Capital One--Cap 1--Credit Steps

[Anonymous]

I've had the Cap 1 card since Jan 09 with a $200 limit.  After EXACTLY the 4th statement TODAY, got a $550 CLI to $750 credit line.  I used it every month to $50, then went home and PIF. 

I guess this is the "Credit Steps" program 'cuz I called last week on the 1st to ask for a CLI, and no dice.

[Anonymous]

Congrats on the CLI.

[ralbusta]

Congrats, you will probably get another on the 7th statement. I just got one yesterday from 1k to 1.5k

Just keep up what your doing!

[YoungEntrepeneur]

They make credit building look easy!

[Anonymous]

Has anyone ever got another "step" after the one at 7months?

Mine went from $500 to $1000 and now is at $1500 - unfortunately I wasn't posting here at the time to know that I should call inbetween to ask for additional limit increases!  If there are no more autosteps at what stage should I call them and ask for a CLI? How many months after last increase I mean?

[MizzB]

Question: how does Cap 1'st credit steps program work? Is it automatic on all accounts or just certain accounts in a particular program. I wonder b/c I've never gotten automatic increases. Only increases when I've called in and requested them. Wondering if this is a program I can somehow get in, if it is not automatic.

[y22kc]

I have 2 cards in the credit steps program.  Both started at $500 and I received a letter stating I would receive a $500 increase after 3 months and another $500 increase after 6 months as long as payments were made on time and I used the card at least once.  The first just hit the $1500 mark and 2nd just hit the $1000 mark.  I didn't do anything, they just offered this after I received the card.  One I applied for in Oct and the other in January.

[Anonymous]

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@MizzB wrote:
Question: how does Cap 1'st credit steps program work? Is it automatic on all accounts or just certain accounts in a particular program. I wonder b/c I've never gotten automatic increases. Only increases when I've called in and requested them. Wondering if this is a program I can somehow get in, if it is not automatic.

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Credit steps program is invite only you can't enroll in it.

[MizzB]

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@Anonymous wrote:

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@MizzB wrote:
Question: how does Cap 1'st credit steps program work? Is it automatic on all accounts or just certain accounts in a particular program. I wonder b/c I've never gotten automatic increases. Only increases when I've called in and requested them. Wondering if this is a program I can somehow get in, if it is not automatic.

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Credit steps program is invite only you can't enroll in it.

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Thanks

[Anonymous]

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@Anonymous wrote:

Has anyone ever got another "step" after the one at 7months?

Mine went from $500 to $1000 and now is at $1500 - unfortunately I wasn't posting here at the time to know that I should call inbetween to ask for additional limit increases!  If there are no more autosteps at what stage should I call them and ask for a CLI? How many months after last increase I mean?

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I would say 6 months after your last increase. Good luck due to the economy most banks now are really stingy with CLI.