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Established Member
Posts: 23
Registered: ‎04-14-2012
0

? for anyone that had a Capital 1 increase

Do you guys pay/paid interest on your credit card?

4/20/2012 FICO Equifax - 628, Transunion - 661

Capital 1 Platinum Rewards Opened 10/2011 - 4,500 CL, $3 balance
Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: ? for anyone that had a Capital 1 increase

I would say it YMMV, the ones who get the increases are generally the ones who have held the account for years and years with a small limit, but there are exceptions.



EQ FICO 548 3/3/16
Valued Contributor
Posts: 1,340
Registered: ‎09-11-2012
0

Re: ? for anyone that had a Capital 1 increase


jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.

 

Anyway, I took the CC from her until she paid it all off. Smiley Very Happy

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Established Contributor
Posts: 930
Registered: ‎07-30-2011
0

Re: ? for anyone that had a Capital 1 increase

My card went from $300 to $500 after three months and then jumped to $1800 after a year and remained there ever since.  During the period from opening the account to the $1800 jump I carried a decent balance on it every month.  I haven't carried a balance since then and I haven't gotten any CLIs, but I don't know if correlation = causation.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

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Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: ? for anyone that had a Capital 1 increase


armbenderc wrote:

jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.

 

Anyway, I took the CC from her until she paid it all off. Smiley Very Happy

 


Smiley Surprised

 

Smiley Very Happy

 




EQ FICO 548 3/3/16
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: ? for anyone that had a Capital 1 increase


jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


I rarely pay interest on any CC.   I have CLI on 3 Capital One cards, and I have never paid any interest on them.  

 

I don't think paying interest ever helps your credit, it only costs you money.    

 

Mega Contributor
Posts: 15,453
Registered: ‎04-09-2011
0

Re: ? for anyone that had a Capital 1 increase


Wolf3 wrote:

jacksonvillejaguar wrote:

Do you guys pay/paid interest on your credit card?


I rarely pay interest on any CC.   I have CLI on 3 Capital One cards, and I have never paid any interest on them.  

 

I don't think paying interest ever helps your credit, it only costs you money.    

 


Totally agree!!! Smiley Happy

 




EQ FICO 548 3/3/16
Contributor
Posts: 85
Registered: ‎03-22-2012
0

Re: ? for anyone that had a Capital 1 increase

I just got a $500 CLI from Cap1 and always PIF

Super Contributor
Posts: 7,530
Registered: ‎12-11-2011
0

Re: ? for anyone that had a Capital 1 increase


darkpearl wrote:

I just got a $500 CLI from Cap1 and always PIF


That sounds like a credit step CLI...

 

6th statement? 



Contributor
Posts: 85
Registered: ‎03-22-2012
0

Re: ? for anyone that had a Capital 1 increase

Yeah, I'm still amused by that if it really is true. No negatives ever, not even my first credit card. Oh, Cap 1...

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