Spark Classic approved

[911gt34life]

Just got approved for my first business credit card only 300.... this account report to business or personal ? 

[JoeRockhead]

Congratulations on your approval. 

[citymunky]

---

@911gt34life wrote:

Just got approved for my first business credit card only 300.... this account report to business or personal ? 

---

Both

[pizzadude]

---

@911gt34life wrote:

Just got approved for my first business credit card only 300.... this account report to business or personal ? 

---

Congrats on the approval !   Cap1 biz cards will report to both personal and business, with the exception of their NPSL cards which have been reported to NOT show on personal reports. 

[MAT01]

I would encourage you not to remain a Capital One Sparks customer in the long term for there is no future in it. There is no building a business relationship with that company and I will explain.

For years now, I’ve had 2 Capital One cards. Zero late payments on all credit cards, statement balance paid in full every month on all credit cards, FICO 8 score ranging from 815 to 841, less than 8 percent utilization combined on all credit cards and only 1 new account in the past 3 years. Total open credit cards is 7, 1 small mortgage loan.

It took years to get our Sparks credit limit to $34,000, on July 10, 2024 Capital One reduced the credit limit to $10,000. In addition, no warning of an account review or anything else.

The reason for their action; not enough spend.

But at the same time, it was okay to have a heavy spend on my Savior card, receiving a whole 1 percent back.

In summation, I was an excellent Capital One customer for years and this was their thank you. I’m here to tell you; no matter how you view it, that is destructive.

I made 3 phone calls in an effort to have it changed and I’m done calling. Both my Sparks and Savior accounts will be closed ASAP.

I will be taking a FICO score hit due to the age of my accounts. But if you don’t say no, before long all credit card companies will be doing this.

[pizzadude]

---

@MAT01 wrote:

I made 3 phone calls in an effort to have it changed and I’m done calling. Both my Sparks and Savior accounts will be closed ASAP.

I will be taking a FICO score hit due to the age of my accounts. But if you don’t say no, before long all credit card companies will be doing this.

---

Just to clarify, your FICO scores won't take a hit due to AAoA, as both open and closed accounts are included in this calculation.

You'd only lose points if your revolving utilization increases as a result of losing these credit lines. 

[Friendlyfranknbeans]

meh spark is fine. Cash back is better than nothing. Recently they are super anal with CLI. Either they love your or hate you. 

[MissLiz]

That's awesome! Congratulations!

[MissLiz]

---

@Friendlyfranknbeans wrote:

meh spark is fine. Cash back is better than nothing. Recently they are super anal with CLI. Either they love your or hate you. 

---

CapOne loves to hate me. I've had my Spark for two years and have been denied a CLI every request. It has a $1000 limit, but I use the heck out it. 

[creditrizz]

CapOne has some weird practices with their biz cards.  Some features are awesome like the weekly autopay, virtual cards, etc and I wish chase and amex would offer that.  But then reporting on personal credit? I end up not wanting to use their biz cards much as the statement close date approaches cause I don't want some big business purchase to sneak in and use up up my personal utilization before i have a chance to pay the card off.