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Established Contributor
Posts: 742
Registered: ‎10-02-2007
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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

Valued Contributor
Posts: 2,287
Registered: ‎09-16-2011
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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 & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
New Visitor
Posts: 1
Registered: ‎06-29-2011
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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.

Regular Contributor
Posts: 151
Registered: ‎06-09-2009
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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.

Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
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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
Contributor
Posts: 162
Registered: ‎04-15-2011
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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
Regular Contributor
Posts: 209
Registered: ‎01-31-2012
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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)
Current Score: EQ: 660,lender pull 4/13, EX: 671 lender pull 4/13, TU: 691 lender pull (4/13)
Goal Score: 700


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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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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.

Contributor
Posts: 133
Registered: ‎03-06-2012
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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 

Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010
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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
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