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Questions Regarding Capital One Cards

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probation1984
Member

Questions Regarding Capital One Cards

First off I am pretty new to the forum but I must say all this advice and discussion is awesome! Now to my question regarding my credit cards and situation. Back in my wild and crazy college days I had 2 Capital One Credit Cards which I received in 2007. The CL on 1 card was 2k, and the other card was 750.00. In December of 2009 I consolidated all of my credit cards after being in terrible debt and having a lot of late payments and bad history. I went through Delray Credit Counseling and consolidated both credit cards and also a JC Penny card, Circuit City Card, and Fred Myer Jewelry Card. As of this month, after paying 170.00 dollars every month since December of 2009, with no late payments or issues, I only owe 75 dollars on the last of the Delray Credit Accounts. The last of the things being paid off by Delray is one last payment on my Capital One card and when that is paid off I am free of all of that crap that those cards put me through, and my poor decisions. The second part of the equation is I have a charge-off that is being reported on my credit report for a Best Buy card from several years ago and i'm guessing Capital 1 bought Best Buy's cards or something because it is saying CAP1/BSTBY on the account that is listed as a charge off. My credit this time last year was a 519, and it is currently a 640 average with the 3 bureaus. My payment history has been very good the past year/year and half. I recently got a Barclay's NFL Visa Card in December of 2013, and also got a Visa Platinum from Credit One Bank (which i hate). I opened both of these cards to just help get my score up and use gas, food, etc.....both limits are 500 and both have about a 110 balance and have been paid on and up to date to this point since getting them (and it will stay that way.) I would still like to get once more card to boast my credit and help with utilization and open accounts. with all that being said I have several questions: 1st - Since I did pay off the two capital one credit cards through Delray, would they possibly approve me for a card? or will the best buy charge off (that I guess they possibly own now) stop me from being approved by them? If capital one wont approve me, does anyone have any decent cards that they think would be a good idea to get with my situation and credit scores? Any suggestion would be great and thanks in advance.

 

Current Score

Eq - 642

Ex - 644

TU - 641

Message 1 of 10
9 REPLIES 9
SunriseEarth
Moderator Emeritus

Re: Questions Regarding Capital One Cards

Cap One seems pretty forgiving.  You should try their pre-approval screening on their site to see if get any offers.  

 

AFAIK, Best Buy has switched lenders for their CC a few times.  At one point, they were Cap One, but Citbank took over in September of last year.  

 

As for the two active cards, you should consider keeping a lower balance.  Ideally, over UTIL should be <10%.  Credit One also has no grace period, so it may be better to use that one minimally and PIF immediately.  



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Message 2 of 10
coldnmn
Mega Contributor

Re: Questions Regarding Capital One Cards

I believe they would approve you but try the prequalify site to see. Keep in mind they do three HPs. You may be coose to being approved for a Walmart card they give monthly free credit scores. Barclays seem hit or miss on their scoring. Wait for more input before applying.  Good luck on your journey!

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 3 of 10
bigblue7722
Valued Contributor

Re: Questions Regarding Capital One Cards

@coldnmn what do u mean by Barclay a being hit it or miss on their scoring? Like the free fico score they gave out? Or like the scores they approve people at?
AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.
Message 4 of 10
probation1984
Member

Re: Questions Regarding Capital One Cards

Thanks for the advice. The Best Buy issues had me confused because like I said on my credit report, it is reported as CAP1/BSTBY. I will try the the pre-approval for cap 1 since its a safe option right now. I hate to add any inquiries on my credit report applying for cards. thanks again

Message 5 of 10
probation1984
Member

Re: Questions Regarding Capital One Cards

I thought about applying for a Wal-Mart card, however i wasn't sure what kind of credit score requirements they had. I hate to add the inquiry on my credit report just to get denied haha. thanks for the advice though. If you happen to know the general qualifications for the wal-mart card could you let me know? Also should if i was going to apply for the wl-mart card, should I apply for the actual credit card or just the "Wal-Mart" card that can only be used there? thanks for the help

Message 6 of 10
bigblue7722
Valued Contributor

Re: Questions Regarding Capital One Cards


@probation1984 wrote:

I thought about applying for a Wal-Mart card, however i wasn't sure what kind of credit score requirements they had. I hate to add the inquiry on my credit report just to get denied haha. thanks for the advice though. If you happen to know the general qualifications for the wal-mart card could you let me know? Also should if i was going to apply for the wl-mart card, should I apply for the actual credit card or just the "Wal-Mart" card that can only be used there? thanks for the help


Are those fako or fico scores you have?  If they are fico I would say yes go for the Walmart card. Also check our who gave me credit . Com and search Walmart you can see who has been approved. Def try Barclay card pre qualifier though let me know

AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.
Message 7 of 10
notfancy
Valued Contributor

Re: Questions Regarding Capital One Cards

I'd avoid Barclay if you're looking to apply for any other cards with in a year. They tend to be .. Finicky

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Message 8 of 10
probation1984
Member

Re: Questions Regarding Capital One Cards

Ok, Capital one didnt pre-qualify me for anything when I applied, so I guess they don quite forgive me yet...haha. I have one Barclays CC and its the NFL card, so I shouldnt apply for another one with them? And the credit score's I reported are FAKO scores. Any idea on how to get ALL 3 FICO scores so I have an actual depiction of my credit?

Message 9 of 10
bigblue7722
Valued Contributor

Re: Questions Regarding Capital One Cards


@probation1984 wrote:

Ok, Capital one didnt pre-qualify me for anything when I applied, so I guess they don quite forgive me yet...haha. I have one Barclays CC and its the NFL card, so I shouldnt apply for another one with them? And the credit score's I reported are FAKO scores. Any idea on how to get ALL 3 FICO scores so I have an actual depiction of my credit?


If u have a barclaycard already u should be able to get a free fico score or at least I do with my rewards card with them. They give you tu 08 which is much better than the tu 98 that you can buy on here cause almost no lender uses 98 anymore. I would suggest looking into score watch from myfico because that is the same score cap one uses for their scores. For ex you can buy it here with a report but it's 20 bucks. 

AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.
Message 10 of 10
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