Capital One Credit Cards for People with Average Credit Rating

Yes, because of the high credit utilization ratio your credit score drops and it cuts you off from lower interest balance transfer credit cards. The best thing in your situation would be to reduce your debt ratio in the first place and only then shop for a low APR balance transfer card.

For this, stop using your credit cards for a while and continue making monthly payments on time. This should bring your debt to credit ratio down. Once this is done, you get access to a great diversity of credit cards with favorable APRs on balance transfers.

Do not hurry though. It is very important that you choose a credit card right for your current credit rating. Thus, you'll need to check your credit report before making application decision.

If your credit history is excellent or good, More Card-Clear from Discover would be your best variant. In case you have an average credit rating, we can offer you two options - Standard Platinum and Platinum cards from Capital One Bank. As these cards are for average credit rating, their balance transfer APRs may not be as enticing as with excellent credit cards, but they still are a good option to reduce high interest balances on your current cards.

Your approval for any of these credit cards will also depend on their credit limits. If the limit of on a new credit card is smaller than on any of your current cards, you won't be approved. So, as the credit limit is the reflection of your credit rating, make sure your payment records are in good standing before you apply.

Your credit rating has the numerical expression defined as credit scores. A credit score of 0 stands for no credit history, whereas the score of 350-619 means that your credit is bad. You can learn your credit score at one or all the national credit bureaus, contacting them by phone or in writing.

Depending on your credit scores, you may choose one of the credit cards we suggested. If your scores are under 350 and there are no defaults or late payment records in your credit report, it means you may be building credit history.

In this case, you can check Capital One Standard Platinum credit card which is designed for applicants who have just established their credit and have not spoilt it by bad payments yet.

If you are a college student with no credit history, have a look at Citi® mtvUTM Platinum Select® Visa® Card for College Students which offers favorable rates and fees and helps build credit in an easy, enjoyable way.

In case your credit history is bad (350-619 points of credit scores) and it has been damaged by credit card misuse, which is reflected in your credit report, consider getting Centennial Gold MasterCard®/Visa from First PREMIER Bank.

This credit card is for people repairing their credit and, if used wisely, is a great tool to boost one's credit scores. Mind it, however, that the approval for this credit card will depend on the extent of your credit history damage.

So, find out your credit score and apply for the credit card which is right for your current credit rating.

Generally, a spending limit on a card is based on the factors like your reported annual income, your payment history and your account duration. If you plan to obtain a card with a high limit and charge $100,000 right at once, the chances are this transaction will not be approved. You may consider credit cards with no pre-set limit like Preferred Rewards Gold and One from American Express. The great point about these cards is that they have no pre-set limit, however before making some big purchases, contact the issuer and ask whether you'll be approved to charge this or that sum on your card. You may also consider Capital One Platinum Prestige Card that offers a high spending limit to credit applicants. Check through the offers and apply for the card that suits you most!

It's rather difficult to give a straight answer as you have provided too little information. First and foremost, it depends on your credit score. Probably, you have applied for a credit card that doesn't suit your credit, and that was the reason of your failure. Obviously, you've got average or limited credit history if you have been rejected to get an unsecured card. But in fact there is a number of unsecured credit cards specially designed for those with average or limited credit, like Standard Platinum Card by Capital One. This card offers really great terms for those who continue building credit history: 0% Intro APR on purchases, no annual fee, and more. You can also review Capital One Platinum Card that comes with a low ongoing APR and the interest-free period. In case you've got a spoiled credit history, you may consider Orchard Bank Classic MasterCard. This card is issued for customers with bad/no credit so the chances are you'll be approved for the card. Anyway, before applying for a card, you'd better check your credit score and choose the card in accordance with your credit rating.

Your credit score number indicates that you have a poor, or bad, credit history. Thus, you will only be able to qualify for specific card offers that are designed for your particular situation.

Assuming that you are on the way of building credit and your low score is just the result of insufficient payment history, you may be able to choose from some of the best no credit cards. We advise you to review Capital One Standard Platinum and No Hassle CashSM Rewards credit cards meant for people who are just beginning their credit file and are looking for a card as a new and better stage in the credit building process.

When assessing your application, the bank inspects lots of other factors besides your credit score, such as your other payment records (cell phone, utility bills, car loan and others), your income and job. You are required to have no defaults or late payments in your credit file to qualify for Capital One credit cards.

