topic Re: 2 more statements for Cap One CLI! in Credit Cards

2 more statements for Cap One CLI!

Anonymous — Sun, 17 Jun 2012 19:47:53 GMT

Gardening is soooo difficult, but I have my first CLI coming up in another 2 billing statements. You gotta love Cap One Steps Program, my Platinum will go up to $500 from $300 and my Sony Cap One will go to $750 from $500. Hopefully this will help my credit score which as of recent AMEX Credit Pull 627 all across the board.

Walmart FICO from 609 to 619 few days ago.

Re: 2 more statements for Cap One CLI!

Anonymous — Sun, 17 Jun 2012 20:12:03 GMT

A cli doesn't increase your score if it doesn't reduce your util.

Re: 2 more statements for Cap One CLI!

Anonymous — Sun, 17 Jun 2012 20:21:56 GMT

my util. is under 20% right now, the increases would put me under 10% most likely, that would increase the score right?

Re: 2 more statements for Cap One CLI!

SwiftTone — Sun, 17 Jun 2012 21:15:43 GMT

@Anonymous wrote:
my util. is under 20% right now, the increases would put me under 10% most likely, that would increase the score right?

Yes, you will see an increase. I'd guess 10-15 points in FICO.

Regarding future CLI onthese 2 accounds, unfortunately, this will likely be your first and last CLI. Capital One is notorious for doing this. If you want higher limits, IMO it's best to garden these acounts for a year to build up your score then apply for somehing that will grow with you so you don't get stuck with toy limits.

Re: 2 more statements for Cap One CLI!

Anonymous — Sun, 17 Jun 2012 21:23:13 GMT

I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

Re: 2 more statements for Cap One CLI!

Anonymous — Sun, 17 Jun 2012 21:25:51 GMT

@Anonymous wrote:
I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

I believe so, you just have to ask the rep, my platinum card they told me right away about it, but the SONY Cap One I called and asked about the program. 5 statements on time and on the 7th statement you get an increase in your limit.

Re: 2 more statements for Cap One CLI!

Anonymous — Sun, 17 Jun 2012 21:37:34 GMT

Congrats!

@Anonymous wrote:
@Anonymous wrote:
I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?
I believe so, you just have to ask the rep, my platinum card they told me right away about it, but the SONY Cap One I called and asked about the program. 5 statements on time and on the 7th statement you get an increase in your limit.

Congrats

Re: 2 more statements for Cap One CLI!

Jlu — Sun, 17 Jun 2012 22:55:46 GMT

Like those before me said this will probably be your first and last CLI with Capital One. I've had their credit steps platinum card for 14 months in A+ PIF standing and my score has gone up 100 points and they still won't approve me for a CLI. I've called the backdoor number and spoke to a few senior account reps and even they use the computer generated decision that you can call the regular number to get.

The bogus thing that happened to me is that I set up an automated ACH payment to pay my bill online using their website.. so I entered an incorrect account number by mistake but somehow the system took it as being valid and even posted the payment I made with it to my account. A few days later the ACH was automatically reversed, thankfully it didn't make me late since this was just one of the many payments I make over the course of the month to keep utilization low. However now when I ask for a CLI the system denies me due to 'One or more of my Capital One accounts have had a returned check.' Complete bull**bleep** and if it wasn't for AAoA I would cancel this card. I think they know most people are afraid to cancel due to these credit step cards being most peoples oldest account so they keep you at a low CL and collect their annual fee.

Overall though my experience with Capital One has been good and they were willing to extend me unsecured credit at reasonable rates/fees when nobody else would. Just pray that you never have an issue that can't be solved by an indian lady reading a script.

Re: 2 more statements for Cap One CLI!

Anonymous — Tue, 19 Jun 2012 06:41:59 GMT

@Anonymous wrote:
I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

yeah just for their unsecured subprime cards. low limits though

Re: 2 more statements for Cap One CLI!

Anonymous — Tue, 19 Jun 2012 07:28:42 GMT

The "Platinum" won't grow much after that, shame they call it that...should be against policy. I got mine in feb, will get increase soon; but only reason why i'm keeping it is so my account age doesn't get jacked up yet. I recently had lots of baddies drop off too, now i have a visa signature (5k) and rewards (7.5k).. Having just one more credit card should help your score, after that they really don't do much. GL, ur be high 600's soon!

