topic Re: Cap 1....Credit Steps??? in Credit Cards

Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 17:25:33 GMT

Hi Everyone!

I have 2 Cap 1 cards...When I got the cards they said that with 3 consective payments they would increase my inital limits from $500 to $750. So my 3rd payment was about 2 days... I know.. impatient...So my question is how long before they increase my limit?

Since its supposed to be automatic should I wait or call the back door #. I kinda want to save the backdoor # when they start to stall on the credit increases...

Also is the credit steps program a one time deal?

Thanks FICO friends for any info that would help....

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 17:29:27 GMT

If you read the fine print, I think the increase comes after the 5 statement.

Re: Cap 1....Credit Steps???

unknown_entity — Thu, 17 Apr 2008 17:35:18 GMT

Call them at the backdoor number NOW and they will give you a CLI, then you will STILL get the Auto-CLI on top of that when it hits the system. You'll end up with more that way. I did it and it worked.

1-877-513-9959

Message Edited by unknown_entity on 04-17-2008 01:35 PM

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 17:41:03 GMT

Thank you unknown_entity!! This is perfect, I am going to give them a call...crossing my fingers..

Re: Cap 1....Credit Steps???

unknown_entity — Thu, 17 Apr 2008 17:50:54 GMT

It should work as long as the third payment has hit your statement page. They will probably give you a 500 CLI and another 500-750 when the Auto hits.

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:02:52 GMT

Had my cap1 since jan.. I asked for a cli by email and got a phone call .. I think she said 1500.00 ( Dang)

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:06:05 GMT

IT WORKED!!! WHOO HOOO!!!

They increased my balance from $500 to $1000...thank you unknown...

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:10:23 GMT

Super congrats Jazzy! Sweet! That'll sure help with the utils.

Re: Cap 1....Credit Steps???

unknown_entity — Thu, 17 Apr 2008 18:10:24 GMT

Now when the Auto CLI hits in the system you will get an Extra 500-750. You are very welcome!! Glad it worked for you too!! The program they use that gives the credit steps auto-CLI issues the CLI amount according to your present CL. Now that it is 1000, you'll probably get a 750 CLI when it updates.

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:19:40 GMT

Who would of thought I get so excited about a credit increase just 2 years ago I couldn't get anyone to give me credit. Its a great feeling when you re-building your credit and seeing it improve. You get to see all your hardwork payoff.

Thanks to all of you for the support, advice, and the tricks of the credit trade My next goal is to enter the the land of 700's...whoo hoo can't wait!

You guys have a good one!!

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:20:56 GMT

Thanks Sylvia!!!

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:31:05 GMT

Good going Jazzy! I've only made one payment so far but decided to call and try. They told me they didn't have anything to offer me right now. I think I'll try and make 2 more charges and payments quick! She did tell me that have sent a bunch of new offer letters out and that I should keep an eye open for them.

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 18:35:43 GMT

Congrats Jazzy WTG!!!

I have a question for you...

You said that you have 2 Cap cards?

How long in between apps did you apply?

Re: Cap 1....Credit Steps???

RAISEUP — Thu, 17 Apr 2008 18:49:36 GMT

thats good news! keep it up buddy

Re: Cap 1....Credit Steps???

Anonymous — Thu, 17 Apr 2008 19:25:55 GMT

Hi Ash4557,

Its kind of ironic how I got the 2 cards..I applied back in 12/07 from the offers they were mailing to my home. I was trying to get the one with the best 0% APR for a certain amount of time w/ no annual fee. So at first I called in my request and then the automatic line said I would hear something within 7-10 business. Then the next day I was a little impatient and used another pre-screened offer but this time applied on-line and was instantly approved.

So then about a few days later received 2 cards. I thought they made a mistake but when I called to confirm they said nope I have 2 cards w/ $500 limits. I asked if I could combined them but the guy said no. So I just decided to keep them both. The no annual fees and 0% intrest for a certain time period was what kept me reeled in..

I know lots of folks have had bad experiences with them..but I'm trying to stay postive and make on time payments with them and hopefully either I will have maxed the credit line for my cards or they will upgrade me to a visa card...will see....

Re: Cap 1....Credit Steps???

Anonymous — Fri, 18 Apr 2008 18:03:04 GMT

No can do...I called the back door and told her my 3rd statement just closed. She said your account is still new and there is no cli available yet. As far as the steps, she said you have to wait for the 4th or 5th statement.

Re: Cap 1....Credit Steps???

unknown_entity — Fri, 18 Apr 2008 18:12:14 GMT

ash4557 wrote:
No can do...I called the back door and told her my 3rd statement just closed. She said your account is still new and there is no cli available yet. As far as the steps, she said you have to wait for the 4th or 5th statement.

When your 3rd payment posts, their system will make the CLI available then.

Re: Cap 1....Credit Steps???

Anonymous — Fri, 18 Apr 2008 18:32:52 GMT

??? My payment was due on the 11th/Apr so it already posted in their system...

Also a new statement has beeen generated as well!

Re: Cap 1....Credit Steps???

Anonymous — Sat, 19 Apr 2008 05:35:54 GMT

I have had my cap one card close to 4 months.. I had a cl of 500.. When I opened it .. I ran it up to 303.00 then I paid 50.00 a week on it ( thats right .. ) I got it down to about 30.00 then went to 200.00 and paid it down again to 30.00.. I have made 10 payments in 4 month.. Wow Am I over trying here..

But still got the bump to 1200 and got another offer thru email to get there cap one visa pre approved.. Doesn't mention CL though

Re: Cap 1....Credit Steps???

Jesedmotherof5 — Sat, 19 Apr 2008 17:33:52 GMT

I got the 1500 bump after the forth statement hit... automatically.. When should I call to get another CLI. Its already my highest card. I make 3-4 payments amonth since after christmas... My balance now is 390.00