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Capital One secured CC question

Senior Contributor

Re: Capital One secured CC question

 


xlr8d wrote:

Should I just go with a Public Savings card? or try the cap1 and roll the dice?


Apply for Cap1 first, if they deny, go for the PBS.

 

Frequent Contributor

Re: Capital One secured CC question

Got approved for the secured cap1 card.. good stuff now i have 2 cards.. now to wait patiently for score to rise..

 

Link they provided me keeps erroring out to deposit my money, anyone else have a problem with that?


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


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Established Contributor

Re: Capital One secured CC question

I had a Cap1 chargeof in '02 or '03. Got a preapproval in the mail a few months ago. Applied online was instantly denied. Reason was the chargeoff. They didn't even do a hard pull. At the time of app I had zero negatives. 735 score. In my case they remember me.

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Regular Contributor

Re: Capital One secured CC question

I had a CO with capital one.  I paid it back in January and I was approved for a secured card w/ a $49 deposit/$200 limit at the end of February.  I don't know how they are going to process CLI however. The secured card advertises that you may get unsecured increases and the deposit refunded as long as you pay on time yadayadayada...  I am hoping that the old CO that I paid doesn't make them keep a tight leash on the CLI's...  I am waiting to receive the card in the mail.  Should have it in a few days.  They sent me an email saying they mailed it outSmiley Happy

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

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Regular Contributor

Re: Capital One secured CC question

As long as the CO is settled/paid...go for it.  I had a CO as well.

Closed on my 1st home on: 11/30/2011
First Guaranty Mortgage Corporation (FGMC)
Starting Score:Equifax: 490 (01/14/2011)Transunion: 498 (01/14/2011)
Current Score: Equifax: 609(07/09/2012) Transunion: 644 (10/14/2011) Experian: 593 Lender Pull (08/22/2011)

Goal Score: 700

Take the FICO Fitness Challenge


Highlighted
Valued Member

Re: Capital One secured CC question

I had a charge off in 2008. They gave me a secured card with 49 down and a 200cl.

Current 8-15-2014 EX 642(MyFico) // EQ 676MyFico) // TU 702(WalMart) //
Starting 6-1-2011 EX 452 /// TU 472 /// MyFico.com score

CSP $5k - Chase Slate $4.8k - Trek $4k - Home Depot $3.8k - Fingerhut $2.3k - Ebay Mastercard $1.5k - Chase Freedom $1k - Sams Club $1k - CFNA(Expert Tire) $1.2k - Bloomingdales 1.2k - Amazon $1.5k - Lowes $4.8k - TJMaxx $.5k - Walmart $.5 - Capital One Quicksilver One $1.5k - Capital One Quicksilver One $1k - CreditOne $.4k - Macy's $1.5k - Express $.3k - Buckle $.3k - Kohls $.3k