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