New Amex and Cap 1, CLI's?

[Anonymous]

I don't know if I'm on the right board for this question, but here goes. I was recently approved for Amex ED $500 SL and Cap 1 QS1 $1000 after coming back from a 505 credit score (thanks to these forums!!!). I have read about "credit steps" but how do you know if you're in that program or if it's a regular card? How soon can you request a CLI? Will they be automatic?

I am new to a good credit score with good cards so I am clueless...lol

CCT scores: Ex 648 Eq 667 TU 705

[Scupra]

There will be information mailed to you about credit steps. IIRC my info came after receiving the card. I think with Cap1 you can start requesting CLI's after 3 months. It will always be a SP and you can only receive a requested CLI every six months.

[AverageJoesCredit]

You can try after 61 days on Amex even if you are in their credit steps.

[SomewhereIn505]

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@Anonymous wrote:

I don't know if I'm on the right board for this question, but here goes. I was recently approved for Amex ED $500 SL and Cap 1 QS1 $1000 after coming back from a 505 credit score (thanks to these forums!!!). I have read about "credit steps" but how do you know if you're in that program or if it's a regular card? How soon can you request a CLI? Will they be automatic?

I am new to a good credit score with good cards so I am clueless...lol

CCT scores: Ex 648 Eq 667 TU 705

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First off - congrats on the approvals!

Cap 1 will tell your increase will be after 6 months of following their program. I was a few days late on my first billing and was issued a "warning." Its more evil that what they say because it resets your 6 month good payment date (i.e. payment due date). I was expecting a CLI in September but now I'm looking down the road. When I have talked to their CSR, I have had inconsistent answers to when I'm coming off credit steps. I have pushed the luv button several times and there has been no CLI.

Lurking through the forums here, I found an upgrade link. I tried that a few days ago and was able to upgrade my Platium to QS. I have heard its better luck with CLI for QS than Platinum. However I have seen it reported that QS1 generally gets QS1 upgrades.

I was also approved for QS1 this week with a low SL and I plan on trying to upgrade in 3 months. Worst case scenario, I'll try to merge the QS and QS1 accounts in 6 months.