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Frequent Contributor
Posts: 256
Registered: ‎04-26-2015
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6th Statement

So my QS1 statement closes today and Credit Steps should kick in. I unfortunately came across a situation where I had to pretty much max the card but I at least put a small payment on it to drop UT down some. I hope I can get a decent CLI as this is the only month I'll have a large balance(large to me at least) post. I've read through here it's best to leave a balance to show the need for more credit. Has that actually worked for anyone?
FICO score: EQ 586 TU 566 EX 568(4/1) EQ 583 TU 562 EX 582(5/1) EQ 623 TU 796 EX 623(6/1)

=$3300=$500 =$500 =$2000
Contributor
Posts: 699
Registered: ‎04-03-2015

Re: 6th Statement

[ Edited ]

rockbttm442 wrote:
So my QS1 statement closes today and Credit Steps should kick in. I unfortunately came across a situation where I had to pretty much max the card but I at least put a small payment on it to drop UT down some. I hope I can get a decent CLI as this is the only month I'll have a large balance(large to me at least) post. I've read through here it's best to leave a balance to show the need for more credit. Has that actually worked for anyone?

I wouldn't worry about it too much. If you use the card often and are putting spend through it they will almost certainly give you a CLI. How much they give you is hard to say. My old Cap One card was refused a CLI many times over the four years I used it ($750 limit) and I was denied a product change, so I decided to app for a Venture and got 10k SL instant lol. Then within 2 weeks they CLI'd my old card and product changed it to a QS. Cap One is weird sometimes. 

FICO Scores TU -750 |EQ - 741 |EX -726 FOR REAL NOW Gardening Until June 2017

Frequent Contributor
Posts: 256
Registered: ‎04-26-2015
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Re: 6th Statement

Ok thanks for the input
FICO score: EQ 586 TU 566 EX 568(4/1) EQ 583 TU 562 EX 582(5/1) EQ 623 TU 796 EX 623(6/1)

=$3300=$500 =$500 =$2000
Valued Contributor
Posts: 3,024
Registered: ‎03-14-2015
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Re: 6th Statement

I had 70+% util. on the card at the time of my credit steps and I got a 4k increase.

Frequent Contributor
Posts: 256
Registered: ‎04-26-2015

Re: 6th Statement

Ok I didn't pay attention to when my statement cut. It cut on the 19th. Just logged into my Cap One acct credit step was increased from $300 to $3300. Feels good to have a decent credit limit. 

FICO score: EQ 586 TU 566 EX 568(4/1) EQ 583 TU 562 EX 582(5/1) EQ 623 TU 796 EX 623(6/1)

=$3300=$500 =$500 =$2000
Valued Contributor
Posts: 3,024
Registered: ‎03-14-2015
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Re: 6th Statement


rockbttm442 wrote:

Ok I didn't pay attention to when my statement cut. It cut on the 19th. Just logged into my Cap One acct credit step was increased from $300 to $3300. Feels good to have a decent credit limit. 


Very nice increase - congrats!!

Frequent Contributor
Posts: 256
Registered: ‎04-26-2015

Re: 6th Statement

Thanks it's been a long journey.
FICO score: EQ 586 TU 566 EX 568(4/1) EQ 583 TU 562 EX 582(5/1) EQ 623 TU 796 EX 623(6/1)

=$3300=$500 =$500 =$2000
Super Contributor
Posts: 7,245
Registered: ‎04-27-2015
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Re: 6th Statement

10x limit... hard to beat
i am on mobile so i don't see your desktop signatures
Frequent Contributor
Posts: 256
Registered: ‎04-26-2015
0 Kudos

Re: 6th Statement

11x but who's counting Smiley Wink
FICO score: EQ 586 TU 566 EX 568(4/1) EQ 583 TU 562 EX 582(5/1) EQ 623 TU 796 EX 623(6/1)

=$3300=$500 =$500 =$2000
Super Contributor
Posts: 7,245
Registered: ‎04-27-2015
0 Kudos

Re: 6th Statement

yeah my bad lol.
i am on mobile so i don't see your desktop signatures

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