topic Re: Capital One--Cap 1--Credit Steps in Credit Cards

Capital One--Cap 1--Credit Steps

Anonymous — Wed, 06 May 2009 14:28:33 GMT

I've had the Cap 1 card since Jan 09 with a $200 limit. After EXACTLY the 4th statement TODAY, got a $550 CLI to $750 credit line. I used it every month to $50, then went home and PIF.

I guess this is the "Credit Steps" program 'cuz I called last week on the 1st to ask for a CLI, and no dice.

Re: Capital One--Cap 1--Credit Steps

Anonymous — Wed, 06 May 2009 16:01:18 GMT

Congrats on the CLI.

Re: Capital One--Cap 1--Credit Steps

ralbusta — Wed, 06 May 2009 17:11:08 GMT

Congrats, you will probably get another on the 7th statement. I just got one yesterday from 1k to 1.5k

Just keep up what your doing!

Re: Capital One--Cap 1--Credit Steps

Anonymous — Wed, 06 May 2009 17:20:13 GMT

They make credit building look easy!

Re: Capital One--Cap 1--Credit Steps

Anonymous — Wed, 06 May 2009 17:26:39 GMT

Has anyone ever got another "step" after the one at 7months?

Mine went from $500 to $1000 and now is at $1500 - unfortunately I wasn't posting here at the time to know that I should call inbetween to ask for additional limit increases! If there are no more autosteps at what stage should I call them and ask for a CLI? How many months after last increase I mean?

Re: Capital One--Cap 1--Credit Steps

MizzB — Thu, 07 May 2009 00:20:14 GMT

Question: how does Cap 1'st credit steps program work? Is it automatic on all accounts or just certain accounts in a particular program. I wonder b/c I've never gotten automatic increases. Only increases when I've called in and requested them. Wondering if this is a program I can somehow get in, if it is not automatic.

Re: Capital One--Cap 1--Credit Steps

Anonymous — Thu, 07 May 2009 00:24:39 GMT

I have 2 cards in the credit steps program. Both started at $500 and I received a letter stating I would receive a $500 increase after 3 months and another $500 increase after 6 months as long as payments were made on time and I used the card at least once. The first just hit the $1500 mark and 2nd just hit the $1000 mark. I didn't do anything, they just offered this after I received the card. One I applied for in Oct and the other in January.

Re: Capital One--Cap 1--Credit Steps

Anonymous — Thu, 07 May 2009 00:27:00 GMT

@MizzB wrote:
Question: how does Cap 1'st credit steps program work? Is it automatic on all accounts or just certain accounts in a particular program. I wonder b/c I've never gotten automatic increases. Only increases when I've called in and requested them. Wondering if this is a program I can somehow get in, if it is not automatic.

Credit steps program is invite only you can't enroll in it.

Re: Capital One--Cap 1--Credit Steps

MizzB — Thu, 07 May 2009 00:32:22 GMT

@Anonymous wrote:
@MizzB wrote:
Question: how does Cap 1'st credit steps program work? Is it automatic on all accounts or just certain accounts in a particular program. I wonder b/c I've never gotten automatic increases. Only increases when I've called in and requested them. Wondering if this is a program I can somehow get in, if it is not automatic.

Credit steps program is invite only you can't enroll in it.

Thanks

Re: Capital One--Cap 1--Credit Steps

Anonymous — Thu, 07 May 2009 00:33:51 GMT

@Anonymous wrote:
Has anyone ever got another "step" after the one at 7months?

Mine went from $500 to $1000 and now is at $1500 - unfortunately I wasn't posting here at the time to know that I should call inbetween to ask for additional limit increases! If there are no more autosteps at what stage should I call them and ask for a CLI? How many months after last increase I mean?

I would say 6 months after your last increase. Good luck due to the economy most banks now are really stingy with CLI.

Re: Capital One--Cap 1--Credit Steps

Anonymous — Thu, 07 May 2009 06:05:16 GMT

I started with $300 CL in April 2008 and I am now at a $3,350 CL.

I had a CLI and a credit steps increase on my first card. I got a 2nd card, combined both cards, got a CLI plus two credit step increases. Not bad in just 13 months..