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Regular Contributor
PleioneG
Posts: 114
Registered: ‎08-29-2012

I must resist! Tempted to try for Capital One Rewards....

[ Edited ]

Suddenly have itchy app fingers for Capital One Rewards card with the AF. We already have the Amazon and Walmart store cards, but a second revolving credit card is sounding ideal at the moment. I'm telling myself to wait a year and try for something else. I was just hoping to somehow have at least one more $500 revolving account to bump up our overall spending accounts.

 

My fear is that they'll decline us even though it's a fairly easy card to get and we already have one account with them in great standing ( always PIF ). What should I do? Should we just wait for 1-2 years like I said or is it worth a shot without being instantly denied even with recon? Will they decline us because of the new accounts? (Amazon, Walmart, auto loan). That's my fear. Getting that hard hit for nothing.


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: No. I must resist apping! Temptation.

Do not app for crap1!

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: No. I must resist apping! Temptation.

Who do you bank with?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Regular Contributor
PleioneG
Posts: 114
Registered: ‎08-29-2012

Re: No. I must resist apping! Temptation.

[ Edited ]

I agree C1 is stingy with credit limits, but we're pretty comfortable with low limit cards. (:  They can be crap but we're satisfied with them so far with the one card we do have.

 

We bank with Wells Fargo and PNC.


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: No. I must resist apping! Temptation.

How old are you? A range is fine, sorry to be personal. Under 30, over 30?

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Frequent Contributor
Mike360
Posts: 433
Registered: ‎03-19-2010

Re: No. I must resist apping! Temptation.

Just stay away from CapOne. There's gotta be better options out there for you.

~~In my wallet: Best Buy $7500, Dell Preferred $5500, Discover IT $4000, Chase Freedom $3500, Barclays NFL Extra Points $3300, Sears $2800, Bill Me Later $2100, CapOne Platinum $2000, Kohls $1500, Target $200
Regular Contributor
PleioneG
Posts: 114
Registered: ‎08-29-2012

Re: No. I must resist apping! Temptation.

[ Edited ]

Does my age have anything to do with credit cards? My husband is 29. I'll be 30 in another month.


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: No. I must resist apping! Temptation.

Maybe wells fargo or pnc could offer you one of their cards with a low limit. I would call them and ask. They both seem to offer very similar cards. You have a choice of points or cash back. If they offer limits as low as $500, you might be able to get approved.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012

Re: No. I must resist apping! Temptation.

[ Edited ]

PleioneG wrote:

Does my age have anything to do with credit cards? My husband is and I are both in our late 20's. I'll be 30 in another month.


Because sometimes college cards are more like young adult cards. So the bank doesn't really care if you are in college, they just want you to be the right age range. They can sometimes be easier to get approved for. https://www.wellsfargo.com/credit_cards/student/cashback/

Wells fargo might be a little more strict on this, but US Bank didn't seem to care when they gave me a college card.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Regular Contributor
PleioneG
Posts: 114
Registered: ‎08-29-2012

Re: No. I must resist apping! Temptation.

I thought about that but I was under the impression that banks -- such as Wells Fargo or PNC -- might require a much higher credit score. We're not exactly stellar but sit in the fair range of things. I know another option might be to try for a credit union but I don't know where to begin with that. And no, I can't do NFCU since the only relatives in the military service are my cousins and the rest are retired.


Wallet: Capital One Platinum - $2000, Amazon - $3000, Walmart - $3000, Discover It - $1000, Chase Freedom - $3000
Current Score: TU98: 678 - 2/2012, Walmart TU - 672 2/2013, Equifax 713 - 1/2013
Goal Score: 700 for all three.
GC Challenge: App free since 1/2013. No more apps! 2015 for mortgage!

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