09-24-2012 12:11 PM
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...
09-24-2012 12:14 PM
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.
09-24-2012 12:16 PM
FICO Scoring (640) was the main reason...and that was in the list....American Express Zync
09-24-2012 12:18 PM
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 =)
09-24-2012 01:10 PM - edited 09-24-2012 01:10 PM
I have two CapOne and was approved Saturday for Zync (with thin file). So I guess it was mainly based on your score.
09-24-2012 01:13 PM - edited 09-24-2012 01:14 PM
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
09-24-2012 01:35 PM
09-24-2012 01:40 PM
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.
09-24-2012 01:44 PM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.