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Regular Contributor
Posts: 201
Registered: ‎08-19-2012
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Capital One Holding me Back?!?

Apped for a prime card, which was declined and currently in Recon phase.

And one of the reasons for denial was FICO scoring &  'Our analysis of the credit risk associated with customers who have accounts from the creditor(s) indicated in your credit report... **bleep**?! That's stereotyping, if I ever saw it...

So, basically, before I can garden prime, I have to get rid of sub prime?

It has to be something else, because I never thought of Capital One as sub-prime, because it has the venture card....or maybe that phrase means something else...

Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
Frequent Contributor
Posts: 305
Registered: ‎04-26-2012
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Re: Capital One Holding me Back?!?

Who was it that you apped with?

Established Contributor
Posts: 731
Registered: ‎12-14-2011
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Re: Capital One Holding me Back?!?

I highly doubt that was a major reason in your denial. I applied and was approved for a prime card with just a sub prime cap one on my file.

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
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Regular Contributor
Posts: 201
Registered: ‎08-19-2012
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Re: Capital One Holding me Back?!?

FICO Scoring (640) was the main reason...and that was in the list....American Express Zync

Chase Southwest $5000 - November 2012 Wal Mart $1000 - November 2012 NFCU Visa $5,000 - Sept 2012 NFCU NavCheck $3,000 - October 2012 Amazon $900 - Aug 2012 Kay's Jewlery $2700 - Aug 2012 Buckle $250 (Shopping cart trick) - October 2012 Roaman's $250 (Shopping cart trick) - October 2012 Capital One Secured $225 - April 2012 Capital One Platinum $2500 - July 2012
Established Contributor
Posts: 731
Registered: ‎12-14-2011
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Re: Capital One Holding me Back?!?

Yeah, I'd be willing to bet that FICO score was one of the major reasons for denial. If you can get that score upto the 670+ range in the next few months you will have a much better chance of being approved =)

“The real measure of your wealth is how much you’d be worth if you lost all your money.” ~Unknown
Citi Prestige World Elite Mastercard ($35,000.00), Merrill+ Visa Signature ($25,000.00), Amex BCP ($29,700.00), Amex Green (NPSL), Capital One Quicksilver World Mastercard ($10,000.00), Chase Ink Business Bold (NPSL)
TU-778 (12/03/2014))
EX (Plus) - 777 (10/21/2013)
EQ - 735 (April 2013)
Established Contributor
Posts: 569
Registered: ‎09-10-2012
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Re: Capital One Holding me Back?!?

[ Edited ]

 

I have two CapOne and was approved Saturday for Zync (with thin file). So I guess it was mainly based on your score.

Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (24,800) | Discover IT (16,200) | Citi DCB (7,000) | CapOne (7,000) | Chase Freedom (6,300) | Walmart (4,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)


Frequent Contributor
Posts: 288
Registered: ‎02-06-2012
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Re: Capital One Holding me Back?!?

[ Edited ]

Nope, had C1 for over 4 years when i applied for a Zync also had C1  still on my report when i picked up a Delta Gold Revolver. They said nothing. Maybe a lack of prime cards + score? Seems strange

Moderator Emeritus
Posts: 11,958
Registered: ‎12-30-2011
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Re: Capital One Holding me Back?!?

Raven,

Is the Cap One card your only tradeline? As other posters have intimated while there are some subprime lenders we've seen that with, historically Cap One has not been included with them. C1 is not the bottom of the subprime market.

Also on denial letters usually there will be four or so reasons, and anecdotally anything after the first two might as well be determined by Oujia board for all the relevancy they have.

While there is absolutely more to approvals than FICO score, I just don't think that Cap One is a serious negative. I was recently approved for a Zync with one and the rest of my report isn't pretty either.
Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Established Contributor
Posts: 912
Registered: ‎06-14-2012
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Re: Capital One Holding me Back?!?


Revelate wrote:
Raven,

Is the Cap One card your only tradeline? As other posters have intimated while there are some subprime lenders we've seen that with, historically Cap One has not been included with them. C1 is not the bottom of the subprime market.

Also on denial letters usually there will be four or so reasons, and anecdotally anything after the first two might as well be determined by Oujia board for all the relevancy they have.

While there is absolutely more to approvals than FICO score, I just don't think that Cap One is a serious negative. I was recently approved for a Zync with one and the rest of my report isn't pretty either.

I have to agree with Rev on this one. I have 4 cap1 cards on file and have been denied for quite a few things, but never once was that listed as a reason. Like Rev, i was also approved for the Zync card with cap1 cards being what made up most (if not all) of my revolving trade lines.



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
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Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
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Re: Capital One Holding me Back?!?

I know AMEX will look down on you if you are using First Premier, Credit One, etc, but never Capital One.

 

I used to have Capital One and when I apped for Zync AMEX says nothing to my Capital One account.

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