Author Topic: Capital One  (Read 7048 times)

RedMaple

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Capital One
« on: May 24, 2013, 07:06:52 PM »
http://www.capitalone.com/credit-cards/

I'm writing because the reviews I've read for this card haven't been that great.

I am interested in applying for this card due to it's 1.5% cash back (technically it's 1% for everything, and they match your total cash back by half annually). This seems to be the only card that gives back over 1% for everything. Does anyone have the card? How has your experience been with the company as well as the 50% matching of cash back?


madage

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Re: Capital One
« Reply #1 on: May 24, 2013, 07:52:18 PM »
I just replied to your question here.

Drake

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Re: Capital One
« Reply #2 on: May 24, 2013, 08:02:00 PM »
I have a CapitalOne NoHassle Rewards Cash back card. 1% cash back on everything, 2% on gas and groceries. No annual fee and no international fee when I use it out of country (which I really like).

That particular card with the 50% cash back bonus and $100 sign up looks great too.

I haven't had any problems with CapitalOne. They are sticklers about increasing your credit limit, I ask about once a year or every other year just for kicks really, since I never spend more than $900 a month on credit cards and my limit is $7500. But Chase is like that too and probably a lot of other card companies these days.  The online web site is easy, convenient, and intuitive enough. They also send you an annual report at the end of the calendar year that breaks down a lot of your past spending which is kinda neat.

RedMaple

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Re: Capital One
« Reply #3 on: May 24, 2013, 08:46:36 PM »
I have a CapitalOne NoHassle Rewards Cash back card. 1% cash back on everything, 2% on gas and groceries. No annual fee and no international fee when I use it out of country (which I really like).

That particular card with the 50% cash back bonus and $100 sign up looks great too.

I haven't had any problems with CapitalOne. They are sticklers about increasing your credit limit, I ask about once a year or every other year just for kicks really, since I never spend more than $900 a month on credit cards and my limit is $7500. But Chase is like that too and probably a lot of other card companies these days.  The online web site is easy, convenient, and intuitive enough. They also send you an annual report at the end of the calendar year that breaks down a lot of your past spending which is kinda neat.

Thanks for the heads up. That was one of the negative reviews; as well as the non fee card randomly becoming a fee card.

Credit card companies want to know why you want to increase your limit. They will increase it if you provide a valid reason. Eg: I called up Chase not too long ago - I wanted to increase my limit to pay for school - they were accommodating.

Drake

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Re: Capital One
« Reply #4 on: May 24, 2013, 08:55:46 PM »
I have a CapitalOne NoHassle Rewards Cash back card. 1% cash back on everything, 2% on gas and groceries. No annual fee and no international fee when I use it out of country (which I really like).

That particular card with the 50% cash back bonus and $100 sign up looks great too.

I haven't had any problems with CapitalOne. They are sticklers about increasing your credit limit, I ask about once a year or every other year just for kicks really, since I never spend more than $900 a month on credit cards and my limit is $7500. But Chase is like that too and probably a lot of other card companies these days.  The online web site is easy, convenient, and intuitive enough. They also send you an annual report at the end of the calendar year that breaks down a lot of your past spending which is kinda neat.

Thanks for the heads up. That was one of the negative reviews; as well as the non fee card randomly becoming a fee card.

Credit card companies want to know why you want to increase your limit. They will increase it if you provide a valid reason. Eg: I called up Chase not too long ago - I wanted to increase my limit to pay for school - they were accommodating.

When I last asked it was right after I got a substantial pay increase and I told them I wanted to pay for some home improvements on the card.  But I didn't want them to do a hard pull on my credit since I didn't really need or want the CLI that badly since I have excellent credit.

madage

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Re: Capital One
« Reply #5 on: May 24, 2013, 09:11:49 PM »
But I didn't want them to do a hard pull on my credit since I didn't really need or want the CLI that badly since I have excellent credit.

OT perhaps, but if you already have excellent credit, a hard pull won't hurt you. Your score might drop a few (10?) points and recover in a month or two. All this worrying about credit scores is absurd to me.

