Credit Limit Increase...When to ask?!

[Anonymous]

I know it's very early for me to ask for an increase but I have had my Capital One Platinum ($300 Limit) and Chase Slate ($500) each now for ONE month. If they don't automatically give me a CLI increase, when should I ask for one? 3 months, 6 months, one year? Will they do a hard pull again once they review me for an increase?

Thanks. 

[Anonymous]

Cap One, six months and it will be a soft pull. Chase is always a hard pull.

[Anonymous]

Judging by the limits you received, you barely got approved...so I would not expect a CLI right off the bat.

[Anonymous]

I agree. Even though my scores are Good it's a little deceiving because I have not had any credit for the last 15 years. Everything was closed in good standing and now I am finally reestablishing my credit. I have a feeling if I just use these 2 cards now and pay them off every month in a year I will be getting some big time offers.

I'm pending for BOA 99/500 Secured card. That will be the 3rd and final card I will apply for until I get my scores all 750 and above.

So hard to just wait! But I must!

[Anonymous]

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@Anonymous wrote:

I know it's very early for me to ask for an increase but I have had my Capital One Platinum ($300 Limit) and Chase Slate ($500) each now for ONE month. If they don't automatically give me a CLI increase, when should I ask for one? 3 months, 6 months, one year? Will they do a hard pull again once they review me for an increase?

Thanks. 

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You're most likely in the credit steps program with Cap1. Most people have had very good luck hitting the LUV button for CLI a few weeks after their second statement cuts. Then you will get your steps increase by your 7th statement if you pay on time for 5 consecutive months.

[Anonymous]

"You're most likely in the credit steps program with Cap1. Most people have had very good luck hitting the LUV button for CLI a few weeks after their second statement cuts. Then you will get your steps increase by your 7th statement if you pay on time for 5 consecutive months."

Donny, you were right. After you mentioned that I chatted online with a Cap1 rep and she explained to me how the Credit Step program works and confirmed for me that I am in the program. Thanks!

[Anonymous]

Anytime!

[RonM21]

And in a lot of cases Chase will give you a soft pull increase automatically between 4-6 months in or so. But other than that, you'll have to always HP to get them to increase.