Capital One Luv or no Luv???

I have two capital one regular platinum cards. The CL are $1400 and $2000. Utilization is 50% no missed payments. I recv'd minor ($300) increases on both cards back in March 2015. I hit the love button last week (3 months out) and was denied. Although I've been reading to wait 6 months with Cap1, I've been a member since 2004 and rarely had any increases. I know this was primarily due to high utilization (over 70% on all accounts) but said what the hell and called the EO to ask for manual review for CLI. The rep told me she would upgrade my cards to Quicksilver cards but said she submitted the manual request for increases and I would receive a letter in the mail in 7 - 10 days. I mumbled, "so I am denied, right?" and the rep said, "no it REALLY is under submission." Is that just EO jibberish for denial, or has anyone had luck w/ cap1 CLI after getting 7 - 10 day letter talk from EO??

My experience with Cap One has been great. I've contacted the EO once and got an increase within 2 days. Funny thing is that I have NEVER received a letter informing me of that increase, I just kept going into my account and noticed the new CL. They do send your file to a credit analyst for a review. I was given the 7 to 10 day window for a response. It definitely doesn't take that long. I've had great luck with CLI with Cap.One. I keep my utilization between 15 to 22% and I pay them at least twice a month. Good Luck!

Similar Messages

Capital One Luv

Thought that Capital One had forsaken me. Have Venture One for almost 3 months now. Started hitting luv button after 2nd statement. Result-$250. Thought, "Are you kidding me? Really?". Refused increase. Kept doing this every couple day; same result. Finally went on this morning thinking another $250. Got the shock of my life-$2000. Took offer before they changed their mind. Venture One went from $3000-$5000. Now 6 accounts over $5K. Good job for a rebuilder.

Way to go, gotta Cap1!!!

Capital One official sponsors of my sock drawer.

So I have this cobranded cap1 card (union plus card). Over 18mo old with the same crappy 1k limit. Tried for a cli a while back no go. Denied because of a "lack of experience with current CL" LMAO with a 18k Amex and 8.5k discover I found it rather amusing. Ever since the luv button stated a required HP, since I was in the mortgage process I never bothered. Closed on my house last Friday, I figure what the heck,
I'll give it a go. Tried for 4000 probably should have went higher...congratulations new limit 1200. $200 for a HP, you have to be kidding me, can't wait to see what BS the 7-10 day letter says.
Back to the drawer, I'll use it for a new pair of socks in 6mo.
Can't they be honest with their reasons. I know it gets very little use but with a 1k limit and 19% APR why would it. Where's the competition.

OpenG wrote:
*Update *
Finally received the 7-10 day explanation letter. I asked for 4k the letter basically states that $200 is "the most they can offer". Wow this takes conservative to a whole new level. $200 after over a year of having this acct, just think in ten years a could have a 3k limit.
I'm thinking it may not have been a HP after all, as the letter didn't include a CS or the free report option. So that's good. Just wish I had a more useful limit. I'll try again soon and see what happens.If it wasn't a hard pull, then go onto Capital One's site and apply for Venture and Quicksilver - same day should be one set of pulls (no guarantees here)

Capital One AutoLuv!

So, as many of you know, I was recently approved for a Venture with cap1 and got a nice SL of $10k. Well, shortly after applying, I decided to go onto my account and ask for a CLI on my existing QS Visa, and I got the 2-3 day message. Note I had recently gotten a $500 CLI via luv button maybe 2-3 weeks ago. Well today, I logged onto the wallet app to check on my account, and when I looked at the available credit, it had jumped up another $500 to $1.3k! Thanks capital one!

Congrats on your Cap One success!

Capital One CLI!

So I was getting pretty peeved with Capital One this week. My statement cut on the 6th, which marked one year of having my QS1 card. I pressed the luv button, and... nothing. Tried several times a day for days... nothing. Finally, this morning, I hit it to the tune of a $500 increase. I'll take it! And I'm taking note that my date is the 10th for this card lol. Now if only they would let me upgrade to the QS with no AF. Got shot down in chat today Although, once I pay off my balance, I can combine it with my other QS, so I guess it doesn't matter as much.

