Great post, thanks for sharing! I actually didn’t know about some of the things you mention, that’s why it would be great to hear from other people here using this card as well. We could all learn a few things
I have a few questions for you:
Have moved my due date to the beginning of the month so it would be more convenient to pay in full
I didn’t know this was an option! Did you call Capital One and ask for this, how does it work? It would be a lot more convenient for me to have this, I’m always forgetting when my due date is.
At that time I asked about the card unsecuring. The rep. said that the only way to get my deposit back would be to close the card and I can always apply for an unsecured card.
I suspected this but didn’t know for sure. Thanks for making it official! This is probably one of the only things I don’t like about this card. It would make more sense if after a certain point they graduated you to an unsecured card and refunded your deposit. Considering that closing a credit card looks bad on your credit report, I think that a card that is made for “repairing your credit” should become unsecured once you have proven you can handle credit responsibly.
I thought for sure when I signed up for the card, it said that the card would go unsecured and that they would mail me my deposit back after about a year.
I also thought the same thing! I know you got this card like 6 months before I did, have you checked the documents you originally received when you got your card. I’m curious to know if maybe they changed their policy regarding deposits.
I have read that card issuers like to issue cards to the limits you already have so I want to see higher limits granted.
I didn’t know this either, but it makes sense. Thanks for sharing this info! It gives me new ideas. I hope you get an unsecured increase eventually. I think you deserve it since you’ve always paid on time. Going over the limit might have been the reason for not seeing an increase I think. When was the last time this happened?