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CAPITOL ONE NOT REPORTING CREDIT LIMIT?

Contributor

CAPITOL ONE NOT REPORTING CREDIT LIMIT?

I have a Capitol One CC with a $500.00 limit.  They did report the new account but didn't report the limit amount.  Should I get them to report it?  Should I send a copy of my statement with the limit amount shown to the bureaus?  Or...Should I just leave it?  Maybe it is better to not report it at this time as it is a small limit amount?  What should I do? Your advice is appreciated Smiley Happy

Message 1 of 8
7 REPLIES
Super Contributor

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

My limit reports to all 3 CRAs. What service are you looking your info up on?
Message 2 of 8
Established Member

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

I have 3 C1 cards (thanks, Orchard Bank), and they all report balance as well as limit.

 

I've read that cards reporting with a balance but no limits can in situations "confuse" the alogrhythms and your carried balance in that instance may even be computed as 100% utilization. Its certainly more desirable to show a low CL than a "maxed-out" CL due to no limit reporting.

 

Are you looking at actual credit reports, or are you using a service (myFICO/CreditKarma/CreditSesame/etc)?

 

 

Message 3 of 8
Contributor

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

MyFico.  It states that the Limit is Not Reported, Past Due is Not Reported and Payment Agreement is not reported.

Message 4 of 8
Frequent Contributor

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

Um if it's new account sometimes it takes until 1st statement cut ie my Barclays reported 3 days after approval no cl then after 1st statement it reported.
Cards: CSP $5k, Capital One Cash Rewards VS $3100, Discover it $3k Capital One MasterCard $600, Orchard Bank $3k, Barclays Rewards MC $1250 Gapcard $900, BR $300, Neiman Marcus $1k, Macys $1200 Walmart $500
In the garden until I can get a BCP

Starting Score: 534
Current Score: 682 EQ SW 660 TU 636 EX 3/26/13
Goal Score: 720


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Message 5 of 8
Contributor

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

I checked Equifax and it is reported there.  I wonder why it's not reported to MyFico.

Message 6 of 8
Frequent Contributor

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

All of my new accounts have shown the same way on myFICO when they're first reported, per the ScoreWatch alert. It's only temporary, don't worry too much about it. If I recall correctly, when the first statement cuts from Cap1 and myFICO gets the info it'll be updated.

FICO 8: EQ 784 / TU 787 / EX 785
FICO 9: EQ 797 / TU 801 / EX 790

BofA Cash Rewards Visa Sig $18,700 /Citi Double Cash $18,600 / Barclaycard Rewards $8,900 / CapOne QuickSilver $9,450 / BofA BankAmericard Visa $6,500 / Discover It $5,300 / Chase Freedom $1,500 / Lowe's $20,000 / JCP MC $10,000
Message 7 of 8
Highlighted
Contributor

Re: CAPITOL ONE NOT REPORTING CREDIT LIMIT?

Thanks!

Message 8 of 8