TLFord12

6 Contributions 68 People Helped

Member Since: January 2012

Most Helpful Contribution

Capital One® Platinum Credit Card

Jan 22, 2018
Helpful to 45 out of 64 people

I applied for this card because the ads stated "Build Your Credit", etc. I received the card, used it for 4 months without missing a payment and paying well over the minimum. The result is my Equifax score dropped 24 points and my TransUnion score dropped 14 points. The dramatic drop in scores is due to simply having a credit card. It doesn't matter if you make payments on time and pay over the minmum amount. If you have a credit card, you score will drop tremendously. 

If you are trying to build credit, do not get one of these cards. It will hurt your credit score immensely!

I've read other stories that these cards helped their score, so just FYI....this is just my story, this is just what happened to me. You may not have the same result.

Activity (6 Total Contributions)

First PREMIER® Bank

Jul 05, 2019
The Premier Credit Card is a SCAM!
Helpful to 2 out of 2 people

I made the mistake of obtaining this card, as the advertisement stated that it would help with poor credit, etc. However, this is one of those cards that charge extremely high interest rates as well as extraordinary fees on a MONTHLY basis. I received a $700 credit limit. I put approximately $600 on the card. I have made over $750 in payments to Premier and my balance is still just under $600. The monthly interest rate is approximately $60. With the numerous fees, the minimum monthly payment is about $140 (with a $600 balance). If you do not pay the full amount each month, Premier reports to the credit bureaus that you missed a payment. I have never missed a monthly payment, yet my credit report shows that I missed my last 3 payments. This card directly caused my credit score to drop 60 points. Please spread the word about the Premier Credit Card. I would hate to see anyone else get scammed the way I did. READ THE FINE PRINT.

Capital One® Platinum Credit Card

Jan 22, 2018
Helpful to 45 out of 64 people

I applied for this card because the ads stated "Build Your Credit", etc. I received the card, used it for 4 months without missing a payment and paying well over the minimum. The result is my Equifax score dropped 24 points and my TransUnion score dropped 14 points. The dramatic drop in scores is due to simply having a credit card. It doesn't matter if you make payments on time and pay over the minmum amount. If you have a credit card, you score will drop tremendously. 

If you are trying to build credit, do not get one of these cards. It will hurt your credit score immensely!

I've read other stories that these cards helped their score, so just FYI....this is just my story, this is just what happened to me. You may not have the same result.

First PREMIER® Bank

Jun 01, 2019
RIPOFF ALERT!! NOT A LEGITIMATE CARD!!!!
Helpful to 1 out of 1 people

DO NOT GET THIS CARD!!! This Comany Will Rip You Off!!! This is one of those bogus companies that know they are not going to keep you beyond the first bill, so they will RIP YOU OFF for everything they can, right off the bat!! This is NOT A LEGIMATE CREDIT CARD!!! This "company" charges interest on each individual charge at the highest rate imaginable, each month! YOU WILL LOSE ALOT of MONEY!!! If you are contemplating getting one the these "credit cards", please contact me first. I have some oceanfront property in Arizona that will be just perfect for you!

Capital One® Secured Mastercard®

Nov 23, 2017
Extremely Disappointed in This Card
Helpful to 20 out of 31 people

The details read "Build Credit" by using this card, etc. I paid $99 for the card and got a $200 credit limit. It took about 3 weeks to get the card. I started to use the card and discovered I was only able to spend $170 out of the $200. I almost maxed it out and immediately made 2 payments, both before the due date. After 3 months I noticed Capital One still had not reported to any credit bureau's. After a phone call to Cap One I was told they would report on a certain date. That date came and went and nothing was reported. Once Cap One finally reported the card to TransUnion (the only bureau they reported to), my credit score shot down 12 points. Simply by having this credit card, my score shot down because I now owe money to someone. 

The best thing to do now is pay this card off and close the account asap. This was a complete disater!

First PREMIER® Bank

Jul 05, 2019
The Premier Credit Card is a SCAM!

I made the mistake of obtaining this card, as the advertisement stated that it would help with poor credit, etc. However, this is one of those cards that charge extremely high interest rates as well as extraordinary fees on a MONTHLY basis. I received a $700 credit limit. I put approximately $600 on the card. I have made over $750 in payments to Premier and my balance is still just under $600. The monthly interest rate is approximately $60. With the numerous fees, the minimum monthly payment is about $140 (with a $600 balance). If you do not pay the full amount each month, Premier reports to the credit bureaus that you missed a payment. I have never missed a monthly payment, yet my credit report shows that I missed my last 3 payments. This card directly caused my credit score to drop 60 points. Please spread the word about the Premier Credit Card. I would hate to see anyone else get scammed the way I did. READ THE FINE PRINT.

How long does it take for a new credit card (CapitalOne Journey Card) to show up in my report?

Nov 22, 2017
3 Months, Still Not Reporting
Helpful to 0 out of 2 people

I got my Capital One Secured Credit Card because it advertised "Build Your Credit", etc. I have had the card for 3 months now, maxed it out, made 2 payments (on time) and still nothing on any of my reports. I called Capital One after almost 3 months and asked why they haven't reported anything. The rep told me they were going to report my account to all 3 credit bureaus on a specific date. That date came and went, still nothing but crickets.

Does anyone know of a secured card that actually reports to credit bureaus?