Congrats

Justice Credit Card-Capital One

I'm in the process of closing this card. Will make payment at the end of the month and have a zero balance and close it. When it switched over to Capital One last month, pushed the luv button to see if I could get a CLI. Was told to contact number listed in email sent. Called number. Spoke with CSR who stated that initiating request could possibly result in hard pull. I have a Kohl's card, which is Cap 1 too, and told the same thing, but never has resulted in HP. Well this time it did. Was given a HP on EQ and did not get the increase. Sent email to EO office about how ridiculous it is to get an HP on a store card. Spoke with someone from the office who said that could she not remove the HP, but could initiate a manual review for a CLI. Told her why would I want that when it wasn't as if I was getting a bank card. Discussed how this could discourage people from getting the card. Just letting the forum know that this change over from Comenity is not turning out to be positive.

Yes. It has the option on the website to request a CLI, so I pushed the button, and got a response that they would send a reply by email. Then I got an email saying I needed to call in and from there it went downhill. It is ridiculous because it' not like it's Nordstrom's or Neiman Marcus. It's Justice for goodness sakes. Kohl's does SP for CLI and it is Capital One, but not this card. Anyway, it will be paid off and I'll be done with it.

Capital One Suddenly Generous with CLIs

A few week back I used the 'luv' button to request a CLI for my QuickSilver One Mastercard (which I will likely close if they don't help out with the annual fee - but that's in a different thread) and was pleasantly surprised when they gave it a $1000 increase - more than 50% of the previous limit. I have a QuickSilver Visa Signature I intend to replace it with that has a SL of $5K. Just a few days ago, the 4th statement was generated so I figured what the heck, let's hit the button and see what happens on the Visa, not expecting much especially since I had such good luck just a few days ago with the other card. I was immediately offered a $2K increase, making the new CL $7K I know there's been reports of folks getting Venture cards with nice SLs, but this post is regarding CLIs on existing accounts. My poor MasterCard with them struggled for years to even get a $200 increase, much less an increase in the thousands. Are they finally realizing they have been leaving money on the table by forcing customers to other banks, or do you think this is just a 'fluke'? I'm not one to question good luck, but I figure I'm among friends here, so I'm reaching out to see what you think.

