Thread: How does Capital One Credit Steps program work?

Two questions.

How does the Capital One Credit Steps work?

And is program still available in 2011?

I came across something talking about it on my fico but it was from 3 years ago. It is a program for bad or fair credit and you start off with a low limit of $300. Then there are milestones for making payments on time and each time one is reached Capital One gives a credit limit increase. There were folks saying their scores were in the 600s and this credit steps program was helping to give a boost. I could use something like this but I cannot locate information about its current availability.

Bump.

If anyone has an update on the Capital One credit steps program I would be grateful to hear it.

I am not sure if its the steps program. But, I know if you pay 5 payments on time on the 7th statement you will have a balance increase. I called and asked about upgrading.

Program still active. I have two cap one accts. perfect payment hist & credit hist. One acct over two years old, never rec'd increase, not in credit steps program. second acct opened recently, between 1st & 2nd stmt rec'd credit steps letter, after 5 on time pymts will rec 50% increase. don't know why new acct is in program and two year old acct isnt.