topic Re: Capital One you ROCK in Credit Cards

Capital One you ROCK

jeffery581 — Fri, 20 Nov 2015 02:26:42 GMT

Easy cash back credit. No minimum. Just got apr reduction and annual fee waived for good and cli on all 3 cards via online chat. Capital one is NOT subprime.

Re: Capital One you ROCK

elim — Fri, 20 Nov 2015 02:28:58 GMT

and now you can combine limits.... i like em!

Re: Capital One you ROCK

UncleB — Fri, 20 Nov 2015 02:29:40 GMT

@jeffery581 wrote:
Easy cash back credit. No minimum. Just got apr reduction and annual fee waived for good and cli on all 3 cards via online chat. Capital one is NOT subprime.

Awesome!

Was your APR reduction permanent as well, or for six months? It would make my day to hear that someone was able to get a permanent APR reduction without having to go through extraordinary measures!

Re: Capital One you ROCK

jeffery581 — Fri, 20 Nov 2015 02:30:24 GMT

Yes. Second new QS visa will combine with 1st one in 6 months.

Re: Capital One you ROCK

jeffery581 — Fri, 20 Nov 2015 02:32:22 GMT

Well it was 6 months but I only carry small balances for fico so I will take it. I am more excited about the no anual fee FOREVER and CLI.

Re: Capital One you ROCK

tntexans72 — Fri, 20 Nov 2015 02:33:11 GMT

Like my cap1 with no shame.

Re: Capital One you ROCK

UncleB — Fri, 20 Nov 2015 02:36:14 GMT

@jeffery581 wrote:
Well it was 6 months but I only carry small balances for fico so I will take it. I am more excited about the no anual fee FOREVER and CLI.

You're exactly right, unless you carry large balances it's of little importance... and six months still is nothing to sneeze at!

I'm with you... the important thing is you got rid of those pesky annual fees - that's huge! Good job!!

Re: Capital One you ROCK

UncleB — Fri, 20 Nov 2015 02:37:09 GMT

@tntexans72 wrote:
Like my cap1 with no shame.

Same here... I'm actually quite proud of my Capital One!

Re: Capital One you ROCK

Anonymous — Fri, 20 Nov 2015 04:12:59 GMT

nice

Re: Capital One you ROCK

Anonymous — Fri, 20 Nov 2015 04:22:43 GMT

Wow you handled some MAJOR business with them today! That's awesome!!! Congrats to you! ☺

Re: Capital One you ROCK

Anonymous — Fri, 20 Nov 2015 04:28:10 GMT

Congratulations! Well done!

Re: Capital One you ROCK

CreditMagic7 — Fri, 20 Nov 2015 05:09:11 GMT

You betcha' they do!

Their newest customer satisfaction program (accnt combo) is like the icing on the cake. Great lender!

Re: Capital One you ROCK

Anonymous — Fri, 20 Nov 2015 06:24:40 GMT

@jeffery581 wrote:
Well it was 6 months but I only carry small balances for fico so I will take it. I am more excited about the no anual fee FOREVER and CLI.

FICO scores are higher if you have a small balance reporting.

Actually carrying a balance when you don't need to is not a good idea and doesn't help FICO scores.

The fact that a 1.5% cash card ever even had an annual fee says "subprime" to me. Your presumably good credit (as suggested by your other cards) doesn't make you a subprime customer, but anyone paying a $39 AF for a 1.5% cash card definitely has a subprime card.

Not all of Capital One is subprime, but some of it definitely is.

Re: Capital One you ROCK

OmarGB9 — Fri, 20 Nov 2015 16:59:05 GMT

Grats

Re: Capital One you ROCK

Blackbeauty212 — Fri, 20 Nov 2015 19:22:39 GMT

congratulations, I find Cap One one of the easiest to do business with.

Re: Capital One you ROCK

jeffery581 — Sat, 21 Nov 2015 00:00:00 GMT

RE: "

FICO scores are higher if you have a small balance reporting.

Actually carrying a balance when you don't need to is not a good idea and doesn't help FICO scores.

That is contradicting to me.

So you consider an amex with a $395 annual fee subprime? You do not know my history as well.

Not all of Capital One is subprime, but some of it definitely is.

Some yes but not all. That was my point. Not to be rude but you have taken my postitive experience and turned it negative.

Re: Capital One you ROCK

Anonymous — Sat, 21 Nov 2015 00:43:29 GMT

He was saying that you dont need to carry any balance from month to month for maximum FICO optimization, you simply need to have a small balance report. Carrying a balance and having a balance report are two different things.

I agree Capital One is a good lender. They are not that old and have grown up from the lender they were born as. Congrats on getting the AF removed, and APR lowered!

Re: Capital One you ROCK

Cotton_Britches — Sat, 21 Nov 2015 01:27:56 GMT

@jeffery581 wrote:

Not to be rude but you have taken my postitive experience and turned it negative.

There's always one in every crowd. Just ignore and stay positive. Congratulations on your success with Cap One!

Re: Capital One you ROCK

Anonymous — Sat, 21 Nov 2015 01:37:31 GMT

@jeffery581 wrote:
RE: "
FICO scores are higher if you have a small balance reporting.

Actually carrying a balance when you don't need to is not a good idea and doesn't help FICO scores.

That is contradicting to me.

The fact that a 1.5% cash card ever even had an annual fee says "subprime" to me. Your presumably good credit (as suggested by your other cards) doesn't make you a subprime customer, but anyone paying a $39 AF for a 1.5% cash card definitely has a subprime card.

So you consider an amex with a $395 annual fee subprime? You do not know my history as well.

Not all of Capital One is subprime, but some of it definitely is.

Some yes but not all. That was my point. Not to be rude but you have taken my postitive experience and turned it negative.

Johnnyconsumer has paraphrased me accurately as far as reporting vs. carrying.

I'm not aware which Amex card has a $395 AF, so you'll have to specify which card you want my opinion about. Whatever Amex charges a $395 AF on probably has some pretty nice perks, although I think some Amex cards do offer a poor value. I think Amex Gold, for example, is a bad deal when the PRG is only $35 more and comes with better rewards, an airfare credit, better offers, and roadside assistance.

I interpreted "Capital One is NOT subprime" in your first post to mean you thought it only issued cards that required good credit. So, upon your clarification, I see we agree.

There are a lot of cards out there, and many issuers offer rewards that are as good or better than 1.5%, without an annual fee, and often with a signup bonus. There's the regular QS, Barclaycard CashForward, NFCU cashRewards, M&T Visa Sig, BofA Travel Rewards, DoubleCash, etc. Those cards generally have stricter underwriting than QS1, but they are pretty objectively superior to QS1. That was my basis for calling it subprime.

I'm sorry that objectivity is unwelcome here. Having made my points, I will leave this thread if you wish.

*Edited to fix a typo*

Re: Capital One you ROCK

Anonymous — Sat, 21 Nov 2015 01:36:20 GMT

@UncleB wrote:
@jeffery581 wrote:
Easy cash back credit. No minimum. Just got apr reduction and annual fee waived for good and cli on all 3 cards via online chat. Capital one is NOT subprime.
Awesome!

Was your APR reduction permanent as well, or for six months? It would make my day to hear that someone was able to get a permanent APR reduction without having to go through extraordinary measures!

Congrats jeffery581!!!!

UncleB, I was able to get APR reduction from 24.99 to 20.99 for 7 months. They said to check back before the expiration to see if they can lower, renew it or make it permanent for that account. I have other accounts with CapOne at a lower APR.