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Established Contributor
Changingmantra
Posts: 676
Registered: ‎01-24-2008

Cap 1 - How Long to Get Better Card Offers?

Hello,

 

I have had a Visa ($1800) and MC ($3350) with Cap 1 for three years.  It has been nearly 3 years since I got a CLI on the Visa, but I got a total of $2350 CLI on the Visa over the past two months.  I submitted a pre-approval app. and was approved for an Average Credit card, but they both look like they will be the type of Credit Steps cards that I started out with three years ago.  There is no need for me to start over when I can just continue a good history with the ones that I have and wait for the time when I qualify for better cards.  I have an 8 yr old bankruptcy and other baddies that will fall off within the next two years.  By then, i woudl have also paid off my car loan.  I am wondering if anyone went from getting preapproved for Average Credit cards to Excellent Credit (or just better cards with better limits) and how long did it take for you to progress. 

 

Thanks

*Note to self* Remember why and for how long you had to rebuild in the first place! One Day at a Time, One Day at a Time!
Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011

Re: Cap 1 - How Long to Get Better Card Offers?

Cap 1 wont be the card I will look at. I will look at prime vendors and try discover/amex pre approvals.

 

If they don't show approvals, I will sit back for some more time.

 

Are you getting pre approved offers from sub prime lenders like FP, orchard, credit one etc in ur mail?

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Frequent Contributor
rbh
Posts: 356
Registered: ‎06-25-2009

Re: Cap 1 - How Long to Get Better Card Offers?

Your signature line is a bit confusing.  What are your current scores?

AMEX Blue Cash - $15k, Lowes/GECRB - $10K, PNC - $10K, CIti Diamond Preferred - $10K, Home Depot/Citi - $7590, Best Buy Store/HSBC - $7400, Citi Platinum Select - $7150, Best Buy RZMC/HSBC - $5750, Dillards/GECRB - $4350, Discover More - $3600, Cap 1 Cash Rewards - $3000, Amex HHonors - $2000, State Farm - $2000, Cap 1 MTV - $1500
Established Contributor
Changingmantra
Posts: 676
Registered: ‎01-24-2008

Re: Cap 1 - How Long to Get Better Card Offers?

 


vish1 wrote:

Cap 1 wont be the card I will look at. I will look at prime vendors and try discover/amex pre approvals.

 

If they don't show approvals, I will sit back for some more time.

 

Are you getting pre approved offers from sub prime lenders like FP, orchard, credit one etc in ur mail?


It was just a test to see if I would be pre-approved.  No, I am not getting any offeres from those other cards. I would never go back to those!  I am trying to get from under HSBC - Bottom-Feeder (formally Direct Merchants) cards.  I have a M/C and Discover.  I am paying off the M/C and sock drawering it until they decide to close it.   I do not qualify for the other prime companies you mentioned.  I did amex pre-approval tonight and no go.  Applied for Discover last month - got another HSBC Discover card that I am not going to activate.  They did already report it on my CR even though I did not activate it.  So, I have to battle with them tomorrow.  I cannot stand them!    I just thoguht I would try Cap1 to see what they would offer based on my record with them.

 

 

I have had great experiences with Cap 1, so I do not mind staying and progressing with them, so long as progressing to a better card is actually an option.

*Note to self* Remember why and for how long you had to rebuild in the first place! One Day at a Time, One Day at a Time!
Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011

Re: Cap 1 - How Long to Get Better Card Offers?

 


Changingmantra wrote:

 


vish1 wrote:

Cap 1 wont be the card I will look at. I will look at prime vendors and try discover/amex pre approvals.

 

If they don't show approvals, I will sit back for some more time.

 

Are you getting pre approved offers from sub prime lenders like FP, orchard, credit one etc in ur mail?


It was just a test to see if I would be pre-approved.  No, I am not getting any offeres from those other cards. I would never go back to those!  I am trying to get from under HSBC - Bottom-Feeder (formally Direct Merchants) cards.  I have a M/C and Discover.  I am paying off the M/C and sock drawering it until they decide to close it.   I do not qualify for the other prime companies you mentioned.  I did amex pre-approval tonight and no go.  Applied for Discover last month - got another HSBC Discover card that I am not going to activate.  They did already report it on my CR even though I did not activate it.  So, I have to battle with them tomorrow.  I cannot stand them!    I just thoguht I would try Cap1 to see what they would offer based on my record with them.

 

 

I have had great experiences with Cap 1, so I do not mind staying and progressing with them, so long as progressing to a better card is actually an option.


 

I will continue with Cap 1 for now and wait for the scores to get into about 660+ I will also ensure that I have atleast 1+ year of nice clean history before I apply anything. When I asked about sub prime offers, I dint intend to ask you to apply for them. I use them as a indicator, when you get a lot of them, your credit is improving and you will get them for 3-4 months. Next stage will be when you will stop getting any of those offers from prime lenders. This is the point when you are in no mans land and need to stay patient and another 3-4 months later you should see prime lenders running behind you for your business.

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)

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