This is my first credit card. I recieved a pre approved offer in the mail for the Cap One Platinum Mastercard with $300 limit and no annual fee. Applied online and was approved with limit of $300. CK score was 581. Recieved card in May 2014. I was enrolled in Credit Steps program with a promise of a credit increase to $500 after 5 on time payments.
I made many purchases with the card. I also made many payments. Each month I would spend around $600+. I would always make sure that the balance on my statement was no more than $30 and pay that off as soon as I recieved the statement.
As soon as I recieved my 6th statement, I was given an automatic credit limit increase to $3,300. My CK score was 629. Today, after the increase of credit, my score is 684.
Capital One has made me a loyal customer because they took a chance on my poor credit and have given me more than what they offered to me as a reward for managing my card well. I don't care about the card's interest rates because I pay everything off in full and on time. It's easy to schedule payments whenever and however many times I want through their app and website. I haven't yet had any issues where I've needed to speak with a customer service rep.
I'm sticking with this card and will look to Cap One if I need another card later on!