It seems that Cap 1 has this new "Non-Prime," "Non-Subprime" Plat card they keep offering everyone. $39 yearly fee, min $500 limit up to $7500 and 14.9 APR. This is not their old "Gold" card with minimum $200 CL and $6/month fee and 19.x apr. Hehe. I have a family member who accepted this offer and got $3k CL. Funny thing, seems this new card does actually give some people higher limits than the old "Gold" cards that were almost all $200/$300/$400/$500 Credit Limits. Anyone wonder what Cap 1 is doing here? New idea to get the "mid-range" people? Pre-Prime? Comments?
Seems like Cap 1 has a "Monster" of a marketing department. I once read that they have 100's (if not more) of "custom" offers for all people based on some internal FICO/Magic/Tea Leaves. But, they seem to be doing well and do like to "oil the squeaky wheel" when people call the "right number."
There is nothing "Platinum" about AMF fees and APRs of 14.9%. I am not a prime customer yet, but this is not a Prime card. Offers like this will only serve to make the term "Platinum" mean nothing. A few years ago, "Gold" meant you had a good card. Just goes to show that you still have to read the terms before you can judge a card. No longer can you look for a label such as "Platinum". Trevor
I got this offer from Capital One three times in a month and they even asked me that do I want apply over the phone. I received a last chance offer from the mail and asked me do I want it. I think Platinium is supposed to be no annual fe, high credit limit. Not 3K cl. lower APR. Ron.
