Capital One Important Data

[MauiMan85297]

Had my co-worker apply for QS card as all her scores are over 730 but she was recently approved 3 months ago for a 15k Venture, it showed her pre-approval at 18.34% and she proceeded to fill out the rest of app and was DENIED, long story short....... She calls in and after speaking to CSR was xfer to a supervisor and she says Cap1 has implemented a new policy as of June 1st that if you were approved for any card that it's a minimum 6 month time before they can approve another card, was told that the system picked that up and there was no HP for your application.

Hmmm, new policy!

[creditguy]

If this is true, and I don't doubt your friend was told this, I often doubt the CSR's and the supervisors when they speak because they are usually misinformed or wrong, but anyhow, if true, that's an interesting turn for Cap One to take. Seems as if they are tightening things up, could the good old days really be coming to an end? Time will tell. Good info, thanks for sharing.

[Anonymous]

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@gsully00 wrote:

Had my co-worker apply for QS card as all her scores are over 730 but she was recently approved 3 months ago for a 15k Venture, it showed her pre-approval at 18.34% and she proceeded to fill out the rest of app and was DENIED, long story short....... She calls in and after speaking to CSR was xfer to a supervisor and she says Cap1 has implemented a new policy as of June 1st that if you were approved for any card that it's a minimum 6 month time before they can approve another card, was told that the system oicked that up and there was no HP for your application.

Hmmm, new policy!

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Yeesh. Now it sounds as if they want to do 25 multi-bureau hard pulls on everyone just to get a couple of cards.

[Jerry45]

Wow! Thanks Sully, good to know that vluable info.

[Anonymous]

Any card from any credit company or any Capital One card?

Also, so this means when I go for the Venture this fall, I shouldn't bother for the QS Visa Signature at the same time like people have been doing?

[MauiMan85297]

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@Anonymous wrote:

Any card from any credit company or any Capital One card?

Also, so this means when I go for the Venture this fall, I shouldn't bother for the QS Visa Signature at the same time like people have been doing?

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Just a card from Capital One, this was discussed to my co-worker I sit next to.  A supervisor said that they have implemented a policy starting on June 1st that any card that you apply for will not get approved until a 6 month time window has elapsed from your last approved C1 card.

Whether this holds truth only time will tell if people chime in on their results.

[driftless]

If this is a new policy, while it may be unpopular on this forum, it makes some sense given that Cap One allows you to combine accounts now. One way to test this is for someone who just received a CC from Cap One to check the pre-qualified page.

[surferchris]

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@gsully00 wrote:

Had my co-worker apply for QS card as all her scores are over 730 but she was recently approved 3 months ago for a 15k Venture, it showed her pre-approval at 18.34% and she proceeded to fill out the rest of app and was DENIED, long story short....... She calls in and after speaking to CSR was xfer to a supervisor and she says Cap1 has implemented a new policy as of June 1st that if you were approved for any card that it's a minimum 6 month time before they can approve another card, was told that the system picked that up and there was no HP for your application.

Hmmm, new policy!

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Thanks for the info...

[Anonymous]

Wow.... that sucks. Def glad I applied for my three new accounts when I did...I was able to get three new Cap1 cards in three months. 

[MauiMan85297]

On mobile. Needing more than just her pre qual rejection to find out if this is really true. I'm glad I got my 4 all in 4 months and no way I'd know if I could get another because I'm gardening until Dec.