Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Many factors affect your FICO Scores and the interest rates you may receive. Equifax Credit Report is a trademark of Equifax, Inc. Learn moreįICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Your lender or insurer may use a different FICO ® Score than the versions you receive from myFICO, or another type of credit score altogether. All rights reserved.Īll FICO ® Score products made available on include a FICO ® Score 8, and may include additional FICO ® Score versions. Congrats on the increase and hopefully leaving the bucket behind □Ĭopyright ©2001- Fair Isaac Corporation. TL DR - Capital One Quicksilver received a non-requested CLI. So to get a 4.33x CLI makes me think there may be hope for the card yet. Ive heard horror stories about people getting stuck in the bucket system, and never getting more than 10% CLIs. I thought this was never going to be a possiblity. That happens every 6 months like clock work. But this made me happier than seeing my AMEX 3x. Now, I know it's not a huge CL, and in fact it's my smallest CL (except for the old $300 Credit Union card) despite the increase. To my surprise there was a new number following the words "Credit Limit": $2,600. This brings us to now when I logged on to pay the cards balance from this months insurance premium. That way it saw use and I could completely neglect it in peace. I attached it to a monthly insurance bill for auto pay. Then three months ago I decided I was tired of having to remember to use it every few months for a minor purchase. It pretty much became a sock drawer card at that point. I eventually stopped caring about the card, and accepted I was stuck in CapOnes infamous bucket system - for that card at least. Since that initial CLI to $500 I have had ONE other request approved. Which is exactly what it did. This didn't hurt me, but it wasn't exactly beneficial either. I figured It would give me a better card without a hard pull. I had been doing my homework and had some momentum towards paying off debt, so I wanted a card that allowed me to start putting together some semblance of a rewards strategy. Honestly I think I was just excited to get into rewards cards. For some reason I can't really explain I decided to upgrade the card to CapitalOne's QS. Oh well goal accomplished.įast-forward to three years ago, I had finally cracked down on finance and was starting to really take some dents out of the credit card debt I'd compiled. But nevertheless I was committed to getting the CLI after the six months, so I made the payments and did eventually become the proud owner of a $500 CapitalOne platinum card with an available balance of two hundr. Maxed the card out by the end of the week. Once the card came in I was back to old form in no time. The answer to maxed out cards is surely to take on another." Looking back my true surprise is that they didn't make me go with the secured version. So when I was offered a card from someone other than CreditOne and Indigo I told myself "this will be a good opportunity to expand my portfolo. I made monthly payments, but both typically stayed maxed out. At that point I only had a Chase Freedom Unlimited with a 3,300 CL, and a $300 Visa from my Credit Union that I opened thinking it would help establish credit. $300 CL with a chance of increasing to $500 after 6 months of ontime payments. Capital One was offering me their Platinum Card. A TL DR at the bottom, but I've included the entire narrative for anyone who enjoys remarkably forgetable stories.įive years ago when I was neglecting the maxed out cards in my wallet, I received the letter countless others have.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |