jfarnsley

Thannk you for that information. I will go ahead a pay off the balance that I have now with capital one and then next month I will do the same. With a credit limit of 200, what is a good amount to spend each month without exceeding the cc untilization?

I have a capital one secrued credit card with a credit line of  $200. It cost me a $99 deposit and when I got the card they took $29 for the annual fee... Basically I paid $129 for $200? I was told to make more than the minimum payment but leave some kind of a balance to show payment history that is good and on time. If I have a minimum payment of $20, I will pay $40. I hope i'm doing this right. I have a question for those of you on here that may be able to answerer. When I log into my Capital One acct, it shows my limit was $200 and I've spent $138 + the $29 annual fee, leaving me a balance of $33 left. I am confused, this is why, although it says I have $33 left to spend, I really cant because I have a 22.9 apr. When I first got the card it said I could spend $171 because of the $29 annual fee. Well I only spent $138 because with a 22.9 intrest rate If I spent anymore it would have went over the $171... So why do they say I still have a balance of $33. Its like they want me to spend that amount and if I did I would go over my limit. Remember I only had $171 to spend and spent $138, $138+22.9% = $169. 60... Just shy of my limit of $171. Can anyone help me please I just want to build credit and be finacially responsible, Any help would be greatly appreciated!

I just applied for a secrued credit card from capital one and had to put down a $99 sercruity deposit just to get a limit of 200...??? Now all the sudded my score has went from a 595 to a 602 and I haven't even got the card yet. But I would like to apply for this card being it has a 0 apr untill 2012! and comes with 300 and is increased to 500 upon faithfull an diligint payments. Can I still apply and get accepted for this card when I haven't even got the one I just appled for.. And also it has a 22.99 apr!!!!!!!!!!!!