There's been a few post on here about it, I've never heard of it referred to as Pathways but not credit steps either. My DH had something similar but didn't even have a balance on his card, I suspect it was to get him to use it to gain another CLI before 6 months from his last one. It sounds more to me like they want you to use the card and make payments larger than the minimum and in exchange they'll give you a CLI finally.
Never heard of that program...but if the limit is only $750 and they're wanting you to pay $50x6mo for an increase...is the card near maxed? That's $300 bucks of a $750 limit...which may be a reason why the CLI's are being declined?
To be honest, I've had this card nearly maxed out and paid the minimum for the many years I've had it. It wasn't until this year- February to current that I've been religiously trying to get in Capital One's good graces. Last month alone, I spent $1300 on this Card and PIF 6x in one month. The rep said.... This is capital one's attempt at giving me a "2nd chance at a CLI. So in 6 months time, my limit should be $1750."
I asked $1750, not $1000? Supervisor said "$1750." Which may seem low to many of you-- but this would be huge milestone for me. I haven't had a CL more than $3k since I abandoned by credit.
If it is godo for you, that is all that matters
|Total Credit: $240,100||Credit Utilization: 1%||AAoA: 5 years, 7 months||Installments: Car Lease, Marcus Loan||Negatives: 0|
Uh, how did it go...because that letter states that you will receive a credit increase up to $1000.00 not an additional $1000.00