Again, why do people care about Capital One?

[Anonymous]

While Capital One may market several of their cards as being best matched to "excellent" credit profiles, the point still remains that they do offer at least one product (Platinum) that's for fair credit.  It's been a few years since I picked up the Platinum, but assuming not much has changed it can be had with pretty low scores.  A quick trip to the credit pulls database shows me plenty of people with 500-625 scores that were approved for their entry-level product.  I can't think of any Chase, Citi, Amex etc. products that can be had with scores like that, so Capital One definitely has a group that they're willing to target and cater to that the other "better" CCCs don't mess with.

[FireMedic1]

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Fire, you say you pay your rent with your CC. I have been wanting to do this for years with my 2.5% cash back USAA card but my apartment will not let me.

It makes sense that apartments in general would not accept payments with a CC because a CC would charge the landlord a percentage of the transaction (around 3% - 5% I believe) where as a check there is no fee/less fee. Paying with a CC usually means less in the landlords pocket because of the % fee. All the "online rent paying services" I found charge over 2.5% transaction fee so I would be losing money using an online rent paying service.

How did you convince your landlord/leasing office to accept you rent payments on a CC?

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I got the Venture 4 days before where I moved to. I asked if they would take my CC. They said yes. So I gave them my Venture card. Took a phone call, and a text since it was my first charge. Done. Bonus met. I paid for the whole year and they were a bit shocked I might say. So next yearly lease came up. Same thing. Paid the year. Now they do have that online service that charges a fee. So I'm guessing maybe they like that I pay the whole lease for a year thing. Thats the only thing I can up with. I dont say anything to my neighbors to rock the boat.

[Anonymous]

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Capital One has their place.  They are often one of the first unsecured cards people are able to get when they are rebuilding and they have been known to hand out limits much higher than other lenders as people rebuild.  I'm not sure if their underwriting standards have changed recently, but both of these things have been true in the past.

The Venture offers 50k points worth $500 with AF waived in the first year.  I can't think of another sign-on bonus as high that you can get without paying any type of AF.  Even with $95 AF, when compared with other 2% cards the Venture would have the advantage for 5+ years.  Personally, I'm planning to have many many cards and sign-on bonuses over the course of the next 5 years; so the Venture makes a lot more sense than a Citi Double Cash or Penfed 2% card.Arrival plus has had 50k many times.....

So no, Capital One is not my favorite.  I've gotten 25+ new cards since my last Cap One card over 2 years ago and converted my Cap One cards to non-AF cards that I don't use.  To be realistic though, very few of these newer cards are keepers either.  Depending on what type of spending a person does, there are no more than 3-5 keepers and the rest are good only for the sign-on bonus; and as far as sign-on bonus goes, the Venture is pretty **bleep** good.

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• 25,000 Starwood Points (no AF the first year, each point worth about 2.5 cents). not the highest offer, id have went for the 30/35k offer personal and business
• 50,000 Premier Rewards Gold MR points (no AF the first year).
• 50,000 UR points worth ast least $625. not the highest offer, 60k in branch....

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boa premier travel rewards is nice 95 af yes, but 100 incidentals 2x as per cal yr, and 500 bonus , how about world propel thats going to be redone or eliminated? 

[CreditJim]

I keep it around because it was my first card, it has a $51k limit and low 7.15% interest rate.

The funny thing is, I was in London last week, and was using the Tube a lot to get around. If you have a contactless credit card you just tap in and out to pay for your journey. Looking through all my credit cards, the only one I have that has contactless is the humble Capital One Quicksilver, which with no foreign transaction fees made it perfect for this trip. As a side note, contactless is brilliant when traveling abroad, no more dealing with chip + signature weirdness.

[iced]

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While Capital One may market several of their cards as being best matched to "excellent" credit profiles, the point still remains that they do offer at least one product (Platinum) that's for fair credit.  It's been a few years since I picked up the Platinum, but assuming not much has changed it can be had with pretty low scores.  A quick trip to the credit pulls database shows me plenty of people with 500-625 scores that were approved for their entry-level product.  I can't think of any Chase, Citi, Amex etc. products that can be had with scores like that, so Capital One definitely has a group that they're willing to target and cater to that the other "better" CCCs don't mess with.

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I think what you're saying is generally true, but there are certainly exceptions. For me, Capital One is one of the two reasons I had to rebuild in the first place, and they left me with a score in the upper 500s by the time the dust settled. I rebuilt entirely via Citi and Chase, so they can and do approve people with lower scores, though it sounds like it may not be the norm.

