topic Re: Capital One Credit Steps Program in Credit Cards

Capital One Credit Steps Program

dddewdrop — Sun, 24 Feb 2013 18:52:35 GMT

I got a Capital One card a month ago and just got an offer to do their credit steps program. i just have to be on time paying for 6 months and I get my credit limit raise to 750. Awesome:

Welcome to Capital One!®Your Welcome Kit informed you of your initial credit limit, but as a Capital One Preferred
cardholder, you have been pre-qualified for a $750 credit line with Capital One CreditStepsSM. This is an automatic
service for new customers and an easy way to achieve more buying power.Simply follow these two steps:
1. Use your card at least once.
2. Make your first 5 monthly payments on time.
That's it. Just complete these two steps and you could automatically get access to your pre-qualified credit line of $750 by
your 7
th statement. That's how easy it is to get the extra power you need to fill up your gas tank, buy groceries, dine out...
or just treat yourself!
CreditSteps is another No Hassle way to take control of your financial future. If you have any questions about your
account, please call Customer Service anytime at 1-800-955-7070 or visit us online at www.capitalone.com.
Sincerely,
xxxxxxxxxxx
Director of Accounts
P.S. Just remember, all it takes is two simple steps to receive a total pre-qualified credit line of $750. Get started today!

Re: Capital One Credit Steps Program

LS2982 — Sun, 24 Feb 2013 18:59:21 GMT

Did you have a question about it?

Re: Capital One Credit Steps Program

jsucool76 — Sun, 24 Feb 2013 20:07:26 GMT

They offer this on all their low tier cards. Brought me from 3000 to 3500 and now I'm stuck like everyone else :-)

Re: Capital One Credit Steps Program

LS2982 — Sun, 24 Feb 2013 20:08:04 GMT

@jsucool76 wrote:
They offer this on all their low tier cards. Brought me from 3000 to 3500 and now I'm stuck like everyone else :-)

Have you tried the EO before about it??

Re: Capital One Credit Steps Program

jsucool76 — Sun, 24 Feb 2013 20:10:29 GMT

My account is only 7 (almost 8) months old, just got my credit steps CLI. I'll probably hit them up at 10 months or a year. They're currently my highest limit. Cap1 has been great to me. I have another offer on my account to upgrade to a venture card which I'm going to take after I get my annual bonus.

Re: Capital One Credit Steps Program

myjourney — Sun, 24 Feb 2013 20:12:43 GMT

Both of my accounts were 6 months old and i went the EO route both were doubled FYI

Re: Capital One Credit Steps Program

LS2982 — Sun, 24 Feb 2013 20:13:17 GMT

@jsucool76 wrote:
My account is only 7 (almost 8) months old, just got my credit steps CLI. I'll probably hit them up at 10 months or a year. They're currently my highest limit. Cap1 has been great to me. I have another offer on my account to upgrade to a venture card which I'm going to take after I get my annual bonus.

You got a monkey button offer?!?!?!?!???

Re: Capital One Credit Steps Program

jsucool76 — Sun, 24 Feb 2013 21:10:17 GMT

No i was in "chat now" and they offered to upgrade me to the 2% venture card and let me keep my accounts lifetime AF waiver. So once I get my annual bonus im gonna get that and it will upgrade me to a world mastercard.
And myjourney what was your limit when they doubled? My starting limit was 3k.i doubt cap1 is going to give me a 7k limit as a college student and double me.

Re: Capital One Credit Steps Program

myjourney — Sun, 24 Feb 2013 21:13:21 GMT

$1500 both and i've seen stories of them doing 3X CLI's so you wont know till you try

Re: Capital One Credit Steps Program

myjourney — Sun, 24 Feb 2013 21:22:09 GMT

I had the credit step program

1 card was CLI after 3 statements the other 5

So if you really look at it on 1 card got a CLI @ 4 & 6 month

the other card @ 5 & 6 month

You have nothing to loose but the attempt Hope this helps

Re: Capital One Credit Steps Program

LS2982 — Sun, 24 Feb 2013 21:35:23 GMT

@jsucool76 wrote:
My account is only 7 (almost 8) months old, just got my credit steps CLI. I'll probably hit them up at 10 months or a year. They're currently my highest limit. Cap1 has been great to me. I have another offer on my account to upgrade to a venture card which I'm going to take after I get my annual bonus.

Like other posters are saying give them a call!!! Fingers crossed for ya!

Re: Capital One Credit Steps Program

Anonymous — Sun, 24 Feb 2013 21:47:00 GMT

+1 fro the exec office route.

I think if you hit up the exec office right at the 6 month mark, you can do better than the 250 auto CLI.

Just keep the util low and have a nice pretty picture for them to look at when you go the exec office route.

