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Is the concern over high credit limit with Capital One an issue for Canadians?


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#1 plen

plen
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Posted 15 December 2010 - 03:23 AM

In this thread from the frequently requested topics section, the not reporting of the high limit for Capital One is a concern as I get started repairing my credit.

I was accepted for a $3000 card and I'm wondering if I have to pull the maneuvre of maxing my high balance and paying it off immediately to have this properly be reported?

I subscribe to TU's Credit Monitoring Unlimited and checking my TU report, I see this in the More about this account >> section


Past Due: 		Remarks:
High Balance: 	$3000   Amt In High Credit Column (Disp 122-130 of Trade Segment) Is Credit Limit
Terms: 	
Limit: 	
Last Activity: 	12/14/2010

My TU score went up 25 points after this card was added but the section under Trends that reports my Available Credit Over Time it still reports $0.

Thanks for any insight!



#2 plen

plen
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Posted 16 January 2011 - 06:04 PM

This month I purposefully left $100ish dollars on my Capital One when they reported and I'm seeing that the $3000 CL is definitely included in my utilisation now. So I don't think this is an issue any more. At least not in Canada.




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