Credit Cards

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Mega Contributor
LS2982
Posts: 14,336
Registered: ‎04-09-2011

Re: Capital One Holding me Back?!?

Options

‎09-24-2012 01:59 PM

XxRaVeNxX wrote:

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

That FICO score will not sufficient for prime products from Cap1. At least 690/700 or better.

 



Silver Spade Garden Club Member - Last App 1/6/13 - No Apps until 1/7/2015 / Diamond Inspired!
Starting Score: EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 689 / EQ FICO 659 / TU08 FICO 702 / TU98 FICO 672 / TU VS 721 5/16/2013
Message 11 of 12 (145 Views)
 
Reply
Regular Contributor
Mustangfrank
Posts: 192
Registered: ‎07-17-2012

Re: Capital One Holding me Back?!?

[ Edited ]
Options

‎09-24-2012 02:00 PM - edited ‎09-24-2012 02:01 PM

I had  a Cap1 Secured Platinum Card as my only card for eight months when I applied for my Amex Cards.

I had a secured credit line of $2000. I paid in full every month with a 10% monthly usage.

 

A lot of people knock Cap1 but they were the only ones who would give me a credit  card that reported to all three Credit Bureaus.

Cap 1 was the key tool that was essential to rebuilding my credit.

 

They do not give you CLI's unless you deposit more money. 

Cap 1 also does not do a product change from secured to unsecured you have to apply for a new unsecured card after a year of good history with the unsecured card.

 

 

 

Amex Zync NPSL 9/12, Amex CostcoTrue Earnings $10K 9/12
Amex BCE $3K 9/12 (Amex Back Dated to 1983)
Chase Sapphire Preferred $17K 11/12, Chase Freedom $7K 11/12
Discover More $750 11/12
CapitalOne Platinum Secured Card 2K 2/12 (Closed 12/12)
FICO: EQ = 804 EX = 802(Amex) TU = 801(Discover)
Message 12 of 12 (142 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+