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Capital One Platinum Costco MASTERCARD Consumer Reviews

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Capital One Platinum Costco MASTERCARD
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CREDIT LIMIT IS SET LOW

by Mike K on Nov 14, 2021
3 out of 5 stars

The Card does offer Costco cashback, which is the only reason I applied for this Card. However, the Credit Limit is set ridiculously low. I had several previous Cards with Credit Limits set at $20,000. The credit limit was set at $2000. I have an EXCELLENT Credit score, and have had this Card for over a year, and have never defaulted or been late with a payment. I have inquired several times about having the Limit raised, only to be told by their Customer Service (which is horrible by the way), that I will be given a Credit increase "when I am eligible". I asked what the eligibility requirements were, and was told that was up to Capital One??? So, I have never received a reason why. It's unfortunate, as I easily exceed $2000 per month.

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