topic Re: Capital One Prestige credit card in Credit Cards

Capital One Prestige credit card

Anonymous — Wed, 20 Jan 2010 22:15:02 GMT

anyone got this card recently ?

Re: Capital One Prestige credit card

Anonymous — Wed, 20 Jan 2010 22:26:28 GMT

I applied for a similar card (same category as prestige requiring "Excellent" credit).

Capital One publishes this information related to who the card is intended for:

This card is for people with Excellent Credit

I have had a loan or credit card for at least five years

I have a credit card with a credit limit greater than $10,000

I have never been more than 60 days late on a credit card, medical bill or loan payment

I have never declared bankruptcy

Personally, I like some of the other cards better, unless you are looking for CapOne's best APR. Prestige has the lowest published APR at 11.9% V, but also has a 3% Transfer/Cash fee. It also has no rewards.

A couple of the other cards have no Transfer fees and offer rewards and is 13.9%.

Message Edited by txjohn on 01-20-2010 02:26 PM

Re: Capital One Prestige credit card

Anonymous — Wed, 20 Jan 2010 22:31:38 GMT

Thanks txjohn !

I wonder how high is their initial credit line, for the cards requiring excellent c.h

I heard that they pull all CB, what if 2 of the 3 are under freeze, would they budge ?

Re: Capital One Prestige credit card

Anonymous — Wed, 20 Jan 2010 22:52:30 GMT

Well, I app'ed the CapOne Professional Ultra and only received a $3k CL.

In hindsight, I should have waited a few months before applying for it. At the time I applied, $10k was my highest CL, and I only had 1 card at that level. At the time of app I had:

- BoA $10k

- Chase $3.5k

- CapOne $1k

- Orchard $750

- Juniper $2k

- Macy's $1.3k

- Macy's $1k

Fast forward several months and I have CL's at up to $25k. I think that had I applied end of year I might have gotten a better CL.

IMO, you need to have 1 or more CL's above $10k that have some history. Most of my major cards only went back 3 to 4 years and my oldest account was Macy's at 20 years.

So, these cards rely heavily upon your past history of other major accounts with high CL's

I can attest that once you finally get high CL's, this opens the door to other high CL's. IME, I was stuck at $10k (Alliant and PenFed both matched my BoA with $10k). But NFCU gave me $25k. After that PSECU gave $20k, USAA gave $20k, Care Credit gave $14k (my requested CL), etc.

The real issue with CapOne is that once you app and are approved, whatever you get is what you get and you don't get consideration for your improved credit after the fact. It is best to app once you have the "credit profile" that you want to have for them.

Message Edited by txjohn on 01-20-2010 02:52 PM

Re: Capital One Prestige credit card

Anonymous — Thu, 21 Jan 2010 20:48:35 GMT

i applied fo the card they pulled TU ( EX & EQ are frozen ) and got the 7 -10 message....is it a NO ?!!

Re: Capital One Prestige credit card

Anonymous — Thu, 21 Jan 2010 21:40:06 GMT

Not necessarily. CapOne prime cards often require further processing. They may contact you for more info. And once you are notified approved, you have to wait till the card arrives before you know your CL. If you call CS, they tell you they don't know and you have to wait till it arrives.

IME

Re: Capital One Prestige credit card

Anonymous — Thu, 21 Jan 2010 22:09:16 GMT

thanks txjohn

i just called them and the cs told me i should wait at least 48 hours, because it s not a pre-qualified offer..i wonder if they will approve it without having to check the other 2 reports.

Re: Capital One Prestige credit card

Anonymous — Thu, 21 Jan 2010 23:29:15 GMT

Their is nothing prestigious about Capital One or any products they carry IMHO.

Re: Capital One Prestige credit card

Anonymous — Thu, 21 Jan 2010 23:47:33 GMT

crap1 is the only company that does not charge fees for using thier cards outside the usa.

thats the main reason i wanted the card for . + hopefuly a high cl

if i dont get a cl > 5k i m gonna cancel the acct right away

Message Edited by boamacy on 01-21-2010 03:42 PM

Message Edited by boamacy on 01-21-2010 03:47 PM

Re: Capital One Prestige credit card

haulingthescoreup — Fri, 22 Jan 2010 01:14:49 GMT

NCUA wrote:
Their is nothing prestigious about Capital One or any products they carry IMHO.

