I just got a Cap1 card last month (early November) with a 3,000 CL. I had originally read (here) that they were reporting only your high balance so, I charged it up and have been paying it off as I charge. I contacted Cap1 and asked for an explanation of what balance would be reported when and the guy I spoke with said it would report the balance on the 18th (statement date) and I just wanted to cry b/c my balance was like $1,800 on the 18th b/c I didn't pay until the 20th. I just pulled my reports today, and there still isn't anything on them - they aren't even showing the account! Can someone please explain what date they pull your balance from and when they report. Oh, and also, whether Cap1 is now reporting your true CL regardless of high balance? Thanks!!!! I'm so close to 700 now and I don't want to ruin it!
I am not sure when they report, but just pay down the balence and ask them to re-report for the month. Just say you are applying for a mortage and you need the most updated info.
If the high balence is only on for a month it'll only harm your Credit Score for a month.
Cap1 is now reporting your credit limit.
When did they start this?