Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 1,148
Registered: ‎04-23-2008
0

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.


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
Posts: 317
Registered: ‎06-19-2008
0

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.
-------------------------------------------------------------------------------------------------Fico Score Range 600-625 across the board
Valued Contributor
Posts: 1,148
Registered: ‎04-23-2008
0

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


Moderator Emerita
Posts: 28,095
Registered: ‎04-01-2007
0

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
Valued Contributor
Posts: 1,148
Registered: ‎04-23-2008
0

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 Smiley Very Happy

ADD: to capital one I meant not the poster. Smiley Tongue

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


New Member
Posts: 2
Registered: ‎06-22-2008
0

Re: Dead end credit cards vs Keep forever credit cards

ThAt was a good oneSmiley Very Happy They tell you upfront.
Valued Contributor
Posts: 1,148
Registered: ‎04-23-2008
0

Re: Dead end credit cards vs Keep forever credit cards


arlo82 wrote:
ThAt was a good oneSmiley Very 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


Moderator Emeritus
Posts: 3,417
Registered: ‎12-27-2007
0

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
Posts: 1,148
Registered: ‎04-23-2008
0

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 Smiley Wink


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
Posts: 317
Registered: ‎06-19-2008
0

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?
-------------------------------------------------------------------------------------------------Fico Score Range 600-625 across the board

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.