topic Re: I must resist! Tempted to try for Capital One Rewards.... in Credit Cards

I must resist! Tempted to try for Capital One Rewards....

PleioneG — Sun, 04 Nov 2012 06:48:30 GMT

Suddenly have itchy app fingers for Capital One Rewards card with the AF. We already have the Amazon and Walmart store cards, but a second revolving credit card is sounding ideal at the moment. I'm telling myself to wait a year and try for something else. I was just hoping to somehow have at least one more $500 revolving account to bump up our overall spending accounts.

My fear is that they'll decline us even though it's a fairly easy card to get and we already have one account with them in great standing ( always PIF ). What should I do? Should we just wait for 1-2 years like I said or is it worth a shot without being instantly denied even with recon? Will they decline us because of the new accounts? (Amazon, Walmart, auto loan). That's my fear. Getting that hard hit for nothing.

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 06:44:32 GMT

Do not app for crap1!

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 06:45:20 GMT

Who do you bank with?

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 06:46:22 GMT

I agree C1 is stingy with credit limits, but we're pretty comfortable with low limit cards. (: They can be crap but we're satisfied with them so far with the one card we do have.

We bank with Wells Fargo and PNC.

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 06:50:24 GMT

How old are you? A range is fine, sorry to be personal. Under 30, over 30?

Re: No. I must resist apping! Temptation.

Mike360 — Sun, 04 Nov 2012 06:51:57 GMT

Just stay away from CapOne. There's gotta be better options out there for you.

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 06:53:40 GMT

Does my age have anything to do with credit cards? My husband is 29. I'll be 30 in another month.

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 06:53:16 GMT

Maybe wells fargo or pnc could offer you one of their cards with a low limit. I would call them and ask. They both seem to offer very similar cards. You have a choice of points or cash back. If they offer limits as low as $500, you might be able to get approved.

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 06:57:53 GMT

PleioneG wrote:
Does my age have anything to do with credit cards? My husband is and I are both in our late 20's. I'll be 30 in another month.

Because sometimes college cards are more like young adult cards. So the bank doesn't really care if you are in college, they just want you to be the right age range. They can sometimes be easier to get approved for. https://www.wellsfargo.com/credit_cards/student/cashback/

Wells fargo might be a little more strict on this, but US Bank didn't seem to care when they gave me a college card.

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 06:55:37 GMT

I thought about that but I was under the impression that banks -- such as Wells Fargo or PNC -- might require a much higher credit score. We're not exactly stellar but sit in the fair range of things. I know another option might be to try for a credit union but I don't know where to begin with that. And no, I can't do NFCU since the only relatives in the military service are my cousins and the rest are retired.

Re: No. I must resist apping! Temptation.

distantarray — Sun, 04 Nov 2012 06:59:27 GMT

PleioneG wrote:
I thought about that but I was under the impression that banks -- such as Wells Fargo or PNC -- might require a much higher credit score. We're not exactly stellar but sit in the fair range of things. I know another option might be to try for a credit union but I don't know where to begin with that. And no, I can't do NFCU since the only relatives in the military service are my cousins and the rest are retired.

have one come to live with you ;) roommates can sponser eachother in if they're contributing to the household =)

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 06:59:31 GMT

PleioneG wrote:
I thought about that but I was under the impression that banks -- such as Wells Fargo or PNC -- might require a much higher credit score. We're not exactly stellar but sit in the fair range of things. I know another option might be to try for a credit union but I don't know where to begin with that. And no, I can't do NFCU since the only relatives in the military service are my cousins and the rest are retired.

Almost all banks have different tiers of credit products. You won't get a 10k limit with a 10% apr. But you may get a low limit high apr card that will build with you. It will have no af and you will be starting a better relationship with your bank. I would call them and talk to an underwriter.

