topic Re: Capo 1 question in Credit Cards

Capo 1 question

Anonymous — Fri, 22 Feb 2008 12:03:40 GMT

got approved for a cap1 platium 0 af want to no if this is a credit steps card cl 300 and how to best maximize it?

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 14:19:40 GMT

Use it, pay it ontime-

maxima1 wrote:

got approved for a cap1 platium 0 af want to no if this is a credit steps card cl 300 and how to best maximize it?

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 14:41:05 GMT

Congrats on getting the card maxima! Timothy's totally correct. Use it, pay on time every time, and never go over the limit.

It will grow with you, over the next several years.

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 17:12:25 GMT

maxima1 wrote:
got approved for a cap1 platium 0 af want to no if this is a credit steps card cl 300 and how to best maximize it?

If you follow Timothy's and syl's advice above, you can expect a CLI to $500 on your fifth statement.

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 17:13:42 GMT

Sylviatob wrote:
It will grow with you, over the next several years.

Meh. Probably not.

It's a Cap1 card. Mine stopped growing with me after only five months.

I'm going to fire them soon, and the pink slip will say "Refusal to grow with cardholder."

Re: Capo 1 question

score_building — Fri, 22 Feb 2008 18:14:48 GMT

My cap 1 platinum went from 400 to 500 in the past 7 plus years of perfect payments and heavy usage. I may have to put in a bid to hire The Donald to "you're fired" them only figuratively -since it is my oldest cc tradeline i guess technically i need to continue to age it. it is interesting how these cards are so helpful initially and then as you improve they start to resemble life on a treadmill. oy veh. Bottom line: they still serve a very useful purpose but then it seems they just refuse to play along and grow with you.

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 18:22:30 GMT

@Anonymous wrote:

@Anonymous wrote:
It will grow with you, over the next several years.
Meh. Probably not.
It's a Cap1 card. Mine stopped growing with me after only five months.
I'm going to fire them soon, and the pink slip will say "Refusal to grow with cardholder."

Pffffttttt. I liked it better when you were agreeing with me

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 18:23:44 GMT

Sylviatob wrote:

Pffffttttt. I liked it better when you were agreeing with me

Gotta shake things up a little now and then.

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 18:24:51 GMT

LOL! You cutie!

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 18:57:52 GMT

It will grow with you! I started with $300 then bumped to $600 in a month, $1100 in three months, then I combined it with a $500 card that was bumped to $1000. Then combined it to $2100, then they bumped me to $2850, all in 6 months. I put $1400 on the card already this month and I'll PIF hopefully more bumpage!

Re: Capo 1 question

score_building — Fri, 22 Feb 2008 19:14:03 GMT

Nice and congrats!! Clearly it grows for some but not for a significant number of others. What confuses me is why they would want me to move on to other prime lenders who offered me high cl's and prime rates, when they could have so readily increased the revenue on my account with bumpage. I'm guessing there are several different tiers even within their starter card roster -mine being toward the bottom of the barrell, perhaps...

Message Edited by score_building on 02-22-2008 11:13 AM

Message Edited by score_building on 02-22-2008 11:14 AM

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 19:28:53 GMT

Carsalesmn wrote:
It will grow with you! I started with $300 then bumped to $600 in a month, $1100 in three months, then I combined it with a $500 card that was bumped to $1000. Then combined it to $2100, then they bumped me to $2850, all in 6 months. I put $1400 on the card already this month and I'll PIF hopefully more bumpage!

It all depends on which card type you get. The typical rebuilder card that participates in the "Credit Steps" program does not grow with you. You start with a $300 CL, then after three timely payments you get a CLI to $500. You may get occasional additional CLIs, but the CL will never go higher than $3K. Some of these cards will never go past $500. Ever.

You got a CLI from $300 to $600 in only a month, which makes me think your card may not have been one of these "Credit Steps" rebuilder cards. Even if it is one of those cards, your CL is still only $2850. If you get over $3K let us know, since that's the ceiling I'm referring to.

When I applied: 620ish. Total available credit $700. Cap1 CL: $300.

Today: 700ish. Total available credit around $24K. Cap1 CL: $500.

Still think they grow with you?

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 21:23:36 GMT

I did start with the credit steps card! The one with the little payment reminder stickers! I used the special CapOne phone number to get these increases. I used the card a lot and I think usage is key with CLI's. And I will let you know if I get over $3K!

Message Edited by Carsalesmn on 02-22-2008 01:23 PM

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 21:26:44 GMT

Carsalesmn wrote:
I did start with the credit steps card! The one with the little payment reminder stickers! I used the special CapOne phone number to get these increases. I used the card a lot and I think usage is key with CLI's. And I will let you know if I get over $3K!

Please do! If you get over $3K on a Credit Steps card that will be great to hear.

I do use my card a lot, BTW. I have the cashback card, so I use it as much as my piddly limit will allow. Still no luv for me.

Re: Capo 1 question

score_building — Fri, 22 Feb 2008 21:50:28 GMT

I use the card frequently and always pay on time (way early actually) i've tried the back door number to no avail- 3k! i've been stuck at 500 for more than five years while other prime issuers have basically courted me with prime offers and high cli's, cie la vie

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 21:59:14 GMT

I have this one. I did get my line doubled within a 2 month period (I have only had it 2 months) The csr I spoke with did tell me it had a ceiling of 3k and if I wanted higher, I'd have to apply for another card. (No thanks!)

CSR said they like to see alot of usage. I don't think they mean max it out and revolve a balance. I've used mine and paid off the charges as they posted. Not really big balances either.

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 22:01:39 GMT

stef37 wrote:
I have this one. I did get my line doubled within a 2 month period (I have only had it 2 months) The csr I spoke with did tell me it had a ceiling of 3k and if I wanted higher, I'd have to apply for another card. (No thanks!)

CSR said they like to see alot of usage. I don't think they mean max it out and revolve a balance. I've used mine and paid off the charges as they posted. Not really big balances either.

Me too. Charge $100, PIF, charge $150 or so, PIF, repeat. Never revolved a balance on this card.

They still hate me. I predict the feeling will be mutual soon.

Re: Capo 1 question

score_building — Fri, 22 Feb 2008 22:51:27 GMT

Wow double in two months! you must be on their preferred customer list or something, no?

Unless cap1 has morphed into amex i am not sure why a revolver who periodically pifs woudn't be welcomed w/ open arms. I tended to pif this card over 7+ years but then thought i should change it up and throw them some finance charges (revolving balances under 30%) since i got my apr down to around11% which didn't seem too too bad i figured what the hay, thought maybe they'd like me more then but nope.

Re: Capo 1 question

Anonymous — Fri, 22 Feb 2008 22:53:26 GMT

score_building wrote:
Wow double in two months! you must be on their preferred customer list or something, no?
Unless cap1 has morphed into amex i am not sure why a revolver who periodically pifs woudn't be welcomed w/ open arms. I tended to pif this card over 7+ years but then thought i should change it up and throw them some finance charges (revolving balances under 30%) since i got my apr down to around11% which didn't seem too too bad i figured what the hay, thought maybe they'd like me more then but nope.

Thank you for being the guinea pig then. That was going to be my next tactic. I thought maybe if I gave them some finance charge love they'd give me a little CLI love. After hearing your experience, I won't even waste my time (or money) trying that now.