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Valued Contributor
Duncanrr
Posts: 2,843
Registered: ‎06-08-2012
0

For Sister - Cap1 Credit Steps

My sister just got her letter from Cap1 regarding their credit steps program.  Her initial CL is $1000 (she just paid her first bill last night).  The letter said she would get a $500 CLI after 5 months of on-time payments and using the card.

 

From what Ive read, the steps program typically has a number of CLI that occur at regular set times.  What can she expect from this? The first one in 4 more months would set her CL to $1500.  When would the next step be and for what range CLI?

 

Thanks

 

 

Duncan



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Valued Contributor
trumpet-205
Posts: 2,414
Registered: ‎11-11-2010
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Re: For Sister - Cap1 Credit Steps

Credit step is one time CLI increase. There will be NO more CLI after this.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: For Sister - Cap1 Credit Steps


trumpet-205 wrote:

Credit step is one time CLI increase. There will be NO more CLI after this.


My experience also.   Should be called "Credit Step"

Frequent Contributor
Happychap
Posts: 323
Registered: ‎10-25-2011
0

Re: For Sister - Cap1 Credit Steps

I concur!!!  One Step only.

Valued Contributor
Duncanrr
Posts: 2,843
Registered: ‎06-08-2012
0

Re: For Sister - Cap1 Credit Steps

Well, that's a misnomer if ive ever seen one.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Valued Contributor
jamesdwi
Posts: 1,727
Registered: ‎09-16-2011
0

Re: For Sister - Cap1 Credit Steps

about 3-4 years ago they were doing 1 or 2 steps, I was given two steps (auto-cli's)  but haven't heard of anyone else getting the second auto-cli in a year or more. 

 

 


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 & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Frequent Contributor
Happychap
Posts: 323
Registered: ‎10-25-2011
0

Re: For Sister - Cap1 Credit Steps

Least she got an OK start limit. I had a starting of $500 went to $750 that was three years ago. I only use it for crap stuff like security holdings for hotels etc I never charge on it, as they do not deserve a dime.  My other cards now range on average in the $20k range. 


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