Does capital one balance chase?

Anonymous · ‎02-06-2016

Does anyone know if capital one balance chases? I have carried a balance on a card for over a year, but now that I am able to pay it off I'm worried that they will decrease my credit limit...

CH-7-Mission-Accomplished · ‎02-06-2016

No, they don't. That is one of their best points.

My ex carried a 25K on a 27K limit for 10 years, finally paid off with a refinance, and they didn't touch the limit. I had a similar experience.

Anonymous · ‎02-06-2016

Thank you!

Shogun · ‎02-06-2016

Shouldn't be a problem, plus you will be getting rid of that interest. Congrats!

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Anonymous · ‎02-08-2016

Thank you!

Anonymous · ‎02-08-2016

Capital One is one of the easiest credit card companies to deal with, if not the easiest and the best. If you treat the card well, they will take care of you 10 fold. You don't have anything to worry about with them especially balance chasing.

Anonymous · ‎02-09-2016

Thanks so much!!!

Anonymous · ‎02-09-2016

@Anonymous wrote:
Does anyone know if capital one balance chases? I have carried a balance on a card for over a year, but now that I am able to pay it off I'm worried that they will decrease my credit limit...

Like other folks have said, I don't believe CapOne balance chases,, last year I paid off a $2,400 balance down to $0 and they never decreased my limit, in fact they gave me a CLI not long after that

Best of luck!

Anonymous · ‎02-09-2016

My balance is also 2,400... Carried it for over a year... I have never gotten a cli on that card, minus the credit steps, even after hitting the luv button about 20 times... I'm also concerned because my score has dropped over 100 points in the last 3 months... Not sure how capital one will feel about that... I have always made on time payments... Usually just the minimum....

Anonymous · ‎02-09-2016

What caused the point drop?