topic Re: Cap1 Approved me for 2! in Credit Card Approvals

Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 04:23:36 GMT

I'm in the rebuilding phase and I didn't receive an impressive limit, but it's AWESOME FOR ME!

I went to the pre-qual site and they suggested I app for the platinum and QS! So I did and to my surprise, I was approved for both cards. I'm ecstatic as I'm hoping to refi my car in march and I planned on going with cap 1. Now I'll have a better relationship since I'll be adding two of their cards to go with my chx and savings. I received a 100 limit for the platinum which I think is their new product which gives you a 500 limit after 5 on time payments. I was approved for 300 with QS1. I only had one inq for tu but 2 on Eq so I think I might need to call cap one and see if they can remove one of the dbls.

These items are already showing up on my cap one app and I can't wait to receive this plastic around Christmas. Probably be one of the best gifts I've given to myself

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 04:25:21 GMT

Congratulations! I was where you are now, not that long ago. The future is bright. Take very good care of those accounts. You're in!

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 12:25:50 GMT

Congrats to you! Cap one gave me my start on the road to rebuilding. I will always be grateful!

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 14:09:13 GMT

Thats exactly how I got started Cap 1 was the only CC company to take a chance on me. They started me with a Cap 1 Platinum in April 2015 Upgraded me to QS with $300 CL. Three months in after making payments on time I requested a CLI they gave me $500 more then in October 2015 completed Credit Steps and $500 more. They are a great company and will do wonders for your CR. Best of Luck and Enjoy Your Holidays !!

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 14:35:40 GMT

Congratulations! I'm so grateful for Cap1. I'm rebuilding as well and both of my unsecured cards are Platinum and Quicksilver. I need a store card now but want to apply for one that I'll know I can get.

Re: Cap1 Approved me for 2!

galahad15 — Thu, 17 Dec 2015 14:48:57 GMT

Congrats!

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 14:49:48 GMT

I would try some of the store cards through Synchrony Bank. They are very generous and often willing to help rebuilders. You can find a complete list on wallethub by typing in list of synchrony cards on a google search. WalletHub seems to list the majority of cards plus reviews of other people who got the cards .

Best of Luck

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 14:58:30 GMT

@Anonymous wrote:
Congratulations! I'm so grateful for Cap1. I'm rebuilding as well and both of my unsecured cards are Platinum and Quicksilver. I need a store card now but want to apply for one that I'll know I can get.

I have the same line up as you now, I've heard Nordstroms is easy to get and they're like a one stop shop. I'll be looking into a store card soon but I want to do a little more research since I have a nordstroms debit card (attached to my checking) it gives me rewards as well.

THanks so much everyone! It's hard talking about these things to people I know personally as they really dont understand or even take their credit seriously at a young age just turned 24. Its really nice to have this forum and support system from people all over.

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 14:59:47 GMT

@Anonymous wrote:
Thats exactly how I got started Cap 1 was the only CC company to take a chance on me. They started me with a Cap 1 Platinum in April 2015 Upgraded me to QS with $300 CL. Three months in after making payments on time I requested a CLI they gave me $500 more then in October 2015 completed Credit Steps and $500 more. They are a great company and will do wonders for your CR. Best of Luck and Enjoy Your Holidays !!

THANKS so much and happy holidays to you too!

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 15:46:52 GMT

@Anonymous wrote:
I would try some of the store cards through Synchrony Bank. They are very generous and often willing to help rebuilders. You can find a complete list on wallethub by typing in list of synchrony cards on a google search. WalletHub seems to list the majority of cards plus reviews of other people who got the cards .

Best of Luck

I've heard mixed reviews about Synchrony...some say its harder and that they're really strict and that they pull TU. I recently read that I need to have atleast a 700 TU score to qualify for synchrony accounts. I went ahead and applied for banana republic a while back and was denied. So i'm really not sure what to do for a store card

Re: Cap1 Approved me for 2!

alextercero — Thu, 17 Dec 2015 16:54:35 GMT

Congrats

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 17:40:54 GMT

Yes it's true they can be particular about cards. A year ago I applied for a Walmart Store Card and was flat out DENIED called recon still said NO WAY. My TU was around 615 and EQ was around 530 I had no EX score because file was to thin. Got discouraged to say the least. In April got my first unsecured card from Cap 1 and it only brought my score up slightly. My first attempt at Synchrony was Amazon Store Card. I got approved and was surprised I got a CL of $2100. Now I am not a credit expert by any means and I understand every member here has a different set of circumstances related to their personal credit. But I would not recommend the Amazon Visa it is not issued by Synch its actually Chase I believe might be Citi. After applying for that I decided to go on an app spree and pushed the button for Walmart. I was sure I didnt have a chance, but not only did I get the card but it was the Mastercard which some people say is harder to get, Idk if thats true or not I am not that well informed as far as their decision making whether to give a store only card or the MC.

