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Capital One Use required for Credit Steps?

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Creditaddict
Legendary Contributor

Capital One Use required for Credit Steps?

I got my Sony Card with $750 and I can see in my documents that they are offering me a $500 CLI after 5 on time statements... I used it for $500 when I opened it and paid $300 and then $200 was taken off for the bonus and I don't really want to use it anymore but do I need to use it once a month to qualify for the $500 CLI (kind of like GE, no statement, no count!) LOL

I mean it isn't a big deal to put something on it so I guess better safe then sorry but wanted to just check if anyone else had experience.

Message 1 of 5
4 REPLIES 4
newmomnewme
Valued Contributor

Re: Capital One Use required for Credit Steps?

*slowly raises hand* uh yes... I missed one of my steps because I didn't make a payment during one of the first 5 months...I hadn't used it that month. They gave me the $500 CLI at my 9th statement instead of 7th. 

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Message 2 of 5
newUser0
Established Contributor

Re: Capital One Use required for Credit Steps?


@Creditaddict wrote:

I got my Sony Card with $750 and I can see in my documents that they are offering me a $500 CLI after 5 on time statements... I used it for $500 when I opened it and paid $300 and then $200 was taken off for the bonus and I don't really want to use it anymore but do I need to use it once a month to qualify for the $500 CLI (kind of like GE, no statement, no count!) LOL

I mean it isn't a big deal to put something on it so I guess better safe then sorry but wanted to just check if anyone else had experience.


This was a amazing bonus offer for $200. But, In you case, i would make some charge every month

Message 3 of 5
Creditaddict
Legendary Contributor

Re: Capital One Use required for Credit Steps?


@newUser0 wrote:

@Creditaddict wrote:

I got my Sony Card with $750 and I can see in my documents that they are offering me a $500 CLI after 5 on time statements... I used it for $500 when I opened it and paid $300 and then $200 was taken off for the bonus and I don't really want to use it anymore but do I need to use it once a month to qualify for the $500 CLI (kind of like GE, no statement, no count!) LOL

I mean it isn't a big deal to put something on it so I guess better safe then sorry but wanted to just check if anyone else had experience.


This was a amazing bonus offer for $200. But, In you case, i would make some charge every month


especially since they literally just 1 day wiped out my balance... I didn't have to trade in points or anything!!

Message 4 of 5
killer_queen229
Established Contributor

Re: Capital One Use required for Credit Steps?

I used my card maybe like 4 times when I got it, then didn't use it for 2 months and got my increase from $500 to $1,5000.

Message 5 of 5
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