Originally Posted by
suspire
You're on the right track. You want to keep your reported spend to credit agencies under 10%, so the $50 reported to the agencies is where you want to be on a $750 credit card. As your credit rating improves, more options will open up. However, certainly part of what some credit card companies base their credit limits on is your reported income/salary, especially with a new credit history. So that may be a limitation for you in the short run, unless you get a raise or change jobs, etc.
Do NOT max out your card when it reports to the agencies--you'll take a substantial drop in your credit rating.
I thinking I'm doing well salary-wise. I see people reporting on this forum what their limits are vs their salaries, and I can tell that's shouldn't be an issue for me.
My current problem with Capital One is that they are horrible with updating my available credit vs my balance. On top of that, they apparently put "holds" on accounts when multiple payments are made in a billing cycle. They won't up the limit, and make it impossible for me to actually put some spending on the card
