Great to help build credit!
I applied for this card with a score of 560 in Feb 2016 and was approved with a minimum deposit of $99. I made a $100 deposit and they gave me a limit of $201. I use this for small purchases here and there (Birchbox subscription, gas, fast food) and paid more than my minimum payment every month, usually I would pay the entire balance. I logged in this evening to pay my balance of $43 and now my credit limit says $501! So in 11 months they upped me $300. More importantly, in 11 months my credit score has gone from a 560 to a 682 and I was approved for a Southwest Airlines Rapid Rewards card with a $4,000 limit!
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Finally Arrived
I've submitted my Application July 13th, Got approved for a deposit of 561 Tu & 563 Equifax. It tool exactly 2 weeks from the date of my application process to receive the card (July 17th). Will post updates soon. I plan on spending $50 & pay in full every 2 weeks. Wish me luck.
Meaning to say i only needed to put $99 deposit.
Old faithful
Love it
Had credit in the low 500. Put 99 down for a 200 credit limit. Used the card for gas and paid it off whenever I hit 40 dollars plus paid the entire balance left on it on the due date.After 6 months they bumped me to five hundred credit limit and my credit score is now 675.If you use it right then this card does every thing it promises.
good starter card, high interest
I was approved with a thin file for 50. I paid in $75 and got a total limit of $226. I got a limit increase after 5 months, and now have a total limit of $526. Great card to get your foot in the door, and will help for approvals of better cards down the road. Will be keeping around as it also has no annual fee. I would also strongly not recommend carrying a balance on this card, as the current interest rate of 25.74% is brutal, and will quickly add up.
awesome!!!
My credit is far from perfect, but, with this card has jumped like 30 points in just two months....i love my Capital One card!!!!
Do you pay the full balance or just over minimum?
This card helped my credit!
This card helped my credit quite a bit. I was able to pay each months payment without having to pay any interest and that is the way to do it!
great starter card
i have had my card for almost a year . started with a credit score of 545 . as of today i woke up to an email stating i was upgraded to an unsecured card. my deposit was returned in form of statement credit. my score is now 714 trans, 712 equifax, and 645 experian. yesterday i open 3 new card totaling a credit limit of 4500. still working on establishing credit . thanks to capital 1 i now have cards that i wouldnt have been able to get . use this card wisely and your score wil sky rocket.
This has helped my credit score tremendously! Thank you capital one!
To help your credit score rise, do you pay the full balance, or just over minimum payment?
Pleasantly surprised
I got a $200 credit limit on a $50 deposit. My credit score went from 580 to 620 after I paid off the first statement. I will add more to my review over the next few months.
Good card for repairing your credit
This is a great credit card to help repar your credit. My only problem with it is that Capital one doesnt do credit increases on secured credit cards
The day your 6th statement generates on your account on the capital one app you will see an automatic increase from 200 to 500 dollars. It happens for every customer that pays on time. You are not allowed to request a credit limit increase on a cap one secured card but they will automatically give you one without asking the same day that 6th statement generates. Good luck to you in your credit building journey it's so worth it. I just received my 6th statement 2 weeks ago and got my increase and on that same day i also applied for the cap one quicksilver one and was approved for a 300 dollar limit. Also once you have had your secured card one year (12) monthly statements you can get your depoisit back and they will unsecure your card if you have no late payments and keep ypur balance low. Good luck.
Excellent
I filed bankruptcy in October of last year. I then applied for this card through credit karma in march because it said I had a good chance of getting approved and I did! $1000 credit limit to start! I was so happy that a company gave me another chance at good credit. I pay on time every time and it's pushed my score up already. I now have a car loan and another two credit cards at $300 limit each just to rebuild my credit then I will switch afterwards for better interest rates. My current score is 658 with a bankruptcy and I think that's way above what I expected. If I pay my balances to zero I will be almost at 700! I think sometimes people get caught up in fees and interest rates but if you have bad credit accept the cost to repair your credit because in the long run it will pay off. Also since march capital one has sent me multiple car loan options up to $35k! Too bad I already have a car loan but look how much having this card can help you. You Should apply for this card and good luck!