What is the maximum amount of credit line capital one can give without any annual fee?

In order to get a real high credit line with Capital One, There is an annual fees of up to $149.

The disclosures provided with the application states that there is an Annual Membership Fee (AMF) as part of the terms of this account. The annual membership fee is charged to help offset some of the costs of managing your account. One of the reasons Capital One charges a membership fee is to be able to provide a high level of service and benefits. As an example, most of the items that you purchase on the card can have their warranties extended, which can be worth much more than the cost of the total membership fee.

What is the maximum amount of credit line one can get with Capital One?

How to transfer credit card balance to another card

Is it good to transfer credit card balances?

Interested with transferring card balance to another credit card? If that is so, you are not alone after all doing so makes perfect financial sense. This is because transferring these balances to another with low credit can help better your finances. More so, it helps improve your credit card debt if what you want is to be successful in the area of credit card debt. However, you must know that if you’re cannot transfer your debt correctly, it could end up with you having missed payments and late fees. As such, you need to follow a sure way for smoothly credit card balances transfers.

Steps to take on transferring your credit card balances

Here are some easy and simple steps you can follow for smooth credit card balance transfer:

Understand all the terms and conditions when it comes to balance transfer

Before you ever decide to have your credit card’s balances transferred, it is important that you first understand all the conditions that comes with it. Understand the credit card’s limit, the balance transfer fee, the interest rate for the balance transfer, etc. so you understand well what it is that balance transfer entails.

Choose credit card with low interest rates

When you have already chosen to transfer your credit card’s balance, it is better to look for credit cards with lower interest rates. This way, you can extremely minimize the fees you will have to pay. With lower interest rates, then you can definitely improve your card’s credit.

Transfer Your Credit Card Balance

After filling out application for low interest rate credit card, it is time to transfer your credit balances. To do so, you can either write a convenience check from your new issuer, or perhaps simply call the issuer and ask for the debt to be transferred. On the other hand, you can just do the entire process online.

Keep Paying for Minimum Payment in Your Old Credit Card

Now, the biggest risk with transferring your debt to another card is the chance of missed payments and late fees. To avoid this, it is best way that you can avoid this is to keep making payments, at least the bare minimum, to your old credit card. Do this until the time that your previous issuer clearly confirms that balance transfer has been completed.

Get Final Statement from Your Issuer

Once everything that has been done and the balance transfer have been complete, it is advisable that you get a final statement from your old issuer, particularly if balance transfer has successfully paid off the debt on your old card. This is to make sure that everything truly is complete and you no longer have balance with your old credit card.

Following these steps, hopefully you can improve your credit and finances. On the other hand, even when you do not have credit with your old credit card, be sure not to ignore the billing statements from your new issuer. After all, you still have monthly payments.

Capital one credit card max limit

What is the maximum amount of credit limit can be obtain in Capital One Quick Silver Card?

Response from Capital One Online Chat, “There is no limit. You can request a credit line increase online by choosing the “Request Credit Line Increase” link from the Services tab. When you submit your request, we’ll review your information. ”

Q: What information do I need to give it customer rep?
A: Full name on appear in credit card, zip code, date of birth and last four digits of your Social Security Number and last four digit of credit card.

Q: How much credit increase I can receive per request? and How often I can request?
A: $2000 per request. You can request after 6 months of prior credit line increase request.

Top 10 credit cards for first time applicants

How to get your first credit card at 18

For first time applicants looking to build credit on credit cards, there are ten credit cards that stand head and shoulders above the pack. If you’re a first time credit card holder, your credit card is the number one step to building a payment record. Your credit score may or may not qualify you for car loans, mortgage or lines of credit. And it will determine the rate of interest you’re charged if you apply for and receive financing of any kind.

The good news is that changes in credit card laws have been passed with the intent of protecting you and others from rogue lending practices. However, it’s up to each individual to make sure their credit file indicates to lenders they are a good or reasonable risk when applying for a loan. Remember to pay all of your bills and expenses on time. All it takes is one or more late payments to lower your credit score.

The following credit cards, which include prepaid debit cards, are great for people with no credit or a limited credit history. It allows them to build credit on credit cards they choose. Federal laws also protect predatory lending practices to people under 21 unless the card applicant can show he or she has the ability to repay.

