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Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011

Re: Curious FOREGIN Purchases

This is where a Cap 1 will shine ...no forex...but with the small limits not sure how far it would get you

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Frequent Contributor
nyancat
Posts: 266
Registered: ‎12-21-2012

Re: Curious FOREGIN Purchases


beb86 wrote:

This is where a Cap 1 will shine ...no forex...but with the small limits not sure how far it would get you


Capital One has that reputation on here, but I'm not really sure why. Look at my limits in my signature, Capital One is my second highest... and that was an instant approval with only the Citi cards before it. I just started adding more cards last fall. First Cap1, then Amex, then Discover. When Discover pulled my credit I had a 758 FICO (EQ) and only got a $1500 limit.

American Express Costco TrueEarnings - $8,300; American Express Blue Cash Everyday - $5,000; American Express Delta Gold - $7,300; Bank of America Travel Rewards - $5,000; Capital One Cash Rewards Visa - $7,500; Citi Forward - $5,800 and $4,500; Chase Sapphire Preferred - $7,500; Discover It - $3,000
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Curious FOREGIN Purchases


nyancat wrote:

beb86 wrote:

This is where a Cap 1 will shine ...no forex...but with the small limits not sure how far it would get you


Capital One has that reputation on here, but I'm not really sure why. Look at my limits in my signature, Capital One is my second highest... and that was an instant approval with only the Citi cards before it. I just started adding more cards last fall. First Cap1, then Amex, then Discover. When Discover pulled my credit I had a 758 FICO (EQ) and only got a $1500 limit.


Same here, but I think the bad rap for Capital One comes from those rebuilding or starting out.  Cap One gives this segment small limits (appropriately perhaps) but then don't increase (apart from maybe a few small steps) regardless of how much the credit rating has improved.  So you have people with 15K limits on newer cards, unable to get an increase from $750 on a Cap One card (without going to EO).


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