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Frequent Contributor
Posts: 309
Registered: ‎04-07-2008
0

Question about Cap1 credit steps

I opened a Cap 1 in mid July, $300 credit steps to $500 after 5th statement. The second statement cut on Monday 9/8 and I called the backdoor number today and got CL doubled to $600.
 
After reading a bit I noticed that some people got larger CLI than they were originally promised when credit steps kicked. My question is should I expect a larger increase after the 5th statement or just the original $200. I've been charging close to the limit and PIF. I've run about $700 through it in that time period.
 
Thanks 
Regular Contributor
Posts: 164
Registered: ‎07-14-2008
0

Re: Question about Cap1 credit steps

The fact that you got an increase after 1 month is amazing (for Cap One). But as far as I saw other posts, Cap One likes maxing-out with PIF.
Regular Contributor
Posts: 157
Registered: ‎05-01-2008
0

Re: Question about Cap1 credit steps

My third statement just cut about a week ago. So I called the back door # an got an 300 increase. Now I have to wait an see what type of an increase I'll get with the credit step. If I remember the letter that I received stated it should be around 250.
Frequent Contributor
Posts: 395
Registered: ‎04-25-2008
0

Re: Question about Cap1 credit steps

I opened mine in late 4/08- $300 cl

 

in late 6/08 (after 2nd stmt hit), I called and got $300 cli

 

in 8/08, credit steps (which was only supposed to be $250 per letter) hit and I got a $500 cli

 

total cl as of 8/08= 1.1k.  had I not called the backdoor #, I would’ve only been @ 550.

Frequent Contributor
Posts: 429
Registered: ‎05-07-2008
0

Re: Question about Cap1 credit steps

Hi,
 
I got a $1000 cl with Cap 1 in June 2008. I was enrolled in the credit steps program. 2 statement have cut, (august 25th), I called today, just to see if I could get a CLI, and they gave me $500. YIPPPEEE...  I should get another $500 after the next statement, then I will call every couple of months and ask...
 
I currently have a balance of -160.00 because I double paid my CC bill... I used the bill pay on cap one's website and that of my banks... too funny...  Oh well...
 
Thanks for all the great advice guys!
 
Bridget
Starting Score: 06/2010- EQ 464
01/2012-EQ 512
April Score: EQ 679 4/12TU- 677 EX- 699 (FAKO)
Current Score: 05/2012-EQ 691 4/12TU- 706 EX- 720(FAKO)
Goal Score: 700 by 05/2012- MADE IT!!!!


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 453
Registered: ‎05-14-2008
0

Re: Question about Cap1 credit steps

What's the backdoor number?
Senior Contributor
Posts: 3,017
Registered: ‎06-03-2008
0

Re: Question about Cap1 credit steps

Gonna make my BF do this on his $1k Cap 1 from July.
Are you guys getting hit with inqs for asking for CLI?
Regular Contributor
Posts: 164
Registered: ‎07-14-2008
0

Re: Question about Cap1 credit steps

They do not make a hard inquiry for their decision.
Senior Contributor
Posts: 3,017
Registered: ‎06-03-2008
0

Re: Question about Cap1 credit steps

Thank you!

Physicist wrote:
They do not make a hard inquiry for their decision.


Frequent Contributor
Posts: 309
Registered: ‎04-07-2008
0

Re: Question about Cap1 credit steps



adamseve wrote:
What's the backdoor number?



You'll find the backdoor numbers in a thread at the top of the credit card forums!

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