Ive had my capital one card for 7 months now. Starting with a 500.00 credit limit. I missed my payment in December by mistake, I was charged 15 for a late fee. And it showed up on my report twich. The late fee then put me over the limit. So in January, I started reading Fico Forums, and noticed that in order to improve my credit I needed to get my card down to 9%. So as soon as the statement posted I paid it down. Not paying attention to when it was reported. So then I found out about the reporting. Needed the money before it reported again, but knew I was going to be paid again, so I charged it back up again. But then paid it down to 9% 4 days before payment was due. Waited until after the statement posting date. So I go and check it today. I did send them a email yesterday asking them If I had ever set up a cash advance pin. Today is the day after my statement date. And low and behold they raised my credit limit 250.00! I didnt even ask, and I didnt think it would happen. The only thing I can think of is because last month I made two payments totalling 825 so maybe they figure I could afford an increase? Or maybe because Im over 6 months? I would think with the late payment I had recently they would never give it to me. Im so shocked. How will it affect my Fico score I wonder. Although I did break down and open a orchard bank card last month. So Im sure my score will go down a little.
