myFICO® Forums
Help
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 

When Should I Expect CLI With Credit Steps??

tag
Get Access Now
Anonymous
Not applicable
‎10-14-2014 07:37 PM
‎10-14-2014 07:37 PM

When Should I Expect CLI With Credit Steps??

This may be a silly question but I am trying to find out when exactly I should expect my CLI on one of my Cap1 cards? I received an email after being approved that stated after 5 statements i would see it. Does this mean when I pay the first 5 payments? So here's the timeline: Received card in June. First statement July. So I've had a statement for July, August, September, October and my November statement cut yesterday due November 10th. When should I expect my Credit Steps to kick in?
Message 1 of 12
0 Kudos
11 REPLIES 11
Anonymous
Not applicable
‎10-14-2014 07:38 PM
‎10-14-2014 07:38 PM

Re: When Should I Expect CLI With Credit Steps??

300-> 500 usually
Message 2 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:42 PM
‎10-14-2014 07:42 PM

Re: When Should I Expect CLI With Credit Steps??

When will it happen though? And I hope not. Lol. After seeing all the recent posts from people being bumped up from $300 or $500 to $2000 and $2500, I hope I get more. Lol. I rarely use the cards now though but I used them a ton in the beginning. I use my Chase Freedom primarily now but I have 2 Cap1 cards. One in June and one in July!
Message 3 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:43 PM
‎10-14-2014 07:43 PM

Re: When Should I Expect CLI With Credit Steps??

5 billing statements with activity and payment on time.
Message 4 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:47 PM
‎10-14-2014 07:47 PM

Re: When Should I Expect CLI With Credit Steps??

Technically my 5th just cut, due in November. Do I have to pay the minimum before I see it? That's what I'm trying to figure out. If I pay it now or if I have to wait until November when that statement closes. Do you see my confusion?! Lol.
Message 5 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:47 PM
‎10-14-2014 07:47 PM

Re: When Should I Expect CLI With Credit Steps??

At least the minimum..
Message 6 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:50 PM
‎10-14-2014 07:50 PM

Re: When Should I Expect CLI With Credit Steps??

I got mine in Oct 2013 first statement was 11/13/13 and I got my increase on my April statement. So 6 months from when it was opened.
Message 7 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:50 PM
‎10-14-2014 07:50 PM

Re: When Should I Expect CLI With Credit Steps??

I think I'm confusing you. Lol. I know i have to pay the minimum. My question is this, if I pay the minimum now that's due in November. .. should I see the increase now or will it happen when the statement actually closes in November? And thanks for your replies! I may have confused you but at least you're trying to help me! Smiley Happy
Message 8 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:52 PM
‎10-14-2014 07:52 PM

Re: When Should I Expect CLI With Credit Steps??

Thank you! I have heard some after the 5th statementcuts and then some 6 months. My email specifically stated after 5 statements. This is where I'm confused!
Message 9 of 12
0 Kudos
Anonymous
Not applicable
‎10-14-2014 07:54 PM
‎10-14-2014 07:54 PM

Re: When Should I Expect CLI With Credit Steps??

My letter said 5 monthly payments on time and that I would see the increase by the 7th statement.
Message 10 of 12
0 Kudos
† Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.