topic Re: Cap One - Upgrade or wait... in Credit Cards

Cap One - Upgrade or wait...

Anonymous — Thu, 26 Apr 2018 21:47:45 GMT

Background... Cap One Platinum SL$3000 & No AF. Balance $550. Opened 12/2017 and have made 3 payments. Don't know much abouts the steps Cap One thing... Afraid to request a CLI now. Would that impact the steps program?

What about an upgrade? Offers are QS, same CL, and no AF, adds 1.5% cashback - or Venture One, same CL, no AF, and 1.25 miles per dollar.

Should I leave it alone and let it mature through the steps for an auto CLI before making any changes???

Thanks

Re: Cap One - Upgrade or wait...

Anonymous — Thu, 26 Apr 2018 22:11:29 GMT

It doesn’t seem like you are in the steps program if your sl was 3000. I would pc it to whichever one you like the rewards from. But you should be able to ask for a cli it doesn’t hurt you if declined.

Re: Cap One - Upgrade or wait...

Anonymous — Thu, 26 Apr 2018 22:16:06 GMT

Definitely got the "you'll get a credit line increase after 5 payments" notice with the card (mail preapproval) last year... Is that the steps program I have read about?

Re: Cap One - Upgrade or wait...

Anonymous — Thu, 26 Apr 2018 22:22:06 GMT

I think that they just give you cli at 5 months. I got the platinum with I believe a 2000 sl and the same 5 month cli but hit the luv button I think at 3 months and got 300 and then an auto increase at month 5 for 1000. Then checked the pc page and PC’d to the QS. But from what I read on these forums you should go for the cli before product changing a card

Re: Cap One - Upgrade or wait...

Brian_Earl_Spilner — Thu, 26 Apr 2018 22:41:29 GMT

It doesn't matter if you CLI before or after. Also, unless you plan to use hotels.com to book your hotels, there's no reason to own a VentureOne card. Cash reward when redeeming is equivalent is 1.25% if used for travel, like 0.85% for a gift card, or 0.625% for anything else. If you use hotels.com, that's 10%. Versus the Quicksilver's 1.5% flat.

Re: Cap One - Upgrade or wait...

The-Credit-Disciple — Thu, 26 Jul 2018 22:37:21 GMT

Great afternoon!! I was Talking to a Cap 1 rep yesterday. I was trying to upgrade my QS1 to QS, he told me to call back in January 2019 since I already paid the $39 annual fee when I got the card Feb 18. he said it would be an easy upgrade, just keep paying off your card every month like you have been already doing. I can't wait to upgrade. this Credit stuff is awesome

Re: Cap One - Upgrade or wait...

Anonymous — Fri, 27 Jul 2018 01:10:21 GMT

I would request a cli now before credit steps auto increase is applied. Once the auto increase is applied by credit steps, you cannot get a cli for 6 months.
I am also in the credit steps program. I requested a cli last night and was approved and my credit steps will be complete on august 2nd of this year