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Guardian
Posts: 1,148
Registered: ‎04-23-2008
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Re: Dead end credit cards vs Keep forever credit cards


shalane85 wrote:
I had no idea Capitol One had the kind of reputation. I didnt even realize that 17% was a high interest rate. I thought I was doing good. Never to old to learn something new.

Yeah, they don't have the best rep. There was a time they seriously screwed people by not reporting their limit which meant that ANY usage looked like 100% and that hurt people's scores like crazy. They were forced to change that practice and they did but still. Yeah 17 is high, hell 12 is high but in today's market alot of companies are burning us with higher interest but most of my cards are still 9.99 which is reasonable. We are never too old to learn, I learn something new every day.


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shalane85
Posts: 286
Registered: ‎06-19-2008
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Re: Dead end credit cards vs Keep forever credit cards

You know if you apply on their website they list the max cl for each card you are apping for. For both my cards the ceiling is 3k.
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Starting Score: 472
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Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
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Valued Contributor
Guardian
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Re: Dead end credit cards vs Keep forever credit cards


haulingthescoreup wrote:
Cap One does have some good cards, and we'll probably hear from some of the members who have them, if they haven't gotten tired of speaking up for C1, lol.

The confusing thing about Cap One to me is that they extend credit to a wide range of applicants, and it's hard to tell if you got stuck with a dud card until you hit the invisible ceiling.

But unless they've changed recently (wouldn't be surprised if they had), they're good for international travelers.

Ditto, one of their bad is the unpredictability of their actions or logic. You don't want to be at a mercy of such arbitary moods, much like the current HSBC situation.


Common Abbreviations|FDCPA|FCRA
Take the FICO Fitness ChallengeStarting Score: TU:695 - EQ:719 - EX:630
Current Score: TU:712 - EQ:755 - EX:712
Goal Score: TU:800 - EQ:800 - EX:800


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haulingthescoreup
Posts: 28,115
Registered: ‎04-01-2007
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Re: Dead end credit cards vs Keep forever credit cards


shalane85 wrote:
You know if you apply on their website they list the max cl for each card you are apping for. For both my cards the ceiling is 3k.

Thanks, that's useful to know!

Do they tell you upfront, or do they wait until 8 screens later or something?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
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Guardian
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Re: Dead end credit cards vs Keep forever credit cards

[ Edited ]

haulingthescoreup wrote:

shalane85 wrote:
You know if you apply on their website they list the max cl for each card you are apping for. For both my cards the ceiling is 3k.

Thanks, that's useful to know!

Do they tell you upfront, or do they wait until 8 screens later or something?

My friend, you are too funny. Love the sarcastic jab there :smileyvery-happy:

ADD: to capital one I meant not the poster. :smileytongue:

Message Edited by Guardian on 03-05-2009 04:05 PM

Common Abbreviations|FDCPA|FCRA
Take the FICO Fitness ChallengeStarting Score: TU:695 - EQ:719 - EX:630
Current Score: TU:712 - EQ:755 - EX:712
Goal Score: TU:800 - EQ:800 - EX:800


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arlo82
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Registered: ‎06-22-2008
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Re: Dead end credit cards vs Keep forever credit cards

ThAt was a good one:smileyvery-happy: They tell you upfront.
Valued Contributor
Guardian
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Re: Dead end credit cards vs Keep forever credit cards


arlo82 wrote:
ThAt was a good one:smileyvery-happy: They tell you upfront.

Thank you for that. It is unusual because Crapital One is not exactly a truth and disclosure kind of creditor, its interesting to see them doing it. Good to know, thanks again.


Common Abbreviations|FDCPA|FCRA
Take the FICO Fitness ChallengeStarting Score: TU:695 - EQ:719 - EX:630
Current Score: TU:712 - EQ:755 - EX:712
Goal Score: TU:800 - EQ:800 - EX:800


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WhirledPeasPlease
Posts: 3,418
Registered: ‎12-27-2007
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Re: Dead end credit cards vs Keep forever credit cards


haulingthescoreup wrote:
Cap One does have some good cards, and we'll probably hear from some of the members who have them, if they haven't gotten tired of speaking up for C1, lol.


You rang?  LOL!

 

I opened a Cap1 acct in Jan 08 w/ a 3k limit (wow at the time).  I figured I had the card that ranged from 300-3k, so therefore I'd hit the ceiling on day one.  Not so.  I went from 3k to 3750 to 4250 and again to 5250.  I asked the CSR about my ceiling and was told hit would be awhile before I hit it.  Who knows where it is, but I got the feeling I'm not really close.

 

This is a boring no rewards Plat MC w/ a nice IR for someone w/ my scores (640s to 680s).  Good BT offers most of the time as well.

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Valued Contributor
Guardian
Posts: 1,148
Registered: ‎04-23-2008
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Re: Dead end credit cards vs Keep forever credit cards


WhirledPeasPlease wrote:

haulingthescoreup wrote:
Cap One does have some good cards, and we'll probably hear from some of the members who have them, if they haven't gotten tired of speaking up for C1, lol.


You rang?  LOL!

 

I opened a Cap1 acct in Jan 08 w/ a 3k limit (wow at the time).  I figured I had the card that ranged from 300-3k, so therefore I'd hit the ceiling on day one.  Not so.  I went from 3k to 3750 to 4250 and again to 5250.  I asked the CSR about my ceiling and was told hit would be awhile before I hit it.  Who knows where it is, but I got the feeling I'm not really close.

 

This is a boring no rewards Plat MC w/ a nice IR for someone w/ my scores (640s to 680s).  Good BT offers most of the time as well.


Thank you, knew we could count on you :smileywink:


Common Abbreviations|FDCPA|FCRA
Take the FICO Fitness ChallengeStarting Score: TU:695 - EQ:719 - EX:630
Current Score: TU:712 - EQ:755 - EX:712
Goal Score: TU:800 - EQ:800 - EX:800


Frequent Contributor
shalane85
Posts: 286
Registered: ‎06-19-2008
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Re: Dead end credit cards vs Keep forever credit cards

What kind of rewards can you get with prime cards? I know about cash back and apr, but exactly how does that work? Someone made the comment that you can make money off of your cards. How is that possible?
-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900

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