@Anonymouswrote:I’m rebuilding and I have a Capital One Secured. It’s past my 6 month mark and I’ve received my auto CLI and I’ve never been late on a payment. In fact I use it and pay it several times a month. Anyway, I app’ed for the QS1 and got denied and thought that strange but okay opted for the 2nd hard inquiry...I know already, and shot for the platinum unsecured with confidence. I got shot down and it hurt. The letter states that on my Equifax, I have too many inquiries. No surprise there. I don’t even recall how many, but there are a lot. Some I am trying to get removed because that all shouldn’t be there but my question is can I contact them for reconsideration of this since its not a performance or lack of performance issue?
I may be wrong here.... but I'll tell you about my experience. I applied for the credit steps and had 2 auto CLIs ... the card stands at $5k CL. I had a 2nd card approval and requested for a product change about 1 year in and was denied. Within 2 years I was granted a PC to QS. After 4 years I was approved for the QS signature. On the 1st QS card I actually emailed the CO for a CLI and was granted a whopping $250 increase.
CP1 can be very finiky. They have waved the AF on my QS card but won't permanently remove it. Not worth the 1.5% CB. 2 of the cards have aprs over 22% which goes up everytime the feds raise the prime rate. Not so with my other bank CCs. I have been getting a lot of special offers for 0% apr for limited time on all 3... some for 12 months with a 3% transfer fees others with 18 months with a 1% transfer fee.
IMHO the next time you think about apping with CP1, I'd try their prequalify site. My experience and from what others have posted on this forum, the site is extremely accurate and no HP until you actually apply. 