topic Was Denied, then tried again and was Approved?! in Credit Card Approvals

Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 03:03:48 GMT

Went for a Cap1 Platinum MC pre-approved offer I had. I actually received one a week ago and another two-three weeks ago.

I went to apply and put in the most current one's reservation # and access code.

Filled out all the application info.

Name, address, email, phone, social, income, monthly rent amount, employment status,

if I had any checking or savings accounts.

This was around 2:30 PM today.

Submitted and received we could not approve you at this time. You will be receiving information in the mail at the

address provided.

It also said, "you may not be able to apply for a Capital One credit card for the next 45 days after arrival of letter,

which will arrive in 7-10 days."

I went to work, and afterwards grabbed the mail...had the SAME offer that I just got denied for in the box.

I thought to myself, well they didn't say I COULDN'T apply again, just that I may not be able to,

and I had just read a new thread on here about making sure to app all in one day so the CRA's see it all as one inquiry or something.

Re-applied, used the new pre-approved reservation and access #'s, same exact app info as I had previously inputted today.

Approved. $500 limit, which was what I was expecting, considering this customized offer, but the regular card has a minimum $300 limit.

Does anyone know if I could get in trouble for this? Is this one of those things that just happen?

Re: Was Denied, then tried again and was Approved?!

luckelle — Thu, 13 Dec 2012 03:15:15 GMT

Hey sounds like a good deal to me. Great thinking. As far as trouble maybe a spanking. Haha.

Re: Was Denied, then tried again and was Approved?!

jsickz32 — Thu, 13 Dec 2012 03:16:39 GMT

Lol congrats either way!

Re: Was Denied, then tried again and was Approved?!

CreditWorld2013 — Thu, 13 Dec 2012 03:22:09 GMT

Congrats! The only negative thing might be the 6 Inquiries if they pulled your credit 2 times on all 3 reports

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 03:26:33 GMT

@CC365 wrote:
Congrats! The only negative thing might be the 6 Inquiries if they pulled your credit 2 times on all 3 reports

And you know they did!

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 03:41:04 GMT

What IS a normal amount of hard inquiries to have on any report in a 12 month timeframe?

What is considered a BAD amount?

EQ inquiries- 2 as of today. One hitting the two year mark at beginning of Feb '13.

TU(myfico) inquiries- I think 2 or 3 with two a little over their year marks.

What would be the reason for Cap1 to deny...then a couple hours later, approve? Anyone?

Re: Was Denied, then tried again and was Approved?!

jsickz32 — Thu, 13 Dec 2012 03:44:46 GMT

Maybe the reservation and access # expired because they sent you a new one?

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 03:58:21 GMT

No, that's not it. The one I first app'ed with wasn't to expire until 01/02/13.

The one that approved me that I just got in the mail today had an expiration date of 01/09/13.

I hope they stand by their word of "make 5 monthly payments on time to get limit increase", didn't have so much luck with my Citi increase today.

I have been reading horror stories with Cap1 and no increases. Think I read a guy didn't have one for 3 years and was still sitting at $500

on his Platinum.

Thanks everyone for the replies!

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 04:07:50 GMT

@Anonymous wrote:
What IS a normal amount of hard inquiries to have on any report in a 12 month timeframe?
What is considered a BAD amount?

EQ inquiries- 2 as of today. One hitting the two year mark at beginning of Feb '13.
TU(myfico) inquiries- I think 2 or 3 with two a little over their year marks.

What would be the reason for Cap1 to deny...then a couple hours later, approve? Anyone?

I have 14 in one year and have an F on creditkarma.......

Re: Was Denied, then tried again and was Approved?!

sphinx313 — Thu, 13 Dec 2012 04:07:58 GMT

I probably wouldn't question/worry about it. Good job re-applying, I don't think most people would do that and it turned out great for you.

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 04:34:33 GMT

hey as long as your happy that it cost you 6 HP's for a 500cl card

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 04:44:29 GMT

@Anonymous wrote:

and I had just read a new thread on here about making sure to app all in one day so the CRA's see it all as one inquiry or something.

This is def not true. The only time it should count as one inquiry is if its a dealer running your credit for an auto loan a million times for an approval

Re: Was Denied, then tried again and was Approved?!

