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Thoughts on whether/when I might land a QuickSilver?

Frequent Contributor

Thoughts on whether/when I might land a QuickSilver?

So ... applied successfully for 4 cards in December '17 -- the first time I'd applied for CCs in 7 years (BarRing, BCE, CSP, Dit).

 

Applied unsuccessfully for the Cap One QS the first week of January.  Denied -- too many recent INQs / new accounts.  Fair enough.

 

The 2 mortgage pulls in each bureau will be >1 year in August (and the EQ Auto pull will be gone by then).

 

Assuming that I keep my scores (in my sig) where they're at (or higher), my aggregate util below 8.9%, and all but one or two accounts reporting zero, any thoughts as to whether/when Cap One might let me in the door?

2019 Goal: 800+ (the 30-day late drops in Q1 2019)
2018 Goals: garden, 750+, garden, put away 3 months' savings, garden, CO Savor/QS, garden


Experian is the canary in my coal mine.

EQ7486 INQ (3 CC, 2 mort, 1 auto)
EX7177 INQ (3 CC, 2 HELoan, 2 mort)
TU8005 INQ (3 CC, 2 mort)
4/24 < 8% AAoA 94-100m | AoYA 2m | AoOA 18y
Take the myFICO Fitness Challenge
Gardening 'til at least August 2018. Well, anyway, that's the plan ...
Message 1 of 9
8 REPLIES
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Regular Contributor

Re: Thoughts on whether/when I might land a QuickSilver?

Ok. With those scores you should: A.) Have no trouble getting approved for a QS, not sure why they keep denying you. But B.) There are better cards out there. Any reason you're set on the Quicksilver?

Total Available Credit: $135,250   ||Feb 2018||EQ08-705||EX08-728||TU08-741||


Message 2 of 9
Frequent Contributor

Re: Thoughts on whether/when I might land a QuickSilver?

Thanks.

 

The reason for denial was not my scores or income but, based on my EX report, too many recent inquiries.

(2 CC's in Dec, 1 HELoan in Nov, the same HELoan in Sep (while the friendly bank ultimately extended the loan, it took too long to underwrite), and 2 mort INQs in July)

 

I'm keen on the QS because it is a cashback card with no foreign transaction fee and no annual fee. 

(And I've no Cap One card in my collection, and the Cap One arena is a few blocks from work. Smiley Wink)

 

So, I'm wondering what Cap One considers 'recent' -- 3 months?  6 months?  A year?  Longer?

2019 Goal: 800+ (the 30-day late drops in Q1 2019)
2018 Goals: garden, 750+, garden, put away 3 months' savings, garden, CO Savor/QS, garden


Experian is the canary in my coal mine.

EQ7486 INQ (3 CC, 2 mort, 1 auto)
EX7177 INQ (3 CC, 2 HELoan, 2 mort)
TU8005 INQ (3 CC, 2 mort)
4/24 < 8% AAoA 94-100m | AoYA 2m | AoOA 18y
Take the myFICO Fitness Challenge
Gardening 'til at least August 2018. Well, anyway, that's the plan ...
Message 3 of 9
Valued Contributor

Re: Thoughts on whether/when I might land a QuickSilver?


@Method2Madnesswrote:

Ok. With those scores you should: A.) Have no trouble getting approved for a QS, not sure why they keep denying you. But B.) There are better cards out there. Any reason you're set on the Quicksilver?


Curious to this as well. The cards in your sig are better than the QS you're wanting so trying to figure out the motivation for getting this card.

 

Edit: slow on my part lol just read your reason above.

FICO 08 Scores (Jan-18): TU 791, EQ 784, EX 785

Message 4 of 9
Regular Contributor

Re: Thoughts on whether/when I might land a QuickSilver?


@expatCanuckwrote:

Thanks.

 

The reason for denial was not my scores or income but, based on my EX report, too many recent inquiries.

I'm keen on the QS because it is a cashback card with no foreign transaction fee and no annual fee. 

(And I've no Cap One card in my collection, and Cap One arena is a few blocks from work. Smiley Wink)

 

So, I'm wondering what Cap One considers 'recent' -- 3 months?  6 months?  A year?  Longer?


 

Gotcha. Smiley Happy

 

And recent with Capone is usually 6 months.

Total Available Credit: $135,250   ||Feb 2018||EQ08-705||EX08-728||TU08-741||


Message 5 of 9
Frequent Contributor

Re: Thoughts on whether/when I might land a QuickSilver?

Thanks again.  So June or July.

2019 Goal: 800+ (the 30-day late drops in Q1 2019)
2018 Goals: garden, 750+, garden, put away 3 months' savings, garden, CO Savor/QS, garden


Experian is the canary in my coal mine.

EQ7486 INQ (3 CC, 2 mort, 1 auto)
EX7177 INQ (3 CC, 2 HELoan, 2 mort)
TU8005 INQ (3 CC, 2 mort)
4/24 < 8% AAoA 94-100m | AoYA 2m | AoOA 18y
Take the myFICO Fitness Challenge
Gardening 'til at least August 2018. Well, anyway, that's the plan ...
Message 6 of 9
Regular Contributor

Re: Thoughts on whether/when I might land a QuickSilver?


@expatCanuckwrote:

Thanks again.  So June or July.


No problem.

Total Available Credit: $135,250   ||Feb 2018||EQ08-705||EX08-728||TU08-741||


Message 7 of 9
Regular Contributor

Re: Thoughts on whether/when I might land a QuickSilver?

Yeah a lot of the better cap1 cards are sensitive to inqs and new accts within the last 6 months. I've actually never been approved for a quicksilver either.... LOL. Had to product change my Cap1 Platinum to a QS after 6 months (the consequences of being an app spree-aholic) and since I can't get a decent CLI on the QS I had to get ANOTHER platinum just to re allocate that limit to the original QS in a while. But anyway that's a workaround for ya. Cap1 rep said over the phone my new Plat has to be 1 month old before I can merge it to the QS but based on what I've researched maybe he just made up that fact on the spot LOL. I've heard both accts need to be 6 months old first, but we'll see.

{Cap1 Quicksilver: $850} {Discover It: $2.2k} {Amex BCE: 20k} {Wells Fargo Cash Wise: $6k} {Sam's Club Credit: $967} {Barclaycard Ring: $750} {Chase Slate: $14.2k} {Wal-Mart MC: $7.9k} {Chase Amazon: $1.3k} {Target RedCard: $800} {AU on BofA card: $15k} {Sams MC $2.4k} {US Bank Cash+ $7.2k} {BofA Business Cash Rewards $5.5k} {Citi DC $8.1k} {Uber Visa $3.6k} {USAA Cash Preferred $2k} {NFCU somethin card $3.9k} {Alliant CU somethin card $7,500} {Lowe's MC $3.0k}
Message 8 of 9
Valued Member

Re: Thoughts on whether/when I might land a QuickSilver?


Allow some of the inquiries to age and then apply again. 6 months should be good. Based on your scores, Capital One might even reconsider. Have you ever called after being denied?
Message 9 of 9