Capital One Prequalify Site Question

[Repairman]

If you are prequalified on their site for certain cards,  is it a GUARANTEE that you will be approved for any of those specific cards they offer you? Or is there still a chance you will be denied once you apply?

[Anonymous]

No guarantee.  Just highly likely.

[Repairman]

If you are already a customer of theirs, with a different card, is it a hard pull?

[Anonymous]

Not 100% guarantee.  Just a really good chance that you will get it.  They will still check your credit file, etc.

[taxi818]

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@Anonymous wrote:

No guarantee.  Just highly likely.

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exactly. nothing is never guaranteed. but as stated. 90 plus percent chance.

[Anonymous]

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@Repairman wrote:

If you are already a customer of theirs, with a different card, is it a hard pull?

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Yes it would be a hard pull.  In Cap One's case, it's three hard pulls, one for each bureau.

[Repairman]

3??? Ugh!

[Anonymous]

Cap1 pre-qualifier is 99% accurate I'd say.  You'll get the card but who knows the limit and APR

1 HP each on TU, EX, EQ for most people.

The other thing is often the Cap1 site gives you their worst card.  Alot of people who can get a Quicksilver are offered just a Platinum VISA

If your score is 680+, ignore the "Excellent Credit" warnings and apply for Quicksilver or Venture instead of the "Platinum VISA" Classic or whatever rubbish Cap1 is trying to push.

[Repairman]

Interesting thing is they offered me Venture and Venture One, Platinum Prestige, and Quicksilver (which I already have).

[Anonymous]

The pre-qual back in March showed me a QS1, which I got, with a toy limit of just $300... After that, pre-qual showed nothing but I apped for the Venture a few weeks later and was approved for $5k.