Cap Credit One Credit Step...

[birjest]

Not sure if this was addressed, but I was pre-qualified for an additional $500 credit  as long as I:

1.  Use my card once

2.  Make my first 5 monthly payments on time

Heck, I already have a cl of $2000.  Easy as pie.  I keep this card under 3% utilization anyway, mostly to buy Southwest Airline tickets...

[beb86]

the CLI should show up on your 7th statement

[CS800]

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@birjest wrote:

Not sure if this was addressed, but I was pre-qualified for an additional $500 credit  as long as I:

1.  Use my card once

2.  Make my first 5 monthly payments on time

Heck, I already have a cl of $2000.  Easy as pie.  I keep this card under 3% utilization anyway, mostly to but Southwest Airline tickets...

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I see in your siggy that you got your TU FICO from Barclays, do you know if it's TU98 or TU04?

[birjest]

I couldn't tell you.  It dosen't say, but when I pulled myFico TU, it was at 686 a week prior to me applying for Barclay's.

[mAndrew1980]

So you had a Cap1 cc with a 2000 CL, and they offered you a different cap1 cc in the credit steps program? I'm wondering because I already have a Cap1 cc with a 500 CL, but I dont think im in the credit steps program. Can my current cc become enrolled?

Either way, nice work!

[birjest]

Nooo, I this is for new account holder.  I have a 2K limit, and if I use my card once and pay off the balance for 5 months, they will raise my limit to $2,500.

[CreditCrusader]

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@mAndrew1980 wrote:

So you had a Cap1 cc with a 2000 CL, and they offered you a different cap1 cc in the credit steps program? I'm wondering because I already have a Cap1 cc with a 500 CL, but I dont think im in the credit steps program. Can my current cc become enrolled?

Either way, nice work!

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If you select the "Documents" tab on your homepage you will see whether you are in the steps program. The document should be titled "Capital One Credit Steps Program"

[theagent26]

I just got my 2nd Cap1 maybe a few weeks ago. Hadn't used it but once, but I get an email this past weekend saying the same thing about steps program, extra $500 at 7th statement, etc. I never requested to be placed in this steps program, but I'll take it!

[mAndrew1980]

Turns out I am in the credit steps program. After 6 months they bumped me to 500 (from 300). Does this mean at the year mark they will bump me up to 750?

[FloridaState12]

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@mAndrew1980 wrote:

Turns out I am in the credit steps program. After 6 months they bumped me to 500 (from 300). Does this mean at the year mark they will bump me up to 750?

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As I understand it, the "credit steps" program gives you a one-time CLI. 

After you get the bump, don't hold your breath for another.