Two months ago I finally got a 2nd card. Why doesn't my credit score reflect that?

Darryncosta

I had a low limit with Capitol for a few years. I built up my credit, and was offered a better card with double that limit. It's been two months since, I've had a balance and paid off those balances on time on both cards. My credit limit has doubled, yet my Capitol statement only reflects my limit as my old limit. My new credit limit is not yet being recognized on their "credit wise" credit score monitoring system, for those who are familiar. **Edit: Credit Wise appears to use Transunion for reporting. Report says only "1 account" being reported, although I have 2 cards with Capitol.

What gives??

Thank you.

BoGoF

Because your CRA credit score is a pretty meaningless number and even if were relevant 2 months is nothing in terms of demonstrating you can manage credit.

Keep using the card and pay in full every month and your credit history will look better but forget the score......only you see that mystical number.

[Deleted User]

CreditWise in the UK uses Equifax.
CreditWise in the USA use TransUnion.

Where are you based?

20aday

It sounds as if the CRA Capital One are using haven't updated your report/files yet, which is why it's not showing your increased limit.

I don't know what the process is for the U.S. is but in the U.K. it can usually take up to a couple of months for changes to be reflected on your files.

robber2

!!! wrote: »

CreditWise in the UK uses Equifax.
CreditWise in the USA use TransUnion.

Where are you based?

I very much suspect the OP will be working in $ not £.


Rob