Littlewing745 wrote:
UncleB wrote:
Littlewing745 wrote:
UncleB wrote:
A few week back I used the 'luv' button to request a CLI for my QuickSilver One Mastercard (which I will likely close if they don't help out with the annual fee - but that's in a different thread) and was pleasantly surprised when they gave it a $1000 increase - more than 50% of the previous limit. I have a QuickSilver Visa Signature I intend to replace it with that has a SL of $5K. Just a few days ago, the 4th statement was generated so I figured what the heck, let's hit the button and see what happens on the Visa, not expecting much especially since I had such good luck just a few days ago with the other card. I was immediately offered a $2K increase, making the new CL $7K I know there's been reports of folks getting Venture cards with nice SLs, but this post is regarding CLIs on existing accounts. My poor MasterCard with them struggled for years to even get a $200 increase, much less an increase in the thousands. Are they finally realizing they have been leaving money on the table by forcing customers to other banks, or do you think this is just a 'fluke'? I'm not one to question good luck, but I figure I'm among friends here, so I'm reaching out to see what you think. I'm curious to hear what others think as well. I have a Cap One QS1, and I have been absolutely battling them for an adult level of credit for months. It started at $300 in July 2014 - I was subprime, for sure - and completed credit steps. I had used just about the full $300 and PIF every month. Got a measely $200 increase to $500 in January, but i didn't complain. Few months later, I tried an CLI, denied. Was told there had been a change in the account. Of course, they were referring to the $200 increase. So, I let it go, and apped for other cards. Well...no one gave me a limit under $1500, and that was Discover (who is conservative, anyways). My next lowest was $3500. Ringed back Capital One and, long story short, had to escalate all the way to the EO to get the card *up to* $1,000. So basically, because Cap One is being stingy, they are still viewing me - and lending credit to me - as if I'm subprime. Wee bit irritating. I had explained to them that though the QS1 gave me 1.5% cash back, the annual fee and $1000 limit hampered use for me; my NFCU cashRewards is the same reward structure, but with no annual fee, an $8,000 limit and even a lower interest rate. No dice. Heck, even my Merrick Bank still has a higher limit. Embarrassing. I'm planning to hammer my QS1 with charges for 2-3 more months - paying down a couple times a month - and see if they get the message. If I can't get a bump after that, it's definitely a candidate for closure, since it's only 1 year old.Littlewing, have you checked out the pre-qualification site yet to see what they show you good for? I was equally disgusted four months ago due to dealing with the same type stuff you describe (before these latest CLIs, my last one was for only $200). I'm with you, it seems easier to just re-app for another card, in my case it was another QuickSilver (but the Visa Sig instead) with no annual fee and a starting line more than double the credit line on the old account, which has taken me eight years to even get as high as it is now. (This much is certainly well-documented) See what they show you pre-qual'd for, and if you like what you see it might be worth your sanity to bite the bullet and take the HPs just to be done with it. For me, "protecting" my report from HPs is not worth as much as the piece of mind I have now knowing I don't have to call and "beg" each year for them to throw me a bone for the annual fee on the new account, and if I choose to do so for the old QS1 MasterCard it's not because I have to. Many folks don't mind sending email to CEOs, waiting for call-backs that may or may not come, or calling a list of backdoor numbers, but I think I've decided I've grown tired of feeling likeI am always begging them to do business with me, either by waiving an AF or giving me a (until recently) $200 increase. Ironically, going by their willingness to approve the QS Visa a few months back, it seems it's not me they have an issue with but strangely it's the account itself. It's too bad they don't realize it's the same person behind *both* accounts, but they don't... we're just numbers. If the nice CLIs on the QS1 Mastercard had come a little earlier, this could have been a very different conversation.Yeah, I'm very seriously considering that. I try to time my apps so that everything in on a June/July and December/January cycle for increases. SO...I may be getting myself a Christmas Venture One app, haha.LOL... I like that plan. Here's an idea; even if you aren't ready to actually app for a new account, the pre-qual site will at least tell you which cards you are good for and what the interest rate will be. That's actually what pushed me into 'taking the plunge'; once I saw that I wouldn't get the highest rate as I had feared would be the case (they gave me a not-great-but-not-horrible 17.9%) it made me pull the trigger. As a side-note, the interest rate offered on the pre-qual was spot-on with what I was actually given on my new account. If the rate is higher than you would like, or you don't get offered that Venture, you can always try back later. Or if you get pre-qual'd for a fantastic rate, you can still wait and know you have something to look forward to. Even more importantly, you'll know that all the calling and emailing for the account you presently have is because you want to, not because you are forced to... Whatever you decide, you have to do what's right for your situation and your personal plan.

Another Capital One Increase...This time an increase of 4K!

Background: I opened my Capital One Quicksilver One card in February of this year with a SL of $500 and requested an increase in April. I was automatically approved for a $1,000 increase. Fast foward to last Saturday night (7/11/15) I decided to try for another CLI because I was nearly maxing out every month on my $1,500 credit line. I needed the ability to make more purchases as well as keep my utilization down. I applied online and received the 2 -3 business day notice. So Monday (7/13) I e-mailed the EO stating my request, my desired increase ($4,000), and reasoning for that desired increase. Yesterday (7/15) I received a call from a very nice woman from the executive office. She asked me a few questions, verified some information, and told me she would be sending my request to the underwriters. She said I would hear something back in 7-10 business days. This morning (7/16) I logged into my account and my credit limit is now $5,500! I am beyond happy with the quality of customer service and the quick turnaround. I'm also enrolled in the credit steps program. I am due for an automatic incease after my 5th payment. I just made my 5th payment a few days ago and my statement closes tomorrow! I'm curious to see if I'll get that increase as well. I would assume yes, but I'll have to wait and see. Extra info: I pay my high balances down every month leaving about 1 to 2% utilization reporting on my card.In my EO letter I mentioned that a $5,500 credit limit would match my Discover It credit line (just started reporting)

OmarGB9 wrote:
Grats on the huge cap1 luv!Thank you!

