"Good Start/Capped Credit Limits"
Capital One® Platinum Credit Card Review
Written by: steve on 2007-01-05
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
steve's review: 
Ok card to begin improvement of credit. I've read about some horror stories about their initial low limit credit cards. My credit limit initially was $500.00 and I called for an increase a six months later and received another $500.00 in my first year capplying it at $1000.00. I've had this card for an additional three years, plus I have several other Capital One cards since 2001, which are all capped at $1000.00. I've called and asked for increases, but I've been told they do periodic reviews and would be considered after reviews, and the limits were never increased. My FICO score for the past couple of years is in the early 700's. I've obtained cards with better APR's and limits, and will probably close my Capital One accounts due to their policies on sub-prime accounts credit limits and APR reduction.
Ok card to begin improvement of credit. I've read about some horror stories about their initial low limit credit cards. My credit limit initially was $500.00 and I called for an increase a six months later and received another $500.00 in my first year capplying it at $1000.00. I've had this card for an additional three years, plus I have several other Capital One cards since 2001, which are all capped at $1000.00. I've called and asked for increases, but I've been told they do periodic reviews and would be considered after reviews, and the limits were never increased. My FICO score for the past couple of years is in the early 700's. I've obtained cards with better APR's and limits, and will probably close my Capital One accounts due to their policies on sub-prime accounts credit limits and APR reduction.Be the first to comment on this review!
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe.
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.
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.
