cancel
Showing results for 
Search instead for 
Did you mean: 

Cap One Credit Step(s) program

tag
kroberts67
Established Contributor

Cap One Credit Step(s) program

Does anyone know if there is only ONE credit "step" in this program, or does it continue? Say for example we don't call the EO or request CLI's, are there automatic further "steps" down the line or is this credit steps program only one measly credit step that happens one time afer the 5th statement?  I got my first CLI in this program but no further documentation about the next move in this program.  

FICO: EQ 814 | TU 847 | EX ? (Started in the low 500's... you can do it!)

Amex BCE $25000, Amex AP $20000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $9500, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $12500, Citi Diamond $11200, Citi Double Cash $12000, Care Credit $13500k.
My Credit Repair Journey
Message 1 of 25
24 REPLIES 24
mAndrew1980
Established Contributor

Re: Cap One Credit Step(s) program

I opened up a Cap1 Cash Back card with a 500 CL in November 2011. Six months later in May 2012 I received a CLI to 750. I have tried multiple times since then to get a CLI and have never gotten one. I push 1000 a month through it.

Transunion: 713 FICO (5/13/2014) MyFico
Experian: 789 FICO (4/10/12) Lender Pull
Equifax: 695 FICO (1/10/14) MyFico

My cards: Chase United Mileage Plus 7000CL (3/12), CITI Simplicity 1800CL (9/12), Cap1 Platinum 1000CL (2/10), Cap1 Cash back 1500CL (11/11), Apple Barclay's 2500CL (11/11), Discover IT 6000CL (5/13)

My Primary Financial Goal is to put down my utl%.



Message 2 of 25
myjourney
Super Contributor

Re: Cap One Credit Step(s) program


@kroberts67 wrote:

Does anyone know if there is only ONE credit "step" in this program, or does it continue? Say for example we don't call the EO or request CLI's, are there automatic further "steps" down the line or is this credit steps program only one measly credit step that happens one time afer the 5th statement?  I got my first CLI in this program but no further documentation about the next move in this program.  


With Cap 1

One and done then use the EO route

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 3 of 25
Stralem
Established Contributor

Re: Cap One Credit Step(s) program

Haha. Credit Step.

 

Emphasis on the singular "step". Smiley Very Happy

 

My Student Journey got one and only one CLI after five statement cuts from 500 to 750.

 

It'll stay at 750 for eternity.

 

Well, unless I butter up the wizards at the executive office and they deign to grant me either a CLI or a better card. It's been about a year and my FICO/FAKO scores are now skirting the 700 mark, so I may just do that in the near future.

 

I'm 99% certain that you're going to have to go the EO route as well.

I Have Way Too Many of These.

American Express - No CLI or Appreciation Gift in 7 Years

Citibank - Handing Out Credit Limits Like Candy

Chase - Surprisingly, Still Tolerating My Credit-Chasing Ways

Bank of America - My Newest Bae.

Everyone Else.
Message 4 of 25
LS2982
Mega Contributor

Re: Cap One Credit Step(s) program


@mAndrew1980 wrote:

I opened up a Cap1 Cash Back card with a 500 CL in November 2011. Six months later in May 2012 I received a CLI to 750. I have tried multiple times since then to get a CLI and have never gotten one. I push 1000 a month through it.


Have you tried going through Cap1 EO for a CLI??




EQ FICO 548 3/3/16
Message 5 of 25
reno55
Regular Contributor

Re: Cap One Credit Step(s) program

What's the best way to eo on this so I know when my time comes
Message 6 of 25
LS2982
Mega Contributor

Re: Cap One Credit Step(s) program


@reno55 wrote:
What's the best way to eo on this so I know when my time comes

Email. PM sent!!




EQ FICO 548 3/3/16
Message 7 of 25
Anonymous
Not applicable

Re: Cap One Credit Step(s) program

LS can i also get that email?  I know that's going to come in handy very soon

Message 8 of 25
jsucool76
Super Contributor

Re: Cap One Credit Step(s) program

They used to do more than one step, hence the name, but now it is only one step.
Message 9 of 25
primechicken
Contributor

Re: Cap One Credit Step(s) program

Hit up the EO. But don't stop with the CLI. I got 1% cash rewards added to mine, and the AF dumped. They bumped my CL from 500 to 1000 and told me I'll still get the credit step bump to 1250 next month. They'll do it. Make your case!

I got some cards with some credit limits. Some are better than others.
Message 10 of 25
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.