Your CL will be 800. You can go online and ask for a CLI. Its a SP. If you get more. Then you have to wait 6 months for the next CLI request. Its a 1 time thing with Credit Steps.
Sort of an off topic question. How do you know if a cap one card is in the credit steps program? I've looked in the web interface and I see they say they will give me a CLI at 5 months on my secured, but I don't see anything else that would indicate this. It seems from the post above there is a way that you know you are in credit steps.
@FireMedic1 wrote:Your CL will be 800. You can go online and ask for a CLI. Its a SP. If you get more. Then you have to wait 6 months for the next CLI request. Its a 1 time thing with Credit Steps.
His new limit will be $500 unless cap1 likes how he's using the card. In that case, they could give him more, but the email states what his new limit should be after credit steps.
@dynamicvb wrote:Sort of an off topic question. How do you know if a cap one card is in the credit steps program? I've looked in the web interface and I see they say they will give me a CLI at 5 months on my secured, but I don't see anything else that would indicate this. It seems from the post above there is a way that you know you are in credit steps.
You receive an email. Also, in the app, there's a countdown of payments until you get your increase. For a secured card, the increase you get at 5 month's will probably be your only one.
You can request a cli prior to the automatic credit steps increase. Usually it is a 100 increase which will bring your limit to 400. You would need to request that cli online thru your account services link PRIOR to the credit steps increase occurring. This will not effect the automatic credit steps increase, you will still receive it. Once the credit steps increase takes place you will have to wait 6 months before being eligible for another cli. YMMV.
@Anonymous wrote:
I never received a email about credit steps and accessing a higher limit and they didn't mention it when I was approved. Only notification I have is the steps tracker in my account. I have made 4/5 payments on time time and the final one is due mid next month. I submitted a CLI yesterday but I'm getting a feeling it wasn't approved since it didn't happen instantly. Steps tracker just says my current limit is 300$ and I will have access to a higher limit of 500$ as soon as Sept 24th. Lol i'm getting mixed messages tho with 1 person saying it will be 500$ and another saying 800$. My initial impression was that it was sounding like 500$.
It will be at least $500. However you MIGHT get more depending upon your usage and payment history. I was in the same boat with a QS on credit steps. However when the CLI came through it was for $3000. So I went from $300 to $3300. I believe it was because I would max out the card and PIF several times a month.
@Brian_Earl_Spilner wrote:
@FireMedic1 wrote:Your CL will be 800. You can go online and ask for a CLI. Its a SP. If you get more. Then you have to wait 6 months for the next CLI request. Its a 1 time thing with Credit Steps.
His new limit will be $500 unless cap1 likes how he's using the card. In that case, they could give him more, but the email states what his new limit should be after credit steps.
Oops. Wasnt awake yet. My bad. 3+2=5 Thanks Brian
So what did the CLI end up being?
Starting Score: 638