If your low credit score stems from bad credit practices (late or missed payments, credit limit exceeding, bad credit utilization ratio), we would recommend you to consider Centennial Gold MasterCard®/Visa from First PREMIER Bank which works with bad credit customers.

Again, however, your application will or will not be approved depending on various factors in your credit report - your biggest debts, how you repaid them, how many cards you've had and how many defaults you've made.

Based on all these things, the approval status will be sent to you. So, whichever card you apply for, make sure that you meet the requirements of the issuer.

$50,000 is a very big credit limit so you need to have excellent credit to ask for it. If you are not sure if you qualify for best credit cards you can check your credit score at our Credit History Center at http://www.credit-land.com/.

Your first option is charge cards with no pre-set spending limit such as:

Preferred Rewards Gold Card by American Express. With this card you can earn points to redeem for rewards. The card is fee-free during the first year.

Preferred Rewards Green Card by American Express. This card is similar to Preferred Rewards Gold Card. Its special feature is that it allows you to transfer points to 17 frequent flyer programs.

Keep in mind that these are charge cards. That means that you will have to pay the charges in full within a month. There is a so-called Extended Payment Option which allows the cardholder to pay for certain over time but you need to call American Express and discuss this issue.

You can also apply for a high limit credit cards such as Platinum Prestige by Capital One®. This card is also for excellent credit only. Your credit line will be set according to your income and payment history.

There can be different reasons for denials you receive from banks. And you should be reasonable enough to make your credit card applications in the right way.

A bank may send you a refusal if you applied for a credit card you are not eligible for. You either have insufficient credit score or negative records like bankruptcy in your credit report. If you have received a number of denials, you must find out the reason for it. Check out your credit reports from the major credit bureaus and if you have negative records as a result of a mistake or identity theft, correct them as soon as possible.

When your credit history is OK and you know your credit score for sure, you can start comparing credit card offers for your credit score. Though you haven't mentioned your credit rating, I suppose you have limited credit history and get denials due to this. However, it is difficult to provide advice without knowing your credit history and other circumstances.

People with a number of negative items in their credit reports often get secured credit cards which give guaranteed approval. Though, one should know a secured credit card requires installing a security deposit, after which the bank issues a credit limit which equals to the deposit. One of credit card of this type is Black Diamond Visa by Millennium bank. This card has the same interest rate on purchases and cash advances and includes extended warranties. You can also consider No Hassle Cash credit card from Capital One. This bank issues plastics for bad credit history, however, it is particular about choosing its customers. Another option for a consumer with bad credit is Centennial Visa/MasterCard by First PREMIER bank. This plastic provides low APR on purchases, quick response from the bank and 24/7 account access.

Good Luck!

Thank you for the question. Right now you need a credit card for consumers with bad credit. By making your payments on time and not exceeding your credit you can improve your credit. Here are the cards recommended by our experts for consumers with low credit score:

First PREMIER Bank. Centennial Gold MasterCard®/Visa. This is an instant approval card for consumers with bad credit. All applications are accepted. The bank will report your payment activity to all four major credit bureaus so you will have an opportunity to raise your credit score.

First PREMIER Bank. Gold MasterCard®/Visa. This card also has instant approval. With low APR on purchases it will be easier for you to make your monthly payments. This card gives you Gold Card Prestige.

Millennium Bank. Black Diamond Visa®. Unlike the cards mentioned above this card is secured. You need to make a bank deposit to secure your credit account. The greatest advantage of this card is that it is approved regardless of credit history and reports to all credit bureaus. Credit limit might be up to $10,000.

In truth, it's hard to say what spending limit will have a card you are going to apply for. Most card issuers indicate the approximate credit limit or the range within which your limit may be set. All in all, a spending limit depends on certain factors like your income, payment history, and others. However, it looks like your goal is to transfer a balance on favorable terms, and fortunately enough most balance transfer cards are designed for good or excellent history and it means you can expect to get a high credit limit. Generally, you may request a balance transfer in any amount up to a credit line on your new card. So, it depends on how much you are going to transfer. If you are in search of the best balance transfer card with a high limit, you may consider More Card and More Card - Clear both by Discover. They come with no annual fee, 0% Intro APR, and what's more importantly they offer a high spending limit - up to $15,000. With Chase Platinum Visa, you will have a decent interest-free period on balance transfers as well as no annual fee, and low ongoing rates on purchases and balance transfers.