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Cap 1 6 month CLI Notice Nere

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jmtallguy
Regular Contributor

Cap 1 6 month CLI Notice Nere

Cap 1.JPG

 

Never got this before had this card for years got a $150 CLI month - Not i just got this in my email .

Message 1 of 9
8 REPLIES 8
ErikaC1
New Contributor

Re: Cap 1 6 month CLI Notice Nere

I wish they sent me something  Smiley Sad

Message 2 of 9
ddemari
Super Contributor

Re: Cap 1 6 month CLI Notice Nere

Very interesting! Thanks for sharing
Message 3 of 9
ronstar7
Established Contributor

Re: Cap 1 6 month CLI Notice Nere


@jmtallguy wrote:

Cap 1.JPG

 

Never got this before had this card for years got a $150 CLI month - Not i just got this in my email .


Yeah I got the same thing 2 months ago, mine is for 1750, I was confused at first becasue mine said to make a 100 payment. But I thought they only meant one payment lol. I have 4 more to go. I think its cool but I also think its seems to be for people who carry balances for a while and more of an incentive to get them to pay. Either way I'm happy!

Starting scores after BK (Filed 4/18/24) EQ 571 , TU , EX

Current Scores EQ 582 TU 597 EX 601 Goal 700+ across
UTL
Last Inq: 8/3/2024

Starting Score: 582
Current Score: 582
Goal Score: 700


Take the myFICO Fitness Challenge

Chapter 7 BK filed 4/18/24 Discharged 7/22/24
Ally Financial CC 11/24 Credit limit $1,000 preapproval mailer
Message 4 of 9
ryox03
Regular Contributor

Re: Cap 1 6 month CLI Notice Nere

So I shouldn't be paying hundreds of dollars a week???

$1,000 Amex ED, Amex PRG- NPSL,$5,000 Quicksilver Visa, $3750 CO Quicksilver One, $3,300 BarclayCard Rewards,$2000 Paypal Credit, $3500 Walmart, $1700 Target. $5000 Kay Jewlers, $3500 Amazon Prime Store Card, $1,600 Discover IT

652 EQ 661 TU 650 EX 4/19/2016
Message 5 of 9
ronstar7
Established Contributor

Re: Cap 1 6 month CLI Notice Nere


@ryox03 wrote:

So I shouldn't be paying hundreds of dollars a week???


You can pay whatever you want but it doesnt have to be weekly. The way it works is every month when your payement is due you have 2 options. Pay off the balance in full OR pay at least $75. You do this for 6 monthly payments and you get the increase point blank period.You dont have to request it, it will be automatic. After each elegible payment they will email you and say " Thanks for your recent payment, you have 5 payments to go" and likewise every month. Paying hundreds on a weekly basis wont do anythng in regards to this deal UNLESS those hundreds per payment are equaling up to the full balance. Understand? So to recap $75 or full balance every month for the next 6 months.

 

I hope this clears it up

Starting scores after BK (Filed 4/18/24) EQ 571 , TU , EX

Current Scores EQ 582 TU 597 EX 601 Goal 700+ across
UTL
Last Inq: 8/3/2024

Starting Score: 582
Current Score: 582
Goal Score: 700


Take the myFICO Fitness Challenge

Chapter 7 BK filed 4/18/24 Discharged 7/22/24
Ally Financial CC 11/24 Credit limit $1,000 preapproval mailer
Message 6 of 9
ryox03
Regular Contributor

Re: Cap 1 6 month CLI Notice Nere


@ronstar7 wrote:

@ryox03 wrote:

So I shouldn't be paying hundreds of dollars a week???


You can pay whatever you want but it doesnt have to be weekly. The way it works is every month when your payement is due you have 2 options. Pay off the balance in full OR pay at least $75. You do this for 6 monthly payments and you get the increase point blank period.You dont have to request it, it will be automatic. After each elegible payment they will email you and say " Thanks for your recent payment, you have 5 payments to go" and likewise every month. Paying hundreds on a weekly basis wont do anythng in regards to this deal UNLESS those hundreds per payment are equaling up to the full balance. Understand? So to recap $75 or full balance every month for the next 6 months.

 

I hope this clears it up


Makes sense. I try to pay over what I spend during the week to keep balances lowering while I am still putting spend through the card for rewards. I use it like cash pretty much. So considering that I probably won't get an email like this.

