Is Cap One taking over the world?

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6 posts
Obi-dan
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Is Cap One taking over the world?

Postby Obi-dan » Tue Aug 06, 2013 12:09 am

Does it bother anyone that they seem to have such a rapid ascent? They have purchased Sharebuilder from ING and bought Orchard Bank, who was largest issuer of secured credit cards in U.S. I don't know much about their history but their rise seems very rapid for a U.S. financial institution.
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)


MemberSince99
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Postby MemberSince99 » Tue Aug 06, 2013 7:30 pm

Yeah, now everyone can get a card with a 500 limit for life. Oh wait, we could anyway.

Doesn't bother me in the least what they do. They are for sure on top of the subprime world, but I doubt any of us will be running out and closing our Chase and Amex cards and jumping on the Crap One bandwagon.....but at least those with Credit One and First Premeire can look forward to that day when they too can dump their cards and join the proud Crap One ranks....

Just 3 hard pulls for a toy limit that never grows, with the biggest joke of customer service there is, whoopie! Yep they are a real threat, I'm sure Amex is just quaking in their boots over these developments....

P.S. No offense meant to you I just couldn't help some sarcasm there....

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djrez4
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Postby djrez4 » Tue Aug 06, 2013 8:52 pm

Not a fan of Cap One taking over my ING and Sharebuilder accounts, but, they have yet to screw anything up. The interface is the same (albeit with different colors). They even dropped the price on individual trades.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

Obi-dan
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Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Wed Aug 07, 2013 12:01 am

To MemberSince99: no offense taken. It just surprises me that a young, second rate finance company can generate such capital as to buy assets from a company like ING. Like Djrez4, I am unhappy they have my Sharebuilder account. I think of ING as a good company and of Cap One as, as you say, craptastic.
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)

mattymatt808
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Postby mattymatt808 » Wed Aug 07, 2013 12:21 am

They market very aggressively compared to anyone else I've seen. Now every time I watch 30 Rock I think of Alec Baldwin in the commercials.
$2500 First Hawaiian Bank (6/10)
$4500 CHASE Freedom (2/13)
$3500 Citi Forward (2/13)
$2000 Discover it (2/13)
$9600 AMEX BCE (3/13)
$10000 CHASE Sapphire Preferred (7/13)
$5000 CHASE Ink Plus (8/13)

dickey1331
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Postby dickey1331 » Wed Aug 07, 2013 3:06 pm

I think the only thing I have of Crap One is my Best Buy card. I left ING when they were sold.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000



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