I started with a $1000 credit line. I used it like I would use my debit card. Except I used the credit card for all purchases and made multiple payments throughout the month. I did that for 5 months and they raised my credit line from $1000 to $5000. Helped me build my credit from the 580 to 730.
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR 26.98%* Variable
- Annual Fee $39
- Purchase Intro APR Not Applicable
- Purchase Regular APR 26.98%* Variable
Most Helpful Positive Review
Most Helpful Negative Review
I got this card back in January as my first credit card. I have two closed student loan accounts (paid in full, 100% on-time) on my record, but nothing else, so I wasn't in a great position to qualify for a card. I appreciate that Capital One offered me a rewards card with a thin file, but the credit limit is almost comically low. They started me at $300, and automatically bumped it to $500 after 5 months of on time payments. I use the card as much as possible and pay it down every few days to keep the utilization low. In the last ten months, I've averaged over $700 in charges a month, even with the super low credit limits. I've also used CO as my primary bank since 2011, savings and checking, accounts always in good standing. I checked their pre-qual tool recently and I'm now pre-qualified for a bunch of their other cards (Savor, Savor One, Regular Quicksilver, Venture, etc), but when I request product changes, I keep getting denied. I get that they don't want to give up that AF $$, but paying $40 a year for such a tiny CL seems like a waste, especially since Discover just approved me for a no-AF card with a $7k limit.
Bottom line: if you're building credit, it's a decent card to have because of the rewards, but be aware that CO is notoriously stingy about CLI and product changing to a no-fee card is not easy.
Compare Holders of this Card
Note: Sample data consists of Credit Karma members who hold this card.
The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.
See Your Approval Odds Before You Apply
Sign up for a free membership, and Credit Karma can estimate your chances of approval based on your credit profile. You’ll also get:
- Credit scores and reports
- Credit monitoring
- Personalized recommendations
See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the 'Apply Now' button, you can review the credit card terms and conditions on the provider's website.
† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.
‡ Average score refers to the arithmetic mean and typical low score to the 5th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from June 2014 through November 2014. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.
The ratings and reviews are brought to you by our users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.