Credit Tips: Maxed Out Credit Card

Posted On: June 1, 2006

Author: cr1s
Posted: Wed Apr 26, 2006 5:24 pm
Post subject: maxed out card

Ok so I have a Capital One Card as iI stated.I just recently found out I have only 5 dollars left on my available credit..I know that’s bad.I pay my first bill on april 4th, and my question is once I pay my bill do they add money to my account or no???

Author: arahad06
Posted: Wed Apr 26, 2006 5:32 pm
Post subject: Maxed Out Credit Card

if you pay $15 ..you available balance will be $5 + $15 = $20…

i would suggest pay more than just minimum…

your overall utilization should not be more than 29%

Author: cr1s
Posted: Wed Apr 26, 2006 6:07 pm
Post subject:

OHHHH OK SO, IF I PAY LIKE 60 DOLLARS THATS HOW MUCH I WILL HAVE PLUS THE MONEY I HAVE LEFT

Author: TomfromCT
Posted: Wed Apr 26, 2006 8:53 pm
Post subject:

[quote="arahad06"]if you pay $15 ..you available balance will be $5 + $15 = $20…

i would suggest pay more than just minimum…

your overall utilization should not be more than 29%[/quote]

SHouldn’t that be 5+ 15 then minus the interest on the balance…

so if the interest is 13 bux them the new available would be 7 dollars

Author: mouse
Posted: Wed Apr 26, 2006 9:07 pm
Post subject: Maxed Out Credit Card

Quote:

“arahad06″
if you pay $15 ..you available balance will be $5 + $15 = $20…

i would suggest pay more than just minimum…

your overall utilization should not be more than 29%

MY CAPITAL ONE RIGHT NOW FOR 2 MONTHS WILL BE AT 99.56%

I am not scared

Author: rain
Posted: Wed Apr 26, 2006 9:29 pm
Post subject: Maxed Out Credit Card

Cap1 CL is ridiculous most of the time. My pal, earning a good salary in the finance industry has a $300 limit.

One night out = 20% utilisation.
A jacket = 50% utilisation.
She has her eye on an mp3 player but can’t charge it to the card.

Author: fenster
Posted: Thu Apr 27, 2006 12:16 am
Post subject: Maxed Out Credit Card

mouse is right, all this utilization mumbo jumbo is banana oil. Utilization only preoccupies credit score junkies and addicts. Unless one is getting ready to apply for a hefty mortgage or the likes, worrying about it is a one way ticket to an ulcer.

Now if your monumental, overall utilization goes outa control, one bank that blows a gasket is Chase.

Author: Polonius
Posted: Thu Apr 27, 2006 1:25 am
Post subject: Maxed Out Credit Card

Quote:
Unless one is getting ready to apply for a hefty mortgage or the likes, worrying about it is a one way ticket to an ulcer.

Well, easy for you to say I guess. I owe hundreds of thousands of dollars on credit cards. If my scores go down, the banks can kill my credit limits and raise my rates–and that can seriously affect my prospects, regardless of my having no plans to apply for a “hefty mortgage” in the future. I like paying 0-3% on what I owe; I wouldn’t like having those lines cancelled or paying more.