Re: 2 more statements for Cap One CLI!

2NE1 — Tue, 19 Jun 2012 17:55:51 GMT

I just got my CLI this past weekend! I opened mine in January, limit is now $750. I'm gonna garden for another six months till I apply for a better card!

Re: 2 more statements for Cap One CLI!

Anonymous — Tue, 19 Jun 2012 18:30:04 GMT

I've had my Cap1 Platinum since October '09 and paid 5 consecutive months already and I've yet to see them increasing my limit. I'm still at $3000. July will be 8th or 9th months.

Re: 2 more statements for Cap One CLI!

2NE1 — Tue, 19 Jun 2012 22:56:32 GMT

@Anonymous wrote:
I've had my Cap1 Platinum since October '09 and paid 5 consecutive months already and I've yet to see them increasing my limit. I'm still at $3000. July will be 8th or 9th months.

Did yours started unsecured? if so, what was your original CL? $3K on a CapOne is nice, but I'm assuming you pay an AF?

Re: 2 more statements for Cap One CLI!

traveler2005 — Tue, 19 Jun 2012 23:20:37 GMT

Hi all I am also waiting for my Sony Capital One steps increase from 750 to 1250. I am excited because then I will close another one of my lower limit cards. Funny thing about the steps program. I have two other cap cards that started out at 300 and moved up to 500, then no increase since. My DH got a capital one card with 500, 5 months later increased to 750, also in steps program, thought it was done when he got the cap 1 letter congratulating him for another 1000 dollar increase making his credit line 1750. With cap 1 you just never know!!! LOL

Re: 2 more statements for Cap One CLI!

Anonymous — Wed, 20 Jun 2012 00:33:07 GMT

@traveler2005 wrote:
Hi all I am also waiting for my Sony Capital One steps increase from 750 to 1250. I am excited because then I will close another one of my lower limit cards. Funny thing about the steps program. I have two other cap cards that started out at 300 and moved up to 500, then no increase since. My DH got a capital one card with 500, 5 months later increased to 750, also in steps program, thought it was done when he got the cap 1 letter congratulating him for another 1000 dollar increase making his credit line 1750. With cap 1 you just never know!!! LOL

I hope so! so far I've had nothing, but good experience with Cap One. Great customer service, we will see though, I will make sure to keep everyone posted about this. I am more likely to see increase on my Walmart Card though, I keep hearing GE CApital has a thing for 4th statement CLI...

Re: 2 more statements for Cap One CLI!

TeeandDee — Wed, 20 Jun 2012 00:41:06 GMT

I'm due for my Credit Steps CLI too! I got this card in January and my 5th statement cut on the 17th. My Credit Steps letter said I should be incresed to $750 by my 7th statement. Hope it's sooner than that..guess I'll find out.

Re: 2 more statements for Cap One CLI!

Anonymous — Wed, 20 Jun 2012 00:42:31 GMT

@TeeandDee wrote:
I'm due for my Credit Steps CLI too! I got this card in January and my 5th statement cut on the 17th. My Credit Steps letter said I should be incresed to $750 by my 7th statement. Hope it's sooner than that..guess I'll find out.

Credit Steps CLI is the only one thats guaranteed if you follow those steps. Wish they had step 2 after this, another $500 increase in another 5 statements or something.

Re: 2 more statements for Cap One CLI!

TeeandDee — Wed, 20 Jun 2012 00:48:12 GMT

@Anonymous wrote:
@TeeandDee wrote:
I'm due for my Credit Steps CLI too! I got this card in January and my 5th statement cut on the 17th. My Credit Steps letter said I should be incresed to $750 by my 7th statement. Hope it's sooner than that..guess I'll find out.

Credit Steps CLI is the only one thats guaranteed if you follow those steps. Wish they had step 2 after this, another $500 increase in another 5 statements or something.

Yeah, that would be nice if they did.....

Re: 2 more statements for Cap One CLI!

Anonymous — Wed, 20 Jun 2012 04:57:19 GMT

it's unsecured and that is the limit I started out with. APR is 14.99% (my lowest of any card) and no interest til Jan 2013. Their letter said my fico was 653. There's no AF on it.