Capital One Platinum Costco MASTERCARD Consumer Reviews

Asked Costco to set up an auto-renewal for my Costco membership associated with my Mastercard when I renewed last year, this wasn't done so my Costco membership expired without my knowledge. No letter, email or calls were received either from Costco or Capital One regarding this issue. I only found out there was a problem when my card declined. Capital representative told me they had closed my account because I hadn't renewed my Costco membership and that my 650 dollars of cashback accrued was now non-collectable but advised that Costco could call and request the account be reopened. Went in and renewed my Costco membership and explained the situation. They called and asked for it to be reopened but there was no supervisor available to do so so I had to call back the next day. They then told me Costco had to fill out a form requesting the account be reopened detailing the reasons for missed membership renewal. Went in and Costco sent the form. Capital one denied the request even though it was from Costco whose membership I failed to renew. I've never missed a payment, my credit score is over 760, I paid my full balance owing every month. The fact that they can close the account with no notice and refuse to reopen it once I explained the situation and remedied the membership issue despite Costco's request is complete garbage. This is a terrible company with zero ethics and very poor customer service. Many of the reps are second language English speakers which make navigating phone conversation challenging and they can't help you once the issue is figured out. To boot Capital, one has been hacked and all their accounts information stolen. This is just a really bad issuer and we can all find better. Don't sign up, if you have any of their cards please switch.

I have a credit score of over 800 and rarely carry a balance on any off my cards. With this Costco Capital One card, I actually had a credit of almost $600, meaning they owed me money. When my card expired and didn't receive a replacement card, I waited almost an hour to talk to someone. I was told that my account was on hold but no one could tell me why. The person confirmed that I had a credit of almost $600 but had no idea why my account was on hold. She said she had corrected it and I would receive my new card in a few days. After more than a month, I called again and was told my card had been mailed and it should arrive in a week. I waited for over two weeks, still no card. I called again and was told that it must have got lost in the mail. I promptly cancelled my account and told them to mail me my $600. Let's see how long it takes for them to give me my $600 back. Costco should really read these reviews and find a better competent company to partner with.

I agree with the reviews that state Costco should be ashamed of entering into an agreement with Capital One. I have always hated Capital One. However, after continuous pressure every time I went to Costco to sign up for this card, I finally bit. Despite the fact that I have an outstanding credit score they provided me with an initial credit limit that was far below my monthly expenditures. I pay my entire CC balances off every month and my other 5 cards carry quadruple the limit. When I called to ask for an increase explaining that this limit would not suffice I was told that it could not be done as it was a new account. I was told to wait one year and call back. After one year and the card being fully paid off on time every month, I called back. They still refused to increase my limit. I became quite angry and told them to cancel my account. This was mid-2017 and I was told that if I cancelled my account I would lose my refund amount which was sitting at approximately $500.00. I then decided that I would keep it until I received and cashed my refund cheque. This account has now been closed and RBC Westjet has my loyalty. Stay away from Capital One at all costs. It's not worth the hassle. I have also reduced my Costco shopping. I will spend my money at locations that don't make such stupid decisions.

I am so disappointed with the Costco Capital One credit card. They claim to send me my cashback money but I didn’t receive it and they refused to reimburse me because they said it was EXPIRED. This is the biggest scam I have ever seen from a huge company like them and I will NEVER again use their card or do business with anything that carried their name.

I was not an executive Costco member so I just signed up for a Capital One Costco card to get the cashback on the Capital One Mastercard. 1.5 years down the line I cancelled my Costco membership and hence had to close CapitalOne Mastercard and I was read a disclosure that says that I have to give up all my cashback reward money and close the account. Meaning all that cashback I earned overtime was for nothing! I got zero money through 1.5 years of accumulated cashback. I feel cheated. Pls, be aware of this.

They forfeit my cashback rewards accumulated almost a year cause I decided to not renew my Costco membership that expired near the end of the year. It will not be forfeited only if it expired after their January voucher issue date. This policy is unfair as there is no point using their card for purchases if Costco membership will expire before they issue the cashback and I decide to not renew anymore. I could be better off with other cashback credit cards than this. Disappointed with this policy and customer service.

Limit on this card is typically low and getting a limit increase is difficult. They charge $29 over-limit fees and will not provide an option for just declining over-limit charges. Waiting almost 3 weeks for my Costco Mastercard cashback cheque so far, which they no longer send out with statements. They selectively issue these rebates digitally now, but didn't/wouldn't for me, even though I asked after two hours with customer service was given three wildly different days about when my cheque mailed out. The only options for support are chat and phone (mostly overseas call centers) - no email option! Spend well over $100K per year on this card so my cashback is 4-figures, but probably not as much as it would be if I used a different card. It might be time to switch...

This is the worst credit card I have ever had. They freeze your card after a short time of an overdue payment. I was less than one week late on a payment because I was stuck in another country while travelling and couldn't access my online banking in a foreign country and they froze my card. When I called to cancel my card, they forfeited all of my Costco cashback rewards.

I got my card blocked 3 times within a couple months for supposedly fraudulent transactions. Every time I had to call wait for the agent, answer all the security questions + transactions one by one for the last 7 days, then got transferred to the security centre and restart the process again security questions, transactions one by one for the last 7 days, then got my card unblocked. The best waiting time was 50 mins, the worst was over 2h 30 minutes and I was at the cashier of Costco. I did an official complaint at Costco customer service about Capital One the same day. I can tell you Costco cares. This problem seems to be resolved as I receive now an email asking if I recognize the possibly fraudulent transactions and I can respond by email without anything else to do. Like many other reviewers, I also got refused for a higher credit limit despite I always pay the whole amount of my statement account every month in time. I'm using this card primarily for daily expenses because of the great cashback also for the no annual fee. I have other credit cards with much higher limit as a back up.

1. Regularly blocking transactions because of 'fraud'. As a result, missed out on some limited Black Friday deals. They do this regularly on me. One would think they would learn my spending habits, but they don't. 2. Won't let me increase my limit. 'Our computers have determined you don't qualify for an increase in limit... please try again a year from now'. Hello, whatever happened to doing a credit check? No, if their computer says no, they won't do that. The only reason I keep them is their link to Costco with the cashback. They do have one nice feature - the auto pay feature from my bank account each month.