Credit Cards

[Duncanrr]

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

[trumpet-205]

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

[Wolf3]

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trumpet-205 wrote:

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

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My experience also.   Should be called "Credit Step"

[Happychap]

I concur!!!  One Step only.

[Duncanrr]

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

[jamesdwi]

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. 

[Happychap]

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.