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10/29/11 (a saturday) Application made online – and deposit sent
10/31/11 received standard approved/deposit letter (dated 10/30)
11/12/11 email received: “Your new credit card was mailed yesterday, and you should receive it within 7 business days.”
Welcome to the forums billocala and congrats on your new card.
If you don’t mind me asking, what credit line were you approved for with Capital One?
Actually i don’t remember – but i sent in an additional deposit over and above the ($49?) they requested. Once I get the card I suppose will know the results and I will post what I find out.
The card came today (pretty slowly actually). My credit isn’t horrible, just thin (mid 600’s), but I only got a $401 credit limit. Sending them $300 at first was a mistake. They screwed me a bit in the math. I can advise everyone now that you should initially only send the minimum amount the ask for. THEN send in additional money if you want a higher limit.
I forgot to update – I got the somewhat automatic 6 month extra $100 additional credit line a few weeks ago.
I use the card as my primary daily expense card and I pay it pretty much off on the web site every few days.
I use the card as my primary daily expense card and I pay it pretty much off on the web site every few days.
Congrats Bill! I remember getting the $100 credit line increase a while back as well. I was surprised to find out later that not everybody gets it. I think it has to do with how much you use your card. It was my only card back then so I used it frequently.
I have another card with cash rewards now and don’t use my Capital One anymore (just once every couple of months or so to keep it active). I haven’t received any other line increases since then, but I sent an extra deposit a few days ago. I want to show a couple of years of good payment history and a decent credit line for this card before I close it next year. I just don’t see the point of keeping it anymore.
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