"Good Start/Capped Credit Limits"

Capital One® Platinum Credit Card Review
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Written by: steve on 2007-01-05

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steve's review: Callout Comment Ok card to begin improvement of credit. I've read about some horror stories about their initial low limit credit cards. My credit limit initially was $500.00 and I called for an increase a six months later and received another $500.00 in my first year capplying it at $1000.00. I've had this card for an additional three years, plus I have several other Capital One cards since 2001, which are all capped at $1000.00.  I've called and asked for increases, but I've been told they do periodic reviews and would be considered after reviews, and the limits were never increased. My FICO score for the past couple of years is in the early 700's. I've obtained cards with better APR's and limits, and will probably close my Capital One accounts due to their policies on sub-prime accounts credit limits and APR reduction.

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