sorry about the rate increases

Capitol One Stops Harming Customers' Credit Scores, Starts Reporting Credit Limits

Capitol One Stops Harming Customers' Credit Scores, Starts Reporting Credit Limits

Capital One will start reporting cardholder credit limits to the three credit bureaus, a common practice from which most cardholders had no idea their creditor abstained. Credit limits help TransUnion, Experian and Equifax determine credit utilization, which accounts for 30% of a credit score. Capital One’s decision, which will take effect by the end of the year, will likely boost its cardholders’ credit scores. From the Washington Post: