Cap 1 Reporting

[Anonymous]

I recently got a Cap 1 with a $300 CL. I maxed it out with a BT, and got the first statement with a $15 minimum due. I paid $25 online so they are gonna report a $275 high balance in the next 10 days. Once they report, I'll pay it down under $24.75 so the util is under 9%.

They've promised me a CLI to $500 if I pay it ontime the first 3 months. Once that happens, I'm going to max it out again by depositing a convenience check, and once they report a new higher high balance, I'll again pay it down under 9% util.

[SoulSmilen]

Thanks smallfry; to clarify, I'm asking about balances not payments.

[SoulSmilen]

Thanks Noah, this is closer to what I was trying to get answered. So the answer is 'yes' they will report a higher balance at a later date, correct?

[Anonymous]

They will report a higher high balance when the high balance goes higher.

[SoulSmilen]

LOL.. thanks!