The following ten credit cards are recommended for first time applicants:

  1. Applied Bank Secured Visa Credit Card – This credit card comes with a moderate price tag. But balance transfers are not allowed and there are redeemable awards for air travel and roadside assistance. There’s also a relatively high APR and is available to anyone regardless of credit standing.
  2. First Premier Bank Gold Credit Card – Moderately priced and prohibits balance transfers. Redeemable awards include air travel, cash back and roadside assistance.
  3. Capital One Cash Rewards for Newcomers – This card helps anyone new to the U.S. establish credit and earn cash back in the process.
  4. Capital One Platinum Credit Card ­– There is no first-year annual fee. Personalize your image and get spending notifications through text alerts.
  5. Prepaid Visa Pink Diamond RushCard – Guaranteed approval and free direct deposit. Use the card to pay bills, rent or write personal checks. Transfer money to other cards.
  6. Capital One Cash Rewards Average Credit ­– Cardholders receive a 50% bonus on cash back earned every year. Cash rewards never expire.
  7. Capital One Secured Master Card­ – No application or processing fess required and offers a credit line up to $3000. This is card is accepted a millions of locations around the world. Card holders can also track their own purchases.
  8. Orchard Bank Visa – Accepted a millions of locations worldwide and reports to three major credit bureaus. Check your account information with ease and get reminded of payments by text messages.
  9. Prepaid Visa Black Diamond Rush Card – Guaranteed approval with no credit check. Utilize free deposit and change your fee plan whenever it suits you. Card owners can pay bills and write personal checks. It also offers card-to-card balance transfers.
  10. Prepaid Visa Purple Diamond Rush Card – No credit checks required. Applicants are 100% guaranteed approval. Cardholders can change plans whenever the need arises and there’s no fee charged on direct deposits. Use the card to make purchases and pay bills. It also comes with a free prescription card.

First time credit cardholders should make every attempt to use their card wisely. Why? Because they may have their credit card for years and every purchase and payment is recorded on their credit report and will remain there for many years.

Credit scores are checked on everything, from buying a home or renting an apartment, to everyday purchases and applying for a job. Remember to spend wisely if you’ve been approved for your first credit card. Credit penalties could affect your life for years to come.

“How to get personal loans with bad credit”

How to get personal loans with bad credit

How to get personal loans for people with bad credit

With the economy still struggling and unemployment rates fluctuating, it’s one of the worst times in history for someone with bad credit to try to get a loan of any sort. Yet, life still goes on and needs arise. If you already have bad credit, it’s never too late to start working on improving your credit rating and one effective way is to build credit on credit cards. Using credit cards for purchases and then paying the monthly payments on time or even paying them off every two months or so will work towards improving your overall credit score. A key to this is not to max-out the credit card or cards, though, as running the balance up to the hilt is just as much of a red flag as is non-payment. Sensibly handling your credit cards will show potential lenders that although you may have had an unfortunate set-back in the past, your current credit record is one of responsibly managing your debt.

Many times it is just as difficult to obtain a credit card as it is a loan when you have bad credit. There are a number of companies now who specialize in guaranteed credit cards for people with bad credit. These companies vary in how they structure their offers. Some are considered “secured” and may operate more like debit cards, having you make a deposit equal to your “limit” and then, although you have money backing your purchases, you will still make monthly payments that will build your original deposit back up. Others are more traditional, being unsecured and not requiring a deposit, but they will charge an inflated interest rate, well above the current going rate for a typical credit card.

It is easy enough to find guaranteed credit cards for people with bad credit. Email inboxes are flooded with offers almost every day of credit cards that are assured approval. You can also use the internet to search several sites that will match a credit card and its benefits and features with your credit situation. Simply fill out a short questionnaire and these sites will present you with several choices of credit cards, secured cards, and pre-paid cards. You just review the aspects of each of them and select the one that is right for you. Most times you can get an approval within minutes when you apply for a credit card using one of these sites and be on your way to re-building your credit within days.

While attempting to build credit on credit cards using guaranteed and/or secured cards is one way to go, there are also more loan agencies now than ever before that will loan to someone with bad credit. Recognizing the difficult situation that a large number of people are in, banks and credit unions are even offering “bad-credit” loans in some circumstances. It is always worth a try to contact the bank you do business with first to see what they might be able to offer by way of a loan. These types of institutions might require collateral to secure your loan, but it will at least provide an opportunity to work on your credit score. The most common types of loans that banks and credit unions offer customers with less than perfect credit are home equity lines of credit and title loans on vehicles. This gives them something tangible to fix the loan to in the event of non-payment. Aside from typical financial institutions, there are many other agencies that can be found online and locally, as well, that are willing to loan to those with bad credit. As with the credit cards, you should expect higher interest rates for lower credit scores but that may be a small price to pay to improve your credit rating.

