Capital One - Credit Steps

[Anonymous]

My initial credit limit was $300; after my first statement I received a letter saying I am in the credit steps program, and that I am eligible for a $200 CLI on my 7th statement ( a credit line of $500). Note I payed my first statement in full. My question is should I call capital one and ask for a CLI or should I wait until my second statement is generated?

[trumpet-205]

Credit step is automatic CLI. Assuming you pay on time and never went over the limit, you'll get your CLI on 7th statement.

[Anonymous]

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@trumpet-205 wrote:

Credit step is automatic CLI. Assuming you pay on time and never went over the limit, you'll get your CLI on 7th statement.

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Yes that is correct. But would I be able to get a CLI after my first statement or at least before my 7th statement?

[trumpet-205]

Nope. Cap 1 won't give CLI if you ask for it.

[Hopelives2]

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@Anonymous wrote:

My initial credit limit was $300; after my first statement I received a letter saying I am in the credit steps program, and that I am eligible for a $200 CLI on my

7th statement

( a credit line of $500).

Note I payed my first statement in full.

My question is should I call capital one and ask for a CLI or should I wait until my second statement is generated?

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I don't mean to be snarky; unless I misread something:

you did not pay 6 statements

you do not get auto CLI

one time payment in full does NOT equate to 7 statements strung out over time; you need to wait until that has happened.  Sorry.  I know of exactly one person on here who got a CLI earlier and she/he paid/pushed through $1000 a month before asking for it.

[meka1984]

Cap One probably will not give you a CLI bc your acct is too new. 

I received my first credit step 2 months before I was scheduled too and I didn't PIF. However, I did pay more than the minimum. 

[Anonymous]

Do you have the Capital One Secured or Unsecured Card?

[Anonymous]

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@Anonymous wrote:

Do you have the Capital One Secured or Unsecured Card?

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Unsecured card

[trumpet-205]

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@Anonymous wrote:

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@Anonymous wrote:

Do you have the Capital One Secured or Unsecured Card?

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Unsecured card

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Then unitl credit step is completed, highly doubt you'll get any CLI.

[Rvan1961]

I got Cap One a few years back and it went like this. After 3 months they upped me from $500 to $750. Six months later they upped me again to $1250. I have been at $1250 for almost 6 months, so I expect I will get bumped again soon At the time I got the bump to $1250 I was almost maxed out, so I was kinda surprised. I never called them for a CLI. Some folks say that if you nearly max out, then PIF you get increases faster, we will see.