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Need advice - Capital One

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tussking
Established Contributor

Need advice - Capital One

After combining all of my Cap 1 cards into ONE.

I have a Visa SIg QS with a 31.6k limit.

I finished combining in Jan/Feb. 

I let the card sit for 2 months with no usage.

Just came back from a long trip and put 3k on it. 

Do I pay it off in full or let some balance sit on there for good accounting ?

I don't mind paying a little interest. What I don't want it is Cap 1 to lower my CL because I am not utilizing it !

If they would give me a BT offer I would move about 10k over but they haven't.

Just trying to be smart as they have been so good to me since my discharge.

Discharged BK7 - 7.16.15
Current Fico8 - (8.2022) EX - 744/EQ - 728/TU - 740
Message 1 of 3
2 REPLIES 2
HeavenOhio
Senior Contributor

Re: Need advice - Capital One

Don't pay interest. If the statement has cut, go ahead and pay in full. The underwriters like that.

 

If the statement hasn't cut, the decision becomes how much you'd like the statement balance to be. 3k should be fine. It's a substantial amount without over-utilizing.

Message 2 of 3
tussking
Established Contributor

Re: Need advice - Capital One

Payment due 22nd. But I guess I wont pay interest till next month. So I can let it cut and then pay it off.

Discharged BK7 - 7.16.15
Current Fico8 - (8.2022) EX - 744/EQ - 728/TU - 740
Message 3 of 3
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