I am interested in a credit card to rebuild my scores. I was wondering if you have had good luck and can recommend a company that has treated you fairly? Good fees and limits? My Equifax score is coming in at 610. TU = 550. Thanks!
Captial One usually pulls from all 3. They're very lenient as far as being approved. Even if your scores aren't that great, you'll get one of their secured cards, usually $49 or $99 security for a $500 limit, reports unsecured, reports to all 3, and after 6 months you can PFB Mr. Cooke to get your security back and get a cl increase.
Well I've always applied through the automated system (except for the last time when I got a guaranteed approval for plat. in mail and returned it). The nice thing about it (applying by phone) is you're simply applying for "a" Capital One card, not a "specific" Capital One card... so, if you do not qualify for platinum or gold, you'll get classic, or if you don't qualify for the classic, you'll get secured.
Does anyone have experience with Cap 1 secured? BTW: Do CRA's treat secured differently than sub-prime cards? Thanks for the help!
I do. I had a secured Visa with Cap One that was converted to a Gold Visa. My secured card had no application fee, no processing fee, $29 AMF, and my security earned some interest, it also reported as unsecured. I highly suggest doing a secured card (like C1's) vs. a subprime unsecured card with enough fees to wipe out your initial credit limit. (at least with the secured card you get all those $$'s back)
A true 7 to 10% fixed rate on all usages for the life of a signed contract. No annual fee. 30 day grace period. No over limit with no over limit fee. No change in terms as long as paid as agreed . Max.$15.00 late fee. ================================= Any Card that doesn't offer all this does't deserve your business!
With Capital One, as far as I know, they always report secured cards as unsecured to the CRA's. Some companies do it this way, others don't. Always ask up front, you don't want the card reporting as secured.
