Put spend on capital one or discover it?

[Anonymous]

Sorry! Another question guys!

Im trying to get better credit and better credit limits on my 2 credit cards. I currently have a capital one platinum card with a limit of 300 enrolled in steps. Also i have a discover it with a limit of 500 in the mail.
Im not going to put anything on my cards thats not in the budget, but should i concentrate all my spending on the discover card since i get cash back match or should i put all the spend on my capital one that i can to get a good credit limit increase.
I will continue to charge something on the cards and pif as it posts to utilize the small limits. Thanks guysa

[Anonymous]

Discover it - people are too affixated with clis imo. They don't really do anything for you, long term that capital one card is just to get your footing, while the discover is the one you will keep for regular spending. Why should now be any different? What's the point of a CLI for a card that doesn't really give you any tangible benefit to actually put spend on?

[Anonymous]

I was going to PC to platinum to the QS at 6 months. But i deffintly see your point. Thanks!

[Anonymous]

I would split purchases between the two cards.

A challenge with working through low limits is that even making prudent purchases may mean high account utilization.

Until you get limits higher it might make sense to pay bills well before they are due in order to lessen utilization reported.

If you know on what days those issuers report to credit bereaus, I would suggest making  online payment a few days before those dates. If you really want to optimize, pay off one card completely before balance gets reported. Make very small purchases on the other card but pay in full by the due date making certain the payment gets made in time.

To maximize FICO score you want all cards reporting zero except one card reporting more than zero but less than 8.9 percent utilization.

You want to show spending on the cards so that the issuers can justify credit line increases but you also need to get your scores up.

[AverageJoesCredit]

Discover for spend, C1 for a recurring monthly bill like Netflix maybe.

[CribDuchess]

Discover gets my vote.  It's 2% cash back for the first year (10% back on category spend).  Congrats on your new Discover card!  Don't worry about the $500 starting limit, it will grow.  My son started with a limit of $1,000 and it's now at $5,500, all via soft-pull CLI requests.

[Anonymous]

Ive been reading on the forums that capital one likes a ton to spend and they will reward you with a much higher limit, and discover likes smaller spend. Is there any truth to this?

[AverageJoesCredit]

Cap One may like lots of spend, lol who doesn't? But you wont see huge growth on their starter cards. Id use it to advance your profile and move up their rank of better cards if you choose to continue with Capitol One. I can't get one but 3 hps for every card is too steep for my taste.

[Anonymous]

Base your spending on maximizing rewards, let CLI chips fall where they may, don't lose sight on why you got CCs to begin with.

[AverageJoesCredit]

Lol Oldman87, i didnt get cards just for rewards but to establish my credit but i hear ya. Best to get cards that give back then give nothing