I need points fast! Please help with Capital One credit card

[coldnmn]

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@Anonymous wrote:

Yes this is my only credit card. I opened it up in December. Come Feb I had paid my first minimum payment of $25 of balance $100 and by score went up 20+ points. Now I make a purchace and do min pament i notice im losing points. I always let my payment reflect before statement closes.

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1%-9% is ideal on one credit card reporting when statement closes. Once statement posts pay in full if possible to avoid interest. The reason for 1%-9% is some get a better score at 1% and some get better credit scores at possibly 9% it's something you have to play with to get your maximum score. Trust most of the people paying it forward most of us have been in your shoes. Good Luck!

[Santi78342]

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@Pway wrote:

To maximize your scores it is suggested that you have atleast 3 tradelines open and reporting.  With only one I see, 1-9% is where you want to be when that statement cuts each month. 

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This is true OP. But as I'm sure you already know, don't app for anything until you close.

[Anonymous]

This is my only credit card open. Do my furniture accounts count as tradelines? Such as conns furniture account? I have that open.

[Anonymous]

pay that thang down quicker than asap! 

[dropluvnotbombs]

Do as others are saying, only let 1%-9% of the credit limit report. For a $300 limit that would be anywhere from, $3-$27.(3 days after your due date). You should never just pay the min payment. Always pay the statement balance in full every month, so you will not be charged with unnecessary interest. After you pay the statement balance by your due date, maybe charge something small like $10 and let that report on the statement balance, again always just 3 days after for due date for Capital One. & Yes no new apps or anything credit related before your mortgage closing. After your mortgage gets settled, you should apply for 2 new cards, of your choice, and only let one report a balance of 1%-9% of the credit limit and let the other two report a $0 balance. But switch out which one has the balance and which ones reports $0.

[coldnmn]

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@Anonymous wrote:

This is my only credit card open. Do my furniture accounts count as tradelines? Such as conns furniture account? I have that open.

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Yes it does! It would be included in your total utilization. It can help if it has no balance as you can carry a larger balance to maintain your 1%-9% utilization on one card. But it can hurt if it has a balance and raises your utilization. When we say 1%-9% doesn't mean you can't spend more. You can use your credit limit without going over just have it paid down to 1%-9% on one card before statement closes.

[Anonymous]

I have the following accounts:

Student Loan: $6,671

Conn's Furniture: $713

Conn's Furniture: $1,222

USA Discounter's (furniture): $1,082

Capial One: $120.45

 I need a drastic score change....please advise

[Anonymous]

Yep, $25.00 would be best. 

[Jpmack29]

Keep making timely payments, keep your utilization low ( the percentage thats being advised), avoid inquiries and with time your score will start looking alot better. Then later maybe 6 months or so, app for more and or better cards, cli's ect

[Anonymous]

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@Jpmack29 wrote:

Keep making timely payments, keep your utilization low ( the percentage thats being advised), avoid inquiries and with time your score will start looking alot better. Then later maybe 6 months or so, app for more and or better cards, cli's ect

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Right, but OP is trying to close on a house in July