what is the deal with Cap 1

Discussion in 'Credit Talk' started by LKH, Feb 21, 2001.

  1. LKH

    LKH Well-Known Member

    I was sent a pre-approved offer for a gold visa with 0 % apr until Sept. I took them up and was approved. I called yesterday to find out what my loc was and they told me it is not set yet. When I get the card I have to call the automated system to activate it. When I call the system will ask me several questions and my loc will be established by my answers. Has anyone else gone thru this with them? Also, when I called yesterday, they tried to sell me on card protection for all my cards for $39.95 a year. I don't even have the card yet. Are they like Providian in that they try to sell you a bunch of crap?
  2. Marie

    Marie Well-Known Member

    never heard of this one

    but I did try for the 0% til Sept online offer... got it, but w/a twist. $6 membership fee a month w/it. NOT FREE THEN CAP1!!!

    Bait and switch, anyone. I'm hearing few are really getting the true 0%. But I've never heard of this one. Let us know how you do and if they add fees to make up for the 0%
  3. sam

    sam Well-Known Member

    RE: never heard of this one

    after having the $500 limit gold card for one month i called up and changed the 4/month fee to $24/year and got a whopping 100 line increase :)

    this is the bottom of the gold card barrell :)
  4. Marie

    Marie Well-Known Member

    Are all the Visas Gold

    or do they have a regular visa? Strange, you're right. their gold isn't very gold
  5. Jim

    Jim Well-Known Member

    RE: what is the deal with Cap

    It took over 2 weeks before I received my Capital One card. I never tried to contact them in the interval between applying and receipt of the card.

    The telephone number I gave them for my home is my computer line. Therefore, I have never received a telephone call from Cap 1. Whenever, I call them they always try to sell me something. No big deal. As we discussed on Sundays chat, you can probably get your annual fee waived by going with MCI.
  6. Donna

    Donna Well-Known Member


    No, Marie.

    I have both a Visa classic and a Visa gold from Cap One. The classic came first...nearly six years ago...and I got the gold last August.

    As you know, Cap One drives a hard bargain when it comes to increases but they don't seem to be quite as strict with the gold.

    Let me tell you! Getting an increase on this confounded classic is like pulling teeth! If only this weren't my oldest tradeline, I'd cancel in a heartbeat! But, unfortunately, I'm stuck. And, since my gold has a decent limit, $3000, I'm going to hang on to it for a while.

    Cap One deserves my loyalty, even though they're outrageously stingy, and I'll probably stick with one of these cards for several more years.

  7. MikeG

    MikeG Well-Known Member

    RE: what is the deal with Cap

    I had this offer. Like Marie, they charged me a $6 per month fee; however, I recently had them credit me 3 months. I threatened to close the card because I did not see the value of the card. Anyway, they told me the same story of having to receive the card and activate it to get the actual LOC. Woohoo $200.

    I am giving it to March (3 months) no serious increase, them I am closing it.

    Mike G.

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