Cap 1

Anonymous · ‎09-09-2007

I have two that I have had for a while that I consider VERY consumer friendly. Of course its getting old but WaMu tops my list. (Just wait next week they will do horrible things to me). CB&T visa is great but only fortheir rates. They seem to think they are the old AMEX

Anonymous · ‎09-09-2007

Brammy wrote:
I have two that I have had for a while that I consider VERY consumer friendly. Of course its getting old but WaMu tops my list. (Just wait next week they will do horrible things to me). CB&T visa is great but only fortheir rates. They seem to think they are the old AMEX

I have WAMU, but it is too new to expect much yet. Never tried CB&T? They must be BK friendly?

Anonymous · ‎09-09-2007

sleigh17 wrote:

Brammy wrote:

I have two that I have had for a while that I consider VERY consumer friendly. Of course its getting old but WaMu tops my list. (Just wait next week they will do horrible things to me). CB&T visa is great but only fortheir rates. They seem to think they are the old AMEX

I have WAMU, but it is too new to expect much yet. Never tried CB&T? They must be BK friendly?

Not at all BK friendly. Luck would have it that I was once an employee of the parent company and knew someone. They actually uber-prime in their standards.

Anonymous · ‎09-09-2007

Brammy wrote:

sleigh17 wrote:

Brammy wrote:
I have two that I have had for a while that I consider VERY consumer friendly. Of course its getting old but WaMu tops my list. (Just wait next week they will do horrible things to me). CB&T visa is great but only fortheir rates. They seem to think they are the old AMEX

I have WAMU, but it is too new to expect much yet. Never tried CB&T? They must be BK friendly?

Not at all BK friendly. Luck would have it that I was once an employee of the parent company and knew someone. They actually uber-prime in their standards.

Well, maybe in about 5 yrs then, but not until! LOL

cgmiller63 · ‎09-09-2007

I've had a Cap One platinum for years. Never had any problems, they increased my CL on a regular basis without my asking. It has an annual fee but they usually waive it when I call to complain about it. Unfortunately a couple of months ago, I got a letter from them stating they were raising their finance charges to prime +11% WTF??? I've never been late with them or any of my other accounts. I was able to find out on-line that Cap One was doing this to many of their customers (I guess they are loosing money in the sub-prime mortgage market). I'm paying off the card next week and closing the account. I may keep the card but I'll only use it for my gym dues to keep the card reporting.

George2037 · ‎09-10-2007

I've had a Cap 1 Plat for about 1 year, just got a No Hassles last week both with a $500 limit. When I called to activate the card I asked to combine the two and they did giving me a No Hassles Card with a $1000 limit. Yes there is a $29 ann fee, but I'll just sock drawer it and pay the fee to keep it active and maintain a $0 balance.

My advice would be if you have several card, try combining them....but I think you have to have a $0 balance to do so.

Anonymous · ‎09-10-2007

George2037 wrote:

I've had a Cap 1 Plat for about 1 year, just got a No Hassles last week both with a $500 limit. When I called to activate the card I asked to combine the two and they did giving me a No Hassles Card with a $1000 limit. Yes there is a $29 ann fee, but I'll just sock drawer it and pay the fee to keep it active and maintain a $0 balance.

My advice would be if you have several card, try combining them....but I think you have to have a $0 balance to do so.

But that's the point George. If you are not eligible for a credit limit increase what makes you eligible for a new card. Applying for the new card simply give them pp to pull all three of your bureaus again. No reputable lender has so many built ins to screw with your credit and take points from you.

Again I say...why bother

Anonymous · ‎09-10-2007

To be fair Capital one does have it's pro's .

1. They are quick to offer credit & help reestablish low fico scores etc.. to people with BAD credit.

2. They don't practice universal default like other crditcards do .

Now however the cons:

1. Capital One usually only gives out low lines of credit ,if you want more ,then apply for more cards from them LOL .

2. Capital One doesn't show credit limits with CRA's ,yes they claim they're going to but I'll believe it when I see it !

3. Capital One has a disturbing history of jacking interest rates WAY up on it's customers ,even good ones .

4. Capitol One has been the subject of literally dozens of lawsuits,the Attorney General for West Virginia is currently suing Cap 1 now for fraud/deceptive business practices. (Not a good sign for any business moral integrity)

5. If somehow you fall behind in payments to them ,Capitol One is VERY hard to negotiate with . They WON'T accept PFD or GW so anyone please don't waste your time.

A common nasty trick of theirs is to report the cards as closed by credit grantor to the CRA's but continue reporting said accnt's as revolving lines of credit instead of collection accnt's (which they honestly are now )

This causes your credit utilization % to quickly go over 100 % thus destroying your fico score for possibly for 7.5 yrs unless you pay the debt or reach a settlement with them (other bank cards don't behave this way)

6. Capital One has landed into trouble with being caught purposely posting payments as late ,giving them a legal excuse to again raise interst rates WAY WAY up !

There are many other reasons I

Anonymous · ‎09-10-2007