topic Re: Capital One Credit Card in Credit Cards

Capital One Credit Card

bridgetkaryn — Thu, 03 Jul 2008 21:06:49 GMT

Hi All,

So as much as I hate it, I applied and was approved for a Capital One card with a $1000 CL. 2 questions for everyone...

1. When does CrapOne usually Report to the CRAs?

2. So I have read people saying stuff about CLI increases after 3 months, if you make payments on time etc... Can someone explain this to me a little bit? How it works? How do I know if I qualify for this CLI? do I need to call the backdoor number before the 3 months to get the double increase? When should I call that number exactly?

Thanks!

Bridget

Re: Capital One Credit Card

bridgetkaryn — Sun, 06 Jul 2008 23:58:29 GMT

:bump:

Re: Capital One Credit Card

Schoolbuskid — Mon, 07 Jul 2008 00:02:23 GMT

bridgetkaryn wrote:
Hi All,

So as much as I hate it, I applied and was approved for a Capital One card with a $1000 CL. 2 questions for everyone...

Congrats!

1. When does CrapOne usually Report to the CRAs?

They told me they report the 5th of Every months to the bureaus!

2. So I have read people saying stuff about CLI increases after 3 months, if you make payments on time etc...
Most of the time...they will grant increase...alot of people are put in the credit steps programs...i believe it guarantees a increase! CSR told me they increase every 3 months!

Can someone explain this to me a little bit? How it works? How do I know if I qualify for this CLI? do I need to call the backdoor number before the 3 months to get the double increase? When should I call that number exactly?

I think you call before your 3rd billing statement cuts! I may be wrong!

Thanks!

Bridget

Re: Capital One Credit Card

Anonymous — Mon, 07 Jul 2008 00:23:20 GMT

Depends on what kind of card they gave you. They are typically pretty stingy.

Re: Capital One Credit Card

bridgetkaryn — Mon, 07 Jul 2008 00:26:24 GMT

How do I find out? And do I need to enroll in this program?

Thanks!

Bridget

Re: Capital One Credit Card

Anonymous — Mon, 07 Jul 2008 01:12:46 GMT

Schoolbuskid wrote:

bridgetkaryn wrote:

1. When does CrapOne usually Report to the CRAs?

They told me they report the 5th of Every months to the bureaus!

Cap1 reports on the statement date. The actual date will vary from person to person.

Re: Capital One Credit Card

Anonymous — Mon, 07 Jul 2008 01:13:50 GMT

bridgetkaryn wrote:

How do I find out? And do I need to enroll in this program?

Thanks!

Bridget

You don't need to enroll. If you have a Credit Steps card, it will be automatic. You should get a notice in the mail telling you all about the program within the first few weeks of having your card.

Message Edited by cheddar on 07-06-2008 06:13 PM

Re: Capital One Credit Card

Anonymous — Mon, 07 Jul 2008 03:08:27 GMT

@Anonymous wrote:

@bridgetkaryn wrote:

How do I find out? And do I need to enroll in this program?

Thanks!

Bridget

You don't need to enroll. If you have a Credit Steps card, it will be automatic. You should get a notice in the mail telling you all about the program within the first few weeks of having your card.

Message Edited by cheddar on 07-06-2008 06:13 PM

I agree with cheddar. If you were approved for one of the subprime Capital One cards, you should get a letter in the mail detailing the Credit Steps program.

It basically works like this: use the card at least once a month for the first three months, make your payments on time, and don't exceed your CL, and you should see a $500 CLI on the fourth statement.

As for the double CLI, I was approved for $1000 and was able to CLI via the backdoor number listed in the Backdoor Numbers sticky thread to $1500. On the fourth statement, I was CLI'd to $2000.

Re: Capital One Credit Card

Anonymous — Mon, 07 Jul 2008 14:27:57 GMT

Also, If you do a search you'll find tons of threads on this subject.