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Cap1 auto CLI @ 6 months!

Valued Contributor

Cap1 auto CLI @ 6 months!

Checked my email this morning after waking up. (Yes, I have one of those jobs that I have to do this-still in bed actually.) To my surprise I find an email from Cap1 - cant call them Crap1 in this situation Smiley Wink.

After 6 months of use of my secured card the auto increased my CL by $300. This is an unsecured increase. I have made several deposits to account and slowly raised CL. Also, I push a good bit though card and PiF before statement cut except 1 month when I had a 90% CL balance report.

My credit scores had gone from 540ish to 665 and higher on each CR. thought I'd share the good news. (Still waiting on Amex Smiley Wink )


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Message 1 of 17
16 REPLIES
Established Contributor

Re: Cap1 auto CLI @ 6 months!

Congrats! This seems to be the norm, as the same exact thing happened to me after 6 months. People say they pretty much stop dead after this, but we'll just have to wait and see. Who can't use an extra $300 right at Christmas time??



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


Take the FICO Fitness Challenge
Message 2 of 17
Valued Contributor

Re: Cap1 auto CLI @ 6 months!

It doesn't change my ultimate plan (closing the account) nor does it change the way I view cap1 in general. They still don't really grow with you. However with recent posting on the cap1 exec thread ill give them a chance.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Message 3 of 17
Established Contributor

Re: Cap1 auto CLI @ 6 months!

Right. I'll be closing them as well when/if US Bank and my soon-acquired BoA unsecure and grow with me. Can't knock the only point that matters though, and that's that they're giving me a positive TL with low annuals.



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


Take the FICO Fitness Challenge
Message 4 of 17
Moderator Emeritus

Re: Cap1 auto CLI @ 6 months!

A CLI is indicative of properly managing the account.  Congrats!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 5 of 17
Valued Contributor

Re: Cap1 auto CLI @ 6 months!

That's pretty much what their email said.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Message 6 of 17
Valued Contributor

Re: Cap1 auto CLI @ 6 months!

Re: Your account ending in xxxx

Duncanrr

Sometimes being a responsible customer pays off—like right now! We’ve increased your credit line by $300. This increase is unsecured and provided automatically, so you don’t need to send an additional deposit to cover it. A higher credit line means you’ll enjoy more flexibility and be better prepared for life’s unexpected expenses.

Now put your new credit line to work for you. You’ve earned it! To check out this increase, just access your account online. And of course, feel free to keep adding funds to your security deposit.

Don’t forget you’re eligible for free CreditInform* with this account—sign up today by calling toll free 1-877-511-7704. It’s a great way to track your credit and receive useful credit tools.


(Language from email)


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Message 7 of 17
Valued Contributor

Re: Cap1 auto CLI @ 6 months!

That's great, Congrats!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 8 of 17
Contributor

Re: Cap1 auto CLI @ 6 months!

Congrats on CLI ! I've got the same increase and email from them .

AMEX BCE 10K; BARCLAYS REWARDS 10K; CITI ANYWHERE 8K; DISCOVER 7,5K;CAP ONE VENTURE 9K;MERRICK BANK 2,3K; MACY'S 1,2K; WALMART-SYNCRONY 450$.
BK7 DISCHARGED IN 2011. FICO 8 NOW IN LOW 700S.
Message 9 of 17
Established Contributor

Re: Cap1 auto CLI @ 6 months!

Did you get the email after getting your 6th or 7th statement?


DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
in the garden since 1/24/14 - #GARDENSTRONG
Message 10 of 17