Hmmmmmmmmmm
I have a Platinum that was unsecured, but guaranteed an increase after -n- on-time payments, which happened. Is that Credit Steps?
I PC'd it to QS a couple or three months ago, yay!
My nine-month-iversary is in a couple of weeks. Should I wait? What might my chances be? Lots of spend, PIF often and never late.
@BurgeoningHope wrote:Hmmmmmmmmmm
I have a Platinum that was unsecured, but guaranteed an increase after -n- on-time payments, which happened. Is that Credit Steps?
I PC'd it to QS a couple or three months ago, yay!
My nine-month-iversary is in a couple of weeks. Should I wait? What might my chances be? Lots of spend, PIF often and never late.
Sounds like Credit Steps. You have to wait 6 months after your last increase to receive another one. Credit steps usually happens 5 statements in (6 months after account opening) so it sounds like you have about three more months to go.
They love, love, love lots of spend and PIF usage, especially if you're using a lot of your limit. It shows that the amount they gave you isn't working for your spending patterns. All my CLI's except for my latest one have been because of large spend + large payments. The last one was an anomaly, because I've only used the card for a balance transfer this year, and anecdotally-speaking, that doesn't usually count as usage in their eyes.
To figure out when you're eligible for a CLI, take the date of your credit steps increase (the day your 5th statement cut, typically), and add 181 to it. I use a math website called Wolfram Alpha to figure my CLI schedules out.
