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Denied capital one secured credit card

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LS2982
Mega Contributor

Re: Denied capital one secured credit card

I would recommend eithe First Premier or Credit One.




EQ FICO 548 3/3/16
Message 11 of 25
Richierichdollar
New Contributor

Re: Denied capital one secured credit card

You can also try the harley davidson secured card to.

Message 12 of 25
oodie16y
New Visitor

Re: Denied capital one secured credit card

I was denied a secure credit card from capital one. I JUST bought a car like one week ago, with no dwn payment and less car pyments than my last vehicle. WTH?? Why would I get denied from a "secured" card where the credit limit is $200 with a depoist of that much most likely? Just doesn't make any sense to me. Guess I don't need one then, but would make life a little easier for me and I am tryin to rebuild my credit.

Message 13 of 25
LadyVee
Regular Contributor

Re: Denied capital one secured credit card

I was also denied for the secured and I waited a little more than 6 months and app 'd again and was approved for a partially secured card with $99/$200. Six months in I received a $100 increase from Cap1. So I would say to you try again in a few months.

Starting Score: 485 (CK TU)
Current Score: 698 (TU FICO); 685 (EX FICO) 687 (EQ FICO)
Goal Scores: 750 (TU FICO); 750 (EX FICO); 750 (EQ FICO)

Current Cards:
AMEX Gold: NPSL, AMEX BCE: 1000, BARCLAY APPLE: 2000, CITI DC: 2250, CHASE CSP: 7400, CAP1 SAVOR: 12000, CAP1 VENTURE: 10000, CAP1 QS: 6500, CAP1 QS1: 3300,
DISC IT: 1400, MERRICK: 2200, PAYPAL CREDIT: 3000,
US BANK CASH+: 5000, WALMART: 5000, TARGET MC: 4000, ANN TAYLOR: 6000, VS: 6000, EXPRESS: 5000, NY&CO: 4000, SMILE GEN: 1500
Message 14 of 25
ChargeItPlease
Regular Contributor

Re: Denied capital one secured credit card

SDFCU does not perform a credit check for its secured card. Take a look: https://www.sdfcu.org/emv-creditcards

Starting Score: 400s (2011) Current: EQ 655 (01-2014) Goal: 700 Last app: 01-01-14. No apps 'til 12-2014!
Message 15 of 25
TVP125
New Contributor

Re: Denied capital one secured credit card

I noticed that if the old creditor is still reporting a past due balance and showing your card usage as lets say 300% your original credit limit no bank that preformes a credit check will apprive you for a  secured card. At least for me thats how it was until I settled and had the old account updated.  Another secured card option is with Open Sky credit, I know they accept anyone whos willing to pay them... 

Thank You!
Message 16 of 25
LadyVee
Regular Contributor

Re: Denied capital one secured credit card

Another company that may offer you a secured card is Discover. But you have to apply for their regular card first and if they deny you they may counter the offer with secured version of the Discover It. It's not guaranteed but it's worth a shot.

Starting Score: 485 (CK TU)
Current Score: 698 (TU FICO); 685 (EX FICO) 687 (EQ FICO)
Goal Scores: 750 (TU FICO); 750 (EX FICO); 750 (EQ FICO)

Current Cards:
AMEX Gold: NPSL, AMEX BCE: 1000, BARCLAY APPLE: 2000, CITI DC: 2250, CHASE CSP: 7400, CAP1 SAVOR: 12000, CAP1 VENTURE: 10000, CAP1 QS: 6500, CAP1 QS1: 3300,
DISC IT: 1400, MERRICK: 2200, PAYPAL CREDIT: 3000,
US BANK CASH+: 5000, WALMART: 5000, TARGET MC: 4000, ANN TAYLOR: 6000, VS: 6000, EXPRESS: 5000, NY&CO: 4000, SMILE GEN: 1500
Message 17 of 25
azguy13
Senior Contributor

Re: Denied capital one secured credit card

Lenders not lending certain people money (whether secured or not) has nothing to do with spite. It has to do with a risk model with some people just not making the cut. It does seem strange that a secured card with 100% deposit would not be approved, but like another user said; it costs money to maintain and if they just don't see themselves coming out on top, they won't lend. 

 

When it comes down to business, personal feelings are taken out of it. If someone that I can't stand asks to borrow money from me with a guaranteed 30% return on my investment, I'm going to loan him the money. It is business and only business. 

Message 18 of 25
undrtkr65
Frequent Contributor

Re: Denied capital one secured credit card

If you can get in with navy federal credi union you can most likely get a secured card with them. They are very good people and will work with you.
Message 19 of 25
core
Valued Contributor

Re: Denied capital one secured credit card


@Rudy123 wrote:
That's like a recent visit to Chase Bank. Them denying me for a prepaid debit card. A prepaid debit card. How can you get denied for a prepaid anything.

I was in the bank opening a new account a few months ago and asked a similar question.  I knew the woman fairly well so I thought I could get some info from her.

 

Me: "Why do you guys always pull credit reports for a DEBIT card with no overdraft protection?"

Sally: "Because in certain cases a debit  card can allow you to spend more than you have."

Me: "Oh?"  Now she had me interested.  "How do I do that?"

Sally: "I can't tell you that."  She smiled.

 

If there's some trick, I'd sure like to know what it is.

Message 20 of 25
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