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Wow, a credit card product. A big of a departure for me; away from the cares of food and toilettries. But then again, how do I pay for all of my tasty snacks and fragrant soaps? Plastic.
The age old way to avoid actually handing over cold hard cash. Not that I ever have any of that anyway! But I have had my share of cards over the years. The student Mastercard that to this day won't raise my limit above 500 quid, my bank's Visa that likes to pay my bill using money I would have actually liked to hang onto, and finally, the card in shining armour -literally-, the Capital One Platinum card.
Now usually I am the first to roll my eyes at junk mail, open it just because I like getting mail, and then put on the pile of junk that I keep meaning to throw out/look at again, but never do. But, when I am pre-approved for a great limit, don't have to pay interest until August when I sign up in April and get free insurance; how can I not look again!
So, off I went, filling out the application. Divuldging every little detail about myself from my salary to my bills to my preference about toilet cleaning brands (well maybe not that far but you get the picture).
Now I don't know much about interest rates, I just figure they go along with owning a credit card, but apparently 18.9% on cash advance is decent and the .05% a day on purchases is quite good as well. To tell the truth, I am actually quite good about paying off my bills so it doesn't come into play with me, but for those who have weaknesses, get this card!!
Besides everything else, it is silver with flashy holograms that say 'Platinum'. It just screams "hey boys, I have lots of cash, pay attention to me" (or vice versa with the men).
Now, a week after my application, I got a letter telling me that my application was under consideration. That would lead me to believe that I hadn't been pre-approved in the first place; however, if they were at least considering me, things couldn't be as bad as the hundreds of other rejections I have recieved.
Two weeks from mailing in date, I got the card in the post. Brand spanking new just screaming to be swiped as soon as possible!
My first purchase with 'my platinum card'? A three pack of trainer socks and a Cadbury Cream egg from Marks and Sparks.
Bottom line. This card is easy to get, has a generous minimum credit limit, great sign-up offers and it looks great in an otherwise skint purse! Happy spending!
Their credit limits aren't as generous as some on the market and they have just stitched me up with rolling interest on a £0 balance - but they persuaded me to stay rather than with MBNA Platinum who have higher credit limits, lower repayments but a higher APR.
dreamerz 09.07.2002 17:43
Hehe an amusing credit card opinion...will wonders never cease?
Not sure about the prevetting, surely any credit card firm wouldn't pre-acceot you without a credit search and I sincerely hope they aren't doing these on a whim from mailing lists (each search damages your credit rating). Souns like an attractive marketing ploy to me...but hey it obviously works.
Oh can I have a creme egg too? :)
MRANDREWSJK 08.07.2002 15:30
The stupid thing about credit card companies is the credit scoring system, my fiance doesn't work and can get one, I've got a very solid job and can't, system is mad !!