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Capital One Prequalified Link

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Anonymous
Not applicable
‎12-21-2019 01:44 PM
‎12-21-2019 01:44 PM

Re: Capital One Prequalified Link

@Brian_Earl_Spilner wrote:

I looked it up. 23.99 to 26.24

23.49% on Cash Magnet and 25.49% (the publicly published max) for BCP for me. 

My BCP has the highest ongoing of any of my major credit cards with Capital One at 24.65% right behind it on my old QS. 

Message 11 of 39
Anonymous
Not applicable
‎12-21-2019 01:52 PM
‎12-21-2019 01:52 PM

Re: Capital One Prequalified Link

@Anonymous wrote:
I think it’s the opposite. It’s to get cards to people they see as very profitable because those people are likely to carry a balance.

It’s a two prong strategy. For people with higher scores the offer SUBS and 0% intro. They make money off of swipes with those customers. Lower scores are more likely to carry a balance so instead of outright rejecting them they offer a card with no SUB no intro and higher interest.

No one would look at my credit report and flag me as someone likely to carry a balance

Message 12 of 39
Anonymous
Not applicable
‎12-21-2019 02:01 PM
‎12-21-2019 02:01 PM

Re: Capital One Prequalified Link

@Brian_Earl_Spilner wrote:

I looked it up. 23.99 to 26.24

My "Plan It" rates are much lower though.

 

Everyday Rewards and Blue Cash Everyday 25.49, 1.12 per month

Delta Gold 24.24, 1.07

 

In Canada they offer an "Everyday Essentials" card with 12.99% interest. It used to be 8.99% till this year. 

 

Essential_Credit_Card.png

Message 13 of 39
0 Kudos
SFLSpotter9210
Valued Contributor
‎12-21-2019 02:02 PM
‎12-21-2019 02:02 PM

Re: Capital One Prequalified Link

I don’t keep a balance on the card. Small usage and PIF. It was my rebuilding card. When I first got it out alot through it and PIF due to interest rate. Now I have alot better cards so don’t use it rarely at all. I think my directv is paid each month that’s it. I should change that to another card with better rewards on Utilities.
NFCU Flagship 32,500 | Penfed PowerCash 8,750 | PENFED GOLD 12,500 | PenFed PL 20,000 | NFCU AMEX Rewards 37,500 | NFCU GoRewards 7,000 | FNBO VISA SIGNATURE 13,700 | Capital One Quicksilver 6,300 | Lowe’s 34,500 | Wells Fargo Propel 19,700 | Barclay1k | Citi premier+ 13,600 | Citi Double Cash 18,800 | Citi Simplicity 10,000 | PNC Core VISA 22,500 | USAA AMEX 13,000 | citi custom cash 11,600 | BB&T Rewards 4,500 | BB&T Bright Card 4,500 | GS Apple 7,500 | Chevron 2,500 | Fico 8 Scores EQ=848 | EX=799 | TU=830scores and CL current as of 03/16/25 AAoA years 24 months | AoOA=18yrs
Message 14 of 39
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SFLSpotter9210
Valued Contributor
‎12-21-2019 02:04 PM
‎12-21-2019 02:04 PM

Re: Capital One Prequalified Link

I just got approved for the NFCU Amex with 25k reasons to use it with 11.15% the lowest. That’s going to be my go to card.
NFCU Flagship 32,500 | Penfed PowerCash 8,750 | PENFED GOLD 12,500 | PenFed PL 20,000 | NFCU AMEX Rewards 37,500 | NFCU GoRewards 7,000 | FNBO VISA SIGNATURE 13,700 | Capital One Quicksilver 6,300 | Lowe’s 34,500 | Wells Fargo Propel 19,700 | Barclay1k | Citi premier+ 13,600 | Citi Double Cash 18,800 | Citi Simplicity 10,000 | PNC Core VISA 22,500 | USAA AMEX 13,000 | citi custom cash 11,600 | BB&T Rewards 4,500 | BB&T Bright Card 4,500 | GS Apple 7,500 | Chevron 2,500 | Fico 8 Scores EQ=848 | EX=799 | TU=830scores and CL current as of 03/16/25 AAoA years 24 months | AoOA=18yrs
Message 15 of 39
M_Smart007
Legendary Contributor
‎12-21-2019 04:14 PM
‎12-21-2019 04:14 PM

Re: Capital One Prequalified Link

@Brian_Earl_Spilner wrote:
@M_Smart007 wrote:
@Brian_Earl_Spilner wrote:

It's becoming pretty standard. Chase and amex are giving people those types of rates now. My cap1 cards have a better apr than my Amex. In fact, most of my cards do.

What is your Cap1 better rates?

 

I don't remember, but I do remember being surprised that my amex was the highest rate of almost all my cards, last time I checked.

Fair enough, I just looked at my lowest Amex APR ..sitting at 18.49%

 I would not pay any interest, even at those rates.

