@Anonymous wrote:
I opened a capital one secured card with a $99 deposit and a $200 credit line on 4/28/20. My statement date is the 14th, but my October statement isn't available yet.
I logged in today to find that my credit limit was $500.
How did this happen??? I was under the impression that Cap1 secured cards will never graduate or CLI under any circumstances.
The "increase credit limit" option is also available now, as it takes me to a form to make the request. The name of the card still says "secured" though.
Anyone have any idea what's going on here?
You got the "credit steps" CLI.
After 6 on-time payments (or 6 months), you generally get an increase ($300, usually).
My SO got a Cap One Secured in March with $500 SL ($99/$200 plus additional deposit of $301 to bring the CL to $500).
In September he got his "credit steps" CLI of $300 to bring his CL to $800.
We had difficulty in the beginning and did not get hus card for the first 3 months the account was open and on the app/website it did not show the "credit steps" program, which was shown in my account with an unsecured Cap One Plat pc'd to QS, so I was unsure if he would get it since he was unable to make 6 payments in the first 6 months.
He did!
Congrats on getting your Credit Steps CLI!
I am pretty sure you do not get another one after this CLI, but you never know, and to my knowledge, it never unsecures (at least at this time).
