topic Re: With Capital One am I in a "starter bucket" if I am enrolled in "credit steps&quo in Credit Cards

With Capital One am I in a "starter bucket" if I am enrolled in "credit steps"?

Anonymous — Thu, 31 Oct 2019 20:46:07 GMT

Hey everyone, had a question and have been searching for an answer here with no luck so I decided to ask a specific question.

Backstory - Opened a Cap1 Platinum in aug 2018 with a starter limit of $300 and was auto enrolled in credit steps. (had scores of 650-700 but no actualy credit history). After finding this board and about 4 months into the card with heavy spending and pif I hit the luv button and received the $100 cli, and then pc'd to the Quicksilver. Then after 2 more months received another $100 bringing it up to $500. After another 5 months of heavy spending and pif I totally forgot about cli's. (my work keeps my mind on my work more than anything) Anyway, I logged into the app and saw that my new limit was $1500.

Now to today, I received an in app notification that because I was a valued customer I was being rewarded with a preapproval for the Savorone card. I app'd and received a $750 sl with credit steps to get to $1250 after 5 months.

1. Does this mean that I am still in the starter bucket/bad bucket? 2. If you are auto enrolled in "credit steps" does that mean you are definitely in a bad bucket?

Re: With Capital One am I in a "starter bucket" if I am enrolled in "credit steps&quo

Anonymous — Thu, 31 Oct 2019 21:08:35 GMT

99% of CS cards are in a bucket.

The S1 approval is a 50/50 shot at growing beyond the CS period.

You really don't find out if they'll grow until you've had them a couple of years and hit the CLI button every 6 months.

Re: With Capital One am I in a "starter bucket" if I am enrolled in "credit steps&quo

I_Love_Cards — Thu, 31 Oct 2019 21:22:58 GMT

Both of my Capital One cards were in credit steps. One started at $2000 (now at $5500), one started at $3000 (now at $4000). I don’t think they are in a “bad” bucket.

You won’t really know if you’re in a bad bucket until you’ve got a remarkably improved profile from when the card was issued, and you’ve been putting significant use (and payments) on the card for several consecutive months and you’re denied a CLI (several times).

You’re quite a long tine from knowing one way or another. Just use the cards, pay the cards, get your credit steps then you can request CLI every 6 months after that.

Re: With Capital One am I in a "starter bucket" if I am enrolled in "credit steps&

HeavenOhio — Fri, 01 Nov 2019 15:49:09 GMT

People who are really truly stuck in a starter bucket never seem to see a 1k limit. If your limit breaks the 1k mark, I think you have a reasonable chance of growing the card.

As mentioned above, the only way to know for sure is to request CLIs and see where that takes you.

Re: With Capital One am I in a "starter bucket" if I am enrolled in "credit steps&

Anonymous — Fri, 01 Nov 2019 22:20:53 GMT

Thanks guys for all of the replys!!

Yeah ive seen a bunch of ppl on other boards say they dont see any cl growth but many of them also dont seem to really put much spending on the cards either so...

Im not overly desiring a huge credit limit but it seems like it would be a great saftey blanket and definitely builds momentum to make a bigger purchase down the line. (property, gear for work)

Re: With Capital One am I in a "starter bucket" if I am enrolled in "credit steps&

Anonymous — Fri, 01 Nov 2019 22:24:38 GMT

Thanks Obscure, thats what I figured. Ive only read of lower credit profiles getting CS, maybe higher limits are in the program too but it just goes unmentioned since they have a high enough cl to start off with.