Hi all, Got this offer in the mail today: 0% purchase rate for 6 months, then a fixed 14.9% rate on purchases, BT, cash advances. No annual fee Minimum CL: $500 Maximum CL: $7500 Full 1% cash back on all purchases paid at the end of the year as a credit or rebate check Platinum benefits Does anyone have this card or got this kind of offer recently? I'm seriously thinking about going for it even if I get a low limit because of the cash back feature and the low cash advance rate. I know the interest rates can be lowered and the limit increased once I establish a good relationship with Cap One. Any thoughts ???
steve, Good offer and they can change the terms anytime after they pulled your credit. They did to my brother with good credit. BEWARE!!!!! Ron.
I agree with Bailey on this one. I got this same offer, only mine said "Up to $2000 credit limit". Ha! I do not need a toy platinum card. And unless your FICO is hovering around 800, that's probably what you'll end up with.
I guess I better stay away then. I already have Platinum cards from Amex, Bofa, Chase, and Citibank so it's not for the Platinum benefits. I just thought it would be better to have one card with everything I'm looking for: no annual fee, low rates, rewards program.
$72.00 FOR MINE...SUB-PRIME COST FOR PLATINUM CARD??? UP TO $7,500...SAYS PRE-APPROVED...BUT WE ALL KNOW HOW MUCH THAT IS WORTH!!!
You don't need them and I got a couple offers from them.The terms of Cap1 Platinium cards are 14.9% fixed APR, $39 annual fee and it said it was pre-approved until Jan 23. Guarnatee approved. Minimum credit limit:$500. It sound like subprime terms to me. I got Platinium Card from Citibank,BofA,Citibank,People's Bank and First USA. They offer lower APR and no annual fee. I threw my Cap1 offers into shredder.Besides I got two cards from them already. NO Thanks. Ron.
