@jamie123 wrote:I would suggest at least trying the Cap1 pre-approval website. It is a SOFT PULL until you actually apply for a card. IT WON'T AFFECT YOUR CREDIT!
Try it out just to see what they offer you. You have nothing to lose and everything to gain if youy get a card now.
Don't forget to stop back and to let us know what happened.
Good luck!
+1. i would def try the cap1 pre-aprroval site. i will not affect your score AT ALL and then you'll at least know where you stand as far as Cap1 is concerned. like Jamie123 said, you have nothing to lose
@Anonymous wrote:
Just did the preapp for Cap 1 here are the offers:
Capital One Classic Platinum 0% intro Apr, 0% purchase Apr til May 2013/19.8 after, no transfer fee, $39 annual fee
Capital One Platinum $0 intro annual fee/$19 after, 24.9% variable purchase Apr, 24.9% variable transfer Apr/no transfer fee
Capital One Cash 50% cash back bonus every year, 1% cash back on all purchases, 0% purchase Apr til May 2013/19.8% variable Apr after, 19.8% variable transfer Apr/no transfer fee, $39 annual fee.
I kind of like the last offer with the cash back rewards, however not sure what to think about the variable Apr.
A variable APR is just a normal part of the credit card world today. Unless you are dealing with an uber-prime lender or have an old account with the terms I don't really know of a fixed rate interest card available. The variable means it is tied to an interest rate standard (usually the US prime rate or LIBOR rate) with an additional interest amount tacked on. The company will put it as (Rate index + X). At 19.8 you are looking at Prime + 16.5 pretty much. For a thin credit file that is not horrible rate or fee and is your step back into prime credit. And as many on here say "If you pay in full every month the interest rate is irrelevant". Since you are starting from an always pay in cash position that may be viable for you.