Capitol One CLI

[jackg]

For those who are interested, this is what happened this week to my Cap 1 CC.

On Thursday, 10/25 I pulled up my account on-line and on the "My Statement " page there was a line item that said "Important Account Message" so I clicked the button and up came the following: "For successfully completing "Capitol One Credit Steps" you've earned a credit limit increase.

Of course I immediately checked and it was true, the increase took my CL from $1,500 to $2,000.

This took me by surprise because I've only received 3 statements from them and never heard "Capitol One Credit Steps". Oh well, I'll take a $500 increase every 3 months, no problem.

[Anonymous]

After I received my Cap1 Visa, I received a letter in the mail from Cap1 stating that if I make my first 3 payments on time they will increase my credit limit from 300 dollars to 500 dollars.  Suffice it to say, I am paying them on time and way above the minimum.

[Baybreeze]

I just got that letter in the mail today! I just got Cap One a couple weeks ago & havent even used it yet. It's the same thing, "Capitol One Steps". It said I will get an automatic $500 CL increase in 3 months as long as: I use the card within 90 days, make 3 monthly ontime payments in a row, and don't go over my credit limit.