Capital One Aspire TRAVEL World MC -35,000 Mile welcome bonus worth $350!

[S5]

Yes I have the Travel World MC. They initially gave me a limit of 10k. I called to ask them to decrease my limit, but each time CSRs refused. I posted about the experience in this thread and Laurel contacted me and resolved the issue right away. I was promptly called by a customer service supervisor and he instantly decreased my limit down to my liking.

WADR what does your very specific case by case situation have to to with the poster I was responding to who was complaining that his limit sucked on this card? Surely he didn't complain his limit was too high, call in multiple times in vain then have a forum member intervene to have his limit lowered, only to turn around and complain about having a limit that sucks.

Give your head a shake.

[ShadoWolf]

I just wanted to note I've been have problems getting travel agents to split my airline ticket. Most hadn't even heard of the concept.

[AMCyyz]

I have the same question. Anyone was able to get them to waive the annual fee?

Hi @slaman and @513263337 – It’s Andrew from Capital One. Thanks for your posts. As Aspire Travel cardholders, you will receive 10,000 bonus reward miles on your anniversary date, which covers most of the renewal fee.

[CanadianinCanada]

I just wanted to note I've been have problems getting travel agents to split my airline ticket. Most hadn't even heard of the concept.

I can refer you to my travel agent. Send me a PM.

[andd64]

Question regarding interest charges and statement due dates:

Let's take this scenario. There is currently no balance on my CC, and my billing cycle ends on the 2nd of each month. Let's say today (the 31st) I make a purchase of $1000. Does that mean for me to not get charged interest, I must pay off the $1000 by the 2nd? And what if I pay it off say on the 7th (5 days into my new billing cycle) - how will the interest be charged? Also let's assume there are no other purchases made between the time I charge the $1000 to the time I pay it off.


Thanks

[User Name]

Your payment isn't due on your statement date. You have at least 20 days between the statement date and the payment due date. This is to give time for the statement to be mailed to you and for you to mail back a payment (or pay it online etc). This is what they mean when they say you have a minimum 20 (or whatever) interest free days. If you make a purchase on the last day of your billing cycle you still get those 20 days to pay it off. If you don't pay it in full then you'll see interest charges on the next bill.

Question regarding interest charges and statement due dates:

Let's take this scenario. There is currently no balance on my CC, and my billing cycle ends on the 2nd of each month. Let's say today (the 31st) I make a purchase of $1000. Does that mean for me to not get charged interest, I must pay off the $1000 by the 2nd? And what if I pay it off say on the 7th (5 days into my new billing cycle) - how will the interest be charged? Also let's assume there are no other purchases made between the time I charge the $1000 to the time I pay it off.


Thanks

[andd64]

Are you sure of this? From http://www.capitalone.ca/credit-basi..._01_T_CR101UCR it says

You get a 25-day interest-free grace period when you pay your balance in full each month – giving you the extra time you need to pay back purchases

You get it when you pay your balance in full each month. Won't this mean the balance won't be paid in full by the end of the cycle?

Your payment isn't due on your statement date. You have at least 20 days between the statement date and the payment due date. This is to give time for the statement to be mailed to you and for you to mail back a payment (or pay it online etc). This is what they mean when they say you have a minimum 20 (or whatever) interest free days. If you make a purchase on the last day of your billing cycle you still get those 20 days to pay it off. If you don't pay it in full then you'll see interest charges on the next bill.

[WHO]

I really do not understand why they cannot provide appropriate credit limit to someone’s income level.

I have only 10K limit. I do travel a lot due to my job and I always have to use another card to cover my expenses. Therefore, Capital One is losing business to some other bank.

This policy of not increasing credit limit does not make any sense.

There are other cards, which offer 2% return and much better customer service. I am seriously thinking about whether to stay with the Capital One or go with something else when my renewal is up.

Not ideal, perhaps, but absolutely nothing prevents you from making payments during the month, to clear up space.

