topic Re: I still hate Capital One in Credit Card Approvals

I still hate Capital One

wacdenney — Sat, 11 Oct 2014 19:44:13 GMT

I still hate Capital One for now... I had 2 QS1 cards, one had an $800 CL and the other had a $1000 CL. I was being charged around $90 per year for membership fees which I never actually paid as they were waiving them every year but refusing to remove them. I had 3+ years of NO missed or late payments at all. So about 3 months ago when my 6 months hit on one of them I hit the luv button and was denied AGAIN and closed both cards the next day.

Fast forward about 3 or 4 months and I get a preapproval in the mail for the QS Visa. Out of curiousity I put the reservation codes in and clicked apply and approved for 2k. That's $200 more in credit limit and no membership fee that they had previously said they could not remove. So what changed over the past several months? Oh nothing really other than a ton of INQs and new accounts. No rhyme or reason AT ALL.

I'll give them a year to change my mind about them, then if they play games with me again like they did before I'll drop em again like a hot potato. I think I'll transfer every balance I have to the card during that 12 months also. If nothing else they will serve a purpose in carrying my balances interest free for a year!

Re: I still hate Capital One

Anonymous — Sat, 11 Oct 2014 19:38:26 GMT

lol I dont hate Capital One but I understand your frustration with them. I've accepted that this particular company and its weirdness isnt for me, left it at that. Congrats on the 2k! At least its a step in the right direction and they seem to be more generous with others lately so good luck

Re: I still hate Capital One

chalupaman — Sat, 11 Oct 2014 21:03:31 GMT

CapOne tends to be better with their cards that have no annual fee and actually have rewards on them IMO (think Venture, QS, Buypower cards, that sort of stuff). From my personal experience, they aren't bad at all and haven't had a single problem with them yet but undrestandably I've heard of many people who were stuck with their annual fee cards who did have plenty of trouble. I also give them credit for giving me a CLI before I got one with my Citi card (finally). Congrats on your approval.

Re: I still hate Capital One

Anonymous — Sat, 11 Oct 2014 21:28:54 GMT

Congrats!........Thanks for sharing..

Re: I still hate Capital One

norhplatter — Sun, 12 Oct 2014 01:57:09 GMT

I had three cards and cancelled one because of APR. Two others QS1 and premium..both with $59 AF. I CHATTED AND FOUND OUT MY QS was upgradeable to no AF or I could have venture. I took QS no AF. chatted on second card and upgraded from premium to QS but told AF stands because it was in my contract. I called EO and they refunded fee, paid this month, and then permanently deleted AF. also had a couple good CLIs. Got no where with Cap1 for years and now they are giving me what I ask for. This past year I got AMEX Blue, Barclay, and Nfcu so may be that's why

Re: I still hate Capital One

Billybob_TX — Sun, 12 Oct 2014 01:57:54 GMT

CapOne gave me unsecured credit when nobody else would post-BK. Sure it had an AF, but what the hey. They have so-so cards, good cards, and better cards, no reason to be a hater. Remember they will only give you what you ask for, somewhere down the line you asked for and accepted whatever card you have.

I now have a beauty VentureOne no AF card with a 10K limit. I'm very happy with them.

Re: I still hate Capital One

wacdenney — Sun, 12 Oct 2014 02:37:10 GMT

@Billybob_TX wrote:
CapOne gave me unsecured credit when nobody else would post-BK. Sure it had an AF, but what the hey. They have so-so cards, good cards, and better cards, no reason to be a hater. Remember they will only give you what you ask for, somewhere down the line you asked for and accepted whatever card you have.
I now have a beauty VentureOne no AF card with a 10K limit. I'm very happy with them.

As is the case with many... Cap 1 was there for me when no one else was. I mistakenly felt like the relationship we had built was a relationship and very much wanted to repay the faith they had placed in me. Yes, you are correct. I asked for the QS1 nearly 4 years ago and at the time it was exactly what I wanted/needed. I simply wanted to continue doing business with them and they made it impossible.

In some weird way, them approving this card at this point makes me hate them even more. If I qualify now with the extra INQs and new accounts why wouldn't they just work with me 4 months ago??? That's the whole reason I even applied was because after the brick wall I had ran up against I just wanted to see. The logic behind their business model is so screwy, I simply wanted to see if they were actually going to approve it now.

Who knows... I see people here all the time that swoop in to Cap 1's defense talking about how great they have been to them and maybe I will fall into that elite category now and they will handle my new account with some sort of logical reasoning. At this point I am rather jaded and certainly do not have very high hopes, but time will tell. Curiosity got me to take the bait so we will see how long it lasts.

Re: I still hate Capital One

Billybob_TX — Sun, 12 Oct 2014 02:48:16 GMT

About 2 weeks after getting my 2500 QS AF card that never got a CLI for 2 years up to 5K thru the EO, I got the wild hair to apply for the VentureOne no AF, and got a insta-approval for 10k. There is no rhyme or reason, but they treat different cards differently...that is just how it is.

Re: I still hate Capital One

Anonymous — Sun, 12 Oct 2014 03:51:24 GMT

Cap1 will approve you when the only other option is the scum lenders.

