About the Cap One Rebuilder Card

[Anonymous]

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@NRB525 wrote:

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@Anonymous wrote:

I would prefer a person go to bank of America and get a secured card. The limit will grow huge with time and they also do Apr reductions. Note to mention copious bt offers. 

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At the point where OP and DH are, the Capital One rebuilder seems like a good card. It grows almost monthly as the cardholder pays, with no deposit if I understand correctly. The rebuilder would be closed but that would e because the cardholder got an unsecured Cap One card.

BofA might not even be an option in this situation.

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I know I know, I get a little stuck on something if its worked for me. but yes, its always YMMV.  They have been so good to us I feel its my duty to spread the word. :-)

[NRB525]

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@Anonymous wrote:

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@NRB525 wrote:

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@Anonymous wrote:

I would prefer a person go to bank of America and get a secured card. The limit will grow huge with time and they also do Apr reductions. Note to mention copious bt offers. 

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At the point where OP and DH are, the Capital One rebuilder seems like a good card. It grows almost monthly as the cardholder pays, with no deposit if I understand correctly. The rebuilder would be closed but that would e because the cardholder got an unsecured Cap One card.

BofA might not even be an option in this situation.

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I know I know, I get a little stuck on something if its worked for me. but yes, its always YMMV.  They have been so good to us I feel its my duty to spread the word. :-)

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No disagreement that the BofA Secured is one of the better rebuilder cards. It just seems to be a little more "exclusive" than other secured cards.

[Anonymous]

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@Shawndoe79 wrote:

was the rebuilder 3 hard pulls for a $100 limit??

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Yes, same triple pull. But after 5 months it changes to a regular Platinum with a higher limit.

DH didn't want to go the secured route.

[Anonymous]

Someone reported the other day that Cap One's customer service advised that the Builder Program card, once it graduates, is eligible for PCs and stuff so there's the possibility you can turn that bad boy into a QS after a while.  So it may be worth holding onto for a while anyway, if that's the case.

Just a thought.

Congrats on the approval!  I don't have one of those cards but I have been working with Cap One for just under a year now and I've enjoyed doing business with them.  I kinda wish the Builder Program was available when I started out, it's a great idea and keeps money from being tied up in secured offerings.

[Anonymous]

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@Anonymous wrote:

Someone reported the other day that Cap One's customer service advised that the Builder Program card, once it graduates, is eligible for PCs and stuff so there's the possibility you can turn that bad boy into a QS after a while.  So it may be worth holding onto for a while anyway, if that's the case.

Just a thought.

Congrats on the approval!  I don't have one of those cards but I have been working with Cap One for just under a year now and I've enjoyed doing business with them.  I kinda wish the Builder Program was available when I started out, it's a great idea and keeps money from being tied up in secured offerings.

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Yes, I love Capital One. They've officially made their way to being my favorite bank! That's a good idea about PC'ing. That will save the hard pulls.