Does anyone else find the Cash Rewards card ridiculous?

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andy1088
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Does anyone else find the Cash Rewards card ridiculous?

Postby andy1088 » Tue Apr 24, 2012 9:21 pm

They say you need "excellent" credit to get it (the 50% extra card), or if you have average credit you can pay a $39 annual fee to get this great card. You get a whole 1% back and an extra 50% at the end of the year (good for 1.5% yahoo). I got both a Discover More and Chase Freedom which are much better cards and didn't need "excellent credit". Capital One is ridiculous!
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500


Moneytalks
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Postby Moneytalks » Tue Apr 24, 2012 9:58 pm

To be honest, I find Capital one ridiculous as a whole, I mean, from what I heard, don't you have to have a checking account with them to have credit cards????
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

andy1088
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Postby andy1088 » Wed Apr 25, 2012 7:03 am

I called Capital One last night to see what they could do for me. I talked to four different "account specialists" including a supervisor. After basically trashing Capital One and threatening to cancel because they wouldn't do anything for me. I really just wanted to upgrade my Newcomer rewards card to the new Cash rewards card that you get an extra 50%. They kept telling me to apply for a new card and I kept fighting with them stating that I wouldn't waste an inquiry on their piece of trash company.

I asked why a credit line wasn't available and the "supervisor" told me they check credit and mine wasn't available blah blah blah. I explained how since I opened the card last year my credit has gone up by about 80 points and how I have other cards with triple the credit limit that are considered prime cards and how I will never use the Capital One card due to its uselessness (1% and 2% on travel, but like I told him what travel can I get for $500??) and also had a perfect payment history.

They all thanked me for being a great customer blah blah blah the best they could offer me was a 20.9% APR as opposed to 24.9% I declined and told him that I would just keep the card open and never use it. I'm really disappointed with this company and also explained my disgust that I wanted to contact someone higher in the company. The "customer service" I received was terrible and makes me want to explain to the world that Capital One really is garbage. Also they also kept telling me "no" and I work in customer service and would be fired if I told my customer "no" it's rude, inappropriate and should be stopped.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500

jeffysdad
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Postby jeffysdad » Wed Apr 25, 2012 9:56 am

CapOne's advertising is lame, too. I hate the visigoths and that guy with the baby. Neither ad is appropriate for a bank. DK what they're thinking.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

andy1088
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Postby andy1088 » Wed Apr 25, 2012 11:17 am

At this point I'm beyond frustrated with Capital One. They're a terrible company and the only reason I keep my card is for the age. it is my only credit line with at least a year on it. I just don't get after one year of perfect credit history how a company cannot do anything to help it's customers.
My cards
Chase-Sapphire-$5,000 Freedom-$3,000, Amazon rewards-$700, Slate-$600
Citi- Diamond Preferred-$4,000, Thank you-$2,500
Discover IT-$2,500
Bank of America cash rewards-$2,000
Capital one newcomer rewards-$500

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bisbicos
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Postby bisbicos » Wed Apr 25, 2012 11:41 am

Moneytalks wrote:To be honest, I find Capital one ridiculous as a whole, I mean, from what I heard, don't you have to have a checking account with them to have credit cards????


This is incorrect. I have a journey card with capital one and no checking account. However I agree with everything in this thread. Its my lowest Cl with the second highest Apr. Booooooo capital one
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

FutureBillionaire
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Postby FutureBillionaire » Wed Apr 25, 2012 11:52 am

I would never apply for them. Ever.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Starwind
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Postby Starwind » Wed Apr 25, 2012 12:44 pm

My experience with capital one hasn't been the greatest, but not that horrible. They did seem to have the best secured credit card I could find online when I was first looking to build credit. Was better than the orchard card. Only had to pay $50 and got a $200 line and got free credit reports each month. But, I don't plan on getting any regular cards with them.

Moneytalks
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Postby Moneytalks » Wed Apr 25, 2012 7:10 pm

bisbicos wrote:This is incorrect. I have a journey card with capital one and no checking account. However I agree with everything in this thread. Its my lowest Cl with the second highest Apr. Booooooo capital one


Thanks for the correction, again, it was something from a secondary source.
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

Money card
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Postby Money card » Wed Apr 25, 2012 10:28 pm

bisbicos wrote:This is incorrect. I have a journey card with capital one and no checking account. However I agree with everything in this thread. Its my lowest Cl with the second highest Apr. Booooooo capital one


You got the card over the computer, you didn't walk in the bank and applied and got the Journey card there.



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