topic Re: Capital One Use required for Credit Steps? in Credit Cards

Capital One Use required for Credit Steps?

Creditaddict — Wed, 12 Feb 2014 23:26:08 GMT

I got my Sony Card with $750 and I can see in my documents that they are offering me a $500 CLI after 5 on time statements... I used it for $500 when I opened it and paid $300 and then $200 was taken off for the bonus and I don't really want to use it anymore but do I need to use it once a month to qualify for the $500 CLI (kind of like GE, no statement, no count!) LOL

I mean it isn't a big deal to put something on it so I guess better safe then sorry but wanted to just check if anyone else had experience.

Re: Capital One Use required for Credit Steps?

newmomnewme — Wed, 12 Feb 2014 23:31:35 GMT

*slowly raises hand* uh yes... I missed one of my steps because I didn't make a payment during one of the first 5 months...I hadn't used it that month. They gave me the $500 CLI at my 9th statement instead of 7th.

Re: Capital One Use required for Credit Steps?

newUser0 — Wed, 12 Feb 2014 23:32:10 GMT

@Creditaddict wrote:
I got my Sony Card with $750 and I can see in my documents that they are offering me a $500 CLI after 5 on time statements... I used it for $500 when I opened it and paid $300 and then $200 was taken off for the bonus and I don't really want to use it anymore but do I need to use it once a month to qualify for the $500 CLI (kind of like GE, no statement, no count!) LOL
I mean it isn't a big deal to put something on it so I guess better safe then sorry but wanted to just check if anyone else had experience.

This was a amazing bonus offer for $200. But, In you case, i would make some charge every month

Re: Capital One Use required for Credit Steps?

Creditaddict — Wed, 12 Feb 2014 23:33:56 GMT

@newUser0 wrote:
@Creditaddict wrote:
I got my Sony Card with $750 and I can see in my documents that they are offering me a $500 CLI after 5 on time statements... I used it for $500 when I opened it and paid $300 and then $200 was taken off for the bonus and I don't really want to use it anymore but do I need to use it once a month to qualify for the $500 CLI (kind of like GE, no statement, no count!) LOL
I mean it isn't a big deal to put something on it so I guess better safe then sorry but wanted to just check if anyone else had experience.
This was a amazing bonus offer for $200. But, In you case, i would make some charge every month

especially since they literally just 1 day wiped out my balance... I didn't have to trade in points or anything!!

Re: Capital One Use required for Credit Steps?

killer_queen229 — Wed, 12 Feb 2014 23:38:56 GMT

I used my card maybe like 4 times when I got it, then didn't use it for 2 months and got my increase from $500 to $1,5000.