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Cap1 Credit Steps Statement Question

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Anonymous
Not applicable

Cap1 Credit Steps Statement Question

Hi all, credit steps for my cap1 QS1 is coming up on its 6th month mark in 2 days when my statement cuts. Does anyone know if the new limit will be applied before the statement cuts or after? It would be great if it was applied to my account before the statement cuts in order to lower my utilization. I've heard on here some people have gotten the credit steps either right before the statement or right after. 

 

Thanks!

Message 1 of 5
4 REPLIES 4
OmarGB9
Community Leader
Super Contributor

Re: Cap1 Credit Steps Statement Question

Typically shortly after.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 2 of 5
willwar14
Valued Contributor

Re: Cap1 Credit Steps Statement Question

Based on what ive read from posts around here id say after.

CH7 FILED: 08/18/2022, DC: 01/23/2023
Message 3 of 5
Anonymous
Not applicable

Re: Cap1 Credit Steps Statement Question

Mine was the day after. 

Message 4 of 5
Anonymous
Not applicable

Re: Cap1 Credit Steps Statement Question

I just looked at my old 6th statement and it looks like the CLI was reported on my statement.  So maybe it was before it cut or same day.  I know that's the month my credit scores shot up due to my utilization going down.   Hopefully it is the same way for you.

Message 5 of 5
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