topic Re: CapOne Credit Steps Question in Credit Cards

CapOne Credit Steps Question

godscountry — Wed, 04 Jun 2014 15:13:40 GMT

CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?

Re: CapOne Credit Steps Question

chalupaman — Wed, 04 Jun 2014 15:19:43 GMT

They told me over the phone that you can request an increase yourself at any time even if you're still in the program but I'm gonna wait until after they increase my limit to 750 to be safe.

Re: CapOne Credit Steps Question

ChargeItPlease — Wed, 04 Jun 2014 15:20:42 GMT

I had an initial limit of $300 on my Cap One QS1. Per the Credit Steps document, it was scheduled for a bump up to $500 at six months of on-time payments. Instead, I received a bump up to $1300. This took place last month.

Re: CapOne Credit Steps Question

godscountry — Wed, 04 Jun 2014 15:22:08 GMT

@ChargeItPlease wrote:
I had an initial limit of $300 on my Cap One QS1. Per the Credit Steps document, it was scheduled for a bump up to $500 at six months of on-time payments. Instead, I received a bump up to $1300. This took place last month.

congrats...thats what I want to hear!

Re: CapOne Credit Steps Question

-NewGuy- — Wed, 04 Jun 2014 15:22:10 GMT

@godscountry wrote:
CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?

My situation was similar to yours. I was at MAYBE 600 FICO when I got the card with a $500 limit. Used it, and got a bump to $750 at six months. Well at six months my FICO had increased quite a bit, but they still stuck to $750. My advice is to wait and see what happens at six months, and email the Executive Office if you don't get what you need. I have dealt with them once, and they were very polite and professional.

Re: CapOne Credit Steps Question

godscountry — Wed, 04 Jun 2014 15:23:11 GMT

@chalupaman wrote:
They told me over the phone that you can request an increase yourself at any time even if you're still in the program but I'm gonna wait until after they increase my limit to 750 to be safe.

I think that is what confused me....they told me the same thing at the same time telling me once I get the CLI I wouldnt be eligible again for another 6 months. Maybe I got something twisted?

Re: CapOne Credit Steps Question

chalupaman — Wed, 04 Jun 2014 15:23:54 GMT

@ChargeItPlease wrote:
I had an initial limit of $300 on my Cap One QS1. Per the Credit Steps document, it was scheduled for a bump up to $500 at six months of on-time payments. Instead, I received a bump up to $1300. This took place last month.

Congrats! Glad to hear that.

Re: CapOne Credit Steps Question

godscountry — Wed, 04 Jun 2014 15:25:08 GMT

@-NewGuy- wrote:
@godscountry wrote:
CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?
My situation was similar to yours. I was at MAYBE 600 FICO when I got the card with a $500 limit. Used it, and got a bump to $750 at six months. Well at six months my FICO had increased quite a bit, but they still stuck to $750. My advice is to wait and see what happens at six months, and email the Executive Office if you don't get what you need. I have dealt with them once, and they were very polite and professional.

yes, but see, I am trying to beat the Auto-CLI which they say will come on your 7th statement. I want to request on my 6th statement because they explained to me once I get the $250 bump I wouldnt be eligible for another increase for another 6 months...eventhough I wouldnt be in the credit steps any more.

Re: CapOne Credit Steps Question

ChargeItPlease — Wed, 04 Jun 2014 15:25:19 GMT

@godscountry wrote:
@ChargeItPlease wrote:
I had an initial limit of $300 on my Cap One QS1. Per the Credit Steps document, it was scheduled for a bump up to $500 at six months of on-time payments. Instead, I received a bump up to $1300. This took place last month.
congrats...thats what I want to hear!

Thanks.

I also used the card heavily and paid in full every month. I think you should be fine.

Re: CapOne Credit Steps Question

chalupaman — Wed, 04 Jun 2014 15:25:20 GMT

@godscountry wrote:
@chalupaman wrote:
They told me over the phone that you can request an increase yourself at any time even if you're still in the program but I'm gonna wait until after they increase my limit to 750 to be safe.
I think that is what confused me....they told me the same thing at the same time telling me once I get the CLI I wouldnt be eligible again for another 6 months. Maybe I got something twisted?

Yeah. Same rep also said that even if I were to apply for an increase right now it wouldn't affect whatever increase I'd get thru the program.

Re: CapOne Credit Steps Question

coldnmn — Wed, 04 Jun 2014 15:29:05 GMT

When I got mine it was $300 credit step at 7th statement to $500 at one year auto CLI to $2000. I had 5 lates and a paid tax lien at the time.

Re: CapOne Credit Steps Question

ambivalent — Wed, 04 Jun 2014 15:32:01 GMT

I have 2 cards through the CS program. The limits were $1,000 and $2,000. On my 6th statement for both I received $2,000 and $1,000 increases, respectively. So no, you are not limited to what your letter says. Mine also said I'd have access to an additional $500.

Re: CapOne Credit Steps Question

TRC_WA — Wed, 04 Jun 2014 15:40:22 GMT

@godscountry wrote:
@chalupaman wrote:
They told me over the phone that you can request an increase yourself at any time even if you're still in the program but I'm gonna wait until after they increase my limit to 750 to be safe.
I think that is what confused me....they told me the same thing at the same time telling me once I get the CLI I wouldnt be eligible again for another 6 months. Maybe I got something twisted?

Credit steps is a one time increase... After that you wait 6 months minimum for next increase is what they told me.

I was just denied an increase when my $1500 card hit 1 year old for not enough card usage. I guess charging $100 a month and PIF is a bad thing with CapOne. I've contacted them thru Facebook and am waiting on a call in the next 3-5 business days.

