I got a Platinum and a QS1 back in January for $500 each. Scores were low 600's at the time. 3 months in I hit the LUV button on each and got a nice 1k CLI on both. Upgraded the Platinum to a QS about 6 weeks ago. Been paying lots more than the minimum payment each month with moderate usage. Going by the CLI I got on them in April, I was expecting at least another 1k increase once Credit Steps kicked in.
6th statement cut on the QS1 yesterday. I checked my accounts and they gave me a $500 increase, bringing my CL to $2000. I'm grateful for any increase; just figured it'd be more going by data points I've seen here on the boards. Scores range from 664-675 and new mortgage obtained in May hasn't hit my credit reports yet. Ah well. The upgraded Platinum card is still nice and the 6th statement cuts on it in a few days so that'll hopefully be another $500 increase.
Congrats and don't worry the card will grow
Congrats on the increases! A question though - Are you interested in Cap One's Venture or Quicksilver? Your scores aren't bad, and if they are Fico 08 scores, you may be close enough to qualify for one of these cards. If you're interested in high limits, why not try their prequalification site to see if there are any cards that you're prequalified for. It's just a sp, so no harm if there's nothing for you. I've have friends and relatives start off in credit steps, and wind up getting Cap One's prime cards six months later. Just a thought!
Congratulations! At least you got an increase at three months, I kept being denied.....so I hope the one at six months will be nice!
I love their product, website, phone apps.... and for giving me a chance. However, with that being said I too am saddened by the lack of love I have gotten from them. I got my first 5 month increase on the Platinum. I then apped for the QuickSilver 1 MC. I would then hit the LUV button and close your eyes what do you see? Yep.. nada! I thought I could get a little more than nothing. I had a measly 300 line increased by 100 before the 5 month and then uped by $350 to = 750 .. then the Quick Silver started at 500.. so on Sunday I was approved for 7K with PenFed and I didn't even recon... I asked for another credit increase from Cap1 and again nothing. So I said since Im never going to get any luv I am going to dissolve the Platinum into the QS1 to give the illusion of something more than I had.... next day I got a request to do a survey. I am highly complimentary of Cap1 .. especially for giving me a chance and helping me rebuild. If I had to do it all again I would. I could push for a credit increase but not for a triple pull. I'll work with the one card now and hope for increases... But I agree its discouraging and disappointing.
Yeah, I'll forever be grateful for them for giving me a chance and helping me get started on rebuilding. I started with a secured card with a CL of $200 before I was able to qualify for a QS1 and Platinum. Last month, they gave me a $1500 CLI on the secured card! I was thrilled. I checked with customer service and they said it was legit. Unfortunately, I logged onto my account again a few days later and saw that my CL had dropped back down to $500. Still higher than the beginning limit of $200, but I checked with customer service again and the rep explained that a mistake had been made. But that gave me hope that the Credit Steps increase would be pretty good.
I've tried the CapOne prequalifying site every week but it's never able to match me to anything. I was approved for a Lowe's card for 6k last month and Overstock and Wayfair a few months ago which are now $3600 each, so it's not a priority for me to gain any new credit.
OP your credit steps amount stays the same, that should be on the orignal email they sent when you first got approved...Your 3 month love button hit was your huge one...now that your credit steps kicked in, your next request at 6 months should be better wtih regular use and payments. You did the PC to the QS already, which puts you in line to a better growth with a higher CLI ceiling now. You're doing good. My Platinum started at $500, luv button gave me $300 and credit steps took me to $1800 total then I PCd it to a QS and waiting on my next CLI coming up now.
|Total CL: $321.7k||UTL: 2%||AAoA: 7.0yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|