[Anonymous]

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You left out the rewards the cards offer. The Venture card is very similar to the Arrival Plus and right now offers 50,000 points, which is 10K points better than the Arrival Plus. After the minimum spend, the Venture card returns $560, which isn't too bad. As others have noted, Capital One is also a good entry-level card provider and option for people rebuilding their credit. But you are right Cap One is not in the same league as Amex or Chase. I've never had a Citi card but it seems to me Citi doesn't offer anything exciting right now. 

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Citi has better products than Capital One.  The Thank You Premier offers 50k points which are worth more than the 500 dollars that the Venture One gives you. Also I got 65k points for their AAdvantage card. 69k points when you include the spend. Then you redeem and you get 10 percent back.  So that is really 75k points.  A round trip flight to Europe is 60k.  

Capital One pretty much is worthless.  They have their entry level card that they give to anyone. I used it once.  Paid the bill and have never used it again.  I switched it to a quicksilver but have never used it since the switch.  The Venture does give you 500 dollars but now it is a 5/24 card. If you are under 5/24 there is zero reason I would get this card.  Instead I would load up on Chase Products.  For example I got two Southwest 60k cards.  Which gave me a companion pass.  120k plus a companion pass is probably worth around close to 3k if used corectly.  We have already had 3 round trip tickets to Oralando and 2 round trip tickets to Aruba and we still have close to 80k points and the companion pass.  

[Anonymous]

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Venture card = Stinks. $95 annual fee to get limited 2% cash back with no special travel benefits. 

Venture One = Stinks, same as above except no AF and limited 1.25% back.

Quicksviler = Stinks, only 1.5% cash back when there's plenty that give 2% or more back.

Quicksilver One = Stinks, $39 annual fee and 24.99% APR, only 1.5% cash back.

Journey = Stinks, 1-1.25% back isn't good compared to other student cards.

Business cards = Stink, they reflect similar issues to the consumer credit cards. 

Capital One seems to be increasing their AF's and heightening their underwriting criteria, while keeping their medicore rewards systems in place. I'm not really sure what people see in C.O? Surely Chase, AMEX, Citi, and others are much, much better lenders. And then of course you have the world famous "triple pull" when lenders like AMEX either soft pull for new apps (existing members) or pull just one report. 

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This is the type of snobbery that does no one any good on here. For many people it’s a reasonable subprime beginning card. And one with no FTFs. For you it may hold no value. That’s fine. For others it holds huge value. How about having a topic to help people instead of one like this? Every bank has cards to give towards the type of spender they want to try and serve. 

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I am a snob and it does plenty of good for me.  I had a bk discharge in 2012.  I got a secure CO card in 2014.  I needed it and CO then.  I was glad to have it as a credit rebuild card at that time.  Now it's a burden since CO won't upgrade my secured card.  I will probably have to cancel it since I don't want a secured card on my report.  I have tried multiple times to get the upgrade. 

I a couple of weeks ago I applied for and was approved for an Amex Blue Cash Preferred card. 

I want an Amex card because I see it as a high status symbol of affluence.  I need great credit and in some cases a lot of money to get an Amex card.  I want to flash this card at every retailer and have them praise and appreciate the hard work and effort in discipline it has taken over the years to get this card.  I'm proud to show people that I have an Amex card. 

Don't leave home without it.

[iced]

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Venture card = Stinks. $95 annual fee to get limited 2% cash back with no special travel benefits. 

Venture One = Stinks, same as above except no AF and limited 1.25% back.

Quicksviler = Stinks, only 1.5% cash back when there's plenty that give 2% or more back.

Quicksilver One = Stinks, $39 annual fee and 24.99% APR, only 1.5% cash back.

Journey = Stinks, 1-1.25% back isn't good compared to other student cards.

Business cards = Stink, they reflect similar issues to the consumer credit cards. 

Capital One seems to be increasing their AF's and heightening their underwriting criteria, while keeping their medicore rewards systems in place. I'm not really sure what people see in C.O? Surely Chase, AMEX, Citi, and others are much, much better lenders. And then of course you have the world famous "triple pull" when lenders like AMEX either soft pull for new apps (existing members) or pull just one report. 

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This is the type of snobbery that does no one any good on here. For many people it’s a reasonable subprime beginning card. And one with no FTFs. For you it may hold no value. That’s fine. For others it holds huge value. How about having a topic to help people instead of one like this? Every bank has cards to give towards the type of spender they want to try and serve. 

