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CapitalOne CLI question

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GApeachy
Super Contributor

Re: CapitalOne CLI question

i have au's tho...thats why.
My Take Home Pay Don't Take Me Home
Message 21 of 26
AverageJoesCredit
Legendary Contributor

Re: CapitalOne CLI question

2k is 2k lol,
Message 22 of 26
HeavenOhio
Senior Contributor

Re: CapitalOne CLI question

@GApeachy, you're fine. 2k isn't a lot for most income levels. From my experience, Capital One would like to see you spend even more. Smiley Happy

Message 23 of 26
Aim_High
Super Contributor

Re: CapitalOne CLI question


@GApeachy wrote:

@Aim_High wrote:

How big is that credit line LauraC ?

$5.5k and I usually run 2k through it a month....so that concerned me a little. I pif 2 to 3 times/month so they can get to know me.  But if that's too much for my limit, I'll dial it back.


That should be fine.  If you were paying once a month, you UTI would be at about 36% which would start to affect your scores more.  Lenders are usually fine with that level of spend, though, in the grand context of things as long as you're not overstressed on other debts in addition.

 

But if you're paying multiple times a month, that probably has minimal impact on UTI even. 

 

I've always heard optimum is about 1% to 8.9%.  Shows usage without dropping scores.  In your case, that means ideally you want to be under about $500 by the time your statement cuts on that CL.  I think there are break points as you get higher - 30% ($1650), 50% ($2750), etc.  Anything over 90% is definitely to avoid. 

 


Business Cards


Length of Credit > 40 years; Total Credit Limits >$936K
Top Lender TCL - Chase 156.4 - BofA 99.9 - CITI 96.5 - AMEX 95.0 - NFCU 80.0 - SYCH - 65.0
AoOA > 31 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 24 of 26
GApeachy
Super Contributor

Re: CapitalOne CLI question


@Aim_High wrote:

  Anything over 90% is definitely to avoid. 

 


I DOoooooo know that one, for sureSmiley Wink  thanks!!!!!!

My Take Home Pay Don't Take Me Home
Message 25 of 26
Aim_High
Super Contributor

Re: CapitalOne CLI question


@GApeachy wrote:

@Aim_High wrote:

  Anything over 90% is definitely to avoid. 

I DOoooooo know that one, for sureSmiley Wink  thanks!!!!!!


Smiley Wink  You're welcome.  

I'm always shocked when I see people expecting to

transfer 99.99% of their limit onto a brand new card!!

Makes me cringe.   Smiley Frustrated


Business Cards


Length of Credit > 40 years; Total Credit Limits >$936K
Top Lender TCL - Chase 156.4 - BofA 99.9 - CITI 96.5 - AMEX 95.0 - NFCU 80.0 - SYCH - 65.0
AoOA > 31 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 26 of 26
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