Re: Capital One Credit Steps Program

jsucool76 — Mon, 25 Feb 2013 01:30:03 GMT

Sorry to hijack your thread OP. Ill try at the end of the week when I'm done with midterms.

Thanks for the advice all.

And @LS:i just didnt want to be the person we used to describe in the EO thread; calling/emailing the EO after only having my account a short time.

Re: Capital One Credit Steps Program

LS2982 — Mon, 25 Feb 2013 01:32:38 GMT

@jsucool76 wrote:
Sorry to hijack your thread OP. Ill try at the end of the week when I'm done with midterms.

Thanks for the advice all.

@Anonymous @Anonymous:i just didnt want to be the person we used to describe in the EO thread; calling/emailing the EO after only having my account a short time.

I understand, but if it benefits you and its not illegal why not go for it.

Re: Capital One Credit Steps Program

jsucool76 — Mon, 25 Feb 2013 02:54:44 GMT

True. I'll get to it. I'll be one of those few people who has a cap1 @ 4x the limit of their other cards. XD

Re: Capital One Credit Steps Program

dddewdrop — Mon, 25 Feb 2013 21:12:34 GMT

@Anonymous wrote:
+1 fro the exec office route.

I think if you hit up the exec office right at the 6 month mark, you can do better than the 250 auto CLI.

Just keep the util low and have a nice pretty picture for them to look at when you go the exec office route.

So do they look at historical util% when deciding? Cause it seems to make sense to me that if I were using my card a lot every month say approaching the CL and then either paying in full or paying most of it every month so the balance went back to 0 again then I could come to them a "need" a CLI more than if I just hardly used it and kept util% at say like 8% all the time. I hear mixed things about Capital One. It seems there is one camp that says Capital One is a great tool to pull yourself out of bad credit but not the place to be longterm for CLIs and to add a "prime" card as soon as your credit improves enough to get one. The other school seems to believe that Capital One is no different than anyone else and can be worked for nice CLIs no problem. My credit goal is to rebuild my credit long term not just the score but my reports as a whole. I don't anticipate needing a lot of credit in absolute dollar terms. In fact I am a strong believer in living below my means and have only gotten credit cards as a means of improving my credit. I figure I don't need credit now but someday I might and I feel like improving my credit will improve my self esteem which I am told is a little lacking. I'm in a 12 step program for addiction and part of my recovery is to get honest about any debt and stay that way in the future. Some people knock 12 step programs but they have given me a path to become a better person and that path has led me here to improving my credit score.

I guess my point is that I don't really feel I need to be really aggressive at increasing my CLs. I am more focussed and aggressive at trying to get baddies taken care of. Thank you to everyone who has responded to this thread however. I have learned a lot. I thought before reading all these responses that Capital One basically gave people this one bump in CL only if they were signed up for the Credit Steps Program as part of soime limited time promotion for their cards. I figured since I hadn't heard anything about this promotion when I applied that I had somehow missed the boat on it. So I was verey excited to get the letter explaining the program and am even more excited to hear about so many people's success on here at getting their CL increased even more. That is awesome.

Re: Capital One Credit Steps Program

p- — Mon, 25 Feb 2013 21:16:00 GMT

I did C1 platinum credit steps, and got my increase from 3k to 3500. I used the card a lot, but paid in full every month. After 12 months, I contacted the EO and was product changed to Green Cash with 1.5% rewards, and given a 10k limit. they also dropped the AF for my Orchard card.

I got the idea from the exec office threads here, and then wrote some steps out for what worked for me in another thread. You can find those steps by clicking the green card in my sig.

Re: Capital One Credit Steps Program

dddewdrop — Mon, 25 Feb 2013 21:27:21 GMT

@p- wrote:
I did C1 platinum credit steps, and got my increase from 3k to 3500. I used the card a lot, but paid in full every month. After 12 months, I contacted the EO and was product changed to Green Cash with 1.5% rewards, and given a 10k limit. they also dropped the AF for my Orchard card.

I got the idea from the exec office threads here, and then wrote some steps out for what worked for me in another thread. You can find those steps by clicking the green card in my sig.

Thanka P. I enjoy reading about your credit journey and that is the way I got involved with this site initially.(and got my cards on my sig file)

Re: Capital One Credit Steps Program

p- — Mon, 25 Feb 2013 22:36:31 GMT

@dddewdrop wrote: I enjoy reading about your credit journey and that is the way I got involved with this site initially.(and got my cards on my sig file)

Thanks -

Re: Capital One Credit Steps Program

kimmiller112 — Mon, 25 Feb 2013 22:43:21 GMT

My Capital One was a credit steps card and went from $1000 to $1500. A year later, I emailed the EO and asked for $5000 and got it. I didn't think I would get more than three times what the credit limit was at the time, but I did. They did, in the conversation, ask if I would be willing to accept a lower amount if they couldn't approve the whole amount.