I did use Plan-It at a Promotional rate of 0% APR .. otherwise PIF.

 

 

 

However I think I have seen someone with a Cap1 rate below 10% on this forum.

Be interesting to find out "How"? .. want to keep the thread on topic.

 

Message 16 of 39
SFLSpotter9210
Valued Contributor
‎12-21-2019 04:42 PM
‎12-21-2019 04:42 PM

Re: Capital One Prequalified Link

I totally agree. The NFCU card has 0% for 6 months then it’s 11.17%. And I have 3 other accounts with 0% so I am carrying some balances on 0%. All will be paid in full at end of those periods. Not to mention I keep getting offers from Citi and Discover so just food for thought.
NFCU Flagship 32,500 | Penfed PowerCash 8,750 | PENFED GOLD 12,500 | PenFed PL 20,000 | NFCU AMEX Rewards 37,500 | NFCU GoRewards 7,000 | FNBO VISA SIGNATURE 13,700 | Capital One Quicksilver 6,300 | Lowe’s 34,500 | Wells Fargo Propel 19,700 | Barclay1k | Citi premier+ 13,600 | Citi Double Cash 18,800 | Citi Simplicity 10,000 | PNC Core VISA 22,500 | USAA AMEX 13,000 | citi custom cash 11,600 | BB&T Rewards 4,500 | BB&T Bright Card 4,500 | GS Apple 7,500 | Chevron 2,500 | Fico 8 Scores EQ=848 | EX=799 | TU=830scores and CL current as of 03/16/25 AAoA years 24 months | AoOA=18yrs
Message 17 of 39
Anonymous
Not applicable
‎12-21-2019 08:10 PM
‎12-21-2019 08:10 PM

Re: Capital One Prequalified Link

@M_Smart007 wrote:
@Brian_Earl_Spilner wrote:
@M_Smart007 wrote:
@Brian_Earl_Spilner wrote:

It's becoming pretty standard. Chase and amex are giving people those types of rates now. My cap1 cards have a better apr than my Amex. In fact, most of my cards do.

What is your Cap1 better rates?

 

I don't remember, but I do remember being surprised that my amex was the highest rate of almost all my cards, last time I checked.

Fair enough, I just looked at my lowest Amex APR ..sitting at 18.49%

 I would not pay any interest, even at those rates.

I did use Plan-It at a Promotional rate of 0% APR .. otherwise PIF.

 

 

 

However I think I have seen someone with a Cap1 rate below 10% on this forum.

Be interesting to find out "How"? .. want to keep the thread on topic.

 

That might have been me. My Savor is 8.65% V. The card hasn't seen 10%+ in a long time, not since they offered it to me. They offered me the low rate years ago. 6.99% fixed initially I believe it was. 

 

To keep it on topic, lol, I tried the prequalification link. No offers are available for me. But they thought I might be interested in the QS card lol. Nope.

Message 18 of 39
M_Smart007
Legendary Contributor
‎12-21-2019 08:20 PM
‎12-21-2019 08:20 PM

Re: Capital One Prequalified Link

@Anonymous wrote:
@M_Smart007 wrote:

However I think I have seen someone with a Cap1 rate below 10% on this forum.

Be interesting to find out "How"? .. want to keep the thread on topic.

 

That might have been me. My Savor is 8.65% V. The card hasn't seen 10%+ in a long time, not since they offered it to me. They offered me the low rate years ago. 6.99% fixed initially I believe it was. 

 

To keep it on topic, lol, I tried the prequalification link. No offers are available for me. But they thought I might be interested in the QS card lol. Nope.

You are the one!   How sweet it isSmiley Happy

 

 

Message 19 of 39
Anonymous
Not applicable
‎12-21-2019 08:45 PM
‎12-21-2019 08:45 PM

Re: Capital One Prequalified Link

@M_Smart007 wrote:
@Anonymous wrote:
@M_Smart007 wrote:

However I think I have seen someone with a Cap1 rate below 10% on this forum.

Be interesting to find out "How"? .. want to keep the thread on topic.

 

That might have been me. My Savor is 8.65% V. The card hasn't seen 10%+ in a long time, not since they offered it to me. They offered me the low rate years ago. 6.99% fixed initially I believe it was. 

 

To keep it on topic, lol, I tried the prequalification link. No offers are available for me. But they thought I might be interested in the QS card lol. Nope.

You are the one!   How sweet it isSmiley Happy

 

 

I had to go back and look it up (I have pdf copies of all my statements) just out of curiosity. I remember the email offer and link. I almost didn't take the offer because I figured it was good for about 2 years and then back to my normal rate. The email said that it was NOT a promotional rate, it would be my new standard rate. 

 

It happened between my August 2010 and September 2010 statement. Rate went from 14.90% to 6.90% on my No Hassle Rewards card.

Message 20 of 39
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