Just received CAP 1 card

[Anonymous]

Capitol One Platinum, $451.00 CL,  $226.00 cash advance. Gave $300.00 deposit.  No prior credit history.  Question:  None of the docs. included say it is secured.  

[Anonymous]

Congrats on your start with capital one!

[Pway]

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@Anonymous wrote:

Capitol One Platinum, $451.00 CL,  $226.00 cash advance. Gave $300.00 deposit.  No prior credit history.  Question:  None of the docs. included say it is secured.  

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Congrats on the approval.  You have a partially secured card with capital one.

[alextercero]

Congrats

[Anonymous]

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@Pway wrote:

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@Anonymous wrote:

Capitol One Platinum, $451.00 CL,  $226.00 cash advance. Gave $300.00 deposit.  No prior credit history.  Question:  None of the docs. included say it is secured.  

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Congrats on the approval.  You have a partially secured card with capital one.

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Could you elaborate on this partially secured card?  I applied for secured,  means I got a better card? 

[Anonymous]

You're on your way to much better cards in no time. Keep up the payments and you'll do great.

[Anonymous]

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@Anonymous wrote:

You're on your way to much better cards in no time. Keep up the payments and you'll do great.

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Thank you very much!

[Anonymous]

Grats on your foot in the door with credit and Cap1! Cap1 will grow with you.

[Anonymous]

First of all Congrats Creditrat! To answer your questions, your card is secured if you had to make a deposit to receive it. A great thing about Capital One is that their card does not report as secured on your credit reports, and of course does not state secured on it. Partially secured means that your credit limit is greater than the amount you had to deposit. When I got mine, mine was even. My CL was 200, as was my deposit. Cap1 does not unsecure this card, but within a few months you will have other offers for cards that do not require a deposit. 

[Anonymous]

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@Anonymous wrote:

First of all Congrats Creditrat! To answer your questions, your card is secured if you had to make a deposit to receive it. A great thing about Capital One is that their card does not report as secured on your credit reports, and of course does not state secured on it. Partially secured means that your credit limit is greater than the amount you had to deposit. When I got mine, mine was even. My CL was 200, as was my deposit. Cap1 does not unsecure this card, but within a few months you will have other offers for cards that do not require a deposit. 

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Got it, thanks.  I will be careful and pay on time all these coming months.  Just a waiting game...