RedMaple

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Re: Capital One
« Reply #6 on: May 24, 2013, 09:18:08 PM »
But I didn't want them to do a hard pull on my credit since I didn't really need or want the CLI that badly since I have excellent credit.

OT perhaps, but if you already have excellent credit, a hard pull won't hurt you. Your score might drop a few (10?) points and recover in a month or two. All this worrying about credit scores is absurd to me.

I'm with you - unless you're planning on taking a loan for a house/car/education, or only pay your monthly minimal balance where the APR matters; the score doesn't really matter. Although when you get a new job, part of the process is looking at your finances.

chucklesmcgee

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Re: Capital One
« Reply #7 on: May 24, 2013, 09:43:10 PM »
But I didn't want them to do a hard pull on my credit since I didn't really need or want the CLI that badly since I have excellent credit.

OT perhaps, but if you already have excellent credit, a hard pull won't hurt you. Your score might drop a few (10?) points and recover in a month or two. All this worrying about credit scores is absurd to me.

Probably more around 2-5 points. But hard pulls stay on your credit report for 2 years, so having a bunch can drag your score down a bit. Though if you get an increased CL, your credit utilization will improveI slightly. I currently have 9 on my report, and while my score has taken a bit of a dip, I'm still in the "Excellent" range according to most free reports and don't plan on applying for any loans for at least 2 years, so I think getting my limits bumped to the moon ($32000 on one card, around $100k overall) was worth it.

chucklesmcgee

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Re: Capital One
« Reply #8 on: May 24, 2013, 09:47:00 PM »
This seems to be the only card that gives back over 1% for everything.

Nope nope nope. The Priceline Visa and Fidelity Amex gives 2% back on everything, no annual fee- and you don't have to wait until the end of the year for a bonus. I'd take a serious look at the Priceline Visa.

RedMaple

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Re: Capital One
« Reply #9 on: May 25, 2013, 04:21:02 AM »
This seems to be the only card that gives back over 1% for everything.

Nope nope nope. The Priceline Visa and Fidelity Amex gives 2% back on everything, no annual fee- and you don't have to wait until the end of the year for a bonus. I'd take a serious look at the Priceline Visa.

Priceline isn't consistant with their %; https://www.pricelinevisa.com/, says 1 point for every dollar; yet if you click apply and read the Terms and Conditions, it says 2 points for every dollar.

Fido AmEx you have to open an account with them

madage

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Re: Capital One
« Reply #10 on: May 25, 2013, 08:23:23 AM »
Priceline isn't consistant with their %; https://www.pricelinevisa.com/, says 1 point for every dollar; yet if you click apply and read the Terms and Conditions, it says 2 points for every dollar.

Yes, the 2% back on everything is apparently going away. The link I sent in this thread is the only one I know of that still says 2 points per dollar.

mushroom

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Re: Capital One
« Reply #11 on: May 25, 2013, 09:41:27 AM »
I signed up for a Capital One Venture Rewards card a couple of years ago when they had an incredible match your miles promotion - my husband and I both signed up and got about $2500 (!) in credits towards any kind of travel (which we used immediately since we were going on a trip around the world). 2% back on everything and no foreign transaction fee so we used it pretty much exclusively abroad.

No annual fee for the first year but the second year I got half off the $60 fee and this year I called and got it completely waived.

I've loved working with Capital One - we had to deal with a terrible rental car company in Italy last year adding bogus fees and they were fantastic in working with us and trying to contact the company. Eventually we got the whole week rental free thanks to Capital One just giving us a credit when the company wouldn't budge.

Contrast that with my Citi AA card last month when a hotel accidentally charged my credit card, admitted it was a mistake, and yet it took several letters and 4 phone calls to Citi to fix it because Citi refused to even contact the hotel to ask whether it was a mistake, which they would have freely admitted.

I <3 Capital One. I have bank accounts with them too and love that they reimbursed my ATM fees even when I was abroad. They've always been extremely pleasant to work with.