03-08-2011 07:44 PM - edited 03-08-2011 07:53 PM
my last pull was in november (4 mo.) recent (1yr) HQ: ex: 3 tu: 4 eq: 6
any thoughts? advise? i am sooo wanting this card. creditcards.com cardmatch keeps bringing this card up as the top card match for me. and i want this card sooo bad. i haven't had a cap one yet and i think it is time. but i dont' press the credit button until it is prime for me to push it.
03-09-2011 08:49 AM
you have to remember that Cap One pulls all 3 bureaus. I believe they require an "excellent" credit history for this card. If it were me, I'd make sure my scores were 750+ before pulling the trigger. Others might wanna chime in too...
03-09-2011 10:47 AM - edited 03-09-2011 10:48 AM
When applying with Cap One for prime cards, it's important to be at one's best in order to get a good initial credit line. Cap One doesn't seem to grow with you as much as others. In fact, obtaining CLI has been described by many on here as difficult (read: impossible).
My EQ score was in the mid 760s with no inquiries when I applied for and obtained a No Hassle Cash Rew. They gave me a very generous CL of $7500. I can live with that even if it will never go up. It's good. It's substantial. It's all I need for what I charge on this card (a few hundred bucks each month).
I'd recommend that you let all of your inquiries age to at least 12 months and then apply. Make sure, your utilization is good, too. If you apply now, you might be approved with a smaller CL than when you apply with the parameters I mentioned in good shape.
03-09-2011 07:37 PM
i am waiting for my amex to update with transunion before i make a decision. my credit file still makes my amex look like its still jan 10. sigh.
03-10-2011 10:19 AM
03-10-2011 12:32 PM
There is a pretty nifty offer for the regular Venture card, something about matching miles from another program. You should check it out.
03-10-2011 01:53 PM
The AF venture card is a much better choice since you get a full 2 miles per dollar instead of 1.25 AND you get the bonus miles referred to above. The annual fee is waived for the first year so the bonus at least pays for the annual fee for year 2 and a good chunk of year 3.
There is a mathematically correct way of determining if the AF is worth it or not. If this will be your main card, then it probably is. If you don't plan on having the card open for more than 3 years, then it definitely is.
03-10-2011 08:47 PM
Cap one pulled all 3 bureaus for me, but sent me a letter stating my Experian FICO score and informed me that if approved I would receive the card in 3-7 business days (even though I was approved instantly online).
Scores were 745 EX, 750ish EQ, and 745 TU (I think overall util was around 20-25%)
I had at least 2 inquiries on EQ and 2 on TU at time of application, but none on EX.
Given nice 15,000 CL, but horrible APR of 19.9
I have the AF card and I'm digging the miles. Rewards update within 2-3 business days and 10,000 mile bonus was given within 2 business days of spending 1,000.
***If you're somewhere near my situation, and you need/want the card, I say go for it.*** The power is yours.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.