Written on: 30/09/2009
Well I've been with Capital One for over 12 Months, had poor/no history for a long time, but started with £500, and it's still the same. Paid it off a few times, never missed a minimum payment, mostly paid more than minimum. My ex-girlfriend started with £100 and got increased twice, now upto £1,200, yet I earn much more than her, and she has never paid hers off, go figure!!!
It has helped me get two other credit cards though, with my bank Natwest and with Santander, with much better terms and credit limits and also better prospects for the future.
The interest rate is high, but what do you expect when you are considered a high RISK???
MY advice is to get one, USE it, pay it for 6-12 months, NEVER MISS A PAYMENT, check your credit rating/score with creditexpert, then shop around for a better deal. Don't throw it away though, you may still need it one rainy day!!
As rated by real users
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