topic Re: Credit Card highest limit question in Credit Cards

Credit Card highest limit question

mikey78 — Wed, 31 Jul 2013 00:43:41 GMT

My capital one reports that my highest limit spent 2598
My limit on that card is 2500 is that bad or hurt me with potential lenders ??

My other cards that were closed also has limit spent past my card limits

Re: Credit Card highest limit question

Anonymous — Wed, 31 Jul 2013 01:57:25 GMT

yes its pretty bad, you sould try to bring it down below $250

Re: Credit Card highest limit question

Anonymous — Wed, 31 Jul 2013 01:59:20 GMT

@Anonymous wrote:
yes its pretty bad, you sould try to bring it down below $250

I think the OP is talking about the high water mark, not current util, so he/she may not be able to bring it down.

Re: Credit Card highest limit question

Walt_K — Wed, 31 Jul 2013 02:03:25 GMT

It isn't bad. You could have had a $10K credit line at one point and voluntarily had it reduced. You can't assume that you went over limit because of the high balance in comparison to the current limit.

Re: Credit Card highest limit question

Anonymous — Wed, 31 Jul 2013 02:41:55 GMT

Oh guess i miss understood, I see now yeah that should not matter

@Anonymous wrote:
@Anonymous wrote:
yes its pretty bad, you sould try to bring it down below $250
I think the OP is talking about the high water mark, not current util, so he/she may not be able to bring it down.

Re: Credit Card highest limit question

TNTransplant — Wed, 31 Jul 2013 03:15:04 GMT

@Walt_K wrote:
It isn't bad. You could have had a $10K credit line at one point and voluntarily had it reduced. You can't assume that you went over limit because of the high balance in comparison to the current limit.

+1. Exactly.

Re: Credit Card highest limit question

CreditScholar — Thu, 01 Aug 2013 06:42:20 GMT

@Walt_K wrote:
It isn't bad. You could have had a $10K credit line at one point and voluntarily had it reduced. You can't assume that you went over limit because of the high balance in comparison to the current limit.

Or you could have had your CLs re-allocated to another card.

Re: Credit Card highest limit question

Anonymous — Thu, 01 Aug 2013 12:51:27 GMT

Yeah.. You could have had a CLD for all they know. If it bothers you though, try the EO for a CLI anyway? That elimates the problem plus your UTL will be better!