dragon452 wrote:Good question. I'm giving Quinnfallensol my observations on Capital One from the perspective of somebody who may be looking for better credit deals, or someone who may not have good enough credit to apply to a major bank for a premium level card. I'm on a more established level credit-wise, from some younger people who post here. I'm in my early 60's, my FICO scores rarely dip below 800, and I do have other credit cards (in the 20k-30k range all with temporary "no spending limits"), as well as a generous homeowners line of credit with a large bank. Capital One is what I refer to as my "lunch and convenience store" card: for small occasional purchases (as opposed to using my debit card). I keep this card active because I don't wish to apply for new unsecured credit anymore. Also, it is their best no annual fee card with a half decent limit of $10,000.00. They also let me access this credit for twice a year for 2.99% through their no fee convenience checks as well. I get all I need from them. Thanks for asking.
Perhaps you're thinking of Venture One? Venture does have an AF, although I've heard many people are able to get it waived for the next 12 months without much difficulty. It's not permanent, though - they have to remember to call every year.
I can see how no-fee, interest-only checks at 2.99% could be useful when interest rates are high, but I suspect that if rates rose they would be harder to get. Has the 2.99% rate been fixed all these years, or does it fluctuate with prevailing rates?