topic Re: Cap One Secured Card in Credit Card Approvals

Cap One Secured Card

WorkingHard56 — Tue, 23 Apr 2019 15:45:12 GMT

I was just approved for the Cap One Secured Card with a $99 dollar deposit.

Not something to jump up and down about but I know people love data points or at least I do.

They pulled TU and EQ.

TU - 540 / 7 INQUIRES / 4 COLLECTIONS
EQ - 620 - 1 Inquiry / 0 collections

The past few months I went from mid 400s to where I stand now.

I have an Amazon Secured Card - 150 limit
Wayfair card - 750 limit
Open sky- 200 limit
Credit Strong account
Car note.

By June the collections will either be PFD or at least paid.

My uti is 1%

Income 73k.

Re: Cap One Secured Card

pinkandgrey — Tue, 23 Apr 2019 16:26:22 GMT

It’s totally something to jump up and down about. GET EXCITED!!! Any approval is fantastic and that card will help you astronomically when it comes to getting prime cards later on.

WHOOOOOO!!!!

Re: Cap One Secured Card

Anonymous — Tue, 23 Apr 2019 17:25:25 GMT

Congrats! 🍾
I'd wait & not apply for anymore right now... let these cards age a bit then Once you handle your collections and your scores improve a little more... you could try prequels for Capital one, discover or Amex and see what pops up.

Re: Cap One Secured Card

WorkingHard56 — Tue, 23 Apr 2019 20:14:10 GMT

Thank you so much. You guys really are the best here. So motivating.

Re: Cap One Secured Card

WorkingHard56 — Tue, 23 Apr 2019 20:31:39 GMT

Yup. That is exactly the game plan. I wanted at least 2 non store cards.

Hopefully once I knock out some of the collections , new avenues will open for me.

Re: Cap One Secured Card

Anonymous — Tue, 23 Apr 2019 21:49:24 GMT

@WorkingHard56 wrote:

I was just approved for the Cap One Secured Card with a $99 dollar deposit.

Not something to jump up and down about but I know people love data points or at least I do.

I disagree. Jump up and down. Celebrate. You're making progress to get to *good* credit. Holding on to the Cap1 card, graduating it, and *keeping* it is a great way to build. I went from foreclosure and i-don't-know-how-low-fico-got to 700s in a few short years, and as soon as util is down a wee bit, that'll go up more. So celebrate. Seriously.

Re: Cap One Secured Card

tbque — Tue, 23 Apr 2019 23:10:49 GMT

Awesome, congrats and please celebrate your accomplishment! Any approval is a BIG deal!