topic Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL in Credit Card Approvals

CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

CreditNoob — Sat, 19 Oct 2024 16:31:09 GMT

I just got approved for the SavorOne with a SL of $300 (which is the best card that I have ever gotten). As I was reading the Account Opening Disclosures documents that followed my approval I saw that it stated that my crdit score was 587 on experian which is not correct. My signature has my current credit scores and they are higher then the number they stated. With that in mind would it be possible to reach out to them to recondider my starting limit?

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

Jnbmom — Sat, 19 Oct 2024 16:38:08 GMT

Duplicate

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

Jnbmom — Sat, 19 Oct 2024 16:37:20 GMT

That's probably capital one's internal scoring system .

Honestly 300SL you barely qualified , and they don't recon.

Charge it up pay it off rinse and repeat.

That's a bucketed card limit may not really grow that high, you may get 100CLIs in time .

they also pull all 3 reports .

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

GZG — Sat, 19 Oct 2024 16:43:15 GMT

@CreditNoob wrote:
I just got approved for the SavorOne with a SL of $300 (which is the best card that I have ever gotten). As I was reading the Account Opening Disclosures documents that followed my approval I saw that it stated that my crdit score was 587 on experian which is not correct. My signature has my current credit scores and they are higher then the number they stated. With that in mind would it be possible to reach out to them to recondider my starting limit?

you're likley seeing experian FICO 3, I've seen that used recently from cap1 VX pre-approval denials

on the experian/myfico site, can you see your FICO 3 and see if that's the same score?

they won't recon your limit, at 6 months you'll likely be able to ask for a CLI which you will probably get a $100 CLI

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

HereHaveSomeCredit — Sun, 20 Oct 2024 00:13:40 GMT

Congrats on the new card!

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

CreditNoob — Sun, 20 Oct 2024 04:54:52 GMT

@GZG you were right on they used my FICO 3 score it was an exact match. I thought credit card companies used FICO 8 or FICO 9 only I am supprise they are using an older model. I never paid attention to FICO 3 until today.

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

Tiggr — Sun, 20 Oct 2024 05:22:31 GMT

SavorOne is definitely one of their better cards so treat it good and hopefully they'll raise it a little, but don't expect too much from C1. Congrats!

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

mgood — Sun, 20 Oct 2024 12:38:09 GMT

@CreditNoob wrote:
@GZG you were right on they used my FICO 3 score it was an exact match. I thought credit card companies used FICO 8 or FICO 9 only I am supprise they are using an older model. I never paid attention to FICO 3 until today.

Capital One is odd. I believe they look at Equifax FICO 5, TransUnion FICO 4, and Experian FICO 3. Those are old mortgage scores, but Cap1 is about the only place that uses FICO 3, so it gets lumped in with credit card scores now.

Yes, most cedit card places look at FICO 8 or 9 or Bankcard 8 or Bankcard 9 - or some, like Chase, use their own internal scores. Cap1 marches to a different drummer, on a different field, with one shoe on and one shoe off.

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

cashorcharge — Sun, 20 Oct 2024 18:18:55 GMT

That’s Terrific!! Congratulations on your Approval!!👏🏼🍾🥂

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

NoMoreDebt — Sun, 20 Oct 2024 23:07:22 GMT

Congrats

Re: CAP1 APPROVAL FOR SAVOR ONE REWARDS FOR GOOD CREDIT $300 SL

CreditAggie — Mon, 02 Dec 2024 03:55:07 GMT

Congratulations on your Cap1 approval!