The downsides of having a Capital One credit card are high regular APRs and low credit limits, according to the most common Capital One credit card customer complaints. Negative reviews about Capital One also often point to the fact that Capital One will often pull your credit report from all three of the major credit bureaus. Most other credit issuers pull from just one of them. But Capital One also issues cards to less creditworthy applicants than a lot of credit card companies, and the triple pull likely relates to their willingness to take on extra risk.
There are plenty of other positives to balance out the few reasons why a Capital One credit card could be bad, too. For example, Capital One’s rewards program is very well thought of, and no Capital One credit cards have foreign transaction fees. So, even though there are some downsides to Capital One cards, you certainly shouldn’t rule them out when considering which cards deserve a spot in your wallet. In fact, a Capital One credit card will be the best option for a lot of people.
This answer was first published on 03/16/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
