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CapOne Credit Steps?

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Frequent Contributor

CapOne Credit Steps?

After completing credit steps with Capital One and getting the increase from 300 to 500 how long do you have to wait to be eligible for another CL increase?
Message 1 of 7
6 REPLIES 6
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Valued Contributor

Re: CapOne Credit Steps?

6 months
April 2020
Experian Fico 8. 701
Transunion Fico 8. 711
Equifax Fico 8. 717

Capital one QS. $600
Credit one. $300. (Soon to close )
Capital one QS1. $2250
Discover IT Cashback. $12,000
PNC cash rewards signature Visa. $12,500
Chase SW rapid rewards signature visa $6900
Amex Green Card NPSL POT $11,000

All cards opened between Oct 2018. - March 2020

Message 2 of 7
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Frequent Contributor

Re: CapOne Credit Steps?

follow up faq on cap1 site. credit limit specifically. You will be fine.will be sp for inc.
Message 3 of 7
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Established Member

Re: CapOne Credit Steps?

They sent me an email not long after the first statement cut; it takes six months in total.

Message 4 of 7
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Regular Contributor

Re: CapOne Credit Steps?

Sorry to hijack this thread, but it's the most relevant.  I'm in the same boat as you.   Received CLI to $750 in early Nov (Platinum).   Today, I hit the PC link. 

 

I AM Eligible for upgrade to no AF QS card. I'll get 1.5% Cash back (etc.) but rate & CL will be unchanged at 23%, 750. 

 

I think my Scores will be better in a couple of months-- I'm working diligently on reducing my util this holiday season.   Should I accept this now or wait?   Will Cap 1 continue to CLI and/or reduce rates or will I be bucketed here?  Thank you each & all. 

 

-- Oh, FYI, Cap One Creditwise shows me at 636.  That's TU Vantage 3.0, for what it's worth. 

 

Thank you again. 

 

Rebuilding is like smoking a brisket: it takes a lot of love, the right spice, and a ton of patience. You don't rush a brisket-- it goes low & slow. Sometimes, you need a crutch through the stall. In the end, the process matters.
2020 Goals:
1) NO CLDs!! *(Yeah, Maybe I'm gun shy, but I feel that's a risk right about now.)
2) Garden at least until 1/2021 if not longer**
3) Pay down one pesky card to 30% (This will be tricky.)
4) Pay down ALL cards to 20%
5) Ultimately, refi the house at non-usury terms. :-)

** UNLESS I get SP assurance that I can refi a particularly onerous personal loan at a low rate.-- DONE 3/27/20!
Message 5 of 7
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Frequent Contributor

Re: CapOne Credit Steps?


@FMC wrote:
After completing credit steps with Capital One and getting the increase from 300 to 500 how long do you have to wait to be eligible for another CL increase?

Got my bump from 300 to 500 in Mar'19. Then they gave me an auto CLI to 1500 in Jul'19 (4mo).

 

DP's: thin/only that one card, fico8 was ~604 when app'd, was spending about 50-60% Util but paying down to ~8% for statement cut and then PIF.

 

You can mash the button 6mo after your last bump, but they can auto bump it whenever they want if they like your spend/payments

 




Goal: Mortgage/Chase Trifecta




Message 6 of 7
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Frequent Contributor

Re: CapOne Credit Steps?


@Pit-Smoker wrote:

Sorry to hijack this thread, but it's the most relevant.  I'm in the same boat as you.   Received CLI to $750 in early Nov (Platinum).   Today, I hit the PC link. 

 

I AM Eligible for upgrade to no AF QS card. I'll get 1.5% Cash back (etc.) but rate & CL will be unchanged at 23%, 750. 

 

I think my Scores will be better in a couple of months-- I'm working diligently on reducing my util this holiday season.   Should I accept this now or wait?   Will Cap 1 continue to CLI and/or reduce rates or will I be bucketed here?  Thank you each & all. 

 

-- Oh, FYI, Cap One Creditwise shows me at 636.  That's TU Vantage 3.0, for what it's worth. 

 

Thank you again. 

 


Pretty sure your rates don't change on a PC (correct me if I'm wrong). You can call and ask for a rate reduction, but you will need more history and a better score. As far as CLI you just got one, can't determine if you're bucketed until they continually refuse to increase. If you PC it you'll be earning cash back tho so thats a plus




Goal: Mortgage/Chase Trifecta




Message 7 of 7
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