Is this a good APR and terms for Cap One?

[derrickv]

I recieved my cap 1 card today.

Didn't recieve a good CL(300).

Tried to get a CLI at activation but was turned down.

Terms are 0% till January 09 then 8.65% fixed.

39.00 Annual fee which has already been charged to the card.

They said I would get a credit limit through "Credit Steps" within 3 months.

I wonder if calling the backdoor number would get me a CLI.

Fico scores are: TU676 EQ663 EX651

I only have a 7 month history, 4 positive accounts, 1 collection (several yrs old), and 5 inq's.

What other cards should I apply for with a good chance of getting approved with my scores.

Thanks

[GFer]

Check out

www.whogavemecredit.com

Look in the notes section and try to match your circumstances as close as theirs was.

That's not a bad APR for Cap1, though.

[Anonymous]

With a young history- this is a typical initial CL-

You could have gotten a no-AF , but the APR would have been a little higher. 

Treat it well- use it, don't abuse it

Never be late,

[Anonymous]

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@Anonymous wrote:

With a young history- this is a typical initial CL-

You could have gotten a no-AF , but the APR would have been a little higher.

Treat it well- use it, don't abuse it

Never be late,

---

I was just approved for a Cap 1 with a $300 CL with only one month of credit history (BOA secured). I opted for the $0 AF since I plan to PIF, and got a 19.55% variable APR (with the same 0% intro APR). 8.65% fixed looks like quite a decent APR for only seven months of history. Good luck with the card... let us know when you get that CLI!

[Anonymous]

About par for the course with CapOne. By next year at this time you should be high enough up the food chain to qualify for something better anyway.