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Contributor
Posts: 106
Registered: ‎07-15-2011
0

Was Denied, then tried again and was Approved?!

Went for a Cap1 Platinum MC pre-approved offer I had. I actually received one a week ago and another two-three weeks ago.

 

I went to apply and put in the most current one's reservation # and access code.

Filled out all the application info.

Name, address, email, phone, social, income, monthly rent amount, employment status,

if I had any checking or savings accounts.

This was around 2:30 PM today.

Submitted and received we could not approve you at this time. You will be receiving information in the mail at the

address provided.

It also said, "you may not be able to apply for a Capital One credit card for the next 45 days after arrival of letter,

which will arrive in 7-10 days."

 

I went to work, and afterwards grabbed the mail...had the SAME offer that I just got denied for in the box.

 

I thought to myself, well they didn't say I COULDN'T apply again, just that I may not be able to,

and I had just read a new thread on here about making sure to app all in one day so the CRA's see it all as one inquiry or something.

Re-applied, used the new pre-approved reservation and access #'s, same exact app info as I had previously inputted today.

 

Approved. $500 limit, which was what I was expecting, considering this customized offer, but the regular card has a minimum $300 limit.

 

Does anyone know if I could get in trouble for this? Is this one of those things that just happen?

Regular Contributor
Posts: 168
Registered: ‎12-05-2007
0

Re: Was Denied, then tried again and was Approved?!

Hey sounds like a good deal to me. Great thinking. As far as trouble maybe a spanking. Haha.
Starting Score: 5/2012 TU 595, EQ 565, EX fako 547
Current Score:as of 9/2012, TU 626,Walmart 612, EQ 600, EX fako 623
Goal Score: 640 by dec 2013
BofA Au 13000, Amazon 600, Capt1 300, Walmart 150
When all else fails pay it!


Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Was Denied, then tried again and was Approved?!

Lol congrats either way!
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Frequent Contributor
Posts: 346
Registered: ‎02-01-2012
0

Re: Was Denied, then tried again and was Approved?!

[ Edited ]

Congrats! The only negative thing might be the 6 Inquiries if they pulled your credit 2 times on all 3 reports :smileyindifferent:

Moderator
Posts: 27,206
Registered: ‎09-13-2012
0

Re: Was Denied, then tried again and was Approved?!


CC365 wrote:

Congrats! The only negative thing might be the 6 Inquiries if they pulled your credit 2 times on all 3 reports :smileyindifferent:


And you know they did! :smileywink:

Contributor
Posts: 106
Registered: ‎07-15-2011
0

Re: Was Denied, then tried again and was Approved?!

What IS a normal amount of hard inquiries to have on any report in a 12 month timeframe?

What is considered a BAD amount?

 

EQ inquiries- 2 as of today. One hitting the two year mark at beginning of Feb '13.

TU(myfico) inquiries- I think 2 or 3 with two a little over their year marks.

 

What would be the reason for Cap1 to deny...then a couple hours later, approve? Anyone?

Valued Contributor
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Was Denied, then tried again and was Approved?!

Maybe the reservation and access # expired because they sent you a new one?
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Contributor
Posts: 106
Registered: ‎07-15-2011
0

Re: Was Denied, then tried again and was Approved?!

No, that's not it. The one I first app'ed with wasn't to expire until 01/02/13.

The one that approved me that I just got in the mail today had an expiration date of 01/09/13.

 

I hope they stand by their word of "make 5 monthly payments on time to get limit increase", didn't have so much luck with my Citi increase today.

I have been reading horror stories with Cap1 and no increases. Think I read a guy didn't have one for 3 years and was still sitting at $500

on his Platinum.

 

Thanks everyone for the replies!

Regular Contributor
Posts: 135
Registered: ‎01-04-2012
0

Re: Was Denied, then tried again and was Approved?!


heytherehitherehothere wrote:

What IS a normal amount of hard inquiries to have on any report in a 12 month timeframe?

What is considered a BAD amount?

 

EQ inquiries- 2 as of today. One hitting the two year mark at beginning of Feb '13.

TU(myfico) inquiries- I think 2 or 3 with two a little over their year marks.

 

What would be the reason for Cap1 to deny...then a couple hours later, approve? Anyone?


I have 14 in one year and have an F on creditkarma.......:smileylol:

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Established Contributor
Posts: 573
Registered: ‎02-12-2011
0

Re: Was Denied, then tried again and was Approved?!

I probably wouldn't question/worry about it. Good job re-applying, I don't think most people would do that and it turned out great for you.



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


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