Reply
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011
0

Re: Capital One Credit Steps?

 


torry590 wrote:

It is a great card to build history, Capital one is probably the best builder or rebuilder card out there.   They are not hard to talk to about waiving any annual fees, my annual fee is only 19$ and they waived it for the first year.  Much Much better than first premier bank or HSBC (orchard bank, household bank).  Customer service is alright, not the best but better than most of those companies I listed.  Credit one is okay, but they charge many many fees just like first premier. I would try for it, hold onto it until you get a better prime card and then close it if you do not want it any more or if they will not waive the annual fee.


I may do that. I wanna PIF on my secure card and wait until EQ gets rid of the errors on my report first. FP does have a lot of fees but I didnt have much of a choice for CC rebuilding :smileyvery-happy:

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
JayRizzo
Posts: 583
Registered: ‎10-17-2010
0

Re: Capital One Credit Steps?

[ Edited ]

Just a wee bit of advice... if you need specific account information, do not use the website's chat session to communicate and verify your personal account information.

 

Also, not all accounts are enrolled into the Credit Steps program and it's not always 7-months, YMMV (range 3, 5, or 7 months) and the amounts also vary (200, 250, or 500).

Regular Contributor
mocha82
Posts: 208
Registered: ‎03-11-2007
0

Re: Capital One Credit Steps?

I applied for the card on 02/23/2011.  Customer care says that the account was established as of 03/05/2011.  My scores at the time were around the same. EQ 595 and TR 574.


LS2982 wrote:

 


mocha82 wrote:

I was approved for a Capital One Stadard Platinum card with a $300 limit yesterday.  However, I am wondering if I will automatically be enrolled into credit steps or if that is only available for certain accounts or certain cards.  I called and the rep said that he doesn't see the option on my account as of yet.  If I don't have the credit steps option, I don't want to be stuck with this low limit card...  I already have their secured card and a Orchard Bank card w/ a $300.00 limit.  Has anyone ever received a card and they tell you that you aren't eligible for credit steps? 


I'm interested in that card as well. I want to PIF my secured Cap1 card before I apply tho. How long have you had their secured card?

 


 

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge


Regular Contributor
mocha82
Posts: 208
Registered: ‎03-11-2007
0

Re: Capital One Credit Steps?


JayRizzo wrote:

When you call the Account Specialists or Sr. Account Managers via the back door numbers, just ask if they can take a close look at the account features section to see if it's enrolled in the credit steps program.  Somehow, CSRs don't check this particular section often, therefore, will not have the answers unless you specifically tell them to check the account features section to confirm.  It's sad that customers must communicate instructions, but as long as we know about it.


Yes I spoke to a Sr. Account Manager who said that the feature wasn't there.  I'm just hoping that the account hadn't been fully set up as of yet b/c at the time when I called I had just got approved within the past 3 hours.

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge


Regular Contributor
mocha82
Posts: 208
Registered: ‎03-11-2007
0

Re: Capital One Credit Steps?


mocha82 wrote:

JayRizzo wrote:

When you call the Account Specialists or Sr. Account Managers via the back door numbers, just ask if they can take a close look at the account features section to see if it's enrolled in the credit steps program.  Somehow, CSRs don't check this particular section often, therefore, will not have the answers unless you specifically tell them to check the account features section to confirm.  It's sad that customers must communicate instructions, but as long as we know about it.


Yes I spoke to a Sr. Account Manager who said that the feature wasn't there.  I'm just hoping that the account hadn't been fully set up as of yet b/c at the time when I called I had just got approved within the past 3 hours.


Update: I called the customer service line and it was confirmed that I was enrolled in the credit steps program.  The rep told me that I would get up to a $500 CLI on my 7th statement!  Yay!!!:smileyvery-happy:

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge



myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+