Come on Credit Steps!

[Anonymous]

My 6th statement cut on 9/22 and I am running everything through it and making multiple payments.

[Anonymous]

You don't need to pay in full, you just have to pay more than the minimum and pay regularly, preferably multiple times a month. 

[lindel]

Yes definitely pay more than the minimum if u can't PIF

[Anonymous]

My QS1 started at 1k. At 2 or 3 months they bumped it to 5k. My 5th statement just cut yesterday. I decided to carry a small balance ($200) because I have never carried a balance before, and quite frankly, I felt like I was wasting the 0% period by not using it. Today I paid double the minimum payment. Will carrying this balance affect the chances of my credit steps increase next month?

I have another QS1 that started as a no-rewards platinum mastercard. EO upgraded it to a QS1. At two or three months I got a 1k increase for a total of $1,500 on that card. Unfortunately, I lost the 0% period on that card when I upgraded to the QS1. Dang it. This one should see a credit steps increase in October.

[rockbttm442]

Monoglot that was just the credit steps. I got no auto luv and when I hit the luv button after the 5th statement they only offered $500 so I declined it. Month later credit steps kicked it and boom.

[Te3030]

Congrats OP on the increase! 

My QS1 credit steps card started at $500, 2.5mos later increase to $1500, credit steps statement cut last night and I was bumped to $2000 while carrying a $900 plus balance.

[NichelleN]

---

@Te3030 wrote:

Congrats OP on the increase! 

My QS1 credit steps card started at $500, 2.5mos later increase to $1500, credit steps statement cut last night and I was bumped to $2000 while carrying a $900 plus balance.

---

I'm in a similar situation. I have 2 cards that each started with $500. The third statements will cut within a week. I hit the luv button and was offered a $1,000 increase to $1,500. I have not yet accepted the increases. I'm thinking I'll wait a bit and see if it changes. The cards have been used heavily with multiple payments made each month, each time paid in full. Though the limits are $500 I've run $2K to $3K through each card monthly.

[Kb109]

What on earth is Credit Steps??? Never heard of it and I have a Capital One card.

[Anonymous]

---

@Kb109 wrote:

What on earth is Credit Steps??? Never heard of it and I have a Capital One card.

---

It's automatic CLIs for people with limited/poor credit on the "sub prime" cards (plat, qs1). 

It encourages them to use (AND PAY) the card a lot in the first 6 months. It also lets Capital One watch and see if they can handle the credit they receive. 

I'm sure most people who are bad at handling them make a lot of mistakes the first few months. 

[Kb109]

Ohhhh I see. That's cool!