Capital One Classic Review

“Thumbs up and credit when it ' s due - having been...”

Written on: 25/09/2008 by cooldude25 (5 reviews written)

Good Points
easy acceptance, great to build credit

Bad Points
limi increases when they offer only, poor limits, high interest, poor cust service

General Comments
Thumbs up and credit when it ' s due - having been abroad for years I was given a break on my Capital One credit card; they granted me credit which enabled me to start building a history. I earn well and was surprised to get a £200 limit BUT I spent, paid off in full, spent, paid off in full, etc. After 3 months they increased the limit to £500. Ok this is pathetic for someone on a £45k salary BUT after 6 months of paying and spending I got other cards. This is the key to capital one - they help you build you ' re rating.

A year on I now have a platinum card with bank (now at £8500 limit) and a platinum plus with MBNA (limit now at £10,000). Also have platinum bank account and 4 mobile phone contracts (for family members, not all me). I also have 2.

So all in all, don ' t let yourself build debt with cap one but get one, use it, pay it, and watch your credit rating sore!