topic Re: Capital One Steps Program in Credit Cards

Capital One Steps Program

Broke_Triathlete — Thu, 14 Aug 2014 14:11:37 GMT

I've read stories on here that people have had significant steps CLI's by spending a ton and paying off a few times a month, and that's what I've been doing. I've had my cards for 3 weeks now and ran so far $4K through them and currently have a $50 balance on the rewards card. In fact I still haven't received my first statement for either card as of today.

So today I receive an email from Cap 1 explaining the CLI through the steps and that my cards will go from $3K to $3.5K through the steps. Are you guys finding that is all you're getting? I'd ideally like to be up in the $4.5-$5K after the increase so then in the next 6 months I could PC to their better cards.

So I guess what I'm asking is this:

1) What was your starting limit?

2) What was your spending habits per month on the card(s)?

3) What was your steps increase?

4) If it was unsatisfactory for you, did you have a successful EO recon?

Re: Capital One Steps Program

JayDay — Thu, 14 Aug 2014 14:22:41 GMT

Starting limit $1000.

6 month CLI to $4000.

called EO at one yr mark to ask for more and approved for $6000 w/ no HP. Contacted through FB.

spending habits were around $1k per month with occasional large purchase.

Re: Capital One Steps Program

Broke_Triathlete — Thu, 14 Aug 2014 14:41:37 GMT

@JayDay wrote:
Starting limit $1000.
6 month CLI to $4000.
called EO at one yr mark to ask for more and approved for $6000 w/ no HP. Contacted through FB.
spending habits were around $1k per month with occasional large purchase.

Thank you for your post! I was hoping to see that. Any others? Has anyone spent a bunch of money on the card and they marginally increased it?

Re: Capital One Steps Program

RCFL — Thu, 14 Aug 2014 15:01:14 GMT

I am currently on credit step too. It'll kick in by the end of this month. I start at 3k too and so far, I've made about 7k in payments. I am hoping for a big increase - hopefully they'll match it with my Venture limit of 10k. I'll let you know once the credit step CLI kicks in.

Re: Capital One Steps Program

Broke_Triathlete — Thu, 14 Aug 2014 15:09:39 GMT

Yes please let me know!! I hope you get a hefty increase! I'm hoping to PC eventually to a Signature Visa and/or Venture!

Re: Capital One Steps Program

Closingracer99 — Thu, 14 Aug 2014 15:14:12 GMT

You only get half of what your CL is so if your CL is $3,000 you will get a $1,500 CLI

I have a $500 CL so my CLI will be $250 increase in Feb 15 for me with my QS

Re: Capital One Steps Program

Broke_Triathlete — Thu, 14 Aug 2014 15:22:40 GMT

@Closingracer99 wrote:
You only get half of what your CL is so if your CL is $3,000 you will get a $1,500 CLI

I have a $500 CL so my CLI will be $250 increase in Feb 15 for me with my QS

I've heard that also happens. However the gentleman above got 4 times his SL in the steps program, from $1K to $4K. So I'm trying to see what is going on or how I can maximize my CLI in 6 months!

Re: Capital One Steps Program

Closingracer99 — Thu, 14 Aug 2014 15:24:08 GMT

@Broke_Triathlete wrote:
@Closingracer99 wrote:
You only get half of what your CL is so if your CL is $3,000 you will get a $1,500 CLI

I have a $500 CL so my CLI will be $250 increase in Feb 15 for me with my QS
I've heard that also happens. However the gentleman above got 4 times his SL in the steps program, from $1K to $4K. So I'm trying to see what is going on or how I can maximize my CLI in 6 months!

Already gotten an Email stating my CL will be $750 ...

Re: Capital One Steps Program

Broke_Triathlete — Thu, 14 Aug 2014 15:26:02 GMT

Well I'm hoping that the email I got is suggesting that I'm only getting a $500 increase. That'd only be 16.5% increase.

Re: Capital One Steps Program

Anonymous — Thu, 14 Aug 2014 15:26:38 GMT

I dont think everyone only gets half. I received an email telling me that my increase would be $200 by February 2015. Didn't realize they announced your new credit line prior to the 5th statement mark but thats what I got and its $50 above half of my current limit. Honestly I'm hoping the amount is still negotiable based on my usage between now and then. Any increase is nice but $750 - $1000 would definitely be better

Re: Capital One Steps Program

Closingracer99 — Thu, 14 Aug 2014 15:30:04 GMT

You can always hit the luv button for a SP CLI once the 6 months is over

Re: Capital One Steps Program

Anonymous — Thu, 14 Aug 2014 15:32:16 GMT

Definitely will give that a try! Thanks

Re: Capital One Steps Program

RCFL — Thu, 14 Aug 2014 16:56:25 GMT

It's not true that credit step only increase half of what the original credit was. I am an authorized user on the journey card with 1k limit, 6 months later - new credit line jumped to 4k!

Re: Capital One Steps Program

Broke_Triathlete — Thu, 14 Aug 2014 17:03:06 GMT

That's what I like to hear! I'm hoping I can increase mine to at least $5K by the time in increases!

Re: Capital One Steps Program

tiffjtiffj — Thu, 14 Aug 2014 17:22:40 GMT

Well I'm at the bottom of the pool with a credit line of $300 (steps to $500) however I've paid about $2360 over 5 statements. $1k would be wonderful, but I'm trying not to get my hopes up since I just started to rebuild.

Re: Capital One Steps Program

Closingracer99 — Thu, 14 Aug 2014 17:24:09 GMT

@RCFL wrote:
It's not true that credit step only increase half of what the original credit was. I am an authorized user on the journey card with 1k limit, 6 months later - new credit line jumped to 4k!

Thats what it says .... They might of done an auto CLI along with the already promised CLI ...

Re: Capital One Steps Program

Anonymous — Thu, 14 Aug 2014 17:37:46 GMT

My card started @ $500 and went to $1500 on my 6th statement. Didn't do any major spending. I think I paid my car payment with it twice, my cell phone bill maybe 3 times and a six pack of beer here and there. Always paid in full before the statement.

Re: Capital One Steps Program

ChargeItPlease — Thu, 14 Aug 2014 17:51:31 GMT

Mine went from $300 to $1300. I put most of my spend through it and paid several times per month.

Re: Capital One Steps Program

bigDEElight — Thu, 14 Aug 2014 20:53:52 GMT

SL: $500

Anticipated Limit after Credit Steps: $750

Actual Limit: $2,500 (after 6th Statement)

I used this card...A LOT. And paid in full or faaaar more than the minimum.

Re: Capital One Steps Program

MovinOnUp2014 — Thu, 14 Aug 2014 23:17:27 GMT

Thanks for asking....I've wondered the same things..I'm currently in Credit Steps with my Quicklsilver. My starting credit line was $3k and my email said to expect a $500 increase by October. As much as I've processed through the card I hope they show me more love....