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Established Member
Posts: 39
Registered: ‎03-29-2010
0

Capital One Card

Hey guys.. just wanted your thoughts on this as I have never recieved a message like this before

I currently have 2 capital one cards both with $750 limits for over a year, I also have 2 other HSBC cards with crappy limits, a Jared Card with a $2,500 limit, and a Walmart Card with a $600 limit and Kohls with a $600 limit. Always pay on time ... yada yada.. my utlization is 17% of all my cards combined as currently reported to the credit beauru. 


My score was just ran by a lender the other day as I bought a new car and I had a 659 TU, 644 EQ and EX

 

Anyway....... to my point.. I applied for another Capital One card just to soley have another open credit line and transfer the balances over from the other higher APR cards and I go this message

 

"Notification of approval status will be typically sent in 7 to 10
business days; however, in certain circumstances it may take up to 15
days."

 

I do have a security alert on my credit report, however when I bought the car it wasn't an issue and didn't get no call for approval

 

Any idea if that means it is approved, denied or what it means? Thanks



Starting Score: TU 479, EX 494, EQ 491 in December 2009
Current Score 03/2012: TU 659, EX 634, EQ 634
Goal Score: 660 on all 3 CBs


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New Contributor
Posts: 58
Registered: ‎11-24-2010
0

Re: Capital One Card

Currently, you can only have 2 Cap1 cards unless it's a business card or co-branded product...i.e. Sony PlayStation card. If you have 2 Cap1 cards, usually they won't even pull your credit and the letter they send in the mail will be to the affect of: You've reached the maximum amount of cards.

 

Since Cap1 is acquiring HSBC, I wonder if the limit will change...but as of right now, 2 Cap1 cards are the max.

 

Hope this helps..

Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
0

Re: Capital One Card

 

I have no idea what this means ~ but as far as I know you can have more than two Cap1 cards, in fact they seem to encourage you to have several.....

 

Can you call in and find out the application status ?

 

Did you say that you have a fraud alert on your reports ?   Or do you have them frozen ?

 

 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Established Contributor
Posts: 761
Registered: ‎10-04-2010
0

Re: Capital One Card

There was a recent thread and it appeared that the consensus was you could only have 2 CapitalOne cards unless it is a co-branded card

 

http://ficoforums.myfico.com/t5/Credit-Cards/Capital-one-How-many-cards-can-you-have/td-p/1257227/hi...

BK in 2008, after making very stupid financial. decisions.

Barclay's Apple Financing Card ($8400) --- Capital One Quicksilver ($13,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)--- Discover IT ($5000)

Senior Contributor
Posts: 3,322
Registered: ‎05-05-2011
0

Re: Capital One Card

+1 to previous posts. A Cap One employee has posted here that you can only have 2 Cap One personal CCs, unless it's a co-branded card. The jury is still out as to whether or not they do a HP. One person said they didn't get a HP, but someone else said they did, so who knows. In order to app for a new Cap One, you would need to close one of your current cards.

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
0

Re: Capital One Card


Thanks for posting !  Guess I missed that ~ yeah it looks like you can only have two.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Established Member
Posts: 39
Registered: ‎03-29-2010
0

Re: Capital One Card

capital ones MTV card ...
I have a kohls card through Capone and had no issue obtaining it

HSBC limits u to two cards.. Not cap one my friend has 4 of them

Starting Score: TU 479, EX 494, EQ 491 in December 2009
Current Score 03/2012: TU 659, EX 634, EQ 634
Goal Score: 660 on all 3 CBs


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Established Member
Posts: 39
Registered: ‎03-29-2010
0

Re: Capital One Card

Well I did get approved. I don't know the CL yet but it is no annual fee, 0% interest for 6 months and 19% APR


Starting Score: TU 479, EX 494, EQ 491 in December 2009
Current Score 03/2012: TU 659, EX 634, EQ 634
Goal Score: 660 on all 3 CBs


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Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: Capital One Card


Eddie24CO wrote:

Well I did get approved. I don't know the CL yet but it is no annual fee, 0% interest for 6 months and 19% APR



are you saying you got approved for a 3rd capital one card, if so is it the Venture card?

Established Member
Posts: 39
Registered: ‎03-29-2010
0

Re: Capital One Card

Yes I did this is my 3rd one ands ita their MTV card , no annual fee , no interest for 6 mrha if u qualify. Ita on there website.. So everyone who said they won't approve u for more than 2 cards I don't know why got this card so easily

Starting Score: TU 479, EX 494, EQ 491 in December 2009
Current Score 03/2012: TU 659, EX 634, EQ 634
Goal Score: 660 on all 3 CBs


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