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Is it true Capital One loves it when people carries a balance?

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Anonymous
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Re: Is it true Capital One loves it when people carries a balance?

Skymogul pretty much hit the nail on the head in this thread. There are two perspectives in play here. 1. from a company standpoint 2. from a consumer standpoint

 

If you think companies love consumers who use their card and pay in full on a consistent basis, you're sadly mistaken. Why on earth from a company standpoint would I favor somebody with the same credit line (lets say 20K) who uses their card every month but pays in full every month over the guy who carries a big balance and pays just the minimum?  As long as the guy who carries a balance is paying the minimum each month, he or she will always be favored over the person who pays in full each month.

Message 31 of 32
Anonymous
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Re: Is it true Capital One loves it when people carries a balance?

When you speak about keeping utilizations low on your credit cards and not carrying big balances, you're speaking on behalf of yourself not the company. There's a big difference.

Message 32 of 32
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