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What I've Learned From Capital One Credit Cards

My very first credit card was a Capital One card. I got an offer in the mail, it was the pre-approved sort that gets sent out to college students everywhere. Capital one credit cards were certainly a familiar sight to me, and I knew that they were a reputable company, so I decided to go ahead and respond to one of the Capital One credit card offers that I kept getting in the mail. It was pretty exciting to me to have my very first credit card with my name on it. I had had a debit card for a few years by then, but there's something very different about a card that doesn't operate on the basis of immediately removing your money from the bank when you hand it over.

I was very responsible about my usage of the card, and I was pretty much always able to pay it off in full each time I got my bill. My credit slowly built up, but the limit on my card remained low. It had risen from $250 to $500, but that wasn't really high enough for the life that I lived. After all, sometimes the plane tickets I was buying were more expensive than that. So, I went down to my local bank and got a new credit card through them. I was delighted to discover that I was apparently approved for $4,500. It felt like such a huge amount of money to me, and I was struck by how much easier it would be to pay for my travel expenses.

I wasn't looking for balance transfer credit cards, but it certainly made sense for me to go ahead and transfer over my balance to the new card where I could pay it off with no interest. That no interest period of 6 months was just heavenly. I took several major trips in the first two months and was very grateful to have the extra time to pay off the expenses. The next thing I knew I got a letter in the mail from my Capital One card. They had raised my limit to $3,000. Apparently, my credit score went up enough on the basis of my having a new card with a higher limit that I got better standing from the credit world all around.

It's not like I often find myself needing an extra $7,500, but I like knowing that in the case of an emergency, I have that much credit. And by emergency, I do not mean a Marc Jacob's outfit that I can't live without, I mean a real emergency, like an unexpected stay in the hospital or something. Still, in the short amount of time that I have been using credit cards, it has become very clear to me that it is possible to build credit up quite quickly just by using the cards without ever having to actually go into debt. I have never once had to see interest applied to any of my purchases because I've been able to pay off each bill as it came, yet clearly, my credit-world worth is increasing.

Article Source: http://www.noviceinvesting.com/Article

Written by Kacy Suther. Browse through Capital One credit cards, Capital One credit card offers, low interest credit card offers. Dozens of balance transfer credit cards available at CustomerCreditCards.com .