They will not grow with you unless you put in a new app. (Hello triple pull!)

Re: I still hate Capital One

chalupaman — Sun, 12 Oct 2014 04:00:26 GMT

@wacdenney wrote:
@Billybob_TX wrote:
CapOne gave me unsecured credit when nobody else would post-BK. Sure it had an AF, but what the hey. They have so-so cards, good cards, and better cards, no reason to be a hater. Remember they will only give you what you ask for, somewhere down the line you asked for and accepted whatever card you have.
I now have a beauty VentureOne no AF card with a 10K limit. I'm very happy with them.
As is the case with many... Cap 1 was there for me when no one else was. I mistakenly felt like the relationship we had built was a relationship and very much wanted to repay the faith they had placed in me. Yes, you are correct. I asked for the QS1 nearly 4 years ago and at the time it was exactly what I wanted/needed. I simply wanted to continue doing business with them and they made it impossible.

In some weird way, them approving this card at this point makes me hate them even more. If I qualify now with the extra INQs and new accounts why wouldn't they just work with me 4 months ago??? That's the whole reason I even applied was because after the brick wall I had ran up against I just wanted to see. The logic behind their business model is so screwy, I simply wanted to see if they were actually going to approve it now.

Who knows... I see people here all the time that swoop in to Cap 1's defense talking about how great they have been to them and maybe I will fall into that elite category now and they will handle my new account with some sort of logical reasoning. At this point I am rather jaded and certainly do not have very high hopes, but time will tell. Curiosity got me to take the bait so we will see how long it lasts.

Good luck with that. Sorry if I annoyed you with that comment. I guess CapOne is just one of those lenders that's all over the place with people for whatever reason.

Re: I still hate Capital One

I_need_720 — Sun, 12 Oct 2014 04:22:33 GMT

@Anonymous wrote:
Cap1 will approve you when the only other option is the scum lenders.

They will not grow with you unless you put in a new app. (Hello triple pull!)

They can't triple pull if two of the reports are frozen.

Re: I still hate Capital One

Anonymous — Sun, 12 Oct 2014 04:27:06 GMT

@I_need_720 wrote:
@Anonymous wrote:
Cap1 will approve you when the only other option is the scum lenders.

They will not grow with you unless you put in a new app. (Hello triple pull!)
They can't triple pull if two of the reports are frozen.

Re: I still hate Capital One

Anonymous — Sun, 12 Oct 2014 04:43:49 GMT

Hate is a harsh word... and you hate them because they approved you? Lol.

I have Cap1 and they've done a lot for me credit-wise. Accepted me when no one else wanted to! I spoke with them today and they were extremely helpful. Customer service is up to par for sure.

Either way....... I'm almost sure they won't miss your business. *chuckles*

Re: I still hate Capital One

chalupaman — Sun, 12 Oct 2014 04:47:48 GMT

@Anonymous wrote:
@I_need_720 wrote:
@Anonymous wrote:
Cap1 will approve you when the only other option is the scum lenders.

They will not grow with you unless you put in a new app. (Hello triple pull!)
They can't triple pull if two of the reports are frozen.

Re: I still hate Capital One

Tony275 — Sun, 12 Oct 2014 05:18:46 GMT

They definitely have a weird internal system they use for approvals, no specific scores, income or usage to get approved! Hopefully they provide the results you're seeking!

Re: I still hate Capital One

Anonymous — Sun, 12 Oct 2014 06:37:05 GMT

ah good ol' capital one and their weird system

Re: I still hate Capital One

alvon123 — Sun, 12 Oct 2014 12:30:22 GMT

congrats

Re: I still hate Capital One

wacdenney — Sun, 12 Oct 2014 14:06:13 GMT

Hate is probably too strong of a word. I actually at one point felt very much loyal to Cap1. The brick wall I hit with them on my QS1 cards was just too much to bare and I had to cut them loose but it wasn't by choice. They very much so forced me into the descision.

Hopefully with this new account I will see a new side of Cap1 that had previously elluded me. That would be great if it were the case. I am quick to bash them now, but I will be just as quick to sing their praises again if they treat me right this time around!

Re: I still hate Capital One

wacdenney — Fri, 17 Oct 2014 17:59:30 GMT

Card came in the mail today. I hadn't noticed when I accepted the offer, but aparently they gave me a 24.99% APR. haha Keep it classy Capital One! Oh well, doesn't matter anyway. Obviously this wouldn't be a card anyone would carry a balance on outside the promotional intro period. Any APR is fine with me now that those insane AFs are GONE!

I logged into my online account for the first time in several months and they still had my old QS1 cards listed there with "closed" in big red type all over them. I wonder if there's any way to hide those??

Never could find a card image of the non-signature version of the card with the Visa logo for my signature line. I wound up having to make my own. Though I'm not sure why I bothered. I will probably do a custom image again so I can get an embossed card that looks like an actual credit card again.

Re: I still hate Capital One

Anonymous — Fri, 17 Oct 2014 18:07:30 GMT

You could have/still can contact the EO office- Maybe they can help you out