CapOne is a rebuild lender and the cards have served their purpose. If they don't bump up my $1500 and $750 cards I will just wait till they are both 2 years old (for optimal FICO scoring) and then close the accounts. They are already my low limit cards so I don't care. I can get BECU to bump my card up to make up for any CL lost with the CapOne closures.

@godscountry wrote:
@-NewGuy- wrote:
@godscountry wrote:
CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?
My situation was similar to yours. I was at MAYBE 600 FICO when I got the card with a $500 limit. Used it, and got a bump to $750 at six months. Well at six months my FICO had increased quite a bit, but they still stuck to $750. My advice is to wait and see what happens at six months, and email the Executive Office if you don't get what you need. I have dealt with them once, and they were very polite and professional.
yes, but see, I am trying to beat the Auto-CLI which they say will come on your 7th statement. I want to request on my 6th statement because they explained to me once I get the $250 bump I wouldnt be eligible for another increase for another 6 months...eventhough I wouldnt be in the credit steps any more.

Correct.

Re: CapOne Credit Steps Question

growing123 — Wed, 04 Jun 2014 16:55:56 GMT

@godscountry wrote:
CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?

I started with a cap1 platinum credit steps in Oct 2013 with $300. Six months later in Apr 2014, I log on to find my limit was $4300!! Just about fell out of my chair! lol It was only supposed to increase to $750, so that shows it's possible. The next day I asked to PC to the QS and they did.

I can see them doing something more for you than the $750 since you said your CR has improved so much. Good luck!

Re: CapOne Credit Steps Question

maiden_girl — Wed, 04 Jun 2014 16:56:09 GMT

Usually after 6 months you get a CLI bump to 750 and it stops.

Re: CapOne Credit Steps Question

tiffjtiffj — Wed, 04 Jun 2014 17:20:15 GMT

I surely hope so. I also have the QS1 with the $300 credit step to $500, while I'm only on my 3rd statement I'm PIF'ing on average $700 a month as $300 doesn't go far. I hope that the generosity that I've read on this site continues.

Re: CapOne Credit Steps Question

GoodCredBen — Wed, 04 Jun 2014 17:41:06 GMT

Cap 1 has gotten better in the last few years, they used to not even allow you to request a CLI or they would stop your Credit steps (i have a cap 1 credit steps card stuck right now at 500$ even though i have another cap 1 card at 3k LOL)

Re: CapOne Credit Steps Question

bk510 — Sat, 07 Jun 2014 01:20:02 GMT

@godscountry wrote:
CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?

My story on Cap1 cards......

opened platinum at 500 0n 12/12, then on 5/13 via credit step got bumped to 1500, sat there until last month when I sent email to EO asking for 4K, they countered with 500, so i'm at 2000 right now.

Opened Sony visa on 4/13 at 500, then on 9/13 went to 750, and then on 2/14 got bumped to 2250.....present.

minium spending, highest bal is 330.

Re: CapOne Credit Steps Question

bk510 — Sat, 07 Jun 2014 01:24:24 GMT

@prettylady wrote:
I have 2 cards through the CS program. The limits were $1,000 and $2,000. On my 6th statement for both I received $2,000 and $1,000 increases, respectively. So no, you are not limited to what your letter says. Mine also said I'd have access to an additional $500.

+1, I have seen people with 5750 limit on QS1......without any PC'ing or anything.

Re: CapOne Credit Steps Question

bk510 — Sat, 07 Jun 2014 01:28:04 GMT

@TRC_WA wrote:
@godscountry wrote:
@chalupaman wrote:
They told me over the phone that you can request an increase yourself at any time even if you're still in the program but I'm gonna wait until after they increase my limit to 750 to be safe.
I think that is what confused me....they told me the same thing at the same time telling me once I get the CLI I wouldnt be eligible again for another 6 months. Maybe I got something twisted?
Credit steps is a one time increase... After that you wait 6 months minimum for next increase is what they told me.

I was just denied an increase when my $1500 card hit 1 year old for not enough card usage. I guess charging $100 a month and PIF is a bad thing with CapOne. I've contacted them thru Facebook and am waiting on a call in the next 3-5 business days.

CapOne is a rebuild lender and the cards have served their purpose. If they don't bump up my $1500 and $750 cards I will just wait till they are both 2 years old (for optimal FICO scoring) and then close the accounts. They are already my low limit cards so I don't care. I can get BECU to bump my card up to make up for any CL lost with the CapOne closures.

@godscountry wrote:
@-NewGuy- wrote:
@godscountry wrote:
CapOne is no help in answering my questions...but anyway. I have a QSOne that will be coming up on 6 mo soon. It was $500 limit through Credit Steps. My credit has changed dramatically in the past 6 months as I have had all baddies to drop off. CapOne wouldnt answer my question when I asked if I am limited to $250 increase through credit steps. Honestly, that wont do me a bit of good as I will be going on app spree soon and will get better limits...also, I have followed the credit steps and used card heavily in addition to PIF. They say once you get your CLI you arent eligible for another for 6 months. Who here has had success getting a higher CLI than the pre-qual through the credit steps?
My situation was similar to yours. I was at MAYBE 600 FICO when I got the card with a $500 limit. Used it, and got a bump to $750 at six months. Well at six months my FICO had increased quite a bit, but they still stuck to $750. My advice is to wait and see what happens at six months, and email the Executive Office if you don't get what you need. I have dealt with them once, and they were very polite and professional.
yes, but see, I am trying to beat the Auto-CLI which they say will come on your 7th statement. I want to request on my 6th statement because they explained to me once I get the $250 bump I wouldnt be eligible for another increase for another 6 months...eventhough I wouldnt be in the credit steps any more.
Correct.

Cap1 call the shots not you and I or anybody else for that matter.

we are basically at their mercy........at least until our profile improves. imo