Aeroafboy

I don't have a monthly fee on my cap1 one card. *knocks on wood* I feel fortunate!

They asked for my name, and that's it. I don't have the same address as my mom, but I do have some accounts under that address. Maybe they just assumed they got it correct?

When I was added to a discover card as an authorized user, they only asked for my name. It shows on my credit report, but how do they know I'm that person? There are lots of people in the world with the same name. Does anyone know how this works?

I'd be interested in hearing your opinion on this matter. Aeroafboy's opinion may be different, but I think this article sums it up nicely. http://uwrfvoice.com/index.php/views/article/2541/ That article does sum it it up and is exactly what I do. I was interested in what Aeroafboy's idea of what a credit card should be used for as he expressed confusion as to why someone would use a credit card if they could afford to pay in full. Definitely a good article. I realize some people do use their cards for the rewards, and if you can afford to do that, good for you, but I don't think most Americans are in that situation lol btw using this site from my iPhone kinda sucks.

I'd be interested in hearing your opinion on this matter. Well this is only my opinion. Everyone has one, right? I think that in general credit cards should be used for large purchases when you don't have enough cash saved for it. For example, when I had my braces, my mom had to pay for them with her credit card and make payments bc she didn't have 6k saved up. Make a big purchase, and pay it off in a couple of payments. It just seems like people are having to resort to living on their credit cards. Like buying groceries and everyday needs bc they simply don't have the cash to purchase those needs outright. People are also living way beyond their means. Instant gratification is what we as humans seek! I'm extremely impatient myself, but I think credit should be used sparingly.

Capital One is just very difficult to get a credit limit increase in general. Once they draw you in with the initial 500 dollar limit card, you're stuck for life! Or so it seems.

I definitely know what you mean! Every credit card issuer is going to have customers who are very pleased and some who are rather upset. It seems it's just the luck of the draw these days! However, from what I've read, American Express prefers that you pay your balance in full every month. If you can afford to pay off a balance of, let's say 10k a month, why bother using a credit card in the first place? It's not the card or company for me, and I realize that. I think a lot of people have lost the general idea of what a credit card should be used for, but that's just my personal opinion.

I've heard so many horrible stories about American Express. Crossed them off my list! Bank of America, same thing. Does anyone know if chase gives decent credit limits?

I'm looking into applying for a chase slate card and not certain if it's a good or bad idea. All thoughts welcome

I am only 22. My longest account is almost 4 years old, I am still denied credit by companies for limited credit history. Anything less then 7 years is considered fairly new.

I used it a couple of times. Maxed it out , then paid in full. Finally, I just got tired of having a 500 dollar limit and stopped using it permanently. I had my mom add me to her discover card two months ago and had been using it a lot. I noticed capital one reviewed my reports, and probably thought I had taken my business elsewhere, which I had, so they increased my limit, but I'm not positive if that was the reason. My mom's discover card was opened in 1987, the year I was born haha, and has a 15000 dollar limit. Adding me as an authorized user made my credit score go up a lot.

i got my first credit card from capital one when i was 18 in April of 2006. last week i tried to raise my credit limit on the phone, and i got the recording saying they were not able to do a credit limit increase at this time. i had been stuck at a 500 dollar credit limit for almost 4 years! today i get on my account online, and my credit limit is now 5000! patience really is a virtue! =]