Capital One Cash Rewards

[Anonymous]

I have been reading a lot about this card for average credit and for excellent credit.  I received this card and they pulled a 626 EQ Fico.  I have been under the impression I have the card for average credit.  My APR is 14.9% Im guessing I have the card for excellent credit? Im not sure, anyone have any info abt this card and CLI?

[ILBrian]

The largest difference would be if an annual fee exists I do believe

[Anonymous]

lol..thakns for bringing me back to earth...

[ILBrian]

Does your particular card have the annual fee? Be mindful capital one's explanation of excellent credit is limited to paying your bills on time, having an account for 3 years and a card exceeding a 5k credit limit

[injustifiiable]

Average: $39 annual fee, 17.9% - 22.9% APR, limit under $5,000

Excellent: $0 annual fee, 12.9% - 20.0% APR, possibility of a limit of more than $5,000 (since they show a picture of a World MasterCard)

Check to see if there's a annual fee posted first and foremost...

[Anonymous]

Even Cap 1 reps do not know the difference between the two.  Last summer I called for a CLI on my Plat MC.   The did not give me an increase, but instead changed my card to a Cash Rewards card.  At the time, the only info on Cap 1's website about this card said that the card was for people with Excellent credit, which I certainly did not have.  My APR dropped to 14%  for sevral months - and I had no annual fee, but I have NEVER had an annual fee on any of my Cap 1 cards.  For months I called Cap 1 to try to find out what this new card was about, and people had no idea - many thought I had an excellent credit card -  The problem was that this particular card also had a $3000 max CL.  The Cash Rewards card for average credit was not on their site, yet.  It did not show up for a few months after I got my card, actually.

I now know that my card is for average credit - but it does have some features of the Excellent credit card - but not the most important feature, that of a minimum CL of $5000.

[Anonymous]

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@Anonymous wrote:

Even Cap 1 reps do not know the difference between the two.  Last summer I called for a CLI on my Plat MC.   The did not give me an increase, but instead changed my card to a Cash Rewards card.  At the time, the only info on Cap 1's website about this card said that the card was for people with Excellent credit, which I certainly did not have.  My APR dropped to 14%  for sevral months - and I had no annual fee, but I have NEVER had an annual fee on any of my Cap 1 cards.  For months I called Cap 1 to try to find out what this new card was about, and people had no idea - many thought I had an excellent credit card -  The problem was that this particular card also had a $3000 max CL.  The Cash Rewards card was not on their site, yet.

I now know that my card is for average credit - but it does have some features of the Excellent credit card - but not the most important feature, that of a minimum CL of $5000.

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So this card has a max CL of $5k?

[Anonymous]

My card has a max of $3000 - I have an extra $350 due to an error Cap 1 made  a year and a half ago on many people's account, but the card I have has a max CL of $3000, just like the Platinum MC had.  This card simply replaced that card, but at the time, it was so new - few Cap 1 CSR knew anything about it.

My understanding is that the one for Excellent credit starts at $5000 and carries a few more benefits as wel.

[ILBrian]

This may be true perhaps the excellent credit one only comes in visa signature I have the particular card @ 5200

[injustifiiable]

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@ILBrian wrote:
@Anonymous may be true perhaps the excellent credit one only comes in visa signature I have the particular card @ 5200

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That or a World MasterCard...if your limit is $5000 or more that's what you'll probably get.