Question about Cap One cards......

JOHNINAZ · ‎12-23-2014

So I bite on a Cap One, QS Rewards, get approved for $500.00, this was Friday I think. Today (Monday) in the mail I get a pre approval "up to $1500" from Cap One for a Platinum card with a $75.00 first year fee and $99.00 each year after. Im like WHAT ! My QS Rewards was only $39 plus a lower interest rate. I guess Im too new to this to get the logic in it. Why would the same company send me another offer that IMHO would only guarantee me at minimum of a $300.00 credit line after they already approved the better one. Thanks in advance for any replies.

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juggalo9er · ‎12-23-2014

@JOHNINAZ wrote:
So I bite on a Cap One, QS Rewards, get approved for $500.00, this was Friday I think. Today (Monday) in the mail I get a pre approval "up to $1500" from Cap One for a Platinum card with a $75.00 first year fee and $99.00 each year after. Im like WHAT ! My QS Rewards was only $39 plus a lower interest rate. I guess Im too new to this to get the logic in it. Why would the same company send me another offer that IMHO would only guarantee me at minimum of a $300.00 credit line after they already approved the better one. Thanks in advance for any replies.

are you sure this was not credit one instead of capitol one?

Anonymous · ‎12-23-2014

They want you to bite again, take a triple pull and pay crazy fees for a second card

$300 limit with a $99 AF #winning

Anonymous · ‎12-23-2014

Yea that sounds like Credit One not Capital One. My mom thinks they are the same company as well no matter how much I try to explain to her it isn't. I haven't heard of Cap One offering cards with AFs like that. I have a cap one and a credit one and my credit one is $75 for the first year.

waters · ‎12-23-2014

Yeah that's credit one.. Capital one doesn't have fees like that. Don't pull the trigger!!!!!

6/2014; EX:621 EQ:627 TU:640
Cards: Capital One WORLD MC (QS): $7500 | Chase Freedom $3500
Sock: Merrick Bank $600 | Barclaycard $1250 | Sportsman's guide visa $2500

mrsjr · ‎12-23-2014

Yep that's CREDIT ONE, not CAPITAL ONE. Stay far, far away from Credit One!!! Congrats on your new Capital One card, though.

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Anonymous · ‎12-23-2014

Are the mailed offers really that similar in appearance? Does it not say Credit One clearly? Im honestly curious Ive never seen anything from Credit One

Anonymous · ‎12-23-2014

Ok never mind I looked up one of the cards on CK. How do they get away with a logo almost exactly the same as Capital One?! Terrible

JOHNINAZ · ‎12-24-2014

This is what I get for reading things while the wife and daughter are also chatting with me, LOL. It is absolutely Credit One.... and explains it. Not going to make excuses but it was a long day at work also. Either way I wasn't going to bite on it but thanks again to all who replied and clearly figured it out. Happy Holidays to all !

Starting Score: 539
Current Score: 645,630,615
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Anonymous · ‎12-24-2014

@JOHNINAZ wrote:
This is what I get for reading things while the wife and daughter are also chatting with me, LOL. It is absolutely Credit One.... and explains it. Not going to make excuses but it was a long day at work also. Either way I wasn't going to bite on it but thanks again to all who replied and clearly figured it out. Happy Holidays to all !

Now toss it in the fireplace.