topic Re: Cap1 denial, should I ask for a recon? in Credit Card Applications

Cap1 denial, should I ask for a recon? UPDATE: Approved!

Anonymous — Mon, 06 Mar 2017 20:58:42 GMT

Cap1 denied me for a CC a few days back because I didn't have a checking or savings account. Coincidentally I was in the process of opening both, so I did things backwards. I now have both opened, so should I ask for a recon or do I need to try applying for a CC all over again? I'm unsure if my opening the accounts after application date is still reason to deny me?

Thanks!

Re: Cap1 denial, should I ask for a recon?

Aduke1122 — Mon, 20 Feb 2017 19:38:23 GMT

Wow is this new ? Both my fiancé and I have multiple ccs with them and no banking relationship at all ..accts opened in the last year or so

Re: Cap1 denial, should I ask for a recon?

Aduke1122 — Mon, 20 Feb 2017 19:39:13 GMT

Are you certain that was the reason for your denial also ?

Re: Cap1 denial, should I ask for a recon?

Anonymous — Mon, 20 Feb 2017 19:45:30 GMT

I think OP was saying they didn't have a bank account at all, not just with Capital One.

Re: Cap1 denial, should I ask for a recon?

Aduke1122 — Mon, 20 Feb 2017 20:01:41 GMT

Ahhh OK sorry I misunderstood that

Re: Cap1 denial, should I ask for a recon?

Anonymous — Mon, 20 Feb 2017 20:15:48 GMT

Sorry, yes. I didn't have a checking or savings account whatsoever, so Cap1 said I was denied for that. I realize a request to recon doesn't hurt, just wondering if it's a waste of time since the checking/savings were opened a day or two after my application date.

Re: Cap1 denial, should I ask for a recon?

Creditplz — Mon, 20 Feb 2017 20:17:04 GMT

I was denied for not having a checking / savings back in 2011?. I called them and they asked how would I pay if I did not have a checking or savings

Re: Cap1 denial, should I ask for a recon?

Anonymous — Mon, 20 Feb 2017 20:24:48 GMT

I see their point, though I've done fine w/o either and could easily pay them w/o either. Regardless, I got them. I'll send a letter, like they say to do, asking for a recon.

Re: Cap1 denial, should I ask for a recon?

fltireguy — Mon, 20 Feb 2017 20:52:06 GMT

Just send an email to the EO, its much easier!

Re: Cap1 denial, should I ask for a recon?

creditguy — Mon, 20 Feb 2017 21:57:51 GMT

Cap One does not recon denied applications. You can always try your luck with the EO, but I'd say the odds are against a successful recon in that format as well. I'd simply reapply at a later time when your all set up with your banking accounts.

Re: Cap1 denial, should I ask for a recon?

Anonymous — Mon, 20 Feb 2017 22:06:12 GMT

My mistake! Thanks. I assumed (I know, I know) by their letter saying I could write this address that that was their offer to recon. I figured I could provide my bank information (to an extent) so they could possibly approve me. I'll leave it be then.

Re: Cap1 denial, should I ask for a recon?

creditguy — Mon, 20 Feb 2017 22:29:36 GMT

@Anonymous wrote:
My mistake! Thanks. I assumed (I know, I know) by their letter saying I could write this address that that was their offer to recon. I figured I could provide my bank information (to an extent) so they could possibly approve me. I'll leave it be then.

Well there is certainly nothing wrong with trying the EO route. A frontline CSR Recon is a no go though. I'd try the Recon at EO and see what happens before you waste another triple pull by reapplying, they may do another triple pull at the EO level though if they decide to take up your case. If you do decide to reapply, I'd wait at least 30 days and try again, best of luck, hope it works out in your favor one way or the other.

Re: Cap1 denial, should I ask for a recon?

Anonymous — Tue, 28 Feb 2017 22:01:08 GMT

I sent in a letter to the address on my denial letter over a week ago. I got to poking around online today and came across capital's secured funding page. For s... And giggles under customer number I put in the 17 digit number on my denial letter, then my zip and last four of ssn. It took me to a page saying I had until may 6th to fund my card. 80 days back from that date is the date I applied. Either they reconsidered and I got it, or their system allows anyone that's applied for a card to fund a card?? Not sure. I didn't fund anything, since I don't yet know if I have it. Thoughts?

Re: Cap1 denial, should I ask for a recon?

Anonymous — Tue, 28 Feb 2017 23:56:07 GMT

@Anonymous wrote:
I see their point, though I've done fine w/o either and could easily pay them w/o either. Regardless, I got them. I'll send a letter, like they say to do, asking for a recon.

You can't really pay them without checking or savings account, they state in their terms the only payments they accept by mail are checks, and phone/web are ACH checking or savings.

Re: Cap1 denial, should I ask for a recon?

Anonymous — Tue, 28 Feb 2017 23:57:20 GMT

@Anonymous wrote:
I sent in a letter to the address on my denial letter over a week ago. I got to poking around online today and came across capital's secured funding page. For s... And giggles under customer number I put in the 17 digit number on my denial letter, then my zip and last four of ssn. It took me to a page saying I had until may 6th to fund my card. 80 days back from that date is the date I applied. Either they reconsidered and I got it, or their system allows anyone that's applied for a card to fund a card?? Not sure. I didn't fund anything, since I don't yet know if I have it. Thoughts?

Call them and ask them.

Re: Cap1 denial, should I ask for a recon?

Anonymous — Wed, 01 Mar 2017 00:33:59 GMT

I called, it just says it's under review still.

Re: Cap1 denial, should I ask for a recon?

Anonymous — Wed, 01 Mar 2017 15:54:15 GMT

Hard pull this morning from Cap. We'll see..

Re: Cap1 denial, should I ask for a recon?

fltireguy — Wed, 01 Mar 2017 21:35:50 GMT

Creditguy - I successfully recommend a denial exactly a year ago thri the EO

Re: Cap1 denial, should I ask for a recon?

Anonymous — Thu, 02 Mar 2017 04:22:38 GMT

fingers crossed for you

Re: Cap1 denial, should I ask for a recon?

Anonymous — Fri, 03 Mar 2017 17:04:44 GMT

Minor update. So they did a hard pull across all three on Feb 28/Mar 1. Automated phone still says under review.

But today I took my 17 digit app ID and went to the secured funding site. It now says I need to fund by May 21st and 80 days back from that is March 2nd (you have 80 days from application to fund a secured card through them). And it now says I need to fund at least $49 for a $200 limit. That last part is new, it wasn't on there earlier this week! 👍 Hoping this means I'm approved and didn't waste a hard pull on the recon.