topic Re: QS1 1st statement CLI in Credit Cards

QS1 1st statement CLI

Anonymous — Wed, 24 Feb 2016 15:07:01 GMT

QS1 1st Statement CLI no dice reason "your capital one account is too new"

I'll try again on 2nd statement.

PS when exactly should I hit the luv button, I waited 2 business days after statement cut.

I have Capone Sony card for 1 year 1 month with 2 CLIs and just closed my secured which was 1.5 years, never a missed payment on any of my cards all my credit cards (9 of them) have 0 Bal with 4% util reported (stupid sunglass hut reports opening bal before I could pay it)

Re: QS1 1st statement CLI

Chezy1025 — Wed, 24 Feb 2016 15:09:52 GMT

From what I have seen, most people report their first increase at the 3rd statement when requesting luv - though some have said they have gotten it after the 2nd.

Re: QS1 1st statement CLI

Kiki901 — Wed, 24 Feb 2016 15:17:05 GMT

For me, it seems I can only request every 6 months....if I try, I get the message "a change was recently made to this account."

Thankfully, it's only a SP!

Re: QS1 1st statement CLI

degs138 — Wed, 24 Feb 2016 15:19:45 GMT

Depends on how you're using your card and starting score. If you use heavy and PIF often you should get an increase faster.

Re: QS1 1st statement CLI

Chezy1025 — Wed, 24 Feb 2016 15:33:03 GMT

OP - my understanding is that when you open a new account and are enrolled in Cap1's credit steps program, people have reported getting an increase typically after the 3rd statement when they request luv (That was my experience aswell). Then at 6months you get your auto steps CLI and after that it is 6months

Re: QS1 1st statement CLI

Anonymous — Wed, 24 Feb 2016 15:34:33 GMT

Even though credit steps is auto cli you have to wait six months after the auto cli to apply for another CLI?

Re: QS1 1st statement CLI

Chezy1025 — Wed, 24 Feb 2016 15:41:41 GMT

That has been my experience so far - after the 3rd statement you can sneak a requested CLI and still get your auto increase at 6 months, but after that it's back to waiting 6 months

Re: QS1 1st statement CLI

SunriseEarth — Thu, 25 Feb 2016 00:47:00 GMT

@Anonymous wrote:
QS1 1st Statement CLI no dice reason "your capital one account is too new"

I'll try again on 2nd statement.

PS when exactly should I hit the luv button, I waited 2 business days after statement cut.

I have Capone Sony card for 1 year 1 month with 2 CLIs and just closed my secured which was 1.5 years, never a missed payment on any of my cards all my credit cards (9 of them) have 0 Bal with 4% util reported (stupid sunglass hut reports opening bal before I could pay it)

YMMV. Some people with very heavy usage and PIF have received very early CLIs by request. I was offered $750 CLI after my 2nd statement; I withdrew my request and plan on resubmitting once my 3rd statement closes.

Re: QS1 1st statement CLI

JSS3 — Thu, 25 Feb 2016 00:56:20 GMT

Try after 3rd statement but make sure you're paying back a good amount(if not paying in full). You don't want the, "Your monthly payment is too low" message.

Re: QS1 1st statement CLI

Anonymous — Fri, 25 Mar 2016 15:41:22 GMT

Just tried after second statement and still got the your account is too new message with large PIFs multiple times.

I hope 3rd statement is the charmed CLI for me.

Re: QS1 1st statement CLI

cship10 — Fri, 25 Mar 2016 17:02:31 GMT

From what I have seen, Capital one does not give CLI until after 60+ days on new accounts. Most of the time it is the 3rd statement. I got the account too new for 70+ days and then I hit it right around the time of my 3rd statement and got a 7k increase.

Re: QS1 1st statement CLI

Anonymous — Fri, 25 Mar 2016 19:17:38 GMT

@Anonymous wrote:
QS1 1st Statement CLI no dice reason "your capital one account is too new"

I'll try again on 2nd statement.

PS when exactly should I hit the luv button, I waited 2 business days after statement cut.

I have Capone Sony card for 1 year 1 month with 2 CLIs and just closed my secured which was 1.5 years, never a missed payment on any of my cards all my credit cards (9 of them) have 0 Bal with 4% util reported (stupid sunglass hut reports opening bal before I could pay it)

From my own personal experience, I recommend not trying for a CLI before the 6 month mark on a new card through Cap1. Reason being, the CLI at the end of the 6 months use seems to be larger than the combine smaller CLI's from requests during that time. My QS started at $500 and went to $3,000 at the 6 month mark, and my Platinum started at $1,000 and went to $3,500 at the 6 month mark. HEAVY use is the key, PIF every month, or multiple times a month (if your limit is less than your monthly spending) and they will reward you.