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Cap One Platinum Future CLI

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Regular Contributor

Cap One Platinum Future CLI

Good Morning and Happy Thursday! Yesterday, my husband got an email form Capital One saying he can have a future CLI from Sl of $3,000 to $3,500 after paying five payments. He opened this account December 2018. I myself never have those offer for future, only Auto CLI or I requested them myself. I guess this is a new thing for new accounts?

(Feel free to move this to the correct topic, Thank you!)

 


Message 1 of 10
9 REPLIES 9
Moderator

Re: Cap One Platinum Future CLI

IIRC, these are accounts that are enrolled in the credit-steps program. The latter has been around for years and is typically available to any of their core cards as well as PLCCs (Sony, GM Buypower, etc.).
Message 2 of 10
Community Leader
Senior Contributor

Re: Cap One Platinum Future CLI

OP, tell your husband to request a limit increase about a month before his scheduled Steps increase. He should take whatever they offer. This won't affect his Steps increase. However, his Steps increase will preclude any more CLIs for six months.

Message 3 of 10
Regular Contributor

Re: Cap One Platinum Future CLI


@HeavenOhio wrote:

OP, tell your husband to request a limit increase about a month before his scheduled Steps increase. He should take whatever they offer. This won't affect his Steps increase. However, his Steps increase will preclude any more CLIs for six months.


Got it, so after the 4th statement cuts?? Thank you!
I hope he'll allow me to because he thinks I'm addicted to credit stuff LOL. If it wasn't for me he won't even have an SL of 3K for his very first card in US Smiley Happy


Message 4 of 10
Valued Contributor

Re: Cap One Platinum Future CLI


@HeavenOhio wrote:

OP, tell your husband to request a limit increase about a month before his scheduled Steps increase. He should take whatever they offer. This won't affect his Steps increase. However, his Steps increase will preclude any more CLIs for six months.


There is also the possibility of him getting more than the $500 CLI after his steps increase.   I was scheduled for a $500 steps CLI and Cap One gave me a $3000 CLI at that time. 


FICO 8 Starting Score

Current Scores






Message 5 of 10
Regular Contributor

Re: Cap One Platinum Future CLI

Wow! that felt nice I bet!! Did you ask prior like the advice before you? Or you just let it auto CLI of $3K?


@MakingProgress wrote:

@HeavenOhio wrote:

OP, tell your husband to request a limit increase about a month before his scheduled Steps increase. He should take whatever they offer. This won't affect his Steps increase. However, his Steps increase will preclude any more CLIs for six months.


There is also the possibility of him getting more than the $500 CLI after his steps increase.   I was scheduled for a $500 steps CLI and Cap One gave me a $3000 CLI at that time. 


 


Message 6 of 10
Regular Contributor

Re: Cap One Platinum Future CLI

My first cap1 card was approved for 3k, after 4-5 months to 3.5k, six months later to 6.5k. 

EX 687
EQ 694
TU 684
BK 7 D/C Dec. '16.
Message 7 of 10
Frequent Contributor

Re: Cap One Platinum Future CLI

Thats a pretty decent SL for a Cap 1 Plat with credit steps. I helped my mother open her first Cap 1 QS1. After her 3rd statement cut I requested a CLI. They gave her $100 and because she is also in credit steps she will still be upped to $500 in March.
Sept 18: EQ: 578 TU: 583 EX: 576
March 19’: EQ: 615 TU:642 EX:637

Goal by Sept 20’ EQ: 700 TU: 700 EX:700

AA: 7YRS AAOA: 1YR 9MOS
Inquiries in 12 months: EQ: 6 TU: 2 EX: 4
New Accounts in the last 6 months: 2
Chase 3/24-4/24 June 19’

Subprimes To Be Closed:



One Day:
Message 8 of 10
Community Leader
Senior Contributor

Re: Cap One Platinum Future CLI

If they gave her $100, she might be upped to $600.

Message 9 of 10
Valued Contributor

Re: Cap One Platinum Future CLI

OP you might want to edit your pic. You name is in it.



My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC.
Message 10 of 10