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I am a snob and it does plenty of good for me.  I had a bk discharge in 2012.  I got a secure CO card in 2014.  I needed it and CO then.  I was glad to have it as a credit rebuild card at that time.  Now it's a burden since CO won't upgrade my secured card.  I will probably have to cancel it since I don't want a secured card on my report.  I have tried multiple times to get the upgrade. 

I a couple of weeks ago I applied for and was approved for an Amex Blue Cash Preferred card. 

I want an Amex card because I see it as a high status symbol of affluence.  I need great credit and in some cases a lot of money to get an Amex card.  I want to flash this card at every retailer and have them praise and appreciate the hard work and effort in discipline it has taken over the years to get this card.  I'm proud to show people that I have an Amex card. 

Don't leave home without it.

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I'm really hoping this was sarcasm.

The "AmEx is a status symbol" ship sailed a long time ago, and now it's no more or less of a status symbol than any other card. The income and credit requirements to get one are no different (and perhaps even more lax with some offerings) than other prime Visa/MCs. Retailers see AmEx cards all the time now - you can even get co-branded AmEx cards such as the one from Macy's. Prestigious cards don't need to lure clients in with 100k point sign-up bonuses or statement credits.

You may see it as prestigious and flaunt it as one, but almost everyone around you will not, and you certainly won't receive any praise for having an AmEx from any retailer or restaurant that serves anyone of any status. What you may see, however, is hesitation from a smaller business who either doesn't accept AmEx at all or hates when people use it because of their higher merchant fees.

[Remedios]

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Venture card = Stinks. $95 annual fee to get limited 2% cash back with no special travel benefits. 

Venture One = Stinks, same as above except no AF and limited 1.25% back.

Quicksviler = Stinks, only 1.5% cash back when there's plenty that give 2% or more back.

Quicksilver One = Stinks, $39 annual fee and 24.99% APR, only 1.5% cash back.

Journey = Stinks, 1-1.25% back isn't good compared to other student cards.

Business cards = Stink, they reflect similar issues to the consumer credit cards. 

Capital One seems to be increasing their AF's and heightening their underwriting criteria, while keeping their medicore rewards systems in place. I'm not really sure what people see in C.O? Surely Chase, AMEX, Citi, and others are much, much better lenders. And then of course you have the world famous "triple pull" when lenders like AMEX either soft pull for new apps (existing members) or pull just one report. 

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This is the type of snobbery that does no one any good on here. For many people it’s a reasonable subprime beginning card. And one with no FTFs. For you it may hold no value. That’s fine. For others it holds huge value. How about having a topic to help people instead of one like this? Every bank has cards to give towards the type of spender they want to try and serve. 

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I am a snob and it does plenty of good for me.  I had a bk discharge in 2012.  I got a secure CO card in 2014.  I needed it and CO then.  I was glad to have it as a credit rebuild card at that time.  Now it's a burden since CO won't upgrade my secured card.  I will probably have to cancel it since I don't want a secured card on my report.  I have tried multiple times to get the upgrade. 

I a couple of weeks ago I applied for and was approved for an Amex Blue Cash Preferred card. 

I want an Amex card because I see it as a high status symbol of affluence.  I need great credit and in some cases a lot of money to get an Amex card.  I want to flash this card at every retailer and have them praise and appreciate the hard work and effort in discipline it has taken over the years to get this card.  I'm proud to show people that I have an Amex card. 

Don't leave home without it.

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I'm really hoping this was sarcasm.

The "AmEx is a status symbol" ship sailed a long time ago, and now it's no more or less of a status symbol than any other card. The income and credit requirements to get one are no different (and perhaps even more lax with some offerings) than other prime Visa/MCs. Retailers see AmEx cards all the time now - you can even get co-branded AmEx cards such as the one from Macy's. Prestigious cards don't need to lure clients in with 100k point sign-up bonuses or statement credits.

You may see it as prestigious and flaunt it as one, but almost everyone around you will not, and you certainly won't receive any praise for having an AmEx from any retailer or restaurant that serves anyone of any status. What you may see, however, is hesitation from a smaller business who either doesn't accept AmEx at all or hates when people use it because of their higher merchant fees.

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My secured Cap1 approves this post! 

[imaximous]

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My secured Cap1 approves this post! 

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I'm here to contribute nothing else to this thread but to thank you for the laugh