Anyone who's been to Cap One's CC page has seen their criteria for excellent, average and poor credit.
The excellent standard is actually a little daunting for many decently qualified applicants if taken literally:
ALL must apply
I have not been more than 60 days late on any credit card, medical bill, or loan in the last year
- AND -I have never declared bankruptcy or defaulted on a loan
- AND -- I have had a loan or credit card for 3 years or more with a credit limit above $5,000
Anyone been approved for a top level card without meeting those standards 100%? If so, what did your report look like? I'm sizing myself up for a application for the Spark Cash Business Card in a week or two.
Start (Sept 2011): low-mid 600s. NOW: TU FICO: 801, EQ FICO 808, EX FICO 798 (PSECU). Goal: Achieved! Now Maintain!
@ztnjpv wrote:Anyone who's been to Cap One's CC page has seen their criteria for excellent, average and poor credit.
The excellent standard is actually a little daunting for many decently qualified applicants if taken literally:
ALL must apply
I have not been more than 60 days late on any credit card, medical bill, or loan in the last year
- AND -I have never declared bankruptcy or defaulted on a loan
- AND -- I have had a loan or credit card for 3 years or more with a credit limit above $5,000
Anyone been approved for a top level card without meeting those standards 100%? If so, what did your report look like? I'm sizing myself up for a application for the Spark Cash Business Card in a week or two.
I think that 3rd requirement is what holds alot of people up. I'd imagine if your borderline with it they can work with you.
@Anonymous wrote:I know I'm "pre-selected" or whatever CapOne calls it for all the excellent credit cards and I don't quite have 3 years of history, have like 2 years 8 months.
Good example right here! Did you have any plans of apping for any Koop?
@Anonymous wrote:No, not right now. The cashback card would be nice, but I just applied for two cards last month. It's a potential for some time in the future.
Chase and AMEX >>>>>>>>>>>>>> Cap1 anyday!
@FrugalRican wrote:
@LS2982 wrote:
@Anonymous wrote:No, not right now. The cashback card would be nice, but I just applied for two cards last month. It's a potential for some time in the future.
Chase and AMEX >>>>>>>>>>>>>> Cap1 anyday!
That's why I wouldn't app, even though I meet all 3 requirements :/
Maybe some day after I have a car loan, a mortgage and have milked the hell out of my existing cards.
Even if it was just 1 HP?
@LS2982 wrote:
@FrugalRican wrote:
@LS2982 wrote:
@Anonymous wrote:No, not right now. The cashback card would be nice, but I just applied for two cards last month. It's a potential for some time in the future.
Chase and AMEX >>>>>>>>>>>>>> Cap1 anyday!
That's why I wouldn't app, even though I meet all 3 requirements :/
Maybe some day after I have a car loan, a mortgage and have milked the hell out of my existing cards.
Even if it was just 1 HP?
Where's the Admiral Ackbar picture?