Weird email from Cap 1

[buggie]

I have had a Cap 1 "platinum" card for 4+ years which was originally under what y'all call credit steps now. I'm even still at a $1000 limit.

I am currently in the garden, but went through an app spree in March & April and was approved for 8 new cards (CDP $1500, Barclay Upromise $1000, PPEX $2000, etc.), in addition to the 2 cards I have had for 4-5 years. I haven't had any negatives other than the fact that I have a lot of inquiries because I just got a mortgage in January and a home equity loan in March along with these cards.

So anyway, being the idiot that I am, and because I have been wanting the Cap1 Quicksilver,  instead of gardening like a good girl - at the beginning of June I applied. They hit all 3 CRAs and gave me a really crappy $300 limit.  So I contacted the EO and blah blah blah they couldn't increase my lousy $300 limit. I figured I'd just close it out after i pay off the stupid $39 annual fee they charged me!!! Add insult to injury!!

Then today, I get an email "Welcome to Credit Steps" and i'm like -  what just happened?

I contacted the EO again this afternoon by email, but no response so far, which is okay. But what the heck? Do you think I'm really delegated back to Credit Steps because of all my inquiries?

My scores are: 671 TU (TU Fako)

                            736 (Credit Sesame)

                             714 (Credit.com)

Any thoughts?

[SevenNEW]

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@buggie wrote:

I have had a Cap 1 "platinum" card for 4+ years which was originally under what y'all call credit steps now. I'm even still at a $1000 limit.

I am currently in the garden, but went through an app spree in March & April and was approved for 8 new cards (CDP $1500, Barclay Upromise $1000, PPEX $2000, etc.), in addition to the 2 cards I have had for 4-5 years. I haven't had any negatives other than the fact that I have a lot of inquiries because I just got a mortgage in January and a home equity loan in March along with these cards.

So anyway, being the idiot that I am, and because I have been wanting the Cap1 Quicksilver,  instead of gardening like a good girl - at the beginning of June I applied. They hit all 3 CRAs and gave me a really crappy $300 limit.  So I contacted the EO and blah blah blah they couldn't increase my lousy $300 limit. I figured I'd just close it out after i pay off the stupid $39 annual fee they charged me!!! Add insult to injury!!

Then today, I get an email "Welcome to Credit Steps" and i'm like -  what just happened?

I contacted the EO again this afternoon by email, but no response so far, which is okay. But what the heck? Do you think I'm really delegated back to Credit Steps because of all my inquiries?

My scores are: 671 TU (TU Fako)

                            736 (Credit Sesame)

                             714 (Credit.com)

Any thoughts?

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It is indeed confusing. But on the bright side, if they enrolled you in the credit steps it means you can get a few auto CLI. Perhaps you can wait a few months, since you have already paid your AF and call in 10 months or so to see if they are willing to wave it. After all, 1.5% cash back is not a bad deal, in addition to no FTF.

[PandiferBear]

Given your initial CL, you were probably automatically enrolled in credit steps.  Likely it is just the computer working with the info given, and obviously not a personal insult.  No worries.  You have taken the HP (likely 3 of them), may as well see what comes of it with the steps.  Seems like the QS line can get good CLIs.  Best of luck!

[buggie]

I think that reasoning that the computer just "assumed" it was credit steps is probably correct. Hopefully the EO will enlighten me. I really am just kicking myself for applying for the card anyway.

[sponge_gto]

I had the same Platinum Mastercard from Cap 1 but instead of applying for a Quicksilver, I just called in and asked if I could enroll in any rewards program. The rep happily said she'd check for me and asked me to choose between rewards equivalent to Venture One (1.25 miles per $) and Quicksilver (1.5% cashback). All other terms remained the same. Perhaps you might be interested in trying that?

[SunriseEarth]

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@buggie wrote:

I have had a Cap 1 "platinum" card for 4+ years which was originally under what y'all call credit steps now. I'm even still at a $1000 limit.

I am currently in the garden, but went through an app spree in March & April and was approved for 8 new cards (CDP $1500, Barclay Upromise $1000, PPEX $2000, etc.), in addition to the 2 cards I have had for 4-5 years. I haven't had any negatives other than the fact that I have a lot of inquiries because I just got a mortgage in January and a home equity loan in March along with these cards.

So anyway, being the idiot that I am, and because I have been wanting the Cap1 Quicksilver,  instead of gardening like a good girl - at the beginning of June I applied. They hit all 3 CRAs and gave me a really crappy $300 limit.  So I contacted the EO and blah blah blah they couldn't increase my lousy $300 limit. I figured I'd just close it out after i pay off the stupid $39 annual fee they charged me!!! Add insult to injury!!

Then today, I get an email "Welcome to Credit Steps" and i'm like -  what just happened?

I contacted the EO again this afternoon by email, but no response so far, which is okay. But what the heck? Do you think I'm really delegated back to Credit Steps because of all my inquiries?

My scores are: 671 TU (TU Fako)

                            736 (Credit Sesame)

                             714 (Credit.com)

Any thoughts?

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Why didn't you try PCing your Platinum to a QS?

[lg8302ch]

Yes try to PC your Platinum card to QS1. Like this you can keep the account history and limit and still get the 1,5% cash back. Good luck!

[buggie]

Hmm. I didn't know that was possible with Cap1. I will try it when the EO calls me.

Thanks!!

[coldnmn]

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@buggie wrote:

Hmm. I didn't know that was possible with Cap1. I will try it when the EO calls me.

Thanks!!

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They would probably do it through chat on your account page.

[SunriseEarth]

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@buggie wrote:

Hmm. I didn't know that was possible with Cap1. I will try it when the EO calls me.

Thanks!!

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Good plan!