topic Re: credit steps cli in Bankruptcy

credit steps cli

ChistineNJ — Wed, 18 Jun 2014 23:13:08 GMT

I am about 1year post bk d/c, when I was discharged last year my first card was capital one platinum at that time i received a instant approval for a 300 credit line and enrolled in the credit steps program. i think charged and made 5 payments and received a auto cli to 500. well on my 11th or 12th statement they gave me an additional 1000 that brings my total cli to 1500.00 in one year. thanks capital one!!

Re: credit steps cli

gdale6 — Thu, 19 Jun 2014 00:20:20 GMT

@ChistineNJ wrote:
I am about 1year post bk d/c, when I was discharged last year my first card was capital one platinum at that time i received a instant approval for a 300 credit line and enrolled in the credit steps program. i think charged and made 5 payments and received a auto cli to 500. well on my 11th or 12th statement they gave me an additional 1000 that brings my total cli to 1500.00 in one year. thanks capital one!!

Excellent, keep up the good work

Re: credit steps cli

0REDSOX7 — Thu, 19 Jun 2014 00:38:18 GMT

What's the credit steps program? And did you burn them in your BK?

Oh, and congrats!

Re: credit steps cli

TRC_WA — Thu, 19 Jun 2014 01:36:42 GMT

Credit steps is a one time CLI program offered by Capital One... 5-6 months of on time payments will get you the increase... typically 1/2 of your original CLI but YMMV.

Mine went from $1000 to $1500 and $500 to $750 at 6 months. It's a one time increase... any further increases are at their discretion and it's like pulling teeth.

I had to Facebook message them and talk to the EO just to get a increase after being denied for "not enough card usage." I requested $1500 CLI to $3000... they gave me $500 to $2000.

Most likely what I'll end up doing is closing both my CapOne accounts when they reach 2 years of age for optimal FICO scoring. The $1500 CLI I just got from BECU pretty much makes up for utilization lost if I were to close the accounts.

CUs are the best and the CapOne cards are already my worst cards and they probably won't get much better. CapOne is a rebuild lender... By the time both accounts are 2 years old my BR will have fallen off my report and I'll be with better lenders than I am now.

Re: credit steps cli

Anonymous — Wed, 13 May 2015 21:46:40 GMT

Are you automatically enrolled in the credit steps program ....

Re: credit steps cli

Scupra — Wed, 13 May 2015 21:48:11 GMT

@Anonymous wrote:
Are you automatically enrolled in the credit steps program ....

Yes, you will get literature about it as well.

Re: credit steps cli

Anonymous — Wed, 13 May 2015 21:51:48 GMT

thanks

Re: credit steps cli

Anonymous — Sat, 16 May 2015 02:20:57 GMT

Re: credit steps cli

Anonymous — Sat, 16 May 2015 02:23:46 GMT

Cap 1 has been a lot more lienent lately from what I've seen. I have 2 QS cards, 1 just hit the CLI and I went from 500 to 2500. That way exceeded the original 250 increase they told me I'd get.

My second cards 6 month statement cuts on June 9 so I'm interested to see where that one goes. I handle both cards nearly the same. I try to spread out the usage and generally make equal payments.

Re: credit steps cli

ChistineNJ — Sun, 17 May 2015 12:52:14 GMT

capital one has been even more generous my current limit is 5k and ive only had the card 15months. other memebers of my house have went from 300 to 2300 less than 6 months. im considering app for the venture that has been having rave reveiws once my utilization goes down a bit and my bk is offically hits the 2 year mark

Re: credit steps cli

DaUsMsB — Mon, 18 May 2015 09:54:14 GMT

Cap 1 has been really nice with us....we also had 2 car loans, 1 last may 2014 and 1 Jan 2015. We have QS and platinum cards. They were super leniant on our cards. We just got all 4 cards Nov 2014. Somehwere around 5 months in we asked for CLI on all of them and was approved...wife's was instant, mine was delayed by a day or so. Her scores are slightly higher.

Here's how they progressed for us:

(SUPER Heavy usage on mine and pretty decent on wife's. In the last 6 months I'm sure we ran around 25k through them give or take a couple)

My QS:

11/2014 -- $3000

3/2015 -- $9000 (requested CLI stating I got close to limit and asked them to look at my usage and multiple payments a week)

4/2015 -- $9500 (auto CLI after 5 on time payments)

My Platinum:

11/2014 -- $1000

3/2015 -- $2000 (requested CLI stating I got close to limit and asked them to look at my usage and multiple payments a week)

4/2015 -- $2500 (auto CLI after 5 on time payments)

Wife QS:

11/2014 -- $1000

3/2015 -- $3000 (requested CLI stating I got close to limit and asked them to look at my usage and multiple payments a week)

4/2015 -- $3500 (auto CLI after 5 on time payments)

Wife Platinum:

11/2014 -- $500

3/2015 -- $1500 (requested CLI stating I got close to limit and asked them to look at my usage and multiple payments a week)

4/2015 -- $2000 (auto CLI after 5 on time payments)