07-09-2012 12:35 PM
At this point, it would seem that Capital One would have already reported a balance of $148 to the credit bureaus - a utlization of 29.6%. That is not great for FICO purposes.
The time to Pay in Full -or- leave a small amount is before your statement cuts (before the cycle ends, before you get the bill).
To get the most use out of it, pay all or most of the balance, before you get your statement. Play around with 1-9% balance reporting and see what works best for you.
Keep track of what you put on the card during the month, or check it online 5-10 days before the statement cycle ends. Make the payment before the end of the billing cycle, leaving nothing or close to nothing on your statement.
2011 - Debts paid
2012 - Rebuilding started - EQ myFICO 636
2013 - Student Loan, 3 CC, auto loan - EQ myFICO 663