Credit Cards Center Credit cards from our partners
Reply
Valued Member
Posts: 26
Registered: ‎04-01-2013
0

Too Early for a CLI?

So let me ask, after not even a full 30 days with an account, should I ask C1 EO for a CLI? Lol I know it sounds crazy but check me out...
Its my first CC with a CL of only $300. Ive been going nuts having it basically replace my debit card and charging everything. Id come to about $30 left and PIF, then do it again. 5mins ago marked my 4th payment to Cap1 and Saturday will be my 5th. Im thinking that this kind of usage should atleast be worth a consideration even though the account is still wet behind the ears. What are my chances? 



Starting Score: 496
Current Score: TU: 739 | EQ: 724 | EX: 738
Goal Score: 780's Across the board


Take the myFICO Fitness Challenge
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Too Early for a CLI?

Slim and none- sorry. Are you in their credit steps program?
Valued Member
Posts: 26
Registered: ‎04-01-2013
0

Re: Too Early for a CLI?


09Lexie wrote:
Slim and none- sorry. Are you in their credit steps program?

Yea, but that wont kick in until my 6th statement. 



Starting Score: 496
Current Score: TU: 739 | EQ: 724 | EX: 738
Goal Score: 780's Across the board


Take the myFICO Fitness Challenge
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: Too Early for a CLI?

I think you answered your own question. Unfortunately, you have to look at it from the lenders point of view without and/or limited credit history they have given you an opportunity to obtain a CLI. Just be patient, your CLI will happen.
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Too Early for a CLI?


calebwshn wrote:

So let me ask, after not even a full 30 days with an account, should I ask C1 EO for a CLI? Lol I know it sounds crazy but check me out...
Its my first CC with a CL of only $300. Ive been going nuts having it basically replace my debit card and charging everything. Id come to about $30 left and PIF, then do it again. 5mins ago marked my 4th payment to Cap1 and Saturday will be my 5th. Im thinking that this kind of usage should atleast be worth a consideration even though the account is still wet behind the ears. What are my chances? 


This is exactly what we preach to everyone NOT to do with Cap1 EO. Your best bet is to hol the car for at least a year and then go for it!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Established Contributor
Posts: 502
Registered: ‎04-17-2013
0

Re: Too Early for a CLI?


LS2982 wrote:

calebwshn wrote:

So let me ask, after not even a full 30 days with an account, should I ask C1 EO for a CLI? Lol I know it sounds crazy but check me out...
Its my first CC with a CL of only $300. Ive been going nuts having it basically replace my debit card and charging everything. Id come to about $30 left and PIF, then do it again. 5mins ago marked my 4th payment to Cap1 and Saturday will be my 5th. Im thinking that this kind of usage should atleast be worth a consideration even though the account is still wet behind the ears. What are my chances? 


This is exactly what we preach to everyone NOT to do with Cap1 EO. Your best bet is to hol the car for at least a year and then go for it!


+1

OP, do you know how busy the EO would be for all new customers request just like yours? Instead the CEO could be working with those who have established history.Just wait a year and prove yourself to them.


2010: 475 EQ 2011: 503 EQ 2012: 600 EQ2013:632 EQ
Starting Score: 634 EQ-3/13/13
Current Score: 706 EQ-8/29/13 703 EX-7/12/13 705 TU-8/9/13
Goal Score: 700

Take the myFICO Fitness Challenge
Super Contributor
Posts: 6,094
Registered: ‎12-11-2011
0

Re: Too Early for a CLI?

I'm on month 8 or so with my cap1 and I haven't contacted the EO for a CLI yet..I plan on doing it the day I get my 50% annual bonus, and have had my card for a year. I already got a $500 CLI at my 6th month. 

Valued Contributor
Posts: 2,424
Registered: ‎03-15-2012
0

Re: Too Early for a CLI?

[ Edited ]

OP, you gotta gradually work your way through before you get to the front of the line, and get to enjoy the rollercoasters.

 

*edit:

 

LS is right. You have to have an established file and/or major improvement between point A and B, before you'll be effective with the EO's. I think I read that someone tried them a little early, and got a $100 cli???

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.