I just got approved for a $300 cl (recovering from BK ). How long does it usually take for them to increase the initial cl?
You are probably in the Credit Steps program. Most of their rebuilder cards are. As long as you use your card within the first 90 days, don't ever go over the limit, and make three timely monthly payments, you should see a CLI to $500 by the time you get your fifth statement.
After that, it's anyone's guess. Many people have had good luck with the backdoor numbers, but some have not.
---------------------------- App free since 7/11/08. TU 744 / EX 710 / EQ 694 (Starting to slip. )
I had a 300cl, always PIF, and on time and I called the backdoor right at the 3 mths mark and got an increase to 600. I have a credit steps card so I should be getting that increase in the next few weeks as well. Its smart to call before the auto increase! (I learned that here )
With Cap1 and the credit steps, one of the major things that you have to do is put the card to work. I have 2 cards that are at 1600 dollar limits. I have not received any recent increases on these cards in a while (even though I have called the backdoor number numerous times) due to fact that I sockdrawered them for the time being and been using other cards.
I would really like to purchase a new Millineum Falcon with my WAMU (oops Chase card)!!!! But first I need a decent credit limit.