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Established Contributor
sccredit
Posts: 771
Registered: ‎09-14-2012

Re: Highest Capital One Spark limit ??

Unfortunately $30k will be tough to get with Cap1.  I would plan on a line of $10k or below to start with.

Mortgage $296k/$310k
Autos Loans $29k
Unsecured Lines $157.2k

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DCU FICO 744

Mega Contributor
Creditaddict
Posts: 18,818
Registered: ‎10-23-2007

Re: Highest Capital One Spark limit ??

Can't really beat the rewards on it without doing categories!
I agree don't like personal reporting of business credit but it's okay right now for me.
Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Frequent Contributor
youngman1234
Posts: 453
Registered: ‎02-27-2012

Re: Highest Capital One Spark limit ??

Yeah I was thinking probably like 10k but I could always pay in advance and raise my limit...
Established Member
ElBerryKM13
Posts: 16
Registered: ‎04-15-2013

Re: Highest Capital One Spark limit ??

I've had my cap one sparks for close to two months and i have yet to see them report to my personal. Is this a new thing or are they taking their sweet time to tell all CRA's about my new business account?

Mega Contributor
Creditaddict
Posts: 18,818
Registered: ‎10-23-2007

Re: Highest Capital One Spark limit ??


ElBerryKM13 wrote:

I've had my cap one sparks for close to two months and i have yet to see them report to my personal. Is this a new thing or are they taking their sweet time to tell all CRA's about my new business account?


they must just be delay!

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Frequent Contributor
ForMyBiz
Posts: 276
Registered: ‎08-19-2013

Re: Highest Capital One Spark limit ??


ElBerryKM13 wrote:

I've had my cap one sparks for close to two months and i have yet to see them report to my personal. Is this a new thing or are they taking their sweet time to tell all CRA's about my new business account?


They've reported every month since Aug for me.  Actually wish they wouldn't report to personal credit, but I guess it doesn't matter too much.  Good rewards though IMO

Frequent Contributor
youngman1234
Posts: 453
Registered: ‎02-27-2012

Re: Highest Capital One Spark limit ??

I wish they didnt report that would be awesome..
Valued Contributor
GregB
Posts: 1,670
Registered: ‎05-24-2007

Re: Highest Capital One Spark limit ??

My Spark was opened at $20k, where it remains. I would think if CapOne offered higher limits, I would qualify as I generally charge $6-8k per month and PIF on the due date. That means my balance just before payment date would be $14-16k.

 

It stinks because it reports to personal credit. Rewards are reasonable and due date is 4 days before cycle date.

 

I have recently added Amex Business, which does not report to personal credit but must be paid in full every month. The due date is 11 days before cycle date. Rewards are better but there will be a $175 yearly fee after first year. There was no yearly fee first year and $300 rewards after spending $5k in first three months so I'm still well ahead for first 3-4 years.

Mega Contributor
Creditaddict
Posts: 18,818
Registered: ‎10-23-2007

Re: Highest Capital One Spark limit ??


GregB wrote:

My Spark was opened at $20k, where it remains. I would think if CapOne offered higher limits, I would qualify as I generally charge $6-8k per month and PIF on the due date. That means my balance just before payment date would be $14-16k.

 

It stinks because it reports to personal credit. Rewards are reasonable and due date is 4 days before cycle date.

 

I have recently added Amex Business, which does not report to personal credit but must be paid in full every month. The due date is 11 days before cycle date. Rewards are better but there will be a $175 yearly fee after first year. There was no yearly fee first year and $300 rewards after spending $5k in first three months so I'm still well ahead for first 3-4 years.


Cap1 you could request an increase (it's a SP)

Also do you have the Cash Card that is 2%? it's hard to beat that without being in some category with another card.

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Established Member
ElBerryKM13
Posts: 16
Registered: ‎04-15-2013

Re: Highest Capital One Spark limit ??

Spoke too soon. They reported to my personal :smileysad:


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