Capital One cards

[Carloscda40]

For those that have Capital One crads do you like them?

Have they served you well?

I have 2 QS & the Platinum with just $500 limits, was going to pay them off next week.

Would that help me to be considered for a higher limit or better CO or other credit cards?

[Remedios]

Not really. Paying off cards (either in full after statement or paying off over time) is what's expected from the consumer. 

If your credit situation has changed since you were first approved for starter/rebuilder card, that will help as long as you're in their preferred demographics.

When it comes to Cap One and their starter/rebuilder cards, use (even if you cycle limit as many times as you can) doesn't buy you their love, so if you have cards with better rewards, use those. Most of Platinums and QS1 are lost causes. 

First several pages have many threads dealing with this topic, so read those if you still require additional clarification on their business model. 

As far as the other part of your question, I started with Cap One and Discover. Both served their purpose. Cap one was closed after several years, nothing about it changed since the approval while Disco sits at over $20,000.00 as of right now.

I don't dislike Cap One, in fact, I think they are a solid lender, but you have to be in their target demographic for the best results.

They have pre-approval page, so check it out and see what shows up as far as future cards. 

[simplynoir]

As an addendum to the excellent post above Capital One limits the number of cards a customer can hold to five - two subprime and three prime cards. If your credit profile supports it and you're looking to add more than one CapOne prime card you will have to close one of your QS cards to do it. But as @Remedios said if you've outgrown their cards I'd start looking elsewhere for better credit cards from other lenders

[Hoben02]

Well I used to luv their cap one venture card becuz I would use plastiq and the cap one venture to pay my mortgage so I racked up a healthy chunk of points that way, but that has been shutdown. The only other thing I found was that you could offset a travel expense multiple times if you wanted to offset non travel expenses

[gdale6]

I have found no use for Cap-1 cards post my rebuild, I have canceled all that I had with the exception of the walmart card. The WM card has a useful limit and a high reward payout for online orders.

[lgtwriter]

I have two Capone quicksilvers that started as 300 and 500 credit limit platinum cards. One is bucketed at $5500 and the other is now $14k after I just got a 1k semi-auto cli yesterday (I have a thread on this in approvals section. It was strange lol).

I also have a Walmart card and a Neiman Marcus card, which are both CapOne retail store cards.

I keep my CapOne Quicksilvers for age. They, along with my Merrick bank card, were my first visa/mastercards after my 2009 Bankruptcy.

I do international transactions sometimes, (online web development, books etc) and CapOne doesn't charge an international transaction fee or block international charges due to fraud alerts. I find this less of a hassle than many of my other cards, so I use my larger Quicksilver card for things like that.

Although my cards grew quickly when I was first out of bankruptcy with CapOne, I only get 10% cli a YEAR with them now lol.

I keep them for sentimental reasons and for age.

[SoCalGardener]

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@Carloscda40 wrote:

For those that have Capital One crads do you like them?

Have they served you well?

I have 2 QS & the Platinum with just $500 limits, was going to pay them off next week.

Would that help me to be considered for a higher limit or better CO or other credit cards?

---

Do I like them? Meh... they're okay, but nothing to write home about. Have they served me well? Meh... not really.

Of course, as with everything else related to credit, my experience is probably different from someone else's, so YMMV. My two Quicksilver cards (one MC and one V) haven't gotten credit limit increases in years, nor has my Walmart Rewards MC, which Cap1 acquired a few years ago. It arrived with a $10,000 limit and that's where it sits three years later. I never had a 'starter' or 'rebuilding' card with Cap1, so I don't know why my cards are bucketed, but they clearly look that way. Oh, the two QS cards have limits of $4,000 and $4,500--much lower than most of my other cards.

If you're looking for long-term success with a credit card issuer, where credit limit increases are possible and the benefits are really good, I'd look elsewhere. I'm happiest with my Amex Blue Cash Preferred and my BofA CCR, with Citi Double Cash and Discover a close second. If you'd like to give us some ideas of what you're shooting for, long-term, that would help!

[3se7ens]

Cap1 Spark Bus.(reports to all personal CRA) is my oldest card at 4y 11mo. SL was $2,000

It's now at $5,000...that's it. But they gave it to me when my best score was 650.

I had Platinum, SL $300, "Upgraded".... to QS....limit never grew higher than $600. Closed it.

I had the Savor, SL $1,000.....never recieved a cli...turned down about 10 times in 18mo. Closed it.

The way I see it Cap1 is great for rebuilding your credit, but that's it . 

[Anonymous]

I liked cap one, Many years ago I had a household bank card that somehow transferd to cap one platinum card with a 500 dollar limit  today that same card and number is now Quicksilver 15,000 + limit and over 60,000 in 2 other cap one cards. It's the fist card I gave to my kids and cap one app was great for monitoring spending for them,app works great and virtual numbers work great for sites I don't trust. I always remeber don't put my all eggs in one basket and I'll be fine. 

[notmyrealname23]

I was a C1 customer pre-Ch. 13 (oddly enough when I IIB'ed them they never filed a claim for the few hundred or so I owed them) and they very promptly gave me a card again once everything resolved years later (C1 Platinum that eventually became a QS), but it was a bucketed card (one $500 CLI and that was it).

They also gave me a Venture some months later that has morphed into a VentureX, and a SavorOne, both with perfectly cromulent CLs (11k/5k) and that will be part of my earning strategy while I garden and work through turning my AMEX Platinum back into a Gold once the "we're watching you and will nuke your SUB" year expires. I find it nice to have a 3x card with no AF that covers streaming, movie tickets, concert tickets and general entertainment to go along with dining/groceries, and since you can transfer cashback from a Savor/SavorOne to "miles" cards like VentureX/Venture/VentureOne/, you have a pretty powerful miles earning combination compared to most airline cards (3x/2x on the AF cards, 3x/1.25x on the free cards), You also aren't locked into any single program, plus there are no international transaction fees... and having an alternate to AMEX is useful (I run into "no AMEX" often enough).