"Received Pre-approval In Mail"
Capital One® Platinum Review
Written by: joeyman on 2010-01-12
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joeyman's review: 
I received the per-approval in the mail, and was mainly enticed because of the 0% APR for one year. I just applied for a new apartment, so I'm planning on purchasing a new sofa on the card. The credit limit is $1,000 with the five month credit steps program which will raise the limit to $1,500. After one year the APR goes to 19.8%. Which is the same as my current Elan College Rewards Card. I typically keep the balances low anyways, but the sofa is a different story. My experian score was 714, they pulled all three (I think). I have 1.3 years credit history with one card and student loans.
Another reason I applied was because I really would like an American Express. I think this will get me closer to that goal. I've been denied two times from American Express (Blue & Costco AMEX).
I would suggest this to anyone with new or rebuilt credit history. Especially the one year 0% APR. :)
I received the per-approval in the mail, and was mainly enticed because of the 0% APR for one year. I just applied for a new apartment, so I'm planning on purchasing a new sofa on the card. The credit limit is $1,000 with the five month credit steps program which will raise the limit to $1,500. After one year the APR goes to 19.8%. Which is the same as my current Elan College Rewards Card. I typically keep the balances low anyways, but the sofa is a different story. My experian score was 714, they pulled all three (I think). I have 1.3 years credit history with one card and student loans. Another reason I applied was because I really would like an American Express. I think this will get me closer to that goal. I've been denied two times from American Express (Blue & Costco AMEX).
I would suggest this to anyone with new or rebuilt credit history. Especially the one year 0% APR. :)
5 Comments
Comment 2 by colonative
Re: Received Pre-approval In Mail 
on 2010-01-12
Congratulations on your new card. Is this your first Capital One account?
Does it have a member since date on the front? Just curious.
on 2010-01-12 Congratulations on your new card. Is this your first Capital One account?Does it have a member since date on the front? Just curious.
Comment 3 by joeyman
Re: Received Pre-approval In Mail on 2010-01-13
Yeah this is my first Capital One card, it's my 2nd card ever. I'm young - 19 years old. The card shows the month it was activated/sent-out but nothing about a card member since. The Target REDCARD says that, also they use it as an additional security measure when accessing your account. (I don't have a REDCARD.)
on 2010-01-13 Yeah this is my first Capital One card, it's my 2nd card ever. I'm young - 19 years old. The card shows the month it was activated/sent-out but nothing about a card member since. The Target REDCARD says that, also they use it as an additional security measure when accessing your account. (I don't have a REDCARD.)
Comment 4 by colonative
Re: Received Pre-approval In Mail on 2010-01-13
I got my first Capital One at 19 as well. Still have it 12 years later. That is one of the reasons I wish Cap 1 would put the Member Since dates on their cards, 1998 sounds pretty darn old now.
Congrats again, Capital One will grow with you.
on 2010-01-13 I got my first Capital One at 19 as well. Still have it 12 years later. That is one of the reasons I wish Cap 1 would put the Member Since dates on their cards, 1998 sounds pretty darn old now. Congrats again, Capital One will grow with you.
Comment 5 by hjm331
Re: Received Pre-approval In Mail on 2010-01-16
Congrats! Join the party! I opened my first Capital One account two years ago when I was 18 y/o. It is also my oldest credit card account and still remains open. As Colo said, they will grow with you as long as you keep making your payments on-time and not go over your limit.
on 2010-01-16 Congrats! Join the party! I opened my first Capital One account two years ago when I was 18 y/o. It is also my oldest credit card account and still remains open. As Colo said, they will grow with you as long as you keep making your payments on-time and not go over your limit.
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Disclaimer: This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One. Review content is powered by Finance Globe.
