Capital One Clear Cash Rewards!!!!!

Discussion in 'Credit Talk' started by Ron, Nov 9, 2003.

  1. Ron

    Ron Well-Known Member

    Program Benefits

    1% Cash Back
    Earn 1% cash back on all purchases from day one . The answer is clear.

    One Low Rate
    Upon approval, you'll save with a low 9.9% fixed APR on all purchases and balance transfers.

    No Balance Transfer Fees
    Refinance all your existing debt to this card and enjoy significant savings. With the low 9.9% fixed APR on all transferred balances, you'll finally get the long-term savings you've been looking for. Just complete the Balance Transfer Request on the bottom of your online application to transfer balances from higher-rate credit cards or loans. Upon approval, we'll do the rest. There's no fee for this transfer service.

    No Annual Fee
    Why go on paying annual membership fees? The Platinum MasterCard® won't charge you a membership fee-it's an advantage we're proud to offer our customers!

    It's So Easy!

    Requesting the Platinum MasterCard from Capital One couldn't be easier; simply apply online today! Upon approval, we'll assign your credit limit, process your Balance Transfer Request, and send you the card that will save you hundreds-even thousands-of dollars!

    Important Disclosures

    ANNUAL PERCENTAGE RATE(APR) for purchases* A fixed rate of 9.9% (0.02712% daily periodic rate).
    Other APRs* Balance transfer APR: Same as for purchases.
    Cash advance APR: A fixed rate of 19.8% (0.05425% daily periodic rate).
    Default APR: A fixed rate of 19.8% (0.05425% daily periodic rate). See explanation below.*
    Grace period for repayment of the balance for purchases. You will have a minimum of 25 days without a finance charge on new purchases if the New Balance is paid in full each month by the following statement closing date.
    Method of computing the balance for purchases. Average daily balance (including new purchases).
    Membership Fee None.
    Minimum finance charge For each billing period that your account is subject to a finance charge, a minimum total FINANCE CHARGE of $0.50 will be imposed.
    Miscellaneous Fees Cash advance fee: 3% of amount of the cash advance, but not less than $5.
    Late payment fee: $29.
    Over-the-credit-limit fee: $29.
    Balance transfer fee: None.

    Returned check fee: $29

    *All non-introductory rates will be changed to a fixed 19.8% ANNUAL PERCENTAGE RATE (0.05425% daily periodic rate) if: (i) your account is 5 or more days past due twice within any 6-month period (in this event, the change will be effective with the beginning of the second billing period in which you were past due); or (ii) we do not receive your minimum monthly payment as calculated by the terms of your account for 2 consecutive billing periods (in this case, the rates will change effective within two billing periods of the delinquency).

    Your minimum payment will be 3% of your outstanding balance or $10, whichever is greater. If your balance is less than $10, your minimum payment will equal your balance amount.

    The minimum credit line is $5,000.

    The 1% cash rebate applies to total annual net purchases only (purchases minus credits). It does not include cash advances, transferred balances, purchase checks, access checks, convenience checks, or travelerâ??s checks. This rebate will be issued to you as either a credit to your account or a check on an annual basis. The annual rebate will be calculated on all purchases made to this account from the start of the first billing period your account is opened through the close of your billing period 12 billing cycles later. To be eligible for this rebate, your account must be open and good standing (not overlimit or past due) at the time the rebate is to be issued. Capital One has the right to change or cancel this cash rebate program at any time.

    Your account must be open to receive a Year-End Purchase Summary and to use other program benefits.

    These program benefits cannot be added to an existing Capital One account.

    link:

    http://apply2.capitalone.com/7968/12-718/index.jsp?c=CardProd&s=07968012718XXCO31XX1CLRCASHXXX&t=ad


    Ron.
     
  2. Brad J

    Brad J Well-Known Member

    Well, I just had to laugh :)

    "No Annual Fee
    Why go on paying annual membership fees? The Platinum MasterCard® won't charge you a membership fee-it's an advantage we're proud to offer our customers!"
     
  3. GEORGE

    GEORGE Well-Known Member

    THEY TRIED TO CHARGE ME--YES ME--AN ANNUAL FEE OF $72.00 FOR NO REWARDS!!!

    WENT IN THE SHREDDER...

    DID PFB AND THEN GOT MY ALMOST REAL "PRE-APPROVED" CARD
     
  4. iambroke

    iambroke Well-Known Member

    ****Other APRs* Balance transfer APR: Same as for purchases.


    HUH??!! 9.9% on BT's....what a JOKE when I got 0% on BT. I want ZERO!
     
  5. 8004me

    8004me Well-Known Member

    Letâ??s see cost 3 pulls, potential for a $500 limit if kept at 50% for Fico thatâ??s $250 per month X 12 months is $3000 x 1% is $30.
    Donâ??t think so
    I love the part existing card holders canâ??t convert.
    They really are trying to be Prime like though but you get a guy with stellar credit and give him a crap line they will not realize the market they want.
    Itâ??s about time for me to PFB them anyway maybe I should talk to Mr. Cooke if I apply what will the credit line be.
    Wish you could chat with an underwriter there get a feel for what they are looking for because I want rewards not more hassle.
    I think I have a love hate relationship with them
     
  6. Ron

    Ron Well-Known Member

    Re: Re: Capital One Clear Cash Rewa

    8004me,

    I don't think they approved for $500 for Platinum Card because the miniumum credit line of this card is $5000.

    Ron.
     
  7. willgator

    willgator Well-Known Member

    Re: Re: Re: Capital One Clear Cash Rewa

    CRAP 1 JUST PLAIN BLOWS I guess I would use it to wipe my azz......
     
  8. Brad J

    Brad J Well-Known Member

    Re: Re: Capital One Clear Cash Rewa

    Give the people what the want.

    I was reading on cardweb that for consumers, the clear winner among rewards cards were the cashback cards, airline rewards was a strong 2nd.

    Too bad though, I think for Cap1 it's too little to late.
     
  9. 8004me

    8004me Well-Known Member

    Re: Re: Re: Capital One Clear Cash Rewa

    I stand corrected missed that thanks Ron.. Egg on my face
     
  10. Ron

    Ron Well-Known Member

    Re: Re: Re: Capital One Clear Cash

    I'm going to call Capital One Retention Department to rade my Kmart Mastercard into Clear Cash Platinum. I don't know whether they will let me to convert into that card without applying.


    Ron.
     
  11. catnap1972

    catnap1972 Well-Known Member

    Re: Re: Re: Re: Capital One Clear Cash

    It's a cobranded card so probably not.
     

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