2 more statements for Cap One CLI!

[Anonymous]

Gardening is soooo difficult, but I have my first CLI coming up in another 2 billing statements.  You gotta love Cap One Steps Program, my Platinum will go up to $500 from $300 and my Sony Cap One will go to $750 from $500.  Hopefully this will help my credit score which as of recent AMEX Credit Pull 627 all across the board.

Walmart FICO from 609 to 619 few days ago.

[rootpooty]

A cli doesn't increase your score if it doesn't reduce your util.

[Anonymous]

my util. is under 20% right now, the increases would put me under 10%  most likely, that would increase the score right?

[SwiftTone]

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@Anonymous wrote:

my util. is under 20% right now, the increases would put me under 10%  most likely, that would increase the score right?

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Yes, you will see an increase. I'd guess 10-15 points in FICO.

Regarding future CLI onthese 2 accounds, unfortunately, this will likely be your first and last CLI. Capital One is notorious for doing this. If you want higher limits, IMO it's best to garden these acounts for a year to build up your score then apply for somehing that will grow with you so you don't get stuck with toy limits.

[Anonymous]

I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

[Anonymous]

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@Anonymous wrote:

I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

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I believe so, you just have to ask the rep, my platinum card they told me right away about it, but the SONY Cap One I called and asked about the program. 5 statements on time and on the 7th statement you get an increase in your limit. 

[Anonymous]

Congrats!

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@Anonymous wrote:

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@Anonymous wrote:

I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

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I believe so, you just have to ask the rep, my platinum card they told me right away about it, but the SONY Cap One I called and asked about the program. 5 statements on time and on the 7th statement you get an increase in your limit. 

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Congrats

[Jlu]

Like those before me said this will probably be your first and last CLI with Capital One. I've had their credit steps platinum card for 14 months in A+ PIF standing and my score has gone up 100 points and they still won't approve me for a CLI. I've called the backdoor number and spoke to a few senior account reps and even they use the computer generated decision that you can call the regular number to get.

The bogus thing that happened to me is that I set up an automated ACH payment to pay my bill online using their website.. so I entered an incorrect account number by mistake but somehow the system took it as being valid and even posted the payment I made with it to my account. A few days later the ACH was automatically reversed, thankfully it didn't make me late since this was just one of the many payments I make over the course of the month to keep utilization low. However now when I ask for a CLI the system denies me due to 'One or more of my Capital One accounts have had a returned check.' Complete bull**bleep** and if it wasn't for AAoA I would cancel this card. I think they know most people are afraid to cancel due to these credit step cards being most peoples oldest account so they keep you at a low CL and collect their annual fee.

Overall though my experience with Capital One has been good and they were willing to extend me unsecured credit at reasonable rates/fees when nobody else would. Just pray that you never have an issue that can't be solved by an indian lady reading a script. 

[rootpooty]

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@Anonymous wrote:

I keep hearing about this steps program, is this just for their unsecured cards? Where can I get more info about it?

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yeah just for their unsecured subprime cards. low limits though

[Anonymous]

The "Platinum" won't grow much after that, shame they call it that...should be against policy.  I got mine in feb, will get increase soon; but only reason why i'm keeping it is so my account age doesn't get jacked up yet.  I recently had lots of baddies drop off too, now i have a visa signature (5k) and rewards (7.5k)..  Having just one more credit card should help your score, after that they really don't do much.   GL, ur be high 600's soon!