Capital One Classic Card

implicit

Hi all,

Im on the journey of rebuilding very carefully my credit record, which is very Low (scores about 390) with a CCJ which has been on the record for 5 years, think it drops off in a year, and II did pay it off.

I applied for this card, and just received a letter than I have been accepted.

I hate the idea of credit, after everything I went through years ago, but I now need to build up my status, especially to help run my business and I plan on moving house a a couple of years time.

What sort of Credit do you think they will give me, I ony plan to use the card to purchase and to pay off end of each month, so that I can get a good report on file

Any ideas?

Thanks

Chris

ehlo

Welcome to MSE.
I've seen between £250 and £500 from people here in similar situations.

Just make sure your setup a direct debit to prevent any new credit report damage. Good luck!

DizzleUK

Your starting limit will most likely be either £100 or £200.

tigerlily44

DizzleUK wrote: »

Your starting limit will most likely be either £100 or £200.

Depending on how bad your credit rating is and how far in the past it is. If its in the dim and distant and about to fall off they may be a bit more generous - wait and see!

tiger

implicit

Thanks guys, dont want too much credit, just a little to use and pay off, and to rebuild my credit score...

Will let you know what they give me!