Cap1 Rewards Check

[Anonymous]

Hi, everyone! I just wanted to share...

Last October I was approved for a Cap1 No Hassle Rewards Mastercard. Today, I received my very first rewards check! It's $50... which may not seem like much in the grand scheme of things, but it means a lot to me. As many of you know, I'm in credit rebuilding mode. I know that many people don't think very highly of Cap1, but I really appreciate that not only have they been willing to give me a second chance, but have also approved me for a credit product that allows me to earn cash back. I know that there are more prestigious rewards cards out their, but for a rebuilder I think that this is a really good choice.

Anyway, while it may not seem like much, it was a nice little mood lift when I opened the mailbox and retreived the check. It helps to receive little boosts like this when you're rebuilding, and in credit gardening mode as well.

[MarineVietVet]

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@Anonymous wrote:

Hi, everyone! I just wanted to share...

Last October I was approved for a Cap1 No Hassle Rewards Mastercard. Today, I received my very first rewards check! It's $50... which may not seem like much in the grand scheme of things, but it means a lot to me. As many of you know, I'm in credit rebuilding mode. I know that many people don't think very highly of Cap1, but I really appreciate that not only have they been willing to give me a second chance, but have also approved me for a credit product that allows me to earn cash back. I know that there are more prestigious rewards cards out their, but for a rebuilder I think that this is a really good choice.

Anyway, while it may not seem like much, it was a nice little mood lift when I opened the mailbox and retreived the check. It helps to receive little boosts like this when you're rebuilding, and in credit gardening mode as well.

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Congratulations. Any amount of rewards or cash back is a good thing.

BTW Cap 1 is my oldest card at 13 Years and counting.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[JayRizzo]

Sweeeeeeeet!!!  Congrats!  I elected to credit my account back when it reaches $25.  I like the freedom that you have to select your redemption type at any given time on their website.  Next, I might select a gift card.

[DI]

That's great!  I feel the same way whenever I receive my reward $25 rewards from Discover.  But I'm totally suprise that Capital One actually giving cashback.  I stil have the same 10 years old  card that offers no rewards.

[JayRizzo]

Oh yeah, we were discussing that in another thread.  You must apply for the No Hassles Rewards card.  Although they claim you can upgrade, I've never seen it so I can't say for sure.  Most people confirmed that you must apply, therefore, you'll see most Cap-1 cardholders have 2+ cards with them.

[Anonymous]

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@JayRizzo wrote:

Sweeeeeeeet!!!  Congrats!  I elected to credit my account back when it reaches $25.  I like the freedom that you have to select your redemption type at any given time on their website.  Next, I might select a gift card.

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I debated between taking a credit or getting a check. I decided to get a check and deposit into my savings account. Somehow, it just felt more "tangible" to me... strictly a psychological thing. I agree, I like having the different redemption options.

[Anonymous]

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@DI wrote:

That's great!  I feel the same way whenever I receive my reward $25 rewards from Discover.  But I'm totally suprise that Capital One actually giving cashback.  I stil have the same 10 years old  card that offers no rewards.

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They have upgraded my starter card over the

8 years and give me rewards.  I actually make money

on this card if I pif.

[DI]

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@Anonymous wrote:

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@DI wrote:

That's great!  I feel the same way whenever I receive my reward $25 rewards from Discover.  But I'm totally suprise that Capital One actually giving cashback.  I stil have the same 10 years old  card that offers no rewards.

---

They have upgraded my starter card over the

8 years and give me rewards.  I actually make money

on this card if I pif.

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I checked my account and saw that they are giving me points.  I'm at 214.  Not much collecting I can do with a $750 credit line.  But I do appreciate the fact I don't have to pay an AF. 

[Anonymous]

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@DI wrote:

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@Anonymous wrote:

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@DI wrote:

That's great!  I feel the same way whenever I receive my reward $25 rewards from Discover.  But I'm totally suprise that Capital One actually giving cashback.  I stil have the same 10 years old  card that offers no rewards.

---

They have upgraded my starter card over the

8 years and give me rewards.  I actually make money

on this card if I pif.

---

I checked my account and saw that they are giving me points.  I'm at 214.  Not much collecting I can do with a $750 credit line.  But I do appreciate the fact I don't have to pay an AF. 

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I've been doing pretty well with a $500 credit line. I've been using the card for almost all of my regular, expected purchases: gas, groceries, holiday shopping, utility bills, car insurance, etc. The bottom line is that it's taken the place of using my debit card. But, with such a small credit line, I PIF several times a month. Thank goodness for online account access, otherwise I wouldn't be able to do this. I wind up paying at least twice a week. Admittedly, I will be glad to get a CLI, as it will give me a little more "elbow room" with my expenditures. I still plan on using it only for purchases I would normally be making and can afford to PIF, but with a higher CL I'll be able to get down to paying in full only once a week, and eventually maybe bi-monthly. Frankly, though, once a week would work quite well for me, so I might just continue doing that.

[DI]

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@Anonymous wrote:

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@DI wrote:

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@Anonymous wrote:

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@DI wrote:

That's great!  I feel the same way whenever I receive my reward $25 rewards from Discover.  But I'm totally suprise that Capital One actually giving cashback.  I stil have the same 10 years old  card that offers no rewards.

---

They have upgraded my starter card over the

8 years and give me rewards.  I actually make money

on this card if I pif.

---

I checked my account and saw that they are giving me points.  I'm at 214.  Not much collecting I can do with a $750 credit line.  But I do appreciate the fact I don't have to pay an AF. 

---

I've been doing pretty well with a $500 credit line. I've been using the card for almost all of my regular, expected purchases: gas, groceries, holiday shopping, utility bills, car insurance, etc. The bottom line is that it's taken the place of using my debit card. But, with such a small credit line, I PIF several times a month. Thank goodness for online account access, otherwise I wouldn't be able to do this. I wind up paying at least twice a week. Admittedly, I will be glad to get a CLI, as it will give me a little more "elbow room" with my expenditures. I still plan on using it only for purchases I would normally be making and can afford to PIF, but with a higher CL I'll be able to get down to paying in full only once a week, and eventually maybe bi-monthly. Frankly, though, once a week would work quite well for me, so I might just continue doing that.

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I have a PenFed, Discover and AMEX card that gets the majority of my business.  There's nothing I can do with points.  I need cash back!