Capital One® Cash Rewards for Newcomers Review
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Written by: jomalf22 on 2011-11-01

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jomalf22's review: Callout Comment I applied for this card on 10/17/11 got the 7 to 10 day delay message and decided to wait 48hrs and then called to check the status of application. They verified some personal info and was then informed that I had been approved and would recieve CL and APR info with the terms and conditions. Then on 10/28/11 recieved my new credit card with a 1,000.00 credit limit with a 24.90(P) APR. Credit scores at the time were EQ 618, TU 649, and EX 642 they checked all three credit files. Just curious about cap one CLI Process does anyone know if within 3 or 6 months? Or do I have to request within 3 to 6 months?.....


Comment 1 by joeyman
Re: Approved............. User Icon on 2011-11-02

Remarks With the credit steps program you should be able to get one around 3 months later. After that, Capital One rarely gives CLI's. Period.

I went from $1,000 to $1,5000 with my credit step after 3 months...
Comment 2 by derek1061
Re: Approved............. User Icon on 2011-11-02

Remarks Congratulations. Capital One, as far as there sub-prime cards are concerned, is only good for establishing or re-building credit.
Comment 3 by wanderer
Re: Approved............. User Icon on 2011-11-02

Remarks Congrats! Good to get back in the saddle of credit. Up until recently, Capital One was for re-building and they did not grow with you. As they re-position themselves in the banking community you may see a change. I have had five of their accounts and closed everyone as they would not grow with me. But, there is a new Capital One in the works so we shall see.
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