Many people are only familiar with their rebuilder cards and aren't aware that they have several good cards with high CL's and so forth. And for those who travel internationally, that no-fee thing can be very handy.

edit: cna't splel

Message Edited by haulingthescoreup on 01-21-2010 05:14 PM

Re: Capital One Prestige credit card

Anonymous — Fri, 22 Jan 2010 01:34:33 GMT

i agree.

edit: cna't splel

Re: Capital One Prestige credit card

Anonymous — Fri, 22 Jan 2010 04:28:00 GMT

@haulingthescoreup wrote:
@Anonymous wrote:
Their is nothing prestigious about Capital One or any products they carry IMHO.

Many people are only familiar with their rebuilder cards and aren't aware that they have several good cards with high CL's and so forth. And for those who travel internationally, that no-fee thing can be very handy.

edit: cna't splel
Message Edited by haulingthescoreup on 01-21-2010 05:14 PM

I have a good friend that is trying to re-establish his credit since he had his previous charge-off's fall off his record. He had no card at all but somehow had very good scores (TU was 727 I believe). He was approved with Captial One 2 months ago for the MTV card which is listed as a card for "good credit" and he got a $15k limit. I was shocked/jealous.

Re: Capital One Prestige credit card

Anonymous — Sat, 23 Jan 2010 01:11:56 GMT

i called em today, my application was declined for " missing iformation "

TU was not enough, they want to pull all 3 cb ..3 inq for one card to me it s not worth it!

Re: Capital One Prestige credit card

GregB — Sat, 23 Jan 2010 03:30:51 GMT

I am happy with my CapOne prime cards. Personal is $18K limit with 5.99% no rewards & no transfer fee on BT. Bus card is $20K limit with 9.99% no rewards & no transfer fee on BT. Bus Card started showing on personal reports last year so not such a great deal at 9.99%.

All in all I'm as happy dealin with them as BofA, Chase, Citi. Happier than Amex. Not sure about Discover since they are paying a decent reward only after charging $3000 each year and at 13.9% I would never carry a balance.

Re: Capital One Prestige credit card

Jazzzy — Sat, 23 Jan 2010 18:57:17 GMT

@Anonymous wrote:
crap1 is the only company that does not charge fees for using thier cards outside the usa.
thats the main reason i wanted the card for . + hopefuly a high cl
if i dont get a cl > 5k i m gonna cancel the acct right away

If you do this, does it still show on your reports?

Re: Capital One Prestige credit card

Anonymous — Sat, 23 Jan 2010 19:38:12 GMT

@LynetteM wrote:
@Anonymous wrote:
crap1 is the only company that does not charge fees for using thier cards outside the usa.
thats the main reason i wanted the card for . + hopefuly a high cl
if i dont get a cl > 5k i m gonna cancel the acct right away
If you do this, does it still show on your reports?

Yes, it will still show up on your CR and age for 10 years.

Re: Capital One Prestige credit card

Jazzzy — Sat, 23 Jan 2010 19:45:08 GMT

@Anonymous wrote:
@LynetteM wrote:
@Anonymous wrote:
crap1 is the only company that does not charge fees for using thier cards outside the usa.
thats the main reason i wanted the card for . + hopefuly a high cl
if i dont get a cl > 5k i m gonna cancel the acct right away
If you do this, does it still show on your reports?
Yes, it will still show up on your CR and age for 10 years.

That's what I thought. So, in this case, there seems no reason to cancel the account right away, even if unhappy with the credit line. You would still get the ding for the inquiry, the ding for a new account, and your AAoA would still suffer.

I would rethink cancelling this card.

Re: Capital One Prestige credit card

Anonymous — Sat, 23 Jan 2010 20:58:10 GMT

@LynetteM wrote:
@Anonymous wrote:
@LynetteM wrote:
@Anonymous wrote:
crap1 is the only company that does not charge fees for using thier cards outside the usa.
thats the main reason i wanted the card for . + hopefuly a high cl
if i dont get a cl > 5k i m gonna cancel the acct right away
If you do this, does it still show on your reports?
Yes, it will still show up on your CR and age for 10 years.

That's what I thought. So, in this case, there seems no reason to cancel the account right away, even if unhappy with the credit line. You would still get the ding for the inquiry, the ding for a new account, and your AAoA would still suffer.

I would rethink cancelling this card.

Or just wait till after the new CC Regs are effective.

Didn't new regs include provision that if the consumer didn't activate and did not accept the account, even after application, that the CCC was prohibited from reporting?