topic Re: Cap1 auto CLI @ 6 months! in Credit Card Approvals

Cap1 auto CLI @ 6 months!

Duncanrr — Tue, 27 Nov 2012 13:51:03 GMT

Checked my email this morning after waking up. (Yes, I have one of those jobs that I have to do this-still in bed actually.) To my surprise I find an email from Cap1 - cant call them Crap1 in this situation .

After 6 months of use of my secured card the auto increased my CL by $300. This is an unsecured increase. I have made several deposits to account and slowly raised CL. Also, I push a good bit though card and PiF before statement cut except 1 month when I had a 90% CL balance report.

My credit scores had gone from 540ish to 665 and higher on each CR. thought I'd share the good news. (Still waiting on Amex )

Re: Cap1 auto CLI @ 6 months!

sphinx313 — Tue, 27 Nov 2012 13:57:14 GMT

Congrats! This seems to be the norm, as the same exact thing happened to me after 6 months. People say they pretty much stop dead after this, but we'll just have to wait and see. Who can't use an extra $300 right at Christmas time??

Re: Cap1 auto CLI @ 6 months!

Duncanrr — Tue, 27 Nov 2012 14:17:21 GMT

It doesn't change my ultimate plan (closing the account) nor does it change the way I view cap1 in general. They still don't really grow with you. However with recent posting on the cap1 exec thread ill give them a chance.

Re: Cap1 auto CLI @ 6 months!

sphinx313 — Tue, 27 Nov 2012 14:22:06 GMT

Right. I'll be closing them as well when/if US Bank and my soon-acquired BoA unsecure and grow with me. Can't knock the only point that matters though, and that's that they're giving me a positive TL with low annuals.

Re: Cap1 auto CLI @ 6 months!

Shogun — Tue, 27 Nov 2012 16:07:30 GMT

A CLI is indicative of properly managing the account. Congrats!

Re: Cap1 auto CLI @ 6 months!

Duncanrr — Tue, 27 Nov 2012 16:19:05 GMT

That's pretty much what their email said.

Re: Cap1 auto CLI @ 6 months!

Duncanrr — Tue, 27 Nov 2012 16:37:37 GMT

Re: Your account ending in xxxx

Duncanrr

Sometimes being a responsible customer pays off—like right now! We’ve increased your credit line by $300. This increase is unsecured and provided automatically, so you don’t need to send an additional deposit to cover it. A higher credit line means you’ll enjoy more flexibility and be better prepared for life’s unexpected expenses.

Now put your new credit line to work for you. You’ve earned it! To check out this increase, just access your account online. And of course, feel free to keep adding funds to your security deposit.

Don’t forget you’re eligible for free CreditInform* with this account—sign up today by calling toll free 1-877-511-7704. It’s a great way to track your credit and receive useful credit tools.

(Language from email)

Re: Cap1 auto CLI @ 6 months!

Epcot — Tue, 27 Nov 2012 19:26:21 GMT

That's great, Congrats!

Re: Cap1 auto CLI @ 6 months!

Tristate — Wed, 28 Nov 2012 01:48:18 GMT

Congrats on CLI ! I've got the same increase and email from them .

Re: Cap1 auto CLI @ 6 months!

Anonymous — Wed, 28 Nov 2012 02:06:07 GMT

Did you get the email after getting your 6th or 7th statement?

Re: Cap1 auto CLI @ 6 months!

Tristate — Wed, 28 Nov 2012 02:18:00 GMT

@Anonymous wrote:
Did you get the email after getting your 6th or 7th statement?

If you are asking me :-) , I've got it after 6-th statement.

Re: Cap1 auto CLI @ 6 months!

Anonymous — Wed, 28 Nov 2012 02:23:57 GMT

@Tristate wrote:
@Anonymous wrote:
Did you get the email after getting your 6th or 7th statement?
If you are asking me :-) , I've got it after 6-th statement.

I just got my 5th statement today. 1 more to go!

Re: Cap1 auto CLI @ 6 months!

injustifiiable — Wed, 28 Nov 2012 04:37:54 GMT

Happened to me too...was only $100 since I only put in the minimum... seems to be the norm though.

Congrats!

Re: Cap1 auto CLI @ 6 months!

Duncanrr — Wed, 28 Nov 2012 04:53:30 GMT

I got mine after sixth statement. Last statment cut on 11/24 and I got email this morning.

(Edit: on a side note, my WF secured card also had its 6th statement cut on 11/18. No auto CLI from WF. Granted, I havent pushed as much through the card as the cap1 and I havent deposited as much to the card but still would had been nice for a little bump.)

Re: Cap1 auto CLI @ 6 months!

wallyworld123 — Wed, 28 Nov 2012 06:38:53 GMT

@Duncanrr wrote:
Checked my email this morning after waking up. (Yes, I have one of those jobs that I have to do this-still in bed actually.) To my surprise I find an email from Cap1 - cant call them Crap1 in this situation .

After 6 months of use of my secured card the auto increased my CL by $300. This is an unsecured increase. I have made several deposits to account and slowly raised CL. Also, I push a good bit though card and PiF before statement cut except 1 month when I had a 90% CL balance report.

My credit scores had gone from 540ish to 665 and higher on each CR. thought I'd share the good news. (Still waiting on Amex )

Congrats this has been a good month for u

Re: Cap1 auto CLI @ 6 months!

ssdc1980 — Wed, 28 Nov 2012 13:06:56 GMT

First off congrats on the CLI!!!

The credit steps program is nice little bonus with CAP1, unfortunately further CLI's are very hard to come by. But non the less I wish you the best of luck..

Re: Cap1 auto CLI @ 6 months!

Duncanrr — Wed, 28 Nov 2012 16:24:42 GMT

Secured cards are not eligible for credit steps program. However, they seem to treat them in a similar way.