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Established Contributor
Posts: 799
Registered: ‎09-27-2011
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A CAPITAL ONE Application Spree? You Better Believe It!

[ Edited ]

Yes, yes...I know...Capital One is a credit pariah to many on this board, but post-house closing, they have been VERY generous to me:

 

Sony Cap1 VISA card: Approved for $2,500

 

Cap1 Cash Rewards: Approved for $3,000

 

Best Buy Reward Zone Mastercard: Approved for $2,500

 

Menard's BIG card (Menard's is EVERYWHERE here): Approved for $5,000 (I didn't even know Cap1 could count that high...even if this is a store card!)

 

All cards approved on the same day!

 

By my count, that's $13,000 in new credit Smiley Very Happy

 

I know what you're thinking...why not Discover? Why not Citi? Why not Chase...BOA...AMEX?

 

Here's why...I have a year 2010 BK7...and the aforementioned prime lenders won't touch me with a 30-foot pole.

 

But Capital One did...in a big way...and for taking a chance on a guy who screwed up in the past and is now a responsible credit user (and 1st time homeowner), that guy says THANK YOU, CAPITAL ONE Smiley Happy

 

Note: Edited to correct errors

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Established Contributor
Posts: 505
Registered: ‎10-08-2011
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Re: A CAPITAL ONE Application Spree? You Better Believe It!

Capital One definitely gets a lot of flak -- oftimes dservedly so -- but I agree, they are one of the few lenders who will help you out when you're down. They can be a chore to deal with, but all-in-all, they've done me right.

 

So congrats man. Use those cards with pride.

      
Established Contributor
Posts: 799
Registered: ‎09-27-2011
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Re: A CAPITAL ONE Application Spree? You Better Believe It!


Stralem wrote:

Capital One definitely gets a lot of flak -- oftimes dservedly so -- but I agree, they are one of the few lenders who will help you out when you're down. They can be a chore to deal with, but all-in-all, they've done me right.

 

So congrats man. Use those cards with pride.


Much appreciated!

 

I should have mentioned...none of the cards has an AF...and the interest rate is pretty good on the co-branded cards (not that it matters since we use/pay off, but still a nice gesture).

 

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Community Leader
Senior Contributor
Posts: 27,589
Registered: ‎02-07-2013
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Re: A CAPITAL ONE Application Spree? You Better Believe It!

Congrats 

BTW I love my cap1 cards

+ Chase ink =




Established Contributor
Posts: 799
Registered: ‎09-27-2011
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Re: A CAPITAL ONE Application Spree? You Better Believe It!

[ Edited ]

myjourney wrote:

Congrats 

BTW I love my cap1 cards


Same here!

 

Confessional time: I was once a Cap1 hater. They were restricting access to CLIs...and thus, in my mind, impeding my credit improvement.

 

Then I realized...these people gave a credit card to a guy who had just hit rock-bottom. Sure that eventual $750 limit seemed piddly, but I had just filed for Chapter 7 BK (not related to CC debt, but rather mounds of medical bills from keeping my son alive). Were they supposed to just hand me the keys to the vault?

 

Cap1 has a very particular, SUCCESSFUL business model. They are generous to few, but cautious with many. They charge nominal AFs...waive them at times for good customers...and give decent-but-not-Earth-shattering CLIs and CLs at times.

 

I have grown to appreciate the role they play in the credit world. People here swoon over BOA/Citi/AMEX/Chase and the like...but the truth is, very few of those companies waste their time even considering people like me. It's as though I am a Yamaha motorcycle rider walking into a Harley Davidson shop Smiley Very Happy At least Cap1 lets me in the door without judging me...and that really rubs me the right way.

 

I'm Spartacus!

hr>Starting Score: EQ 546, EX 547, TU 580
Current Scores (lender): EQ 725 , EX FICO 720, TU 737 FICO scores>
Goal Score: 750
Take the FICO Fitness Challenge
Regular Contributor
Posts: 125
Registered: ‎03-09-2013
0

Re: A CAPITAL ONE Application Spree? You Better Believe It!

Congrats!  Cap One let me back in the door too after I burned them in my BK.  $500 limit, but it's a start.

Starting Score: 660 (BK discharged 2/2012)
Current Score: 684 - EQ | 679 - EX (Lender pull)
Goal Score: 720+

Wallet: NFCU Flagship Signature 14k | NFCU cashRewards 1K | NavCheck 15k | Barclays US Air 2.1k | Merrick 1.4k | Credit One 550 | Cap One 750 | Last app 5.5.2013
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Super Contributor
Posts: 6,061
Registered: ‎12-11-2011
0

Re: A CAPITAL ONE Application Spree? You Better Believe It!

I love my cap1 as well. They gave me my first ever credit card with a 3k limit and no AF Smiley Very Happy 

 

Congrats on your spree. 

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: A CAPITAL ONE Application Spree? You Better Believe It!


CreditCrusader wrote:

Yes, yes...I know...Capital One is a credit pariah to many on this board, but post-house closing, they have been VERY generous to me:

 

Sony Cap1 VISA card: Approved for $2,500

 

Cap1 Cash Rewards: Approved for $3,000

 

Best Buy Reward Zone Mastercard: Approved for $2,500

 

Menard's BIG card (Menard's is EVERYWHERE here): Approved for $5,000 (I didn't even know Cap1 could count that high...even if this is a store card!)

 

All cards approved on the same day!

 

By my count, that's $13,000 in new credit Smiley Very Happy

 

I know what you're thinking...why not Discover? Why not Citi? Why not Chase...BOA...AMEX?

 

Here's why...I have a year 2010 BK7...and the aforementioned prime lenders won't touch me with a 30-foot pole.

 

But Capital One did...in a big way...and for taking a chance on a guy who screwed up in the past and is now a responsible credit user (and 1st time homeowner), that guy says THANK YOU, CAPITAL ONE Smiley Happy

 

Note: Edited to correct errors


CONGRATS!!!

 

I dont blame ya go with the lender that will trust you and you like!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
New Member
Posts: 1
Registered: ‎05-09-2013
0

Re: A CAPITAL ONE Application Spree? You Better Believe It!

Congrats on the approvals. Just curious though, you said you got the cash rewards card with no AF. I thought that was strictly for those with excellent credit and the $39 AF was for us with some blemishes like a recent BK.

Community Leader
Senior Contributor
Posts: 27,589
Registered: ‎02-07-2013
0

Re: A CAPITAL ONE Application Spree? You Better Believe It!


CreditCrusader wrote:

myjourney wrote:

Congrats 

BTW I love my cap1 cards


Same here!

 

Confessional time: I was once a Cap1 hater. They were restricting access to CLIs...and thus, in my mind, impeding my credit improvement.

 

Then I realized...these people gave a credit card to a guy who had just hit rock-bottom. Sure that eventual $750 limit seemed piddly, but I had just filed for Chapter 7 BK (not related to CC debt, but rather mounds of medical bills from keeping my son alive). Were they supposed to just hand me the keys to the vault?

 

Cap1 has a very particular, SUCCESSFUL business model. They are generous to few, but cautious with many. They charge nominal AFs...waive them at times for good customers...and give decent-but-not-Earth-shattering CLIs and CLs at times.

 

I have grown to appreciate the role they play in the credit world. People here swoon over BOA/Citi/AMEX/Chase and the like...but the truth is, very few of those companies waste their time even considering people like me. It's as though I am a Yamaha motorcycle rider walking into a Harley Davidson shop Smiley Very Happy At least Cap1 lets me in the door without judging me...and that really rubs me the right way.

 


Well said Bravo

+ Chase ink =




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