frank92555

I am a little late responding to this but I will cast my comment anyway for anyone else and since no one else spoke up. I was hit hard in the last recession and I have two homes that went forbearance and were modified and are notated on my credit reports. Credit was trashed. I don't know if it is because my loans were already 4-5 years old when I began re-applying for credit in 2016 but this never came up as a factor for me. I am now in great shape again with 800 scores and over 350k credit lines. I also have not heard of anyone having a problem.

I got this card a year ago when it was a hot commodity and I knew I was going to have some spend to put on the card. I got in with a lot of money in and out of one account I was using for some home projects. Money coming in were transfers from payroll and investment withdrawals. A good amount of high dollar transactions. I got a 27k limit and immediately went to the plaid website and deactivated the link to my account. I didn't want them continuously looking into my account. I know if I want a cli I will have to re-enable it, but until then I locked them out. I don't hear very many people getting large CLI so I am ok to let it stay where it is for a while. I did put a lot of spend on it real quick to get the bonuses. Since May I have switched my spend to other cards to get them higher. I do have some monthly bills that get charged on it just to keep it active.

My wife and I did invites months ago. I finally got the App link this Tuesday. I applied, they used Plaid to access my bank account to verify income. I had to allow access to another bank because they couldn't verify enough of my stated income with one account. It took about 3 minutes with a soft pull and they came back with a 27k credit line. My highest yet. They are much like Apple, got the account info immediately to start using, and then it asked to be added to apple pay. I sent my wife a referral code and she applied only using the same first account I applied with ( they didn't ask for a second account verification) and they came back with 23.5k for her. I received my card yesterday via fedex. I have been reading they don't like large spend right now, so I will take it slow just like with Apple. But my Apple has grown to 3x its original credit line in about 1.5 years, up to 18k now. Wouldn't be nice if I got 3x on this account.

This is on their website: Notice: Lapse in Appropriations SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.

I am searching to that now. Thanks

Since I originally burned almost every national bank a decade ago either through credit lines or mortgages with my real estate, there really isn't any other way to go than to try to get back in with them. I still can't get back in with Citi or Chase yet. I just have to keep working with what I have available. Working the credit unions is one way. I have the two 10k cards. However, they will take time to build as well.

I have two 10k cards at PSECU and a $7500 at U.S. Bank. I don't have access to NAVY since I burned them in a foreclosure a decade ago and even though USAA Bank let me back in I am getting low limits there ( I used to have a 20k card with them). But from my experience the banks seem to gloss over my high limits at my CU's. I recently got back in with AMEX after a 10yr blacklist so I hope they will work for me in the future as well. But now I am trying to find ways to raise all my older lines so that new approvals will be better.

After many years of no CLI's at Cap One, last year I combined a QuicksilverOne into my Platinum Mastercard to get rid of the fee I had for a couple years. I ended with a $4500.00 combined limit. Over the past six months I still did not get any CLI's. When I called last week I was told I can upgrade to a QS no fee or a VentureOne no fee. Then I asked if these would be Visa or Mastercard. They stay a Mastercard with the same account #, just with the additional benefits. Since I don't travel much anymore I went for the QS. The change was complete within 30 minutes on my online account. The next day I was thinking that if they won't give me CLI's then maybe I can manufacture them. I had a good feeling I could apply again for a Platinum and would be approved, I was another 3k. So in 6 months I will look to combine this with the existing QS for a total line of 7.5k. My hope is that either my future approvals at Cap One will be for either better card accounts or larger credit lines. Getting to my question. How many times do you think cap one will allow me to roll a platinum into my new Mastercard QS?

I got back in with AMEX just a few months ago. It took me about 10 years on the black list and they had a judgement against me from before . I kept going to their site every about every six months and did the pre-selector. I was sure to make sure I had no charge off's remaining on my report. I owed way more than 10k to them before in the recession and they were actually the ones that started my credit downfall by closing/cutting my lines pretty much overnight. Then after the next billing cycle my scores tanked and the other CC's followed suit after reviews. I don't blame them, it was a recession. But I am much more careful now. I can only believe it is because I kept an interest in them as the reason they let me back in. Although I did open an AMEX savings account last year. I don't know if that helped. I really have no idea how or why I was let back in. I even got sweet 60k miles for the gold card SUB. They offered me a Platinum Business, but i declined it because I don't travel for work anymore and didn't want the fee.

I really hope this is a trend for all the people that have worked hard to get back into a good credit position.

Now if the debt agencies would just offer the discount on the debt to the borrower/patient in the first place I bet there would be less need. But they don't, they sell it off at a discount to another agency and the cycle continues.

I am not sure. I do know that I used the charge cards heavily before the recession. The only other two factors that I could mention where I would be different than anyone else trying to get back in were the fact that I do have a USAA AMEX that I use heavily, and that I often did the pre-approval about every six months to see if there was any change.

All is good. I appreciate the help. I would have thought DCU would have noticed this and realized it was a bad deal for it's customers.

Thank you for mentioning this. I did look at the DCU option. It is outsourced to ZimpleMoney.com. They don't report to CRA and then I noticed this little gotcha... Transaction Fees (the fee based on 2% of payment + $1) Min Fee: $ 3.99 Max Fee: $ 14.99 Wow!

Bummer, I guess they often give you the old date on the card, just not on the credit report.