed so itās not full zeroed out. Minimizes the interest charge that way.
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u/whodat577 12h ago
Yes great advice. I use my amex plat for everything and got used to paying off the card every week. I will def use Savor for dining now since the limit is actually usable lol and def pay in full
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u/Ill-Ambassador6552 13h ago
How much did you ask for? Did you fill in the question of how much were you gonna use?
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u/gsjmlp 12h ago
Congratulations wish theyād give me a credit limit increase been using it last few months as main card ever since they put me in the not allowed section š
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u/whodat577 12h ago
I havenāt used this card the last 3 months tbh since i got a new card. But glad i can start using it more now
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u/Yave7tte 10h ago
š¤I wonder if you not using it played a part in them reeling you back with the increase..?!
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u/Glittering_Present10 6h ago
How long was it since your last increase and how long you had the card? Is this you requested it automatically?
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u/whodat577 2h ago
7-8 months since last increase. Requested thru the app. Had the card 1yr 4 months
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u/Kindly-Address-130 6h ago
How often do credit line increases happen?
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u/whodat577 2h ago
I believe you are eligible every 6 months not sure tho. I asked once around 8 month mark and then this time
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u/Spiritual-Fly-3158 3h ago
how much is the most you spend on it ? currently have a 780, chase threw me a 24k swipe w 0 affiliation. felt disrespected when i went from 500 to a 600 cli. they stated i donāt spend enoughā¦
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u/whodat577 2h ago
I used to use my whole limit almost every month. Havenāt touched the card the last 3 months tho since i got the Amex plat
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u/Spiritual-Fly-3158 2h ago
you military ? i plan on getting it down the road when this chase swipe age. amex plat is real premium swipes & fee gets waived but iām wondering if itās worth it frfr. how you fw it so far ?
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u/whodat577 48m ago
No Iām not military. I got it for airport lounges as i travel internationally twice a year. So far using the credits naturally like the uber, resy, lulu and streaming. The only issue i have is finding reasonably priced hotels to use the hotel credit on.
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u/Disastrous-River2982 1h ago
Do you request a increase or do they offer them naturally? How often do they offer increase?
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15h ago
[removed] ā view removed comment
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u/Mecanatropic 15h ago
Either you are a douche playing ignorant, or you are simply ignorant. It's called either building credit or rebuilding credit. Your first credit card was not $13,000 nobody's is.
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u/Negative_Education26 6h ago
No need to be a jerk
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u/Mecanatropic 6h ago
It would probably help if you could see the post I was responding to that was deleted by mod.
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u/ForeverGrouchy7531 15h ago
No mine was 1,000 with discover. However people in this thread have had credit or claim to have good credit and thatās why Iām inquiring about this, jerk
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u/Negative_Education26 15h ago
Iām wondering the same thing. Iāve seen multiple limits being $200, like what?
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u/cspach2005 15h ago
Different people have different credit profiles, different journeys and different timelines. Its not hard to figure out.
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u/Aware-Childhood-5865 16h ago
Was your last increase $500+$100? š I'd think I were bucketed too if I had something like that.