Capital One Platinum - From $500 to $2,000 after 6 months

[ttfan]

Hi everyone,

I've been a longtime reader of the forums here and I've learned a lot. I thought I would give back by sharing what happened to me.

About a week ago I finally passed the 6 month mark with Capital One - I have a Platinum card - and they increased my credit limit from $500 to $2,000.

I was really surprised it happened because their step program says they'll upgrade you to $750 if you pay on time for 6 months. I have no idea why I got the $2k increase, but here's a thought.

The way I used my card was pretty extensive. I would always pay some down within each statement, but at the end of the month I would have a util % of usually < 20%. So even though I had $500 limit, I would spend oftentimes around $1,000. That means I would make multiple payments to lower my util % within the same statement month. Then right before my statement was due, I'd pay down so my util % was below 20%.

I don't know if this helped increase my limit, but I thought I'd share.

[DeadSpider]

Call and asked if upgrade is available for reward card.

[ttfan]

Thanks for the idea! I just called one of the backdoor numbers. The rep said it wasn't possible at the time, so I asked if I could get another CLI (was a sp) and wasn't approved for that either. I'm glad I tried though.

[Anonymous]

Yeah, capital one has been great to me with the CLI's I've never had to ask and have gotten one almost every six months on the dot.  

[myjourney]

---

@ttfan wrote:

Hi everyone,

I've been a longtime reader of the forums here and I've learned a lot. I thought I would give back by sharing what happened to me.

About a week ago I finally passed the 6 month mark with Capital One - I have a Platinum card - and they increased my credit limit from $500 to $2,000.

I was really surprised it happened because their step program says they'll upgrade you to $750 if you pay on time for 6 months. I have no idea why I got the $2k increase, but here's a thought.

The way I used my card was pretty extensive. I would always pay some down within each statement, but at the end of the month I would have a util % of usually < 20%. So even though I had $500 limit, I would spend oftentimes around $1,000. That means I would make multiple payments to lower my util % within the same statement month. Then right before my statement was due, I'd pay down so my util % was below 20%.

I don't know if this helped increase my limit, but I thought I'd share.

---

Congrats that's a pleasant surprise

[hot4u]

Congrats. I'm the the Steps program also. Have been using it like you have. Wonders if lightning will strike twice.

[NewtoCredit80]

I am also hoping for some cli after 6 months. Congrats on your approval.

[asphaltcowboy]

Congrats on the cli, nice bump

[indiolatino61]

---

@ttfan wrote:

Hi everyone,

I've been a longtime reader of the forums here and I've learned a lot. I thought I would give back by sharing what happened to me.

About a week ago I finally passed the 6 month mark with Capital One - I have a Platinum card - and they increased my credit limit from $500 to $2,000.

I was really surprised it happened because their step program says they'll upgrade you to $750 if you pay on time for 6 months. I have no idea why I got the $2k increase, but here's a thought.

The way I used my card was pretty extensive. I would always pay some down within each statement, but at the end of the month I would have a util % of usually < 20%. So even though I had $500 limit, I would spend oftentimes around $1,000. That means I would make multiple payments to lower my util % within the same statement month. Then right before my statement was due, I'd pay down so my util % was below 20%.

I don't know if this helped increase my limit, but I thought I'd share.

---

Congrats! This is a YMMV situation, since there are MANY people here that have used their cap1s extensively and have not received any CLI whatsoever, other than those who have went the EO route.

[knoregs]

---

@ttfan wrote:

I don't know if this helped increase my limit, but I thought I'd share.

---

What does the rest of your credit profile look like?

~kn