@TimeLBK wrote:
JUst got my 2 cards a few days ago. What should I put on them...very little/30% of credit limit or 90% of credit limit, and then pay off in full when 1st statement comes, or pay at least $50/month if I max them out? In other words, what is the BEST scenario to get my cards 3x their limit by the 3rd statement?
Your guess is as good as anyone else's!
Cap1 is weird. What works for some, doesn't for others. There doesn't seem to be a rhyme or reason. It's like the reviewers of these PCs and CLIs smoke rocks all day and figure out ways to mess with the MyFico community!
I will say that, 1) MOST people say heavy spend works the best, but it's not guaranteed to work. Obviously most CCCs like usage. That's how they get their money from most people. 2) Don't let a high utilization report on your statement, that's just good credit behavior. If your CL is $500, and you can have the means, make large purchases and pay it off multiple times every month. If you want something to report, make sure it's under 10% of your CL. I will note that I have noticed most people getting a CLI with high utilization at the time they hit the luv button. There might be a trick to that! Load up your card after your second statement, get it to about 50%, if you have the means to pay that off, and then hit the button. Every time I ask for a CLI on my wife's cards, utilization is always well under 10%, and no dice on the CLI.
This isn't AMEX, I highly doubt you'll get a 3x increase by your third statement. With Cap1, you just have to be patient. Like I said, there's really no rhyme or reason to what they do.
Good luck!
