Great Card for people trying to rebuild
I don't know why I put off fixing my credit for so long. Oh wait, yes I do. It's called FEAR! My first credit card was a discover card that I signed up for the first semester on campus when I was 19. BIG MISTAKE. I didn't know what to do with my $1,000 limit and how to handle that so I charged away and never paid. Terrible way to start my relationship with credit cards. Fast forward to twenty years later when I realized enough was enough. I made some really bad decisions and my score was 513 as of last November. I applied for this card and got approved! After 5 months of paying on time, I was given a $300 credit increase. Around this time I was told on Credit Karma that I had very good odds of being approved for a quicksilverone card and I applied and was approved with a $1,000 credit limit! I couldn't believe this. I also have a Citi Double Cash card with a credit limit of $2,700. My point is that not even a year ago my credit score was 513 and it is now between 650 and 670. Thank you Capital One for helping me overcome my fear. Just tackle it and ask for help. You'll be ok.
Great card to boost credit
5 months of paying my balance in full and my credit limit jumped from 200 to 500. Don’t worry about the “30%” usage if you can commit to paying it in full you can spend up to your limit and your score and credit limit will still increase. Started with a 530/540 jumped all the way up to a solid 580 in 5 months. I’d have to say job well done. It only goes up from here!
How many billing statements before the increase, my 5th statement cut but nothing yet. Cap1 rep said 6th or7th
Thank you capital one!
This is a great card for building credit. I applied for this card with absolutely zero credit, put the minimum $50 deposit down and was approved with a $200 credit line. After the first month my credit score went up to the mid 600's. It's been 5 months, I've payed my balance in full every month and kept my card usage below 30% and low and behold just this month my cl was increased to $500 & my credit score is now 684. I haven't dealt with customer service, but I have to capital one app and I love it. It's very simple, and easy to use. If you have poor credit and want to rebuild, or if you're young (like me!) and need to build credit for youself this is the card for you!
Congrats,How many bill statements did you get before the increase?
Bums. don’t use anything from this company they will ruin your credit further made payment ahead of tome they closed the account and their customer service is non existent. Save yourself the headache go somewhere else
Great card!!!!!
This is a great card !!! Capital One is awesome!
Very hard to make payments they only take account and routing information from your checking account they will not take debit cards over the phone or online! Nine times out of 10 your bank will refuse payment and then they'll shut off your card and actually screw up your credit!
Do you know what made the bank deny the payment?
Ur debit card has a account # and routing#. All cards do even the prepaid
Finally able to increase my credit!
Applied for this card with a $200 deposit. I recived my card about a week after. I applied with a 530 credit score and they gave me a $200 credit line. I paid it off in full the first month and kept my usage at about 30%. My credit score is now a 571 after the first month!!!
This absolutely, sound like my situation! I'm just nickel and diming my way back to the top. LOL!
Ive never been late if my payments and it hasn't helped my credit at all. Terrible at increasing balance.
@vaz how many months have you been using the Cap1 sec card?
You need to found out when they report to the credit bureaus
Great for building!
This is a great card with a great app for building credit! I got this card a year ago and after only 6 months of using it responsibly (keeping a low balance and paying in full before the due date EVERY month) my CL increased without me having to ask. After a year they automatically refunded my deposit an the car became unsecured. I have now been approved for the
Capital One Quicksilver card with cash back!!
The app is user friendly or easy to use and convenient for scheduling payments.
As long as you are responsible, your credit WILL improve!
Great for rebuilding credit
This card has been great! If you are looking for a card to help rebuild credit, this is an excellent option. There are no fees. When you receive it, get the mobile app. So easy to check balance and make payments. In addition you get an alert sent to your phone the minute you swipe the card. This is a great fraud deterrent. And always pay your balance down monthly. The app makes it easy to make more than one payment a month just by swiping in the app. Keeps me focused on my spending and avoid interest.
Pretty Good
This card is great. I haven’t had any problems and it has definitely helped to improve my credit score. It became unsecured after a year. Can anyone tell me about how long it will take before Capitol One will approve a credit limit increase after it becomes unsecured?