I received this card a week after my Chapter 7 discharge in 2012. I initially received a credit line of $1000.00. I also was told after five on time payments, I would be given a $500.00 increase.
I used my card weekly, making purchases and paying most off within the month. I sometimes made 5 or 6 payments per month. After my 5th payment and upon the 6th billing period, I received a $2000.00 increase. Total credit line currently is $3,000.00.
I was very pleased and also noticed that my credit score increased 43 points after they reported the increase to the credit reporting agencies.
It has only been 6 months since my bankruptcy discharge and I am nearly at a 680 credit score.
From reading recent postings it appears that possibly Capital One is giving higher limit increases.This is a plus for anyones overall credit scores.
I recently learned that Experian deducts from your score if your overall credit limits are below $2,000.00, just a point I wanted to throw out there.
So far I am very pleased with Capital One's Reward card. It was the only card I applied for, and it has been a great asset in getting my financial credit house in order.
Much luck to everyone, filing bankruptcy was a very difficult and well thought out decision for me, so the journey back has been pleasant with Capital One.