- Platinum Member
- Posts: 53
- Joined: Sun Mar 03, 2013 2:46 pm
- Location: Nebraska
Capital One is often treated unfairly, but they are excellent for someone with really bad credit because in most cases they will give a card with a 200CL for a deposit of $49 when other secured cards deny credit. They will then up the limit to 300CL after 6 months, but this is the only CLI you will ever get with that card unless you choose to add funds yourself, then you can add up to $3,000.
The reason they are slammed is because when your credit improves, they will make you apply for a new card, HP all 3 CR's and maybe give you a 500CL with a $39AF then up you to a 750CL then make you apply for another card. We shouldn't slam them because they will give someone a start when they can't get credit but when your scores are in the 650 range, I wouldn't mess with Cap1 as you will need near perfect credit to qualify for their best cards.
If you have credit well above 620, I would look at the Barclay Rewards Mastercard, you should get at least a 2,000CL. Of course under 600, you would need to look at a secured card. Something you could do is look at the Capital One preapproval tool and it's a soft pull. They will let you know if they think they have a card you qualify for. BofA has the same thing on their website.