topic Re: Got my Cap1 QS. It came with .... in Credit Card Approvals

Got my Cap1 QS. It came with ....

Anonymous — Tue, 06 Jun 2017 20:03:20 GMT

Another offer which is the premium card. Should I apply? Is it guaranteed?

Re: Got my Cap1 QS. It came with ....

AverageJoesCredit — Tue, 06 Jun 2017 20:50:22 GMT

Whats the premium card?

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 00:56:14 GMT

Platinum

Re: Got my Cap1 QS. It came with ....

AverageJoesCredit — Wed, 07 Jun 2017 01:11:57 GMT

Im not sure anything is gauranteed in the credit world but if it shows on a Cap One prequal, i understand those are normally solid. YMMV as always. Do you need another card as i understand triple pull always by C1?

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:12:34 GMT

QS is more premium than Platinum by far. Platinum is a rebuilder card always.

Capital One generally only allows you to apply for one card every 6 months. I would call them about that offer before applying.

Platinum gives you no cash back, either, so if you already have 3 cards reporting, the Platinum card is next to useless. The only reason to get the Platinum AFTER the QS would be to merge CLs.

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:13:25 GMT

I was denied. Maybe wait 6 months

Re: Got my Cap1 QS. It came with ....

AverageJoesCredit — Wed, 07 Jun 2017 01:18:06 GMT

Thanks for clearing that up ABCD. I ll tell ya Cap One helps alot of people but seems too complicated for this average joe

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:22:28 GMT

@Anonymous wrote:
I was denied. Maybe wait 6 months

As expected, unfortunately.

Did they ding all 3 credit reports or did you luck out and they told you to wait 6 months between applications?

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:24:59 GMT

Actually they are sending me a letter as usual. But my fico scores it looks wasn't dinged maybe they saved me the pull.

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:25:12 GMT

@AverageJoesCredit wrote:
Thanks for clearing that up ABCD. I ll tell ya Cap One helps alot of people but seems too complicated for this average joe

Capital One is the most forgiving lender in history, period. They make a lot of money on "average joes" who run high balances at 24% interest that pays for their ability to take a risk with people who are less-than-average.

I'm not kidding you, I know a gal who BK'd capital one cards TWICE (I think 2-3 cards each time) and then burned them at third time with charge-offs and the last time I saw her, she had a new Capital One card. I can't imagine forgiving her 3 times, but they did it.

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:27:34 GMT

@Anonymous wrote:
Actually they are sending me a letter as usual. But my fico scores it looks wasn't dinged maybe they saved me the pull.

Let's hope! 3 dings for a denial is a lot of inquiries to stick around for 24 more months. Hopefully they just blocked the app internally before underwriting software pulled your CRs again.

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:29:16 GMT

@Anonymous wrote:
Another offer which is the premium card. Should I apply? Is it guaranteed

They did the same thing to me, or for me I should say. When I 1st started with a 500 QS, they said I was pre qualified for the other one...I took the bait and was approved for 900 on the Platinum......all in the same day.

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:32:50 GMT

Wow. Should I recon?

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:36:16 GMT

The rule for all denials is to recon UNLESS they will do another hard inquiry.

Never hurts to call the EO themselves and ask "Why did you send me an approval with my new card if you were going to deny me?"

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:54:01 GMT

So I called the EO. He was shocked of why I was giving a reference number and access code on my pre approved platinum card offer. He couldn't do anything until tomorrow morning for the application manager is out of office. Any suggestions on my upcoming phone call tomorrow?

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:57:30 GMT

Yep, be nice with them. If they can't approve you, ask them if they did any hard inquiries and if so, ask them to remove them since you were under the impression you were preapproved by their mistaken offer.

Don't push it too hard, either way.

Re: Got my Cap1 QS. It came with ....

Anonymous — Wed, 07 Jun 2017 01:58:41 GMT

Good advice. I will thanks.

Re: Got my Cap1 QS. It came with ....

Aduke1122 — Wed, 07 Jun 2017 18:58:08 GMT

The rules have changed in the last year with Cap One you can only open ONE account within a 6 mth time frame , that is why you got the denial , you should not even see a Hp bc the app would have been denied internally right off the bat

Re: Got my Cap1 QS. It came with ....

Aduke1122 — Wed, 07 Jun 2017 18:58:31 GMT

The only thing you can do is wait until your current card turns 6 mths old and then app again