Capital One World Elite....

So i notified an EO via email ...  I had been a customer for such long time and believe it's time for an upgrade. If i could upgrade my Capitol One Platinum MasterCard to World Elite MasterCard i would greatly appreciate it very much. Thank you   Best regards,  Got a call the next day from the ''Executive office'' (really just their assistant calling) mumbling about how my card doesn't offer after using it for 4 years with a credit limit pass $5,000. Told me that maybe i want to look online for their other ''products.'' I jusaid yeah okay.... mmm hmmmm and hung up.    The next day got an email...      Your new credit card is on its way
Your new credit card was mailed today. Thanks for being a Capital One® customer.
   ... wonder what they're sending me

NRB525 wrote:
SebastianZzzzz wrote:
ScoreOrBeScored wrote:
Yes, it's definitely in the writing . Sorry to hear this happened. What's your limit again, $5k  i requested mine mine the next day after hitting the luv button and going to $5,750.  I say say keep trying until you get the right rep.will keep trying!!.....  Whom do I have the pleasure of chatting with today? My credit limit has reached $5,750 and would appreciate it if i can have a World Elite MasterCard put on my Capitol One card. thank you  I apologize, there is no option to change a Platinum card to world elite Master card. Okay thank you  You need to apply for World Elite MasterCard separately.So, when do you app for the GM Buy Power card ? Barclay wanted to change my Rewards to Arrival + which is a World Elite Mastercard earnong 2% as the GM Buy Power Card but has an annual fee so i was trying to get Captiol One to change my Platinum to World Elite instead and leave Barlay alone. Otherwise, Citi Double Cash said i can change World MasterCard to Elite when my INTRO APR ends but has foreign transaction fee. That's why i was trying to get my captiol one to world elite and just use that abroad instead. No annal fee. no transaction fee. I had 2 captiol one and just combined them into one and cancel out the other. So getting another capital one would not make much sense. Especially if i cancel out my longer standing and very first credit card... though i hear it stays on your report for 10 years ?

How Accurate is Capital One's Credit Tracker?

Thanks to everybody here at the forums, I just discovered Cap1's LUV button. Requested for both of my cards and received a 3k increase on my Quicksilver and 1K increase on my Journey. An hour later I noticed that my score on the Credit Tracker increased by 9 points! Does anybody know if the Credit Tracker really reflects TU's FICO score?

For several years the only credit score I had available was the Capital One Credit Tracker using TransUnion scores. While I agree that (a) it's not used by any lenders, (b) it's not as valuable as knowing one's FICO scores, (c) it's usually lower than my FICO scores, and (d) it's only updated once a month, let me say in its defense: -it's pretty similar to the FICO scores in terms of its various calculations-it's pretty informative and gives you a pretty clear picture of where you stand-it's probably more consistent and less volatile than the FICO scores I'm the type of person who likes to see as many different scoring versions as possible,but I wouldn't disparage the Credit Tracker. For my money, it's just as good as any of theothers, and in some ways better.

CAPITAL ONE - Do my eyes deceive me !?!

Hey all!! So tonight, I apped for three Capital One cards for laughs ... I have a good portfolio now, but my score (EX) is still hovering at 590. I have a Credit One card @ $400 (20% UTIL), a Barclay Apple Visa for $3,000 (90% UTIL for 0% interest), a Western FCU VISA for $1000 (10% UTIL), and a CareCredit at $3,000 (45% UTIL, 0% INTEREST). I also burned Capital One in 2012, and thought for sure I'd be denied tonight. SHOCKINLGY I was approved for 2/3 cards!!! I got $500 on the Platinum and $500 on Quiksilver !!! Not huge, but I dont plan on using them except to up my overall credit limits, helping my UTIL. Does CAP ONE have a LUV BUTTON? I'd like to see those CLs go up, seeing as the rest of my profile is higher. I was stunned. Is this typicla CAP ONE behavior to forgive burned bridges? That is unpaid btw, as I am still debating the fees!! The one delcined was the VENTURE. Any and all input would be appreicated here!! I am still kind of in shock. My scores across the board are: TU 601 EX 590 EQ 554 :-) Rebuilding, on and UP!!!

