Paradise954 Posted November 20, 2013 Report Share Posted November 20, 2013 Applied with Cap One today for their Platinum credit card and approved for $1000! It has only been 21 days since I received my discharge, Ch. 7. Cap One was IIB. Small credit line to start, but it is a start and so soon after BK. 1 Quote Link to comment Share on other sites More sharing options...
willingtocope Posted November 20, 2013 Report Share Posted November 20, 2013 Congrats! Annual fee? Interest rate? Quote Link to comment Share on other sites More sharing options...
Paradise954 Posted November 20, 2013 Author Report Share Posted November 20, 2013 Congrats! Annual fee? Interest rate?Fee waived for first year ($19) and 0% for first 12 months. 1 Quote Link to comment Share on other sites More sharing options...
Harry12 Posted March 29, 2014 Report Share Posted March 29, 2014 Those seem like very good terms. What about after the first year? Surely you are not going to accept charges of upwards of 40 percent right? Congratulations on being approved by the way, I am happy for you especially with the recent discharge. Back on the road to building your credit! Quote Link to comment Share on other sites More sharing options...
Wins the Battle Posted March 29, 2014 Report Share Posted March 29, 2014 If you use your card wisely, and do NOT EVER carry a balance forward, the interest rate won't matter to you. What do you care about the interest rate, if it's never able to be charged? The best way to increase your credit rating is to use the card, but never have more than 30% of your available balance owing at the cut off. On this card, that's $300. So, if you do charge more than $300, make sure that a)you have paid off anything from the previous billing cycle before the due date and b)you have paid your balance down below $300 before the cut off date--it's usually 5 days after the due date. Nice job on getting a card! Use it well, and you'll see your rating rise. Quote Link to comment Share on other sites More sharing options...
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