Satisfied in an understatment
I don't usually leave comments, but I hope this helps someone in need. 10 months ago, I had no idea how credit worked and how important it is to establish it. For some reason, I was consistently denied by various credit card companies, including department stores. I had no hope.
Then I came across this secured card, I remember checking my score and it was estimated to be 550 (yeah, that's crap).
Now its been 10 months, $200 limit, no missed payments; my score is 669 with equifax and 680 with transunion. To top it off, I went to my bank (BofA) and was approved for credit card with a $2500 limit.
I have this secured card to thank for getting me started. I see a lot of people complaining about not being able to get the $200 back. I say, forget the $200 bucks, Capital One can keep it. The credit score increase has been invaluable as it literally jump started me to be able to do what I need in the future.
Great card for rebuilding
I was approved last year for this card. My initial security deposit was $1k and received a $300 credit limit increase after 6mo. After having this card for a year, the entire security deposit was credited back to my account and my account was switched from a secured account to a regular account. There are no annual fees which is a huge plus when comparing CapitalOne with Citi, Open Sky, and Credit One.
Excellent card
Does exactly what it says. I have had the card for ten months. No missed payments. An increase in credit limit and my 200 dollar deposit returned. They upgraded my status to an unsecured card. I'm happy I applied because it has been a good experience. Everything they said the card would do it has done.
Very Helpful in Credit Building
I was approved for this card back in June of 2016, Recently I read some reviews on this website for this card. I got super-excited because quite a few had said they were refunded their depsoit and their card was unsecured after a year of having it. Well the one year anniverary of card ownage came and went. I called Cap. One and was told they do not do this? This is why I have given this card 3 stars. I got my CL raise after 6 months. Have ALWAYS paid before due date and have never paid minimum. SOOO I am confused. Frustrated. Still a good card though!
Easy credit builder!
Iffy
Too much waiting.
How long did you wait?
Satisfied⭐️⭐️⭐️
This card to help me out so good that I am satisfied with my score I would recommend this to anybody
Great starter. Terrible for real growth
I got this card when my credit was in the crapper. It's great to help build your score. Consistent On time payments and adding age too your accounts helps those with scores under 600. I was given the card with $250 limit. After 5 months it went up to $500 CLI. I've now had this card almost 3 years so now I know the gimmick. After that First increase i have never received another. If you call to inquire they tell you to apply for a CLI. Doing so hits your credit & decreases your score. The letter days that this card does not allow for CLIs, that they are automatic. So far after 3 years and 100 points better score, they still won't increase the credit limit. I've had 3 CLIs so far with each of my other cards I could get after this one helped raise my score. So now I'm eligible for a better capital one card, but I would take a big hit on credit history age which might get the new application declined. (capital one only allows 2 of their personal cards per person and i have their unsecured card -which i started with $500 balance and it's now $1750 after 1 year). So all in all, if this is the only card you can get, i recommend it but beware it's CLI issues and number of capital one card limitations.
Call or go on the online chat and ask them if there are any offers for ur account to product change to another card....After they made this card unsecured for me I asked a couple of months later and now this car is a no annual fee QuickSilver card and can have much higher limits .....Doing so also keeps your age of the account and they don't do a hard pull either ...
Very helpful for those needing credit
Process took a while to complete but the card arrived in a short period of time (via mail) Overall recommend!
How long did it take for it to process and for you to receive it? Just curious because I'm interested in getting it but every where I read says different things. Figure it's best to ask a real person, thanks!
Awesome
Got this card over a year ago to rebuild my credit. Withing 6 months had a limit increase and a few months later got my deposit back and graduated to an unsecured card! Love this card and how it's helping me rebuild!!
Great for credit building
Easy approvals