Joeyzoom416 wrote:
Hey all!! So tonight, I apped for three Capital One cards for laughs ... I have a good portfolio now, but my score (EX) is still hovering at 590. I have a Credit One card @ $400 (20% UTIL), a Barclay Apple Visa for $3,000 (90% UTIL for 0% interest), a Western FCU VISA for $1000 (10% UTIL), and a CareCredit at $3,000 (45% UTIL, 0% INTEREST). I also burned Capital One in 2012, and thought for sure I'd be denied tonight. SHOCKINLGY I was approved for 2/3 cards!!! I got $500 on the Platinum and $500 on Quiksilver !!! Not huge, but I dont plan on using them except to up my overall credit limits, helping my UTIL. Does CAP ONE have a LUV BUTTON? I'd like to see those CLs go up, seeing as the rest of my profile is higher. I was stunned. Is this typicla CAP ONE behavior to forgive burned bridges? That is unpaid btw, as I am still debating the fees!! The one delcined was the VENTURE. Any and all input would be appreicated here!! I am still kind of in shock. My scores across the board are: TU 601 EX 590 EQ 554 :-) Rebuilding, on and UP!!! Congrats and all but you do realize 3 capital one apps means a total of 9 hard pulls will be taken?
Technically some people get lucky and the pulls are combined, but it's possible you could end up with all 9! I also don't get why you'd want a Platinum if you got a QS.

My experience with Credit Line Increase at Capital One

Just thought i'd share my experience (and contribute for the forum) to help those who seek to increase their credit line. This is just my experience but it seems to work. A month ago i applied for and got two new credit cards after 16 years of NO credit card useage and not so good credit. I made sure to pay off all debts including student loans and colections accounts prior to applying. First credit card was a Credit One card with a $300 limit. I have since cancelled them since the low limit did nothing for me. I also got a Capital One Quiksilver One with a $3000 limit. During the month of owning this card i: -Charge EVERYTHING on my credit card. Made very frequent charges. I charged everything from a $1 coke at the vending machine to my $2700 rent. Credit card companies have high charges for merchants, this is one of the main ways they make money. They will love you if you pay everything with their credit card so long you make your payments in full.-Once you run your balance up as high as your comfortable doing, make a payment even if it's not month end. Do not go exactly to or over your credit limit!-Make frequent payments. I made 4 or 5 payments within my first month of having my new credit card. $2700 charge, payment posted. $400 in random charges, payment posted. $250 in random charges, payment posted. Within 3 weeks of me owning my Capital One Quicksilver One, they tripled my credit line from $3000 to $9000. Whoohoo! That's all. Enjoy your credit card in good health and with good creditworthness.

slipper wrote:
Just thought i'd share my experience (and contribute for the forum) to help those who seek to increase their credit line. This is just my experience but it seems to work. A month ago i applied for and got two new credit cards after 16 years of NO credit card useage and not so good credit. I made sure to pay off all debts including student loans and colections accounts prior to applying. First credit card was a Credit One card with a $300 limit. I have since cancelled them since the low limit did nothing for me. I also got a Capital One Quiksilver One with a $3000 limit. During the month of owning this card i: -Charge EVERYTHING on my credit card. Made very frequent charges. I charged everything from a $1 coke at the vending machine to my $2700 rent. Credit card companies have high charges for merchants, this is one of the main ways they make money. They will love you if you pay everything with their credit card so long you make your payments in full.-Once you run your balance up as high as your comfortable doing, make a payment even if it's not month end. Do not go exactly to or over your credit limit!-Make frequent payments. I made 4 or 5 payments within my first month of having my new credit card. $2700 charge, payment posted. $400 in random charges, payment posted. $250 in random charges, payment posted. Within 3 weeks of me owning my Capital One Quicksilver One, they tripled my credit line from $3000 to $9000. Whoohoo! That's all. Enjoy your credit card in good health and with good creditworthness. This is exactly what i'm doing (minus the rent part!) I hope this works for me too! Thanks so much for sharing!