[crimsona]

Are you sure of this?
You get it when you pay your balance in full each month. Won't this mean the balance won't be paid in full by the end of the cycle?

That's how EVERY credit card works, do you have one to check against? If statement day is the 1st, you have until the 26th to pay it in full. If you do, all purchases continue to stay interest free

"How can I avoid Interest Charges?
(a) Grace Period. You will have a grace period without interest charges on new
purchases and new other charges (other than cash advance and special transfer
fees) if you pay your total "New Balance" in full in time for it to be credited by
the date shown by the heading, "Due Date.""

Due date = statement end date + 25 days

In the days before Internet, how else would a person know how much they owe without a paper statement and given 30 days to pay? It cannot possibly work the way you think it does

[CanadianinCanada]

Not ideal, perhaps, but absolutely nothing prevents you from making payments during the month, to clear up space.

You are right but don’t you think instead of making their customer life difficult (following all the payments making sure to have enough room before a purchase), they should be providing appropriate credit limit based upon credit history and score.

[User Name]

It's not just your score that determines your limit. Maybe you have too much unsecured credit or have balances on other accounts. It might help to clean up some issues and try for a credit increase again. Cap1 is not adverse to giving out credit as many posters complained about getting too much credit.

To the other post about paying off the balance to avoid interest. You're getting confused with the real time balance on your account and the balance "snapshot" at the time the statement is issued. When they say pay off the balance in full they are talking about the balance on the statement and not what you might actually owe in total on your account after the statement was issued.

You are right but don’t you think instead of making their customer life difficult (following all the payments making sure to have enough room before a purchase), they should be providing appropriate credit limit based upon credit history and score.

[CanadianinCanada]

It's not just your score that determines your limit. Maybe you have too much unsecured credit or have balances on other accounts. It might help to clean up some issues and try for a credit increase again. Cap1 is not adverse to giving out credit as many posters complained about getting too much credit.

I don’t have too much unsecured credit and also I carry no balance on my credit card. Every card is paid in full. My total utilization ratio is also pretty low. My credit score is also not bad.
I have firsthand experience with them. I called CapitalOne and their agent told me that they don’t have any procedure for credit increases. Their automated system picks up the clients automatically. She later told me that they rarely see credit increases.

[Cas77]

Anyone ever been refused because of credit check but resolved it with TransUnion to automatically pass through the application as a 1-time request? Someone I know has been refused and it would likely be cleared up by talking to CapitalOne directly but they want the free $35 cashback through 'gcrebates.ca'.

This person's house has been paid for for over 20 years. They have multiple investment properties all mortgage free. Their annual income is well over 200K/yr. They don't owe a bloody penny to anyone...but were refused with a message that TransUnion can't verify their identity (they don't have any credit). If they contact TransUnion could they plead their case (send them T4's or show proof of net worth)? Not sure how credit check companies work..my credit score is perfect so it's never been an issue with me persoanlly and I've never dealt with them. There is allot of truth to the saying: "no credit is as bad as bad credit" I guess.

They just want the perks of this card and the $35 from 'gcrebates.ca'. All the credit cards they currently have were given to them by various banks they deal with just for being a good customer and investing large sums of money though them. It was all done off the record type thing so there's no trace of credit checks for these cards.

Was there not a CapitalOne rep on here? Could they explain how to get around this issue?

[513263337]

I think I just have to give this card another applause for the "extended warranty" section of its benefits.

I just bought some electronic accessory from Amazon USA (for which the seller obviously doesn't provide warranty), so I looked up the extended warranty section of the certificate of insurance, it looks like this card has at least the following advantages:

1) Purchase doesn't have to be made in Canada. US purchase is fine as long as the product has warranty by the Canadian division of the manufacturer;

2) Electronic items are not excluded, unlike most other credit cards;

3) It extends up to 2 years, unlike the 1 year from most other credit cards.

Happy...

[techcrium]

Has anyone actually used its travel insurance benefits? How does it work?