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Advice on Capital One?

Valued Member

Advice on Capital One?

I was just instantly approved for a Capital One Classic Platinum with a $300 limit (due to limited credit history) after working to repair my credit.  Anyone have any experience or information on Capital One or this particular card?  I know that the card has a 18.9% APR after an initial 0% until June 2011 and a $19 AF.  Any information would be greatly appreciated.

 

Thank you in advance


Starting Score: 624
Current Score: 691
Goal Score: 750+


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Message 1 of 9
8 REPLIES
Contributor

Re: Advice on Capital One?

You will probably receive a mail stating your card is part of the Credit Steps program.  Don't be late you will get a CLI after the 5th statements.


Starting Score: EQ 606, TU 631
Current Score: EQ 658, TU 674, EX 656 FAKO
Goal Score: 700


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Message 2 of 9
Established Contributor

Re: Advice on Capital One?

I have 2 cap one cards and I like them. There not the best but there defiently not the worst. As with all cards just make sure to pay them on time. I think most new accts get the credit steps program so just use it and pay ontime and you should get a cli in 4 or 5 months. And congrats on the card!

Message 3 of 9
Valued Member

Re: Advice on Capital One?

Thanks!

Starting Score: 624
Current Score: 691
Goal Score: 750+


Take the FICO Fitness Challenge
Message 4 of 9
Valued Member

Re: Advice on Capital One?

Thanks!


Starting Score: 624
Current Score: 691
Goal Score: 750+


Take the FICO Fitness Challenge
Message 5 of 9
Established Contributor

Re: Advice on Capital One?

also do not exceed your credit limit..  that will cause you to be kicked out of the credit steps program as well.


Starting Score: Eq: 662 Tu: 532 (03/02/2011) CH7BK 01/12/2009 Discharge
Current Score: Eq: 712 (02/03/2017) Tu: 717 (04/03/2013)
Goal Score: Eq: 760 Tu: 760

Wallet: PenFed Power Cash 25k | AMEX Blue Cash (AU) 49.5k | Cap One QSMC 26.5k | AMEX Platinum NPSL | LFCU Visa 10k
Message 6 of 9
Regular Contributor

Re: Advice on Capital One?

I went from a 500 limit to 750 on my 3rd statement. I used it for gas and PIF each month. Just never be late.

Message 7 of 9
New Contributor

Re: Advice on Capital One?

I am new to the credit card family so I am learning as I go and thank GOD I found my fico family to help me become more credit knoweledgable. I have a Cap1 no hassels rewards card so I'm going to see what happens within the next few months...I'll update as this a brand new account.

Last app 10/12
**no app'ing till 10/14 or more***
Message 8 of 9
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Frequent Contributor

Re: Advice on Capital One?

 


buttercupbass wrote:

I went from a 500 limit to 750 on my 3rd statement. I used it for gas and PIF each month. Just never be late.


 

How were you notified about your CLI?  I got my card on Sept 1st and have since moved around $1000 through it.  Been paying it off multiple times a month.  I recieved the Credit Steps letter in the mail a few weeks ago but didnt pay much attention to what it said lol whoops.

3/2010 - EX 555 (FAKO) EQ 542 TU 548
GOAL: 680+
Goal exceeded! - EQ - 712 TU - 701
2/2015 - 750+ across the board!
Message 9 of 9