Yeah, I was also under the impression that this card would be graduated in a short period of time. I think it has to do with the way they advertise it:
I guess to me “refundable security deposit” meant that they gave your deposit back after having good payment history. Earn credit line increases meant to me that I would be given a nice increase, not $100 in one year. But they actually never mention anything about graduation. Smart way to phrase things. They fooled us all. I’m also giving this card one more year. Hopefully by then I’ll have better cards and will not have to worry about all this stuff.
I’m grateful that Capital One gave me credit when nobody else was willing to take a chance with me, but I also resent that the card does not grow with you. It’s hard not to feel that they are taking advantage of the situation.