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Originally Posted by AliceNWondrland
Capital One is a morally bankrupt company. They actively market to low-income families, and their interest rates are not competitive with higher-end credit card companies. Most people who own a Capital One card have it because it's their only option.
Besides the fact that they purposely target poor people, they also are notorious for early brand recognition antics such as sponsoring the Barbie cash register toy. If you look really closely, you'll see that Barbie is swiping a Capital One card when she makes her little Barbie purchases. That's just wrong somehow.
Also, I would highly recommend NOT GETTING A CREDIT CARD...EVER. Unless you're extremely disciplined and you're certain that you can pay the balance off in full every month. You can do anything with a debit card that has a Visa or MasterCard logo on it that you can do with an actual credit card.
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This is really interesting because it really makes sense. When I was in college, i got my own place, and of course my mailbox was flooded with credit card applications. I filled out one for every different major credit card bureau (Visa, Mastercard, AmEx, Discover), and the only one that accepted me was Capital One. I made all my payments on time, I pushed my credit limit pretty hard, and being on time all the time, I never had an extra fee to pay. When my credit card expired, they never reissued it. That boggled my mind why they would reject an applicant who is so responsible about paying bills, but it would make sense if they were just aiming so hard on the numbskulls that can't handle the fact that it is very easy to max out an $8000 credit limit. Credit card debt can be some scary stuff early in life.
There's nowhere I can't reach.
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