SO far I have 7 cards from them 4 of which I got the same week and my scores were TU 701 EQ 629 EX 630 they started me at $1600 and made a couple payments and yesterday I called for a CLI and they brought me up to $6000 after 2 statemements. I know things may be different for you and I dont like to tell people to go for it and get their hopes up only to be denied. My advice is simple if you can afford and HP than pull the trigger. I found a list of the majority of their cards by googling synchrony bank credit cards and going to wallethub they have pretty much all of them including reviews. If you dont want an HP than garden for a while let your credit pick up a few points and than give it a shot. And recon I always recon and not just one time if you get denied call back. I got denied twice in one day for the Cap 1 card I called got denied called again and got approved. Be diligent but polite.

Hope this helps and I hope if you do decide to take a chance I wish you the best of luck.

My scores as of 12/17/15 TU 733 EQ 648 EX 660 $20,550 Total Credit UTIL 11% across the board

Have a Great Day and Happy Holidays

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 18:19:56 GMT

First off, Congrats to the OP!

I recently did the same thing with Cap1. Was approved for a Platinum and QS on the same day, a few hours apart. BTW these are my first CC's EVER and I'm over 50! (I was a cash only guy my my entire life.) I plan on using and paying off each month then applying for 1 more card, Barclays, in a few months. I have a couple installment loans, all on time and current. I'll be using the cards to bump my scores so I can refi both of my installment loans and get a lower interest rate. My plan is to have all my scores over 720 within a year.

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 19:14:43 GMT

That is pretty similar to me years ago when I was in my early 30's I didnt have a CC of my own, I was on my fiance's as an AU. All I had was a Wachovia (now Wells Fargo) bank Debit Card. Being an AU helped my score slightly but not enough to get my own unsecured CC. This was back in 2005. Well after the seperation I was removed from the cards and went back to my Debit Card. Now my scores were stagnent and still unable to get a card. Finally in 2007 I got a Cap 1 with a $250 CL and wasnt responsible at all ruined my credit. Along with walking away from Direct TV that hit me the hardest because when I moved she never returned the equipment to them and since it was in my name I got the collections account added to my CR.

Fast forward 2014 I opened a new account with TD Bank because she had screwed up the joint account at WF and they said I could open an account but would be limited to $300 a day in transactions on my DC and only $500 a day for ATM withdrawls. Well I said thanks but no thanks, your gonna limit me to how much access I have available in my account. This wasn't a credit card it was a Debit card linked to my checking. TD has no such restrictions.

April 2015 opened Cap 1 $300 SL completed steps now $1300 on QS and $1500 on Platinum still have AF for my QS but its only $19 a year not bad, and its my oldest active account. Cap 1 has been good to me I like my relationship with them. Just started my relationship with Synch and very happy with them. Not a huge fan of Barclays got denied twice for two different reasons I think because I folowed the steps they told me the first time than after apping again they came up with a new reason so Barclays is added to my DONT BOTHER AGAIN List along with Chase and CITI.

Got my first installment loan happy about that because now I have account mixes on my CR and they already started reporting and havent even made my first payment yet. Never realized how important and careful you have to be with credit. Hard to build and acheive success but very very easy to mess up and destroy.

Best of Luck to you

Have a Great Day

Re: Cap1 Approved me for 2!

Anonymous — Thu, 17 Dec 2015 19:26:04 GMT

Congratulations! Capital One helped me a lot during my rebuilding, too.

Re: Cap1 Approved me for 2!

krisssmmm — Thu, 17 Dec 2015 20:54:18 GMT

These are two greT starter cards. I got the same two this time this year, both with $300 sl and in credit steps. After credit steps my qs1 shot up to 3300 and my platinum was $1300. A year later and qs1 was pc'ed to qs with $6300limit and platinum is $3300! Use it like a debit. Pay it off constantly!

@Anonymous wrote:
I'm in the rebuilding phase and I didn't receive an impressive limit, but it's AWESOME FOR ME!
I went to the pre-qual site and they suggested I app for the platinum and QS! So I did and to my surprise, I was approved for both cards. I'm ecstatic as I'm hoping to refi my car in march and I planned on going with cap 1. Now I'll have a better relationship since I'll be adding two of their cards to go with my chx and savings. I received a 100 limit for the platinum which I think is their new product which gives you a 500 limit after 5 on time payments. I was approved for 300 with QS1. I only had one inq for tu but 2 on Eq so I think I might need to call cap one and see if they can remove one of the dbls.

These items are already showing up on my cap one app and I can't wait to receive this plastic around Christmas. Probably be one of the best gifts I've given to myself

Re: Cap1 Approved me for 2!

lincar66 — Fri, 18 Dec 2015 01:15:09 GMT

I thought it was in the terms and conditions of this new card that you can not have any other credit card with them and if you do happen to be approved they will close it withou notice.

Not trying to be a downer just a heads up

Re: Cap1 Approved me for 2!

Anonymous — Fri, 18 Dec 2015 04:00:01 GMT

@lincar66 wrote:
I thought it was in the terms and conditions of this new card that you can not have any other credit card with them and if you do happen to be approved they will close it withou notice.

Not trying to be a downer just a heads up

I don't think we're talking about the same product there. The builder card has those rules. The Platinum and QS1 don't.

Re: Cap1 Approved me for 2!

Vegas4Play — Fri, 18 Dec 2015 05:15:41 GMT

Congrats use them and they will grow.

Re: Cap1 Approved me for 2!

OmarGB9 — Fri, 18 Dec 2015 08:02:04 GMT

Grats