I have an IPone 4, there is an add video for Capital one that keeps coming up on its own... ive deleted my history and cookies and this video keeps taking over my phone. how do i get rid of it? the video is of a man with a puppet and the puppet is singing

i have an IPone 4, there is an add video for Capital one that keeps coming up on its own... ive deleted my history and cookies and this video keeps taking over my phone. how do i get rid of it? the video is of a man with a puppet and the puppet is singing a song while he is checking his phone. how do i get rid of it????

If it happens again the make sure that you aren't suppressing website colors.
Make sure that you allow pages to choose their colors and that you haven't enabled High Contrast in the Accessibility settings.
*Tools > Options > Content : Fonts & Colors > Colors : [X] "Allow pages to choose their own colors, instead of my selections above"
*https://support.mozilla.org/kb/Options+window+-+Content+panel
*http://kb.mozillazine.org/Website_colors_are_wrong
*http://kb.mozillazine.org/Websites_look_wrong

CitiBank Credit Card Nightmare - Please go back to Capital One

I am ready to cancel my best buy credit card. On December 27, 2013, there was fraud on my account (I believe from the Target breach from black friday sales). Anyways, there was fraud and my card was canceled. However, I didn't find this out until 3 days later when my card wouldn't work anywhere between the 27th and 30th. My card was canceled and I never received a text message, email, phone call, or letter. NOTHING. I wouldn't know unless I called to find out what was going on. I asked if this was normal and they said yes - no communication.
Once I called them, they said they would issue me a new card (this wasn't automatically done). They could not expedite it. I did have to confirm everything that was fraudulent on the card. Fortunately there was only 1 charge that posted and all other attempts were blocked. Still, that one fraudulent charge has not been removed. I have called multiple times and told different things about when that charge would be removed. Now I'm told to wait 6 weeks for it to be removed. That's six weeks from today, not from when the charge appeared.
Before the card was canceled, I scheduled an online payment for the due date. I called them to confirm that the payment would still go through even though a new card was issued and I couldn't access all of my online account. They told me not to worry, it will post. The day after my due date I get an email saying my payment couldn't be processed and now I'm past due (with a late fee). I called and made a new payment over the phone and was told due to their error, the late fee would be waived and I wouldn't see it in a couple days. 5 days later I finally get my new card in the mail, re-register my account online, and low and behold, the fee is there. I call back and was told that the late fee removal was never processed. I was told to wait 6 more weeks for the fraudulent charge to be removed (even though the charge took place in california, and I have account activity to prove I was in NY state at the same time, and they agreed). They now say they will process the late fee reversal, but to wait 2 billing cycles. As far as I'm concerned, that charge is them stealing from me because I should never have been charged that in the first place.
This experience with citibank is disgusting. I have never had this kind of trouble with any credit card. I have had fraud on my accounts in the past, and every time Capital One has been awesome to work with - they pick up fraud faster and better, they email/text/call you right away, and they have done what they say they will. Sure, others may have different experiences, but when every single citi agent has let me down and most have lied to me, I'm very angry with them. This is the last year I have elite membership with best buy. If this isn't fixed in a week, the account is getting closed. Are others having nightmares with Citibank?

