Capital One Secured card CL

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
6 posts
tinkieb87
 
Posts: 1
Joined: Fri Jan 30, 2015 11:59 pm
Location: Michigan, USA

Capital One Secured card CL

Postby tinkieb87 » Sat Jan 31, 2015 12:02 am

I just received my capital one secured card in the mail and I have just a quick question about the CL. If i were to pay extra on my bill, would that extra money go toward my credit line or do I have to enter the same information as when I paid my deposit?
Thank you for your time :)


CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Sun Feb 01, 2015 11:07 am

tinkieb87 wrote:I just received my capital one secured card in the mail and I have just a quick question about the CL. If i were to pay extra on my bill, would that extra money go toward my credit line or do I have to enter the same information as when I paid my deposit?
Thank you for your time :)


Paying extra would only give you a credit balance. I have heard that in the past Capital One would allow extra deposits to increase the credit line; however, I have no idea how that works-you will probably need to call customer service.

ingramjuan
Centurion Member
Centurion Member
 
Posts: 266
Joined: Thu Nov 20, 2014 5:32 pm
Location: EARTH

Postby ingramjuan » Mon Feb 02, 2015 2:28 pm

Actually my very first card to build my credit was with capital one (secured card). I open the card with $400 and that was my credit limit, however I had a choice to send in extra money towards the credit line but I never did. After 6 months of good payment history they took up my credit limit $200.00 and after a year my card became unsecured.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

User avatar
lobbythis
Centurion Member
Centurion Member
 
Posts: 618
Joined: Sun Sep 07, 2014 8:53 pm
Location: usa

Postby lobbythis » Mon Feb 02, 2015 2:46 pm

ingramjuan wrote:Actually my very first card to build my credit was with capital one (secured card). I open the card with $400 and that was my credit limit, however I had a choice to send in extra money towards the credit line but I never did. After 6 months of good payment history they took up my credit limit $200.00 and after a year my card became unsecured.


They did a PC from unsecured to actual credit card without reapplying?

That's impressive if that is the case. Most lenders make you apply for a new CC and tag you with HP's.

ingramjuan
Centurion Member
Centurion Member
 
Posts: 266
Joined: Thu Nov 20, 2014 5:32 pm
Location: EARTH

Postby ingramjuan » Mon Feb 02, 2015 11:22 pm

Yep and that was over 15 years ago. However believe it or not once my card became unsecured they have never raised the limit. I have two other capital one cards that I got 5 years later and my CL is triple of my first card.

I have never asked for a CL increased after my card became unsecured.
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

Crashburn
Green Member
Green Member
 
Posts: 19
Joined: Fri Feb 20, 2015 11:13 am
Location: IL

Postby Crashburn » Fri Feb 20, 2015 11:18 am

tinkieb87 wrote:I just received my capital one secured card in the mail and I have just a quick question about the CL. If i were to pay extra on my bill, would that extra money go toward my credit line or do I have to enter the same information as when I paid my deposit?
Thank you for your time :)


In case you're still looking for an answer: I applied for the capital one secured card last week and had to call afterwards to double check that they were processing me under the right name (different story). I asked about the CL increase and they said I could increase it anytime by going to the same place I initially made my deposit at. They did not mention anything about having the option to overpay your bill. I think the deposit actually goes to a different account (that's how it is at BoA) so overpaying would go to the wrong one.
Hope this helps!



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests