cancel
Showing results for 
Search instead for 
Did you mean: 

CapitalOne CLI question

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Valued 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
Community Leader
Mega Contributor

Re: CapitalOne CLI question

2k is 2k lol,
#ChaseCreditCardHobby Enthusiast
2022
!
Message 22 of 26
Community Leader
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
Valued 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. 

 




Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 26+ years;
AAoA = 9+ years; AoYA = less than 1 year (Nov 2019)
Total Open Credit Lines Over $440K. Utilization Less Than 1%. Inquiries until May 2020 (TU:2 -- EQ:2 -- EX:6)
*Hover cursor over each card to see name, CL
Message 24 of 26
Valued 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
Valued 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




Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 26+ years;
AAoA = 9+ years; AoYA = less than 1 year (Nov 2019)
Total Open Credit Lines Over $440K. Utilization Less Than 1%. Inquiries until May 2020 (TU:2 -- EQ:2 -- EX:6)
*Hover cursor over each card to see name, CL
Message 26 of 26
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.