How to apply for a free credit report

Credit cards for teenager

Should I get my teenager a credit card

Credit cards for teenagers-minors, under the age of eighteen, can actually be a very good idea. They are safer to carry than cash. If lost or stolen, they can quickly be replaced and in many cases, on stolen cards, all or most of the money is usually returned to the user. There are financial safety nets set up through the issuing companies’. If unusual spending occurs, many times they will call and make sure that the spending was from the user. Also, a credit card can help if a teenager is in an unexpected circumstance where funds are needed immediately, such as their car breaking down or an emergency.

Most teenagers are very responsible, especially in this day and age of high technology. Teenagers have learned to handle complex situations and adjust to more circumstances than ever before. A teen who has handled other responsibilities in the past, shows an insight into how they will handle new responsibilities in the future. A responsible teenager who has handled the use of a cell phone correctly, who has not lost it and who usually follow the parents’ rules about its usage, would be a good candidate for carrying a credit or debit card. They have expressed their maturity through adequate use of something of value.

A prepaid debit card can also be another good option. If a credit card for a teenager is not what is wanted, than this could be a first step in introducing a teen into the financial world of credit. A certain amount of funds can be loaded onto the card and after tracking a teen’ financial use of it for a set period of time, determinations can be made as to their maturity level. A decision can then be made as to the use of an actual credit card.

1. Why was i denied a credit card?
2. How to build credit on credit card

Denied credit card application

Why Was My Credit Card Application Denied?

Humans have a difficult time dealing with rejection. Having a credit card application denied is sometimes no different. It is a form of rejection. Dealing with a credit rejection need not be taken personally. There are a variety of reasons why credit card applications are denied. Here are a few.

Companies that issue credit cards have certain guidelines to make sure their investment is solid. Credit issued to bad risk clients are a sure way for them to lose money.

Anyone who has a credit card application denied may not have sufficient credit with other companies to show how well they pay. A limited credit history on a credit report indicates risk for the credit card issuer.

Other problems could be a high balance on other credit cards. High balances indicate possible reckless or irresponsible spending habits. An individual having a recent late payment or two in the past year on a charge account or credit card can also cause a problem.

Those who have recently changed jobs or have been unemployed for an extended amount of time could also be rejected. Credit companies want to know that they are issuing credit to someone with a stable job and work history. Those under 18 years old have relatively no work history and no established credit. Again, unknown work and credit history represent risks for the company.

Another problem could be too many recent inquiries on the credit report. Inquiries are made when applying for a loan or other credit cards. A negative or unresolved issue on the individual’s credit report can also cause a denial. Anyone who feels that a credit card was wrongly denied should get a copy of their credit report. There are methods available for disputing bad credit wrongly reported.

Why Do You Need to Build Credit?

How to build credit on credit card

There are a number of reasons why you might want to build your credit on a credit card. This is because this seems like the easiest way to go about getting credit for other things out there. You want to ensure that this is the right way you want to go, and weigh all of the options that are out there for building your credit, and how to build credit fast when it is needed the most. You can get everything that you need right from the internet. Keep these credit building tips in mind.

You will want to charge a small amount to the card, and pay it off slowly doing the minimum balance each month. You should always pay on time since you want to make sure that this does not go on your credit score, and that the company states that all of your payments were always on time. Paying the minimum amount each month builds your credit slowly, and provides you with a nice platform to go off of. This is especially true when you want to know how to build credit after bankruptcy. This is something that is hard to bounce back from. If you’re younger than you might not want to get many credit cards, and just start out with a few for the time being. This is because the more you get, the more you will be in debt from charging products on them, and perhaps not having enough to cover all of the payments for each of the credit cards. Of course, this is true for older adults as well. Ensure that you have all the information before signing up for a credit card as well since a lot of them have higher interest rates than others. You want to make sure you’re not paying too much in interest, and the rest on what you place on the card.

Anyone can go into credit card debt, but making sure that you use them wisely provides you with the right platform to make the most from building the credit you need to get large loans for larger things such as houses or cars that you might be in need of. Credit is an important factor, and being wise while spending money on credit cards is something that will help you in the future with the credit score and rating that you need.