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Thread: Captial One credit cards

   
   
  1. 01-27-2008, 10:31 PM #1
    CreditRepairGuy
    CreditRepairGuy is offline Camo Belt
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    Default Captial One credit cards

    I just recently got a great low interest rewards card from Capital One. Then I read where you said that they were the worst to have because they only report the balance as the high limit. I’m a member of a credit monitoring group that allows you to look at your score each month. I noticed on my report that they reported my $5000.00 limit and my 1000.00 balance. Have they changed the way they
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  2. 01-31-2008, 04:54 PM #2
    JL2955
    JL2955 is offline White Belt
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    Default They haven't Yet

    I read Capital One had changed their reporting policy in the summer of 2007. However, I transferred a balance to one of their low interest offers and my credit score dropped 25 points. I pulled my credit report and they still show my high balance as my credit limit. If they're changing this they are mighty slow about it.
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  3. 02-01-2008, 12:58 AM #3
    Erik's Avatar
    Erik
    Erik is offline Trying to be debt free   
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    The drop could be because of the new credit line, the new credit inquiry, and the increased revolving credit capacity - not necessarily the fact that it was Capital One.
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