CreditWorld2013 — Thu, 13 Dec 2012 05:04:49 GMT

@Anonymous wrote:
@Anonymous wrote:

and I had just read a new thread on here about making sure to app all in one day so the CRA's see it all as one inquiry or something.

This is def not true. The only time it should count as one inquiry is if its a dealer running your credit for an auto loan a million times for an approval

+1. It is also possible that sometimes people get away with it when joining a Credit Union(Some will use the same pull for membership to check for credit products) or on rare occasions some slip through the cracks with Amex, Chase, etc.

Re: Was Denied, then tried again and was Approved?!

daybreakgonesXe — Thu, 13 Dec 2012 05:07:48 GMT

@Anonymous wrote:
Went for a Cap1 Platinum MC pre-approved offer I had. I actually received one a week ago and another two-three weeks ago.

I went to apply and put in the most current one's reservation # and access code.
Filled out all the application info.
Name, address, email, phone, social, income, monthly rent amount, employment status,
if I had any checking or savings accounts.
This was around 2:30 PM today.
Submitted and received we could not approve you at this time. You will be receiving information in the mail at the
address provided.
It also said, "you may not be able to apply for a Capital One credit card for the next 45 days after arrival of letter,
which will arrive in 7-10 days."

I went to work, and afterwards grabbed the mail...had the SAME offer that I just got denied for in the box.

I thought to myself, well they didn't say I COULDN'T apply again, just that I may not be able to,
and I had just read a new thread on here about making sure to app all in one day so the CRA's see it all as one inquiry or something.
Re-applied, used the new pre-approved reservation and access #'s, same exact app info as I had previously inputted today.

Approved. $500 limit, which was what I was expecting, considering this customized offer, but the regular card has a minimum $300 limit.

Does anyone know if I could get in trouble for this? Is this one of those things that just happen?

Strange o.O maybe they saw something more about you on the second mailer that helped bump you compared to the first mailer when compared with your current report? Either way, at least it worked out!!

Re: Was Denied, then tried again and was Approved?!

Shogun — Thu, 13 Dec 2012 05:08:10 GMT

End result = congrats!

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 05:19:07 GMT

So if its only Cap1 that pulls from all 3 CBs,
should I maybe not have gone with the pre-approval, but possibly the Cash rewards or Venture since minimum limit is 3k for those cards?
I don't feel like it will harm my scores with 6 inquiries, but I am wondering about this Cap1 Furniture Row card Im acquiring as an AU. Will they have an issue with that?

Re: Was Denied, then tried again and was Approved?!

Anonymous — Thu, 13 Dec 2012 05:20:00 GMT

lol this is actually something new. An approval is very good so congrats anyway!!

Re: Was Denied, then tried again and was Approved?!

Shogun — Thu, 13 Dec 2012 05:20:16 GMT

Grab a seedling and put it in the garden for 6 months. Let this grow a bit.

Re: Was Denied, then tried again and was Approved?!

CreditWorld2013 — Thu, 13 Dec 2012 05:30:38 GMT

@Anonymous wrote:
So if its only Cap1 that pulls from all 3 CBs,
should I maybe not have gone with the pre-approval, but possibly the Cash rewards or Venture since minimum limit is 3k for those cards?
I don't feel like it will harm my scores with 6 inquiries, but I am wondering about this Cap1 Furniture Row card Im acquiring as an AU. Will they have an issue with that?

It's impossible to say without knowing more of your current credit standing. At this point it seems unlikley with 6 inquiries and all from Capital One (that would spook them) Also they probably won't have an issue with the authorized user card. If you want help with your credit path post a bit more info like Age of accounts, Limits, Utilization, negatives, etc. Without that info I would say garden the new card.

Re: Was Denied, then tried again and was Approved?!

creditnocash — Thu, 13 Dec 2012 12:31:58 GMT

@Anonymous wrote:
@Anonymous wrote:
What IS a normal amount of hard inquiries to have on any report in a 12 month timeframe?
What is considered a BAD amount?

EQ inquiries- 2 as of today. One hitting the two year mark at beginning of Feb '13.
TU(myfico) inquiries- I think 2 or 3 with two a little over their year marks.

What would be the reason for Cap1 to deny...then a couple hours later, approve? Anyone?
I have 14 in one year and have an F on creditkarma.......

well i hope you have an a then (with 20+ accounts open)