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For Sister - Cap1 Credit Steps

Valued Contributor

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

Take the FICO Fitness Challenge
Message 1 of 7
6 REPLIES
Valued Contributor

Re: For Sister - Cap1 Credit Steps

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

Message 2 of 7
Senior Contributor

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"

Message 3 of 7
Frequent Contributor

Re: For Sister - Cap1 Credit Steps

I concur!!!  One Step only.

Message 4 of 7
Valued Contributor

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
Message 5 of 7
Valued Contributor

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 & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 32.5k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 12.5k, Paypal Extras MC 8.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Message 6 of 7
Highlighted
Frequent Contributor

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. 

Message 7 of 7