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Capital One ..."Make first 5 Payments on Time and get a CLI"...?

Established Contributor

Capital One ..."Make first 5 Payments on Time and get a CLI"...?

 

The Cap One rep I talked to said if I make the first (5) payments on time I will get a CLI

Has anyone experienced this?

 

If so, what was your starting CL and what did they increase it to?

 

Thank you

Message 1 of 14
13 REPLIES
Valued Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?


Andy77 wrote:

 

The Cap One rep I talked to said if I make the first (5) payments on time I will get a CLI

Has anyone experienced this?

 

If so, what was your starting CL and what did they increase it to?

 

Thank you


they call it the steps program, usually only happens once or twice,  my first CapOne card had two levels,  first was from 500, to 1000, and then to 2000 after the second 5 months. And that is where it sits... its 3 rd birthday will happen in april or about 2 weeks away. 

 

no late payments on any credit cards,  has used the hell out of it at times, including up to $1950, now  for the last 2 weeks it has sat at 0 usage in the sock drawer. it has no AF so it will live there and come out occausionally its my oldest card and has a 11% APR my best. I now have prime cards in my wallet,  AMEX blue, zync and Chase freedom.

 

 

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 2 of 14
New Visitor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

It's called the credit steps program and my initial limit was 500 and it was automatically increased to 750 in 5 months.  It's a good program and makes you look much more desirable for one of their premium cards.  I was in the credit steps program for two of their cards and got an increase on both.

Message 3 of 14
Regular Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

Not sure but I think it's after the 7th billing cycle you get the bump.

Message 4 of 14
Super Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

 

Don't take the Cap1 CSR's word for it on the details ~ they are notoriously misinformed.   Look for a letter from Cap1 describing the terms of "credit steps" for your account.

 

It might be in the on~line "statements and documents" section of your account under documents.

 

 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 5 of 14
Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

Don't want to sound repetitive but it's called the step program. My initial cl was 500 and in the 6th month with the card it went to 750 on its own.. I believe it'll stay there for awhile as I read on the forums that cap one is stingy on cli Smiley Sad
My wallet : Amex Zync NPSL , Discover More $3500, BankAmericard Cash Rewards $1000, Walmart Discover $1400, Chase Freedom $1000, Capital one Platinum $1000, Macy's Store card $100, Amazon Store card $1400, Southwest rapid rewards $5000, Marriot Visa $5000. Barclay Apple $1200
Message 6 of 14
Regular Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

I have this card, I got it last july , my initial  CL was 300 and after 5 payments it was increased to 750 in December. it is a good way to rebuild. They sent me a paper in the mail and I am due another increase after 6 months.


Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)
Score: EQ: 660,lender pull 4/13, EX: 671 lender pull 4/13, TU: 691 lender pull (4/13)
, current Score (3/16/17) EQ: 724. Goal Score: 700


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Message 7 of 14
Senior Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

For both my Capital One cards I got increases after 6 months,   $300 and $500.

Message 8 of 14
Contributor

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?

i got the same card 2 years 5 months still stays with 750 limit  and when i ask cli always answer is not eligible for increase 

Message 9 of 14
Moderator Emeritus

Re: Capital One ..."Make first 5 Payments on Time and get a CLI"...?


K_J wrote:

I have this card, I got it last july , my initial  CL was 300 and after 5 payments it was increased to 750 in December. it is a good way to rebuild. They sent me a paper in the mail and I am due another increase after 6 months.


 

+1

 

I initially was given a $500 CL, and then bumped up to $750.


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Message 10 of 14