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Capital One? Update - Approved

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Capital One? Update - Approved

Okay, lately I've been contemplating getting another card at the advice of my "gurus". The card I "was"(past tense) interested in getting, was the Secured Mastercard offered by Capital One. I was drawn to this card because unlike other secured cards there's a possibility that your credit limit may end up being higher than the required security deposit. To me, that was worth looking into. So like any other normal person looking into getting a new card, I hit up the reviews on various "credit card solicitation" websites... As if I have to name them.



As I was reading through the reviews, one review in particular caught my eye. In that review, the reviewer who I shall call, "Mr. X" stated that he was unable to get approved for a card by anyone. He was just tired and fed up. So what did he do? He applied for a "Guaranteed Secured MasterCard" offered by "Capital One".....Capital One®. Smiley Wink


Yes, the review actually read like an infomercial.



He then went onto to say that he only put down a $75 deposit and was given a.... wait for it.... $2500 CL. I'm thinking to myself, yeah right, BOGUS! Then, I read another review, same thing, $75 deposit down and $2500 credit limit. At this point, my curiosity is obviously piqued. So I Google "Guaranteed Secured MasterCard Capital One". To my amazement, this card actually exists. In the front of my mind, I'm saying, "Yippee, I'm applying RIGHT NOW"! In the back of my mind I'm saying, "Why the heck isn't this card listed any of the "credit card solicitation" websites"? "Hmm Oh well". "IM APPLYING RIGHT NOW"! 


I put in my name, my birth date, my "Social Insurance Number".... Wait what? Social Insurance number? I glance up at the address bar, then it finally dawns on me.    "Capitalone.CA"


What the Fruit Cake? 


With all that said, what the heck is going on? I'm looking at all these "Guaranteed" cards and there not even offered in the United States. Why the heck not? Seriously though? You Canadians get Guaranteed Mastercards with $7000 credit limits and all we USA'ers get is a measly $200 dollar credit limit that isn't even guaranteed? What the fruit cake is up with that? 


Am I missing something? Someone please tell me this is not what it appears to be and that I too have access to these special "Guaranteed" credit cards.  




As I was typing this I just got approved for an "Unsecured" Capital One Platinum MasterCard with a $300 Credit Limit!



Message 1 of 6
Senior Contributor

Re: Capital One? Update - Approved

YAY FOR YOU!   ..Congratulations!!Smiley Happy

Message 2 of 6
Frequent Contributor

Re: Capital One? Update - Approved



Hope you have better luck with CapOne than me. I had a $75 deposit with my secured at the start of my rebuild over 2 years ago. Got a $300 CL then they upped it to $500 but it's not going anywhere and it hasn't been unsecured.


I also got a QS1 with a $300 unsecured limit, went to $500, I got one measely CLI to $600 over the past 18 months. 


I'm actually getting frustrated with them and am considering closing my cards and potentially re-applying somewhere down the line. Especially where CapOne has the 2 card per owner limit. Maybe going after a Venture/Savor at a later date. My FICO's are nearing 700 and I have several better cards. I'm looking to purge all my stepping stone cards. 


But that's a good starter for sure! 6 months it will build. 

AMEX Gold / Home Depot CC $3K/ Discover IT Chrome $2K SL / PayPal MC $2K /
BOA BankAmericard $2K / BOA Cash Rewards $1000 / Cap One Savor One $1000 / Blaze MC $1500 / Credit One $850 / OpenSky $500 / AvantCard $500 / Discover IT Cash Back (Graduated Secured) $200 CLI to $400 / EBAY MC $300
Jan of 2017 Credit Karma: 404 -SEPT OF 2018: EX 652 EQ 626 TU 604
AUGUST OF 2019 1% UTL - EX 681 EQ 667 TU 659
Total Credit Limit: $16150 -
Goal Score: 675 for all FICOS (ACHIEVED EX)
Message 3 of 6
Community Leader
Super Contributor

Re: Capital One? Update - Approved

CongratsSmiley Happy great story and fruitcakeSmiley Happy
#ChaseCreditCardHobby Enthusiast
Message 4 of 6
Community Leader
Mega Contributor

Re: Capital One? Update - Approved

Congrats on your approval 

EX 759 EQ 774 TU 753

Message 5 of 6

Re: Capital One? Update - Approved

Interesting story there, congrats on getting in the door with C1!
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 6 of 6
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