Hello darkprime,
Finding out that your credit card may have been used by someone other than yourself is a very scary thing. It sounds like Citibank has tried to keep your account safe by immediately cancelling your card, but I can understand your concern at not receiving a notification from them as soon as this occurred. I’m very sorry to read of how difficult it has been to resolve the various issues resulting from having your card cancelled.
As you’re probably aware, while Citibank is a valued partner, they are a completely separate company from Best Buy. Due to this, we do not have direct access to or influence over their accounts or policies. However, we truly appreciate your loyalty as an Elite Plus customer, and I would be happy to reach out to them on your behalf to look into this right away. Using the e-mail you registered on the forum, I was able to locate your information, and as soon as I have more details, I will be sending you a private message. To read your private messages, please make sure you are logged into the forum, and click on the envelope icon in the top right corner.
Thank you for posting here on the forum, and I will be in contact as soon as possible.
Maria|Social Media Specialist | Best Buy® Corporate
Private Message

Capital One 5 day hold on payments.

I was using my capital one card like normal running somewhat of high balances and then paying them right off. I always pay on time and I always pay before the statement closing date. However, paying the card off in full before the statement closing date seems to trigger some sort of hold for five days. I'll be calling to get the hold removed as soon as the ACH payment shows up on my bank account.
The reason I always pay in full before the statement closing date is because I don't want Capital One to report a 100% credit utilization for the month to the credit bureaus.
So now you can see how a five day hold would throw a wrench into my plans.
Here's the thing though. Once I scheduled the payment, Capital One's accounts show 0 balance on the card, but a 0 available funds on the card as well, while its in this 5 day hold limbo.
Well, here comes the statement closing date, on a *Monday (see edit). So what the heck is going to be reported to the credit bureaus?
Will it be a 100% credit utilization? Will it be 0% credit utilization?
Either way, it's not good. I would be better off paying a lower amount to see if there was a chance that it would be processed in a timely manner.
However, I can't do that during the 5 day hold. I can only do that once the 5 day hold is over.
If the payment hasn't been processed then I can only assume that they will report a credit utilization percentage of 100 percent. Like I spent.
What do you think? I'll be waiting as the weekend passes. Then, I'll call in on Monday; the day of the statement closing date. I might be able to get the hold released, push the payment through by the end of day. And then I will have a low balance reported to the credit bureaus. I'll have all A's on my credit score. edit: a mistake was made earlier in this post. the statement closing date is actually on a Sunday. So it's too late to try to push a payment through now. It's going to report as it was on that day.
UPDATE: It's Monday. I woke up at 6am and everything worked out perfectly. Capital one was happy to release the funds it took all of 5 minutes, and now I'm back to a card with a full balance.
UPDATE 2: 12:00 PM on Monday, the statement came in. It went just about as perfectly as possible. I'm all set with Capital One and my statement, everything is paid, and it correctly reported to the agency. Under 10% of my limit with full credit availability. I got an A.

motoleo wrote:
^ (Gasp) I can't have that happen to me. I can't have them report a 98% (105% in my case) utilization ratio! It mustn't. I have no other cards. This is my only card. It's just a platinum. The limit was just increased to 500 dollars. I never had any returned payments until they did the 5 day hold. You really don't know where the money is because everything is always pending.Are you waiting until the statement closing date to time your payment, or only few days ahead of statement closing, and making that one payment per month? That's a knife edge you are dealing with. On a $500 card, I'm all for maxing that puppy out and then PIF by the payment due date, but that presumes one stops using the card before the limit. If you are using this as your main spend vehicle, that is fine. You need to pay it more often. When you get to $250, set up an immediate payment on Capital One's site to pull the $250 from your bank account. That will take a few days to clear, meanwhile you continue to charge on the card. When you have charged another $250 of spend on the card, log on and schedule another payment to pull from your bank account. Alternatively, on Saturday, look at what is in your Capital One Open Balance, and schedule a payment to pull from your bank account to pay it on Monday. Let those balances report, whatever they are. You may think a $500 statement balance is a Bad Thing? It is not. Over the course of time, when you show that you can report those kinds of balances and PIF, then you will start to get better cards, to give yourself breathing room. And +1 to the comments that you can't allow these payments to be returned. Ever. When you commit to a payment going to your credit card, you no longer have those funds available in your checking account. As another alternative, open a checking account at Capital One. This will provide the instant payment from your checking to your credit card that you want to see. Good luck!

Capital One Luv or no Luv???

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