Capital One Secured CC Only Reporting 2 Points?

[Anonymous]

Hi, I'm wondering why I've been getting only 2 points reported to my score each month, even when I use my credit card often and pay it off fully before the 3rd, which is the billing date.

The credit line is $200 and I spend around $10-$20 at a time when I use it. No really large purchases, and you can tell me how that utilization looks.

For the past 3 months, my credit persistently went up by two points, no matter how much I spent or paid off. When I received the first change to my credit two months after I bought the CC, it reported 75 points. Why on Earth is it sticking to 2 points now?

Thanks.

[Anonymous]

I'm not sure what you mean by reporting 2 points per month.  I think your understanding of how scoring works may be a bit off.  First of all, where are you getting your score from?  If it's from your Capital One account, it's a VS 3.0 score, which is not a FICO score, therefore it's unmeaningful and can be ignored.

You don't get points from spending money on a card, making payments and repeating the process.  A FICO score is generated based on your profile data at any given moment in time and doesn't take into account utilization history.

If your [reported] utilization on the card is kept below 8.9% ($17.80 or less on a $200 limit) you'll be maxing out your FICO scores with respect to utilization.  If you report over that amount, your score would drop.  If it dropped and you then reported under that amount again, your score would go back up to where it was previously.  There's going to be no constant growth from utilization if you're already in an ideal place.