- Posts: 2
- Joined: Mon Nov 26, 2012 2:14 pm
- Location: new york NY
I have a Capital One secured Mastercard.
It came with $200 limit.
I made deposits totaling $800, bringing my credit line to $1000.
If I reduce this amount (returning some of my deposit to my bank account), and I MAINTAIN my credit utilization, will this in any way affect my credit score?
Let's say I take back $500 of my $800 deposit, leaving a total credit line of $500, $200 is their original limit and $300 which is my deposit. I will maintain a credit utilization of below, say 35%.