Cap 1 secured card cli

[Wolf3]

---

@jnydc wrote:

History has shown that secured card holders are getting an unsecured increase in and around the sixth month...  I am just wondering if th increase is proportional to the deposit?

---

I got $300 increase even though I use the card to almost 90% most months and PIF.  My total utilization is very high right now (70 to 80%), also.  

My guess is that size of deposit is a factor as well as heavy usage of the Cap 1 card.   

When the card gets to the 12 month review, I plan to juice my scores by paying early so I get a <9% reporting utilization   Can't wait to see what happens.

[Anonymous]

What is a 9% reporting utilization fo?r

[jnydc]

Many suggest outstanding credit to be below the 10% sweet spot...supposed to be the maker for low utilization with FICO.  Once you're above that you start to get dinged in most credit buckets for "making heavy use of credit"

[Wolf3]

Utilization counts for 30% of FICO score and under 9% is considered the best percentage for highest FICO score.