What is the point of having a capital one card if they dont report yoru limit and it seems that you are maxed out all the time and is negative for your credit report?????
2006-07-14 03:35:33 · 5 answers · asked by Queen Nefertiti 3 in Business & Finance ➔ Credit
If I request it, they will report my limit to the credit bureaus???
2006-07-14 03:40:17 · update #1
Capitol One has a big name.. A lot of consumers do not even have any idea how things report on credit reports or how it effects them.
Since they do not report a limit I refuse to get their cards.. I have heard MANY people have tried to either get Cap One to report a limit or they have gone directly to the Credit reporting agencies with very little luck.
If you are repairing or building your credit and having a problem getting approved I would try to get a Merrick Bank card. Most people are very happy with them.
2006-07-14 05:32:08 · answer #1 · answered by chaotickitttie 2 · 3⤊ 0⤋
Its for consumers who need credit but have already "dropped the ball" a few times with other companies.
They will report you to the credit bureau if needed.
2006-07-14 10:38:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't know, but I'm getting ready to close my Capital One account because it has the lowest limit and the highest interest rate. I got it right out of high school as a student card. I don't even have a balance on it anymore, I haven't for like 6 months. I just kept it for emergencies.
2006-07-14 10:39:58 · answer #3 · answered by Courtney 3 · 1⤊ 0⤋
you right, that's why i don't have credit cards and can't even obtain one becuase of bad credit..
2006-07-14 10:37:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I got rid of mine
2006-07-14 10:53:22 · answer #5 · answered by dxle 4 · 1⤊ 0⤋