CapitalOne CLI question

[GApeachy]

i have au's tho...thats why.

[AverageJoesCredit]

2k is 2k lol,

[HeavenOhio]

@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.

[Aim_High]

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@GApeachy wrote:

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@Aim_High wrote:

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How big is that credit line LauraC ?

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$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.

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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. 

[GApeachy]

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@Aim_High wrote:

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  Anything over 90% is definitely to avoid. 

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I DOoooooo know that one, for sure  thanks!!!!!!

[Aim_High]

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@GApeachy wrote:

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@Aim_High wrote:

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  Anything over 90% is definitely to avoid. 

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I DOoooooo know that one, for sure  thanks!!!!!!

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  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.