topic Re: CAP1 Product change success in Credit Cards

CAP1 Product change success

Albert_E63 — Mon, 25 Jun 2018 03:52:50 GMT

I been with Cap1 for a few months and started with a 500 SL and got a CLI of 100 Dollars !! but i also been trying to product change and finally got it the platinum to the Quicksilver 1.5 back on everything but now my question is should i try to get another CLI before i get my CLI from the Credit step program or just wait 6 months ?

Re: CAP1 Product change success

Anonymous — Mon, 25 Jun 2018 05:26:46 GMT

I would call Cap One. But I would think since you just got the product-change, you should wait 6 months to request a CLI. My husband has a Cap One Quicksilver, and he had to do the same thing. YMMV

Re: CAP1 Product change success

Brian_Earl_Spilner — Mon, 25 Jun 2018 05:31:47 GMT

Pretty aure you can only get 1 increase before the steps. But try it, worst they can do is deny it. No hp.

Re: CAP1 Product change success

Anonymous — Mon, 25 Jun 2018 05:33:58 GMT

True that. Cap One is not like Citi, OP, so you can try your luck and not risk anything.

Re: CAP1 Product change success

egghead88 — Mon, 25 Jun 2018 05:37:27 GMT

You can do a CLI for new accts after the 3 statement cuts, then its every 6 months. The only exception is the auto credit steps CLI after the 5 statement.

Re: CAP1 Product change success

Brian_Earl_Spilner — Mon, 25 Jun 2018 15:35:54 GMT

@egghead88 wrote:
You can do a CLI for new accts after the 3 statement cuts, then its every 6 months. The only exception is the auto credit steps CLI after the 5 statement.

Totally forgot about the 6 month waiting period and was coming back to post that. The steps increase is the only increase they offer that the rule doesn't apply to. I guess combining accounts is another one since you can get a CLI, then combine.

Re: CAP1 Product change success

HeavenOhio — Mon, 25 Jun 2018 14:16:27 GMT

@Anonymous wrote:
I would call Cap One. But I would think since you just got the product-change, you should wait 6 months to request a CLI. My husband has a Cap One Quicksilver, and he had to do the same thing. YMMV

A product change doesn't affect your ability to receive CLIs. Perhaps you're confusing this with account combinations, which do delay your ability to request and recieve a CLI for the next six months.

Re: CAP1 Product change success

Albert_E63 — Mon, 25 Jun 2018 15:29:18 GMT

I mean i got a CLI of 100 dollars like a month ago and but i saw i had a offer of a product change with the link from one of the thread here and before doing it i asked if it would vold my credit setps and the rep told me no and i could try to do a CLI there isn't a wait period

Re: CAP1 Product change success

HeavenOhio — Mon, 25 Jun 2018 15:32:11 GMT

A product change doesn't change anything except for the rewards structure, the verification number on the back of the card, possibly the expiration date, and the annual fee (if applicable).

Re: CAP1 Product change success

Brian_Earl_Spilner — Mon, 25 Jun 2018 15:34:16 GMT

The rep was wrong. Any CLI needs to be 6 months from the last CLI or account combination as that also counts as a CLI.

Re: CAP1 Product change success

Albert_E63 — Mon, 25 Jun 2018 15:34:27 GMT

Update I got this message, guess i gotta wait the 6 months but now my question is do i gotta wait 6 months from today or 6 months after the Credit step CLI ?

Thank you for your interest. Unfortunately, your account isn't eligible for a credit line increase at this time because

There has recently been a change to the credit line on this account

You'll soon receive a letter with important information about our decision in accordance with the Equal Credit Opportunity Act and Fair Credit Reporting Act.

Re: CAP1 Product change success

Brian_Earl_Spilner — Mon, 25 Jun 2018 15:37:15 GMT

The steps CLI is a CLI, so 6 months from then.