topic Re: Capital One Savor One Approved. in Credit Card Approvals

Capital One Savor One Approved.

citymunky — Wed, 09 Nov 2022 23:49:09 GMT

Good News: I was approved for the Capital One Savor One card with a 0% intro APR with no Annual Fee, 3% cash back on dining and groceries.

Bad News: I fell for the "Okie Doke.

After multiple emails telling that I pre-approved for the Savor One, "for the hard work in managing my credit responsibly" I bite the bullet and applied for the using the promo link. I knew I had a strong chance of getting approved based off what everyone states on here, however I thought I would be approved for CL of at least $1k....nope. I guess my profile classifies for the bucket they hide under the building. I was approved for $500, which I barely enough to cover my monthly groceries expenses for my family.

On the more positive side the Savor One will replace my CreditOne as my grocery card and I get to put CreditOne in the sock drawer for to only be used on my cell phone bill as I'm not a fan the CreditOne cash back system.

In the garden I go.

Re: Capital One Savor One Approved.

SDMarik — Wed, 09 Nov 2022 23:49:57 GMT

Congrats on the approval! It can also just come down to some factors in your file like utilization,income, etc. I would think it's too early to tell if you're in a bucket.

Re: Capital One Savor One Approved.

citymunky — Thu, 10 Nov 2022 00:21:05 GMT

Thanks.

More info. My credit UT for well over the pass year has been below 10% (normally 3% reporting). My income is over $90K (this year over $110K), but put $90 on the application.

DP. I kept my EX frozen since it My worst profile compared to TU and EQ.

Re: Capital One Savor One Approved.

coreyb80 — Thu, 10 Nov 2022 00:38:11 GMT

Congrats on the approval!

Re: Capital One Savor One Approved.

GZG — Thu, 10 Nov 2022 00:39:46 GMT

Congrats! Hopefully you'll get a nice CLI in 5-6 months.

I wonder if this whole [eek tos locking one of the bueaus] thing is more harmful than helpful to anybody but those with near-perfect credit and a skewed number of Exp inquires.

I know if I had less information, I would be more risk-adverse, not less.

Re: Capital One Savor One Approved.

CardHunter — Thu, 10 Nov 2022 01:40:46 GMT

Congrats on you new Cap One Savor card!

Re: Capital One Savor One Approved.

CYBERSAM — Thu, 10 Nov 2022 02:17:00 GMT

Congrats on another approval! You got about 10 cards in less then 2 years! May want to garden for awhile so you can get higher limit on better cards! 🌱

Re: Capital One Savor One Approved.

citymunky — Thu, 10 Nov 2022 02:50:51 GMT

@GZG

Maybe you are right, as I just got a notice from Credit Karma stating that a hard inquiry was block by TransUnion because my file was frozen. However, I unfroze my file yesterday for two days, so 🤷‍♂️.

Didn't think it was possible to Capital One to only pull one CRB and approve an account.

Re: Capital One Savor One Approved.

citymunky — Thu, 10 Nov 2022 02:54:22 GMT

@CYBERSAM

That's the plan, credits files are staying locked for at least two years.

Re: Capital One Savor One Approved.

GZG — Thu, 10 Nov 2022 03:11:00 GMT

@citymunky wrote:
@GZG

Maybe you are right, as I just got a notice from Credit Karma stating that a hard inquiry was block by TransUnion because my file was frozen. However, I unfroze my file yesterday for two days, so 🤷‍♂️.

Didn't think it was possible to Capital One to only pull one CRB and approve an account.

they must have been okay with the soft pulls that initiated them to send you that promo email, I've never seen that DP either.

Re: Capital One Savor One Approved.

fullacrobat5 — Thu, 10 Nov 2022 04:59:27 GMT

Congratulations on your capital one savor one approval!!

Re: Capital One Savor One Approved.

CreditAggie — Thu, 10 Nov 2022 05:58:41 GMT

Congratulations on your Capital One approval!

Re: Capital One Savor One Approved.

Mdowning30 — Thu, 10 Nov 2022 12:50:47 GMT

If i didnt have the Freedom Flex, the Savor One would have been the alternative for me. But i told myself im not going back to Capital One unless i get approved for the Venture X.

Also i read on helpmebuildcredit that Capital One can pull 2 bureaus but Transunion cant be frozen.

Re: Capital One Savor One Approved.

citymunky — Fri, 11 Nov 2022 00:36:50 GMT

@Mdowning30

Knowing that the SavorOne was one of Cap1s better cards, I opted to take the gamble and see. It's also a card I see myself keeping for a long time, especially that I do plan on phasing out all my subprime cards with in the next few years.

Since I don't travel on my own dime currently, none of their Venture cards are on my RADAR (not that I would get approved anyway).

I checked my EX and TU , no hard pulls. Only EQ, which it's 2 total for EQ. The other hard pull being Cap1 QuickSilver1

Re: Capital One Savor One Approved.

cashorcharge — Fri, 11 Nov 2022 00:33:34 GMT

WooHoo!! Congratulations on your Cap1 Approval!!👏🏼🍾🥂

Re: Capital One Savor One Approved.

KingRue8500 — Fri, 11 Nov 2022 00:52:28 GMT

Congrats on your Capital One SavorOne Rewards approval

Re: Capital One Savor One Approved.

Mrbinkc — Sat, 03 Dec 2022 17:27:34 GMT

Capital One sucks. I've had a Quicksilver card for 5 years with a silly $500 limit.

My credit was had heavy utilization at the time so my scores were under 600 but we have since over the course of the last 24 months paid all credit card debt off. FICO scores in the 780's. They send me a pre-approved Savor One offer. Reading the threads they say it is a World Elite card with a minimum CL of $5,000. Well I apply and get a lousy $2,000 CL.

Waste on an inquiry since I have Chase SWA $8,000, Discover $4,000, Toyota $8,000 and several others.

PERFECT payment history and 4% utilization. 6 figure income.

Capital One has lost my business. I will keep the cards for now but they will not get any of my money. I will use to fill up my tank once every quarter then pay it off while I sit at the pump.

Re: Capital One Savor One Approved.

InnoVadoR — Sat, 03 Dec 2022 23:11:05 GMT

Congrats on the approval! That's a really impressive leap in FICO scores between your starting and current. I'm working on rebuilding myself. Also, I'm pretty sure you could get a moderately hefty CLI after a month or two from what I've read around these forums.

Re: Capital One Savor One Approved.

citymunky — Sat, 03 Dec 2022 23:47:15 GMT

@Mrbinkc @In that aspect, yes, they do suck. However, the card it's self has been great so far. Currently, I am getting 10% cash back on Uber Eats and was given a free promo of Sirius XM radio. My cash back balance is quickly building as well

Re: Capital One Savor One Approved.

citymunky — Sat, 03 Dec 2022 23:52:48 GMT

@InnoVadoR @Anonymous, paying my charge off played a huge factor in getting a jump in scores. I will no doubt try to get CLI after a few months of having the card, but I'm not holding my breath it will be approved.