How did you come to acquire your Capital One card?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
5 posts
Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

How did you come to acquire your Capital One card?

Postby Money card » Sun Feb 19, 2012 11:17 pm

For anybody who has any capitol1 credit card NOT DEBIT CARD. do you people have a checking account with them? if not how did you get your card?

I heard that you have to have a checking account with them all I can say is that's stupid. I can understand you having to have a checking account if you want a debit card.

When I first applied for a credit card back in the late 80's I opened a checking account near where I worked at the time it was First Fidelity. The card I applied was a green American Express card didn't get it then, so my parents helped me get a first Fidelity visa, in those days they had paper applications and annual fees.

Then around the mid 90's I got offers for gold cards with no annual fees, so I canceled my first fidelity card and eventually I got a card called First card they sent me an application in the mail. they had no banks in my area.

So in 2001 First card closed up for business I had an open account so bank1 took over up until 2005 or 2006, then chase took over. I had a fight with them because they took my 1995 membership date off my freedom card that First card put on my card, bank 1 kept it on, when I had a chase platinum they put it on, when they switched me over to a rewards card that card had my membership date on it, but not the freedom.

So when I applied for the capitol1 venture card I got an application in the mail.I never walked into a bank and applied for a credit card without having a checking account with them. for anybody who has a capitol1 credit card including student cards how did you get the card? do you have a checking account with them? or did you apply on line , by phone or short application?

Another question about capitol1 do they have a airline or hotel card? Like chase has the British Airways and Marriott hotel, American Express has the Delta and Jet Blue, Citibank has American airlines. Does capitol1 have any airline or hotel card?


CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Mon Feb 20, 2012 3:28 pm

I received a pre-approved application from them in 1997. I was 18 and had zero credit. I took a shot and was approved for $300 limit and 19.8% fixed interest. I still have that card, it is now a No Hassle Rewards $10K limit and 10.9% fixed. Not bad.

Back then, Capital One did not have an actual bank so no, I did not, and still do not have a checking account with Capital One Bank. Capital One itself was spun off from a bank, Signet Bank of Virginia (was later bought by Bank of America).

Capital One has a travel card in the Venture and Venture One. They do not have an actual cobranded airline or hotel card. However, this is a good thing as with Venture you are not tied to one particular airline or hotel chain. For a while they did cobrand an Orbitz.com card, but I am not sure if that is still around.

In my experience, Capital One has been good to me; however, overall they are still way too subprime and they need to grow up a little. If I were in charge, I would take the opportunity to move Capital One upmarket by keeping the Household Bank name from HSBC to issue the subprime cards so that Capital One would only issue prime cards.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Mon Feb 20, 2012 9:47 pm

CC I love my capitol1 venture card, you are 1milion times correct the card is a travel card used by sales men, vice presidents, etc.

But what I'm wondering is why doesn't capitol1 have a hotel or airlines card?

For example American express has for travel the Starwood, Delta and Jet blue for airlines and hotels. Chase has the sapphire for travel but they also have the British Airways and Marriott. Citibank has the ThankYou card for travel and American for airlines.

But from what you said capitol1 has for travel, the Venture card and no airlines or hotels. Just curious do you know why?

DoingHomework
Centurion Member
Centurion Member
 
Posts: 707
Joined: Tue Sep 22, 2009 1:15 pm
Location: Arizona

Postby DoingHomework » Tue Feb 21, 2012 12:59 pm

Don't you think you've answered your own question?

Delta has a contract with American Express
United and Continental with Chase
American Airlines with Citi

You could make a similar list for major hotel chains

Yes, there are other airlines but in general they will be with Chase or Citi.

CC Deville
Centurion Member
Centurion Member
 
Posts: 1075
Joined: Thu Aug 04, 2011 7:07 pm
Location: Phoenix

Postby CC Deville » Tue Feb 21, 2012 4:01 pm

Money card wrote:CC I love my capitol1 venture card, you are 1milion times correct the card is a travel card used by sales men, vice presidents, etc.

But what I'm wondering is why doesn't capitol1 have a hotel or airlines card?

But from what you said capitol1 has for travel, the Venture card and no airlines or hotels. Just curious do you know why?


I think two things:

1) As Doing Homework noted: there really aren't any airlines or hotels left to team up with Capital One. Chase has Hyatt, Ritz Carlton, Priority Club, Marriot, Southwest Airlines, Continental, United and even Amtrak. Citibank has American Airlines and Hillton Honors; BofA has Alaska Airlines, US Bank has some small airlines to Mexico and Asian countries and Barclays has a TON of airline/hotel cards. So there really are none left for Capital One to issue.

2) Capital One is still seen as subprime, so a lot of partners (airlines, hotels etc) might not want to team up with them. A lot of travel cards are geared towards more affluent, credit worthy individuals.

Overall though, I think Capital One is on to something. Rather than have a US Airways card that only works for US Airways or a Hilton card that works at Hilton etc, you earn double points on everything, low annual fee and in the end you can have your account credited for your redeemed points even if you fly Delta and stay at a Ritz Carlton. Plus there is the added benefit of no foriegn transaction fee.



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 2 guests