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creditscoreEE
Posts: 303
Registered: ‎04-18-2013
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DENIED!! Captial one secured credit card, Question

Hi guys i have applied for Captial one secured credit card, the only reason i got denied was because of not enough income. when can i reapply again? and how much income do you need to qualify? thanks
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indiolatino61
Posts: 1,481
Registered: ‎11-10-2012
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Re: DENIED!! Captial one secured credit card, Question


creditscoreEE wrote:
Hi guys i have applied for Captial one secured credit card, the only reason i got denied was because of not enough income. when can i reapply again? and how much income do you need to qualify? thanks

Sorry for your denial. I didn't know that income was a factor in secured cards. If you're securing the card with cash, if you don't pay, the bank will just take the money and close the account, so no loss to them. I'd like to know the reason for this as well.

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creditscoreEE
Posts: 303
Registered: ‎04-18-2013
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Re: DENIED!! Captial one secured credit card, Question

yeah the letter said it did not affect my credit score since my credit score was not checked which i find a little odd, but i think i will apply maybe in couple of months again.,, well see.
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LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: DENIED!! Captial one secured credit card, Question


creditscoreEE wrote:
yeah the letter said it did not affect my credit score since my credit score was not checked which i find a little odd, but i think i will apply maybe in couple of months again.,, well see.

Have you checked your reports for INQ's??




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
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creditscoreEE
Posts: 303
Registered: ‎04-18-2013
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to this site sorry. you mean my credit scores?Re: DENIED!! Captial one secured credit card, Question

sorry what is that? im new to this site you mean my credit scores?

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LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: to this site sorry. you mean my credit scores?Re: DENIED!! Captial one secured credit card, Ques


creditscoreEE wrote:

sorry what is that? im new to this site you mean my credit scores?


Pulled your reports to see if Cap1 did any hard inquiries?




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
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creditscoreEE
Posts: 303
Registered: ‎04-18-2013
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Re: to this site sorry. you mean my credit scores?Re: DENIED!! Captial one secured credit card, Ques

and no i didnt i dont have a monthly plan here buti dont think so.

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WallyxD
Posts: 273
Registered: ‎10-02-2012
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Re: to this site sorry. you mean my credit scores?Re: DENIED!! Captial one secured credit card, Ques

A simpler way to describe what inquiries are, about how many times in the past have you applied for any form of credit?  And if you don't mind, what did you state as your income?  I have never heard of anyone getting denied a secured card because of income.

AE Store CC: $850 | AEO Visa: $2,300 | CapOne Quicksilver: $1,700 | Citi Forward for Students $1,500 | Walmart CC $1,350 | Chase Amazon: $500 | PayPal Smart Connect: $500 | Discover iT for Students: $500 | Chase Freedom: $500

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creditscoreEE
Posts: 303
Registered: ‎04-18-2013
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Re: to this site sorry. you mean my credit scores?Re: DENIED!! Captial one secured credit card, Ques

this is my first time applying for a credit card i am trying to build my credit i only have stdent loans deffered at the moment which i will be paying next month i might have put less than 15,000 but i dont remmeber. do you know of any other secured credit cards?

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LS2982
Posts: 15,434
Registered: ‎04-09-2011
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Re: to this site sorry. you mean my credit scores?Re: DENIED!! Captial one secured credit card, Ques


creditscoreEE wrote:

this is my first time applying for a credit card i am trying to build my credit i only have stdent loans deffered at the moment which i will be paying next month i might have put less than 15,000 but i dont remmeber. do you know of any other secured credit cards?


BofA has a $99 deposit $500 CL card.

 

Not a bad choice! 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014

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