topic Capital One Declined in Credit Card Applications

Capital One Declined

Creditaddict — Thu, 23 Jun 2016 05:14:01 GMT

Interesting as many of you know a few months back Capital One had locked my accounts for "security concerns" and in the end closed my personal QS but re-opened my 2 Spark Business Cards because of adding AU.

My denial states:

The reason(s) for our decision are: • Based on your application information, we observed activity on a prior Capital One account that is not consistent with our expectations for account usage or the terms of the account agreement

I find it a little funny you can burn Cap1 with unpaid collections or a BK and they have no issue but add some AU that never charge or have access to the account and that crosses the boundaries with them! LOL

Re: Capital One Declined

Anonymous — Thu, 23 Jun 2016 05:21:15 GMT

Did they HP you?

Re: Capital One Declined

Imperfectfuture — Thu, 23 Jun 2016 05:22:12 GMT

But why add users?

Re: Capital One Declined

Anonymous — Thu, 23 Jun 2016 05:25:15 GMT

So sorry to read this CA. I can't imagine how they think. Maybe give it 6 months and try again. Sure seems to work CO's & BK's. Keeping fingers crossed for you in the future. Just so wrong!

Re: Capital One Declined

Creditaddict — Thu, 23 Jun 2016 05:26:16 GMT

@Anonymous wrote:
Did they HP you?

Yes, They did. Luckily I applied for a Sony card that just pulls 1 report.

Re: Capital One Declined

Creditaddict — Thu, 23 Jun 2016 05:26:38 GMT

@Imperfectfuture wrote:
But why add users?

Does it matter?

Re: Capital One Declined

Anonymous — Thu, 23 Jun 2016 05:28:39 GMT

Should not matter. My hubby adds me and I add him. Whats the difference?

Re: Capital One Declined

CatOfSpades — Thu, 23 Jun 2016 05:36:12 GMT

Not consistent with their expectatations? That is so weird! I never knew weird things like this happened until I joined the forums.

Re: Capital One Declined

Imperfectfuture — Thu, 23 Jun 2016 05:36:49 GMT

@Creditaddict wrote:
@Imperfectfuture wrote:
But why add users?
Does it matter?

It did to them. Somehow, you allowed the closings as part of the negotiation process. The users do not use the card. Why add them, unless it is to build up their score? The factor may also come into play when you have business cards. They want employees (or whatever) on those cards. Just as an off chance, do you add the AU's to any other prime bank cards? Chase has been cracking down on the fake users added for bonus purposes. You do know about the other side, hence I do not bring it up.

Nothing personal, you are great contributor, and like to app. But with score decrease due to new cards, you understand risks involved. Rare is the AA from cap one. Public board, my personal opinion.

Re: Capital One Declined

B335is — Thu, 23 Jun 2016 05:55:16 GMT

Amazing. Like you said Cap1 is typically so forgiving of people that burn them and that wasn't even the case for you. Glad you only took 1 HP for this one

Re: Capital One Declined

Anonymous — Thu, 23 Jun 2016 10:30:44 GMT

Hey CA!

Sorry for your troubles. Are you trying to re-establish a relationship with Cap1?

Re: Capital One Declined

Anonymous — Thu, 23 Jun 2016 11:54:08 GMT

@Creditaddict wrote:
@Imperfectfuture wrote:
But why add users?
Does it matter?

Apparently, with regards to you and your active profile C1 seems to strongly think so.

Re: Capital One Declined

Anonymous — Thu, 23 Jun 2016 11:55:40 GMT

@CatOfSpades wrote:
Not consistent with their expectatations? That is so weird! I never knew weird things like this happened until I joined the forums.

and.....if you never have CA's level of activity then you never will.

Re: Capital One Declined

mattmyFIC0 — Thu, 23 Jun 2016 12:29:50 GMT

@Creditaddict wrote:
@Anonymous wrote:
Did they HP you?
Yes, They did. Luckily I applied for a Sony card that just pulls 1 report.

Was it EQ? I've had them only pull one before when I applied for the Saks card/ Saks MC.

Re: Capital One Declined

Creditaddict — Thu, 23 Jun 2016 15:35:06 GMT

@mattmyFIC0 wrote:
@Creditaddict wrote:
@Anonymous wrote:
Did they HP you?
Yes, They did. Luckily I applied for a Sony card that just pulls 1 report.
Was it EQ? I've had them only pull one before when I applied for the Saks card/ Saks MC.

yes

Re: Capital One Declined

Creditaddict — Thu, 23 Jun 2016 15:36:19 GMT

@Anonymous wrote:
@Creditaddict wrote:
@Imperfectfuture wrote:
But why add users?
Does it matter?
Apparently, with regards to you and your active profile C1 seems to strongly think so.

my point was it has nothing to do with my credit report... it's just past relationship with them.

but i have 2 open business accounts... just found it curious that they are going to block me from a new personal account... but how long? they don't block people that have burned them once discharge happens or like 6 months have past... that's all.

Re: Capital One Declined

Imperfectfuture — Thu, 23 Jun 2016 15:37:56 GMT

@Creditaddict wrote:
@Anonymous wrote:
@Creditaddict wrote:
@Imperfectfuture wrote:
But why add users?
Does it matter?
Apparently, with regards to you and your active profile C1 seems to strongly think so.
my point was it has nothing to do with my credit report... it's just past relationship with them.
but i have 2 open business accounts... just found it curious that they are going to block me from a new personal account... but how long? they don't block people that have burned them once discharge happens or like 6 months have past... that's all.

To answer that question, I would contact EO. BUT, why not wait a year, then contact before app?

Re: Capital One Declined

Creditaddict — Thu, 23 Jun 2016 15:45:24 GMT

@Imperfectfuture wrote:
@Creditaddict wrote:
@Anonymous wrote:
@Creditaddict wrote:
@Imperfectfuture wrote:
But why add users?
Does it matter?
Apparently, with regards to you and your active profile C1 seems to strongly think so.
my point was it has nothing to do with my credit report... it's just past relationship with them.
but i have 2 open business accounts... just found it curious that they are going to block me from a new personal account... but how long? they don't block people that have burned them once discharge happens or like 6 months have past... that's all.
To answer that question, I would contact EO. BUT, why not wait a year, then contact before app?

Yeah, I'm not reaching out to anyone.

Re: Capital One Declined

RonM21 — Thu, 23 Jun 2016 21:25:07 GMT

Sorry to hear. This is just another data point that I'll try to remember, as far as what possible outcomes can happen in different scenarios. This is a different one I hadn't heard before though.