@Anonymous wrote:I got denied for Capital One Venture card
What was your stats?
(FICO Score, AAoA, Inquiries, Credit Utilization, any derogs)
@Aarvard wrote:Hi guys,
Would you mind sharing some stats for your Cap1 approval? I'm trying to consolidate the the data of the approvals to make one "last" ditch effort before... *well you know what I mean*
Please share the stats if you are comfortable to
Pre-qualified: Yes (Venture, Venture One, and QS)
FICO: EQ 704 TU 714 EX 713
Inq: EQ: 2 TU: 1 EX 3
AAoA: 13 years, 11 years, 14 years
Current highest credit line: $1,000 (but I am also reported on an AU account that is $12,000, not sure if that's making a difference)
CL upon approval: $10,000 (my jaw dropped and I silently mouthed an expletive.) 12.9% APR
Income: low $50ish
Util: 1-3%
Staggering amount of student loans
Baddies: Four lates on three SL TLs, late 2009-early 2010.
I wasn't going to apply except that I read a thread tonight about how the "Venture train" might be leaving soon. (Thanks to whoever started that thread.) I had just signed up for myFICO's 3B monitoring service today and was really happy -- I mean, really happy -- to see my FICO scores above 700.
And to be honest, I'm a little shocked that I got a $10K CL. I'm ALOT shocked, actually. I've been rebuilding for about a month. (Yes, one month.) My starting FICOs in late March 2015 were 630-650s. (starting CK scores were 680s, they are now 795/771, so my CK FAKOs are much higher than my FICOs). I actually had no idea what I was doing when I decided to rebuild. I messed up my credit when I was younger, then defaulted on a student loan, and missed some payments on CC. I had my head in the sand and kept it there for years. This year, I decided to grow up and finally got up the courage to download my free CRs in March. I disputed a bunch of TL in my CRs, and this week had student loan TL that had "Collection Account" notations and 14x lates (including 120-day lates) completely wiped by all three CRAs. I also had myself added to some beautifully seasoned AUs. I'm going to start goodwilling the remaining lates. I would not have known to do any of this were it not for members sharing their experiences and advice.
When I started the rebuild, I just assumed that my scores weren't good enough for unsecured cards. I initially only applied for secured cards (BoA with a $300 CL, and, ironically, the Cap1 secured with a $200 CL). I then applied for a Discover, thinking that I might get counter-offered the secured (having read about it on the boards), and was shocked that I was offered the unsecured with a $1,000 CL and the 22% APR.)
It's a month later and I'm getting this Cap1 Venture that's ten times that Discover amount, and a whopping 5,000% higher than the Cap1 secured! Did I do that math right? Now I'm wondering if I should apply for the QS or another unsecured card with another bank and get rid of the secured BoA so I can get my $300 deposit back. (Their customer service is terrible. The Discover people, though are a pleasure to deal with.) The BoA hasn't even reported yet. But I heard that it graduates, and I've already paid the AF. Should I cancel it?
I'm also wondering if I should apply for the Chase Freedom -- I've had Chase cards in the past, all had good standing and never missed a payment, and I've been banking with them for the past eleven years. I'm also on a flawless, seasoned Chase AU account. (Not sure if that will help. I hope this $10K CL will help.)
I can't begin to say how grateful I am to this community. I've also done alot of research and have been pretty aggressive about getting on the right track. I think if you put the work into it -- and go into it knowing that this is a big game that you can work, within limits and if you know the rules -- anyone can bring up their scores. Thank you.
Pre-qualified: YES
FICO scores across 3 bureaus: EQ: 722, TU: 698, EX: 712
Inquiries: EQ: 2, TU: 2, EX: 1
AAoA: 7 years
Current highest credit line: $5,000
Util: 21%
CL upon approval: $15,000 @ 12.9% APR
Income (no need to be specific) $57K
BADDIES: 2 paid medical collections both August 2011,
BK-7 (August 2006)
@Anonymous wrote:
@Aarvard wrote:Hi guys,
Would you mind sharing some stats for your Cap1 approval? I'm trying to consolidate the the data of the approvals to make one "last" ditch effort before... *well you know what I mean*
Please share the stats if you are comfortable to
Pre-qualified: Yes (Venture, Venture One, and QS)
FICO: EQ 704 TU 714 EX 713
Inq: EQ: 2 TU: 1 EX 3
AAoA: 13 years, 11 years, 14 years
Current highest credit line: $1,000 (but I am also reported on an AU account that is $12,000, not sure if that's making a difference)
CL upon approval: $10,000 (my jaw dropped and I silently mouthed an expletive.) 12.9% APR
Income: low $50ish
Util: 1-3%
Staggering amount of student loans
Baddies: Four lates on three SL TLs, late 2009-early 2010.
I wasn't going to apply except that I read a thread tonight about how the "Venture train" might be leaving soon. (Thanks to whoever started that thread.) I had just signed up for myFICO's 3B monitoring service today and was really happy -- I mean, really happy -- to see my FICO scores above 700.
And to be honest, I'm a little shocked that I got a $10K CL. I'm ALOT shocked, actually. I've been rebuilding for about a month. (Yes, one month.) My starting FICOs in late March 2015 were 630-650s. (starting CK scores were 680s, they are now 795/771, so my CK FAKOs are much higher than my FICOs). I actually had no idea what I was doing when I decided to rebuild. I messed up my credit when I was younger, then defaulted on a student loan, and missed some payments on CC. I had my head in the sand and kept it there for years. This year, I decided to grow up and finally got up the courage to download my free CRs in March. I disputed a bunch of TL in my CRs, and this week had student loan TL that had "Collection Account" notations and 14x lates (including 120-day lates) completely wiped by all three CRAs. I also had myself added to some beautifully seasoned AUs. I'm going to start goodwilling the remaining lates. I would not have known to do any of this were it not for members sharing their experiences and advice.
When I started the rebuild, I just assumed that my scores weren't good enough for unsecured cards. I initially only applied for secured cards (BoA with a $300 CL, and, ironically, the Cap1 secured with a $200 CL). I then applied for a Discover, thinking that I might get counter-offered the secured (having read about it on the boards), and was shocked that I was offered the unsecured with a $1,000 CL and the 22% APR.)
It's a month later and I'm getting this Cap1 Venture that's ten times that Discover amount, and a whopping 5,000% higher than the Cap1 secured! Did I do that math right? Now I'm wondering if I should apply for the QS or another unsecured card with another bank and get rid of the secured BoA so I can get my $300 deposit back. (Their customer service is terrible. The Discover people, though are a pleasure to deal with.) The BoA hasn't even reported yet. But I heard that it graduates, and I've already paid the AF. Should I cancel it?
I'm also wondering if I should apply for the Chase Freedom -- I've had Chase cards in the past, all had good standing and never missed a payment, and I've been banking with them for the past eleven years. I'm also on a flawless, seasoned Chase AU account. (Not sure if that will help. I hope this $10K CL will help.)
I can't begin to say how grateful I am to this community. I've also done alot of research and have been pretty aggressive about getting on the right track. I think if you put the work into it -- and go into it knowing that this is a big game that you can work, within limits and if you know the rules -- anyone can bring up their scores. Thank you.
Congrats!! Venture is also a good looking card in the wallet. 
