topic Re: Ugh... Capital One in Credit Card Approvals

Ugh... Capital One

TRC_WA — Thu, 26 Jan 2023 21:10:44 GMT

For the last year since BK 13 discharge I've been checking the Cap One prequal link once a month and have seen nothing but secured offers which I passed on... not surprising since I burned them.

Today I see an offer for the Quicksilver 1.5% cash back so I apply hoping for a nice limit and got $500.

Thanks Cap One for letting me back in the door with such a garbage limit. You just became my lowest limit card.

Re: Ugh... Capital One

CreditAggie — Thu, 26 Jan 2023 21:22:18 GMT

Congratulations on your Quicksilver approval! A $500 SL is better than an outright denial.

Re: Ugh... Capital One

TRC_WA — Thu, 26 Jan 2023 21:32:33 GMT

@CreditAggie wrote:
Congratulations on your Quicksilver approval! A $500 SL is better than an outright denial.

Oh absolutely. I was just hoping for at least $1000 or so but given that they were burned I am very much appreciative to have another opportunity. I'm well aware that they can be generous with the CLIs if you use the card... so that's what I'm gonna do.

Re: Ugh... Capital One

JoeRockhead — Thu, 26 Jan 2023 21:34:35 GMT

Congratulations on CAP1 cracking the door open for you again!

Re: Ugh... Capital One

cashorcharge — Fri, 27 Jan 2023 00:43:29 GMT

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

Re: Ugh... Capital One

LADave — Fri, 27 Jan 2023 01:00:31 GMT

@TRC_WA wrote:
For the last year since BK 13 discharge I've been checking the Cap One prequal link once a month and have seen nothing but secured offers which I passed on... not surprising since I burned them.

Today I see an offer for the Quicksilver 1.5% cash back so I apply hoping for a nice limit and got $500.

Thanks Cap One for letting me back in the door with such a garbage limit. You just became my lowest limit card.

Congratualtions on getting back in with Capital One! A win is a win. You probably won't get very high CLIs with that account, but it is likely to go up later this year if you use it and pay it off regualrly. And it does set you up for better cards with them down the road.

Re: Ugh... Capital One

NoMoreDebt — Fri, 27 Jan 2023 01:11:55 GMT

congrats on the cap 1

Re: Ugh... Capital One

TRC_WA — Fri, 27 Jan 2023 02:11:05 GMT

@LADave wrote:
Congratualtions on getting back in with Capital One! A win is a win. You probably won't get very high CLIs with that account, but it is likely to go up later this year if you use it and pay it off regualrly. And it does set you up for better cards with them down the road.

You're right... a win is a win.

I've still got another 6-12 months of feeling the sting from the 2017 bankruptcy so I have some time to rebuild the relationship in hopes of better cards down the road. I'm not planning on applying for anything else. I've rebuilt a solid profile in the last 18 months... nothing to do now but wait.

Re: Ugh... Capital One

TMDSCT — Fri, 27 Jan 2023 03:23:23 GMT

CrapitalOne is the absolute worst and they love those $500 SL's. Hopefully you can get a CLI in 6 months.

Re: Ugh... Capital One

KingRue8500 — Fri, 27 Jan 2023 10:23:51 GMT

Congrats on your Capital One Quicksilver Rewards approval

Re: Ugh... Capital One

bigseegar — Fri, 27 Jan 2023 12:56:57 GMT

Congrats on teh approval. Sadly though at only $500 thats a bucketed card too. Cap1 just sucks

Re: Ugh... Capital One

willwar14 — Fri, 27 Jan 2023 13:38:52 GMT

Cap one makes no sense to me. I just burned them for $18k in my CH7 and they let me back in with a $3k approval on the QS card.

Re: Ugh... Capital One

TRC_WA — Fri, 27 Jan 2023 16:16:41 GMT

@bigseegar wrote:
Congrats on teh approval. Sadly though at only $500 thats a bucketed card too. Cap1 just sucks

Hahah... yeah. Nothing I'm worried about just glad to be back in the door. I'm sure I'll get CLIs if I put a lot of spending on the card.. and at least it's 1.5% CB vs something like the Plat with no rewards at all.

