05-03-2011 07:18 PM
I opened a SC with CapitalOne in late March. A week or so ago I went headed and applied online for an unsecured card with them as well, just to see what happens. I was denied. I received my letter in the mail today explaining why I was denied. It reads: there is a currently pending or recently processed application with CapitalOne. Whats the
rule(s) on this?
05-03-2011 07:34 PM
you cannot apply for another capital one card for 45 days after you either were approved for a different card or apped and denied for one.
05-04-2011 05:10 AM - edited 05-04-2011 05:13 AM
Yes, LS is correct! You must wait 45 (I usually tell people to wait about 47 days) between applications. Since you had a Secured Card, the date is actually the Opening Date when your funds posted on the SC, not the actual date of Applying Online. Double-check with a Senior Account Manager on their application policy -- I might be wrong about that, but for now, start the clock all over again and wait 47-days because they count from your last Applicaiton Attempt.
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