topic Re: Capital One Approval in Credit Card Approvals

Capital One Approval

Pat94108 — Wed, 06 Aug 2014 02:11:42 GMT

I was finally approved for a 5-digit credit line with Capital One (Quicksilver). I don't know if it's because I selected the monthly spend of $1000-$2499 on the application or because I had two other open credit lines over 5k (although one of them is now closed just hasn't reported yet).

Considering that I bank with Capital One 360, I've wanted to make a Capital One credit card my to go card (and only credit card) for a while now but was never able to do so because of the credit limit that was always lower than the others. Now that I have this line, I will most likely close my other credit card with Amex or at least sock drawer it (I am one of the rare one-credit-card-only people on this board).

I am definitely done applying for credit now that I have one 5-digit line with Capital One (also have way too many inquiries but that's a different story).

Re: Capital One Approval

CreditMagic7 — Wed, 06 Aug 2014 02:15:06 GMT

Awesome indeed!

Congrats! on the really nice approval

Re: Capital One Approval

Pat94108 — Wed, 06 Aug 2014 02:17:11 GMT

Thank you, Credit Magic!

Re: Capital One Approval

coldnmn — Wed, 06 Aug 2014 02:17:50 GMT

Congrats! Thanks for sharing.

Re: Capital One Approval

Forte747 — Wed, 06 Aug 2014 02:19:00 GMT

Congrats and thanks for sharing

Re: Capital One Approval

-Wade- — Wed, 06 Aug 2014 02:36:56 GMT

@Pat94108 wrote:
I was finally approved for a 5-digit credit line with Capital One (Quicksilver). I don't know if it's because I selected the monthly spend of $1000-$2499 on the application or because I had two other open credit lines over 5k (although one of them is now closed just hasn't reported yet).

Considering that I bank with Capital One 360, I've wanted to make a Capital One credit card my to go card (and only credit card) for a while now but was never able to do so because of the credit limit that was always lower than the others. Now that I have this line, I will most likely close my other credit card with Amex or at least sock drawer it (I am one of the rare one-credit-card-only people on this board).

I am definitely done applying for credit now that I have one 5-digit line with Capital One (also have way too many inquiries but that's a different story).

Congrats on your approval

Re: Capital One Approval

gdale6 — Wed, 06 Aug 2014 02:44:12 GMT

@Pat94108 wrote:
I was finally approved for a 5-digit credit line with Capital One (Quicksilver). I don't know if it's because I selected the monthly spend of $1000-$2499 on the application or because I had two other open credit lines over 5k (although one of them is now closed just hasn't reported yet).

Considering that I bank with Capital One 360, I've wanted to make a Capital One credit card my to go card (and only credit card) for a while now but was never able to do so because of the credit limit that was always lower than the others. Now that I have this line, I will most likely close my other credit card with Amex or at least sock drawer it (I am one of the rare one-credit-card-only people on this board).

I am definitely done applying for credit now that I have one 5-digit line with Capital One (also have way too many inquiries but that's a different story).

Grats on your Cap-1 approval, great start limit.

I will info you that you really need 3 open bankcards and 1 store card to maximize Fico but if your not going to be looking for auto or mortgage loans it really doesnt matter how many you have.

Re: Capital One Approval

dursty87 — Wed, 06 Aug 2014 03:48:38 GMT

Congrats on the approval.

Re: Capital One Approval

Transmogrifying_Bee — Wed, 06 Aug 2014 04:02:09 GMT

@Pat94108 wrote:
I was finally approved for a 5-digit credit line with Capital One (Quicksilver). I don't know if it's because I selected the monthly spend of $1000-$2499 on the application or because I had two other open credit lines over 5k (although one of them is now closed just hasn't reported yet).

Considering that I bank with Capital One 360, I've wanted to make a Capital One credit card my to go card (and only credit card) for a while now but was never able to do so because of the credit limit that was always lower than the others. Now that I have this line, I will most likely close my other credit card with Amex or at least sock drawer it (I am one of the rare one-credit-card-only people on this board).

I am definitely done applying for credit now that I have one 5-digit line with Capital One (also have way too many inquiries but that's a different story).

I applaud your decision to minimize the number of cc's you want to have, having just closed yesterday my Capital One QS and VentureOne cards in favor of using just my few remaining cards. But still, you want to rely on only ONE CARD? What happens if you encounter a rare but still possible glitch with your remaining CapOne QS card? A scratched magnetic swipe strip, problem with the EMV chip, CapOne computer system being down, and so on. I would think your Amex card would be a nice "back-up" to your primary card!

Your call, of course! Either way, I congratulate you and wish you the best of luck with your new card and its great CL . . . !

Re: Capital One Approval

Pat94108 — Wed, 06 Aug 2014 03:59:59 GMT

@gdale6 wrote:
@Pat94108 wrote:
I was finally approved for a 5-digit credit line with Capital One (Quicksilver). I don't know if it's because I selected the monthly spend of $1000-$2499 on the application or because I had two other open credit lines over 5k (although one of them is now closed just hasn't reported yet).

Considering that I bank with Capital One 360, I've wanted to make a Capital One credit card my to go card (and only credit card) for a while now but was never able to do so because of the credit limit that was always lower than the others. Now that I have this line, I will most likely close my other credit card with Amex or at least sock drawer it (I am one of the rare one-credit-card-only people on this board).

I am definitely done applying for credit now that I have one 5-digit line with Capital One (also have way too many inquiries but that's a different story).
Grats on your Cap-1 approval, great start limit.

I will info you that you really need 3 open bankcards and 1 store card to maximize Fico but if your not going to be looking for auto or mortgage loans it really doesnt matter how many you have.

Yeah I was thinking I should probably not close my AMEX. Thanks for the advice :-)

Re: Capital One Approval

Pat94108 — Wed, 06 Aug 2014 04:01:11 GMT

@Transmogrifying_Bee wrote:
@Pat94108 wrote:
I was finally approved for a 5-digit credit line with Capital One (Quicksilver). I don't know if it's because I selected the monthly spend of $1000-$2499 on the application or because I had two other open credit lines over 5k (although one of them is now closed just hasn't reported yet).

Considering that I bank with Capital One 360, I've wanted to make a Capital One credit card my to go card (and only credit card) for a while now but was never able to do so because of the credit limit that was always lower than the others. Now that I have this line, I will most likely close my other credit card with Amex or at least sock drawer it (I am one of the rare one-credit-card-only people on this board).

I am definitely done applying for credit now that I have one 5-digit line with Capital One (also have way too many inquiries but that's a different story).
I applaud your decision to minimize the number of cc's you want to have, having just closed yesterday my Capital One QS and VentureOne cards in favor of using just my few remaining cards. But still, you want to rely on only ONE CARD? What happens if you encounter a rare but still possible glitch with your remaining CapOne QS card? A scratched magnetic swipe strip, problem with the EMV chip, CapOne computer system being down, and so on. I would think your Amex card would be a nice "back-up" to your primary card!

Your call, of course! Either way, I wish you the best of luck . . . !

Ah ah. You're probably right, especially with Cap One, there is always a glitch.

Re: Capital One Approval

One7 — Wed, 06 Aug 2014 06:49:26 GMT

Congratulations on your new approval

Re: Capital One Approval

Tony275 — Wed, 06 Aug 2014 08:00:51 GMT

Congrats!!

Re: Capital One Approval

alvon123 — Wed, 06 Aug 2014 10:12:50 GMT

congrats

Re: Capital One Approval

MissMoni223 — Wed, 06 Aug 2014 16:06:36 GMT

CONGRATS on your Capital One approval! I agree that you should keep your AMEX as a great backup card.