$1,000 Amex ED, Amex PRG- NPSL,$5,000 Quicksilver Visa, $3750 CO Quicksilver One, $3,300 BarclayCard Rewards,$2000 Paypal Credit, $3500 Walmart, $1700 Target. $5000 Kay Jewlers, $3500 Amazon Prime Store Card, $1,600 Discover IT

652 EQ 661 TU 650 EX 4/19/2016
Message 7 of 9
ronstar7
Established Contributor

Re: Cap 1 6 month CLI Notice Nere


@ryox03 wrote:

@ronstar7 wrote:

@ryox03 wrote:

So I shouldn't be paying hundreds of dollars a week???


You can pay whatever you want but it doesnt have to be weekly. The way it works is every month when your payement is due you have 2 options. Pay off the balance in full OR pay at least $75. You do this for 6 monthly payments and you get the increase point blank period.You dont have to request it, it will be automatic. After each elegible payment they will email you and say " Thanks for your recent payment, you have 5 payments to go" and likewise every month. Paying hundreds on a weekly basis wont do anythng in regards to this deal UNLESS those hundreds per payment are equaling up to the full balance. Understand? So to recap $75 or full balance every month for the next 6 months.

 

I hope this clears it up


Makes sense. I try to pay over what I spend during the week to keep balances lowering while I am still putting spend through the card for rewards. I use it like cash pretty much. So considering that I probably won't get an email like this.


Oh ok, I gotcha... I thought you were one of the ones who did receive it. Hey never say never, sadly I carried a balance for a while so maybe thats what triggered the offer... I really have no idea. But if not you can just try the old luv button every 6 months. Same thing and less payments. Once I pay off all my other cards I plan to do the same thing as you and use this card soley so I can get more rewards as well. I hope to have the remainder of cards paid off by Dec. So in Jan I can close some predators I have (credit one and 1 Premier) They arent my oldest cards so thankfully it wont hut my aaoa.

Starting scores after BK (Filed 4/18/24) EQ 571 , TU , EX

Current Scores EQ 582 TU 597 EX 601 Goal 700+ across
UTL
Last Inq: 8/3/2024

Starting Score: 582
Current Score: 582
Goal Score: 700


Take the myFICO Fitness Challenge

Chapter 7 BK filed 4/18/24 Discharged 7/22/24
Ally Financial CC 11/24 Credit limit $1,000 preapproval mailer
Message 8 of 9
ryox03
Regular Contributor

Re: Cap 1 6 month CLI Notice Nere


@ronstar7 wrote:

@ryox03 wrote:

@ronstar7 wrote:

@ryox03 wrote:

So I shouldn't be paying hundreds of dollars a week???


You can pay whatever you want but it doesnt have to be weekly. The way it works is every month when your payement is due you have 2 options. Pay off the balance in full OR pay at least $75. You do this for 6 monthly payments and you get the increase point blank period.You dont have to request it, it will be automatic. After each elegible payment they will email you and say " Thanks for your recent payment, you have 5 payments to go" and likewise every month. Paying hundreds on a weekly basis wont do anythng in regards to this deal UNLESS those hundreds per payment are equaling up to the full balance. Understand? So to recap $75 or full balance every month for the next 6 months.

 

I hope this clears it up


Makes sense. I try to pay over what I spend during the week to keep balances lowering while I am still putting spend through the card for rewards. I use it like cash pretty much. So considering that I probably won't get an email like this.


Oh ok, I gotcha... I thought you were one of the ones who did receive it. Hey never say never, sadly I carried a balance for a while so maybe thats what triggered the offer... I really have no idea. But if not you can just try the old luv button every 6 months. Same thing and less payments. Once I pay off all my other cards I plan to do the same thing as you and use this card soley so I can get more rewards as well. I hope to have the remainder of cards paid off by Dec. So in Jan I can close some predators I have (credit one and 1 Premier) They arent my oldest cards so thankfully it wont hut my aaoa.


At least you have a plan, that's half the battle. The only other card that has a balance right now is the Kay account that I am paying down from buying an engagement ring. Down a grand on that already but going to start paying more on it since I killed the 10k Amex 2 months ago after a couple years. Thank god.

 

$1,000 Amex ED, Amex PRG- NPSL,$5,000 Quicksilver Visa, $3750 CO Quicksilver One, $3,300 BarclayCard Rewards,$2000 Paypal Credit, $3500 Walmart, $1700 Target. $5000 Kay Jewlers, $3500 Amazon Prime Store Card, $1,600 Discover IT

652 EQ 661 TU 650 EX 4/19/2016
Message 9 of 9
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