Great Card, Slow Growth
I was able to open this card with absolutely no credit history, no bill history, my credit score was “–” for the longest time. Got a $203 limit with a 50 dollar deposit. After a full year (almost to the day) of on-time payments and continuous use (along with opening a few more credit cards) my deposit was returned and my limit was expanded to 500. Now, almost 18 months in I still have the same 500 limit while I have been requesting an increase pretty much every month. Good news is that capital one doesn’t pull a hard inquiry to approve/decline the limit (unlike other institutions) another good thing is that this Card doesn’t have an annual fee (also unlike other institutions). All in all, this is my oldest card, I’ve set some bills to auto pay from here but I don’t use it as a go-to card because of the low limit (and no rewards). I do not plan on closing unless their terms change.