@willwar14 wrote:
Cap one makes no sense to me. I just burned them for $18k in my CH7 and they let me back in with a $3k approval on the QS card.

It makes perfect sense...it's Cap One. You didn't pay them back a nickel and got $3k.

They did in fact get back some of the money I burned them for via my Ch 13 payments... and I got $500.

Re: Ugh... Capital One

Scottisthename — Fri, 27 Jan 2023 20:33:12 GMT

It truly does not make sense. I have a charge off for $2300 from them showing on 2/3 bureaus it is coming up on seven years. In the past year they have approved me for Wal-Mart MC $2k raised to $2.5 at six months and the. last month for Savor1 $3k

I will say my foot back in the door with them started about 20 months with a $500 QS1 that I closed at one year because they wouldn't waive the $39 fee

Re: Ugh... Capital One

TRC_WA — Fri, 27 Jan 2023 20:18:53 GMT

@Scottisthename wrote:

I will say my foot back in the door with them started about 20 months with a $500 QS1 that I closed at one year because they wouldn't waive the $39 fee

Yeah I will give them some credit... at least the $500 card they gave me is a regular QS with no AF. I know how they operate... run a bunch of money through the card and they'll give CLIs. So that's the plan...

Re: Ugh... Capital One

FinStar — Fri, 27 Jan 2023 21:19:37 GMT

I think you jinxed yourself with all that sass about PenFed 😂😂 Ahhhh the cosmic credit forces 🪄 At least an approval 🤷‍♂️

Re: Ugh... Capital One

TRC_WA — Fri, 27 Jan 2023 21:33:01 GMT

@FinStar wrote:
I think you jinxed yourself with all that sass about PenFed 😂😂 Ahhhh the cosmic credit forces 🪄 At least an approval 🤷‍♂️

@FinStar Yeah I probably did...

I wish I was kidding but I'm not. I have never been so more annoyed with a bank/CU than I have been with PenFed... from their garbage website to their preapproval/denials. The only reason I haven't closed my accounts entirely is because I have a 0% offer on my gold card that I'm currently taking advantage of.

As for Cap One... the $500 SL is frustrating but I know it will grow with use... and at least it's a 1.5% CB card with no AF. It could have been a lesser card with no rewards at all so that's also a win. Not the biggest fan of Cap One but with my reports going clean in the next 6-12 months I have greener pastures to look forward to with all my creditors... and my new NFCU CashRewards card is my new favorite.

Re: Ugh... Capital One

mgood — Sun, 29 Jan 2023 22:02:33 GMT

Congrats.

@TRC_WA wrote:
You just became my lowest limit card.

They've been my lowest limit card since 2015.

Re: Ugh... Capital One

Keyluv44 — Mon, 30 Jan 2023 00:50:04 GMT

@TRC_WA wrote:
For the last year since BK 13 discharge I've been checking the Cap One prequal link once a month and have seen nothing but secured offers which I passed on... not surprising since I burned them.

Today I see an offer for the Quicksilver 1.5% cash back so I apply hoping for a nice limit and got $500.

Thanks Cap One for letting me back in the door with such a garbage limit. You just became my lowest limit card.

Congratulations 🎉

Re: Ugh... Capital One

Anonymalous — Mon, 30 Jan 2023 13:08:57 GMT

@TRC_WA wrote:
@bigseegar wrote:
Congrats on teh approval. Sadly though at only $500 thats a bucketed card too. Cap1 just sucks
Hahah... yeah. Nothing I'm worried about just glad to be back in the door. I'm sure I'll get CLIs if I put a lot of spending on the card.. and at least it's 1.5% CB vs something like the Plat with no rewards at all.

My QS recently went from $300 to $3,300. It was an automatic CLI, which they gave me just a few days after they denied my last manual request. Took about 6 months of high spend.

Which is one advantage of a low limit: It doesn't require a lot of effort to use a lot of the CL