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 07:02:57 GMT

distantarray wrote:
PleioneG wrote:
I thought about that but I was under the impression that banks -- such as Wells Fargo or PNC -- might require a much higher credit score. We're not exactly stellar but sit in the fair range of things. I know another option might be to try for a credit union but I don't know where to begin with that. And no, I can't do NFCU since the only relatives in the military service are my cousins and the rest are retired.
have one come to live with you ;) roommates can sponser eachother in if they're contributing to the household =)

I wish. :(

Dustink wrote:
PleioneG wrote:
I thought about that but I was under the impression that banks -- such as Wells Fargo or PNC -- might require a much higher credit score. We're not exactly stellar but sit in the fair range of things. I know another option might be to try for a credit union but I don't know where to begin with that. And no, I can't do NFCU since the only relatives in the military service are my cousins and the rest are retired.
Almost all banks have different tiers of credit products. You won't get a 10k limit with a 10% apr. But you may get a low limit high apr card that will build with you. It will have no af and you will be starting a better relationship with your bank. I would call them and talk to an underwriter.

I may consider that. We've been with PNC Bank for years so there is a good chance they might consider us. Couldn't hurt, I guess. I would just hate to be declined by my own bank when C1 would have approved us anyway.

Re: No. I must resist apping! Temptation.

Dustink — Sun, 04 Nov 2012 07:13:58 GMT

I may consider that. We've been with PNC Bank for years so there is a good chance they might consider us. Couldn't hurt, I guess. I would just hate to be declined by my own bank when C1 would have approved us anyway.

That is why it will be worth talking with an underwriter in the credit card department. Explain your situation such as your scores, history, and income. Say that crap1 will approve you, but you would rather get a card from your own bank. See what the minimum credit limit on the cards are, and decide whether you have a chance.

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 07:14:40 GMT

Dustink wrote:

Good advice. (:

Re: No. I must resist apping! Temptation.

distantarray — Sun, 04 Nov 2012 07:20:20 GMT

if one of your family members live close to you, chances are they don't have a home phone anymore lol, you could sign up for phone service under their address, change your address to their house (apply for paperless billing first) and get a ID made lol, apply for Navy few months later and move back legally on your ID a few months later =x jus sayin....

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 07:24:34 GMT

As much as I'd love to join them, I don't want to do anything that will potentially get me in trouble.

I really, really, really would love to be part of the NFCU family... Oh well.

Re: No. I must resist apping! Temptation.

distantarray — Sun, 04 Nov 2012 07:27:31 GMT

PleioneG wrote:
As much as I'd love to join them, I don't want to do anything that will potentially get me in trouble.

I really, really, really would love to be part of the NFCU family... Oh well.

one thing people have done was join the army reserves and get out of it before basic training =x sign up right after they got papers, no one seemed to get in trouble =x

Re: No. I must resist apping! Temptation.

PleioneG — Sun, 04 Nov 2012 07:33:28 GMT

distantarray wrote:
PleioneG wrote:
As much as I'd love to join them, I don't want to do anything that will potentially get me in trouble.

I really, really, really would love to be part of the NFCU family... Oh well.
one thing people have done was join the army reserves and get out of it before basic training =x sign up right after they got papers, no one seemed to get in trouble =x

Haha. Really? Just to sign up? I guess it must be that good!

I wonder if I qualify for the reserves. (;

Re: No. I must resist apping! Temptation.

distantarray — Sun, 04 Nov 2012 07:35:49 GMT

PleioneG wrote:
distantarray wrote:
PleioneG wrote:
As much as I'd love to join them, I don't want to do anything that will potentially get me in trouble.

I really, really, really would love to be part of the NFCU family... Oh well.
one thing people have done was join the army reserves and get out of it before basic training =x sign up right after they got papers, no one seemed to get in trouble =x
Haha. Really? Just to sign up? I guess it must be that good!

I wonder if I qualify for the reserves. (;

lol depends on your job army reserve is worth it just for TRICARE health insurance alone, 1 weekend a month is little price to pay for their insurance... plus 2 week basic training. I'm really thinking about it. Since my friend's daughter got bit by a rattle snake and had to be rushed to a hospital hour away, and 2 hours she would've been dead..... and gave her the anti venom, and next thing you know she got a $27,000 hospital bill.... and Tricare took care of it for $17 LOL