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Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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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)
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Valued Contributor
Posts: 2,505
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.

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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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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
Posts: 344
Registered: ‎10-25-2011
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Re: For Sister - Cap1 Credit Steps

I concur!!!  One Step only.

Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
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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

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Valued Contributor
Posts: 1,971
Registered: ‎09-16-2011
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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. 

 

 


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Frequent Contributor
Posts: 344
Registered: ‎10-25-2011
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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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