topic Re: Cap One Recon after BK Discharge in Credit Card Applications

Cap One Recon after BK Discharge

Bill2265 — Thu, 16 Feb 2017 19:43:19 GMT

Got my discharge a few days ago and applied for Capital One $39 annual fee card. Got declined online so I recon and the she told they were sending it to the back office for review and could take up to 3 weeks! Anyone else have this happen?

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Re: Working my Rebuild!

Scupra — Thu, 16 Feb 2017 17:44:39 GMT

@Bill2265 wrote:
Got my discharge a few days ago and applied for Capital One $39 annual fee card. Got declined online so I recon and the she told they were sending it to the back office for review and could take up to 3 weeks! Anyone else have this happen?

This is very normal for Cap1

Re: Cap One Recon after BK Discharge

Anonymous — Fri, 17 Feb 2017 00:31:34 GMT

@Bill2265 wrote:
Got my discharge a few days ago and applied for Capital One $39 annual fee card. Got declined online so I recon and the she told they were sending it to the back office for review and could take up to 3 weeks! Anyone else have this happen?

Mod Edit--we have started a new thread for your topic and placed in the appropriate Forum; the title was updated to reflect the new topic and you may edit. --SE

Capital One was included in my BK and as such I was declined until I was 1 year post discharge. That used to be in their terms, but that may have changed.

Re: Cap One Recon after BK Discharge

Anonymous — Fri, 17 Feb 2017 00:33:54 GMT

@Bill2265 wrote:
Got my discharge a few days ago and applied for Capital One $39 annual fee card. Got declined online so I recon and the she told they were sending it to the back office for review and could take up to 3 weeks! Anyone else have this happen?

Mod Edit--we have started a new thread for your topic and placed in the appropriate Forum; the title was updated to reflect the new topic and you may edit. --SE

They usually do not overturn a denial.

Re: Cap One Recon after BK Discharge

abbafan — Fri, 17 Feb 2017 15:04:03 GMT

How did you recon with Capital One? They don't have a recon number.

Re: Cap One Recon after BK Discharge

fltireguy — Fri, 17 Feb 2017 16:17:05 GMT

You have to email the EO

Re: Cap One Recon after BK Discharge

Anonymous — Fri, 17 Feb 2017 20:52:19 GMT

@fltireguy wrote:
You have to email the EO

That won't work either. They won't over turn a denial.

Re: Cap One Recon after BK Discharge

Aduke1122 — Fri, 17 Feb 2017 20:30:31 GMT

I recently seen someone who turned a denial due to Bk into an approval with Cap One

Re: Cap One Recon after BK Discharge

Anonymous — Fri, 17 Feb 2017 20:51:41 GMT

@Aduke1122 wrote:
I recently seen someone who turned a denial due to Bk into an approval with Cap One

I'm sure anything is possible.

Someone always wins the Powerball too. Even though the odds are one in two hundred ninety two million.

Keep us updated OP.

Re: Cap One Recon after BK Discharge

Aduke1122 — Fri, 17 Feb 2017 21:12:30 GMT

That's true , I have seen a few threads lately about Cap one Recon successes , which I thought they absolutely didn't entertain Recons at all , But you are right 😂😂

Re: Cap One Recon after BK Discharge

fltireguy — Fri, 17 Feb 2017 21:48:21 GMT

I had a denial a year ago. Emailed the EO. Turned into an approval. YMMV

Re: Cap One Recon after BK Discharge

fltireguy — Fri, 17 Feb 2017 21:52:06 GMT

I should add (can't edit the post because I'm on my phone) that I had a secured card with them for 18 months with a perfect payment history, as well as a (then) 2 year old auto loan with no lates. Apples for an unsecured card and was denied. Emailed EO, and they called me back within 2 business days. Had a nice talk with them about my reports, and recent payment history, and was approved within a few days for a $500 QS1, went to $1.5k in 3 months and $2k at 6 months. The ONLY reason that I still have the card is that they have been more than fair with me overall.

Re: Cap One Recon after BK Discharge

Scupra — Sat, 18 Feb 2017 04:08:27 GMT

There is always an exception to the rule! Nothing wrong with trying to be the exception

Re: Cap One Recon after BK Discharge

Anonymous — Tue, 18 Jul 2017 19:02:54 GMT

Got my Chp. 7 discharge last month. Applied for the cap one platinum and credit one visa on the same day, scores were real low and I included high balance cap one in BK so figured they would deny. They did but credit one approved (of course). C1 sent me a letter asking me to send any additional information if I would like them to reconsider. So I replied with my own letter explaining why I had to file bankruptcy and that my payment history for the years prior to filing was excellent. Just got an e-mail today saying my new card was shipped. Does not give any other information about limit or anything, (I'm sure it's probably low) but it's an unsecured card, so I can cancel the credit one when it gets here, since I really didn't want it anyway!

They did not pull my credit with the first denial, probably on auto deny cause the bankruptcy info. EQ, TU, and EX are all reporting a hard pull from them a few days before I got the e-mail.

So long story short, a month out of BK and with them included, they did recon.

Filed BK7: 3/2017 Discharge 6/2017
575 EQ FICO 7/2017
500 TU FICO 7/2017
530 EX FICO 7/2017

Re: Cap One Recon after BK Discharge

Scupra — Tue, 18 Jul 2017 21:57:25 GMT

@Anonymous wrote:
Got my Chp. 7 discharge last month. Applied for the cap one platinum and credit one visa on the same day, scores were real low and I included high balance cap one in BK so figured they would deny. They did but credit one approved (of course). C1 sent me a letter asking me to send any additional information if I would like them to reconsider. So I replied with my own letter explaining why I had to file bankruptcy and that my payment history for the years prior to filing was excellent. Just got an e-mail today saying my new card was shipped. Does not give any other information about limit or anything, (I'm sure it's probably low) but it's an unsecured card, so I can cancel the credit one when it gets here, since I really didn't want it anyway!

They did not pull my credit with the first denial, probably on auto deny cause the bankruptcy info. EQ, TU, and EX are all reporting a hard pull from them a few days before I got the e-mail.

So long story short, a month out of BK and with them included, they did recon.

Filed BK7: 3/2017 Discharge 6/2017
575 EQ FICO 7/2017
500 TU FICO 7/2017
530 EX FICO 7/2017

I would say to keep the Credit One reporting until your next AF hits. No reason to close it right away if you aren't paying fees.

Re: Cap One Recon after BK Discharge

Anonymous — Tue, 18 Jul 2017 22:50:45 GMT

The Credit One card has an annual fee of 75$ but I don't think they charge that until the card is activated or you have had it for a certain period. I will read the papers when they come in to see how long I have.

Re: Cap One Recon after BK Discharge

Anonymous — Wed, 19 Jul 2017 09:00:39 GMT

@Anonymous wrote:
The Credit One card has an annual fee of 75$ but I don't think they charge that until the card is activated or you have had it for a certain period. I will read the papers when they come in to see how long I have.

First of all, congratulations on both a great recon, and sharing a great and timely data point!

I have a friend that just got a Credit One, and it seems the $75 came on the first bill($25 minimum payment), so you were likely right about after activation. You may wish to consider if having an extra card open for a year may be worth the $75, as it would put you closer to the optimal amount of cards, as well as giving you a larger total credit line.