topic Re: Cap1 denial letter in Credit Card Applications

Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 13:27:16 GMT

Hey guys. I apped for the cap1 venture one card. please note that I already have 2 cap1 cards in good standing. I just got the letter:

Thank you for applying for a credit card issued by Capital One®. Unfortunately, after reviewing your
application and information obtained from your consumer credit report(s) from the agencies detailed
on the back of this letter - we cannot approve your request at this time.
The reason(s) for our decision are:
• Based on your credit report from Equifax, credit bureau information is missing or unavailable

• Based on your credit report from Experian, credit bureau information is missing or unavailable

• Based on your credit report from Trans Union, credit bureau information is missing or unavailable

I noticed a triple pull on my monitoring. Can anyone explain?

Edit: both of the cap1 cards I have were instapprovals as well

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 13:44:28 GMT

@Anonymous wrote:
Hey guys. I apped for the cap1 venture one card. please note that I already have 2 cap1 cards in good standing. I just got the letter:

Thank you for applying for a credit card issued by Capital One®. Unfortunately, after reviewing your
application and information obtained from your consumer credit report(s) from the agencies detailed
on the back of this letter - we cannot approve your request at this time.
The reason(s) for our decision are:
• Based on your credit report from Equifax, credit bureau information is missing or unavailable
• Based on your credit report from Experian, credit bureau information is missing or unavailable
• Based on your credit report from Trans Union, credit bureau information is missing or unavailable
I noticed a triple pull on my monitoring. Can anyone explain?

Edit: both of the cap1 cards I have were instapprovals as well

Which 2 Crap1's?

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 13:48:11 GMT

@Anonymous wrote:
@Anonymous wrote:
Hey guys. I apped for the cap1 venture one card. please note that I already have 2 cap1 cards in good standing. I just got the letter:

Thank you for applying for a credit card issued by Capital One®. Unfortunately, after reviewing your
application and information obtained from your consumer credit report(s) from the agencies detailed
on the back of this letter - we cannot approve your request at this time.
The reason(s) for our decision are:
• Based on your credit report from Equifax, credit bureau information is missing or unavailable
• Based on your credit report from Experian, credit bureau information is missing or unavailable
• Based on your credit report from Trans Union, credit bureau information is missing or unavailable
I noticed a triple pull on my monitoring. Can anyone explain?

Edit: both of the cap1 cards I have were instapprovals as well
Which 2 Crap1's?

I got the QS1 and a plat back in sept, but the plat has since been PC to QS1. so 2 QS1

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 13:53:23 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Hey guys. I apped for the cap1 venture one card. please note that I already have 2 cap1 cards in good standing. I just got the letter:

Thank you for applying for a credit card issued by Capital One®. Unfortunately, after reviewing your
application and information obtained from your consumer credit report(s) from the agencies detailed
on the back of this letter - we cannot approve your request at this time.
The reason(s) for our decision are:
• Based on your credit report from Equifax, credit bureau information is missing or unavailable
• Based on your credit report from Experian, credit bureau information is missing or unavailable
• Based on your credit report from Trans Union, credit bureau information is missing or unavailable
I noticed a triple pull on my monitoring. Can anyone explain?

Edit: both of the cap1 cards I have were instapprovals as well
Which 2 Crap1's?
I got the QS1 and a plat back in sept, but the plat has since been PC to QS1. so 2 QS1

This is why. Close one and re-app if you feel like you want to take another plunge into triple-pull land.

Otherwise, wait it out till your AAoA gets higher and dump both. -- Then go for it.

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 13:55:51 GMT

I dont understand - do they not let you have more than 2 in X months?

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 14:01:15 GMT

@Anonymous wrote:
I dont understand - do they not let you have more than 2 in X months?

No more than 2 "average credit" CC's from CapOne at any time as I understand it. I believe the hard limit is 4 for "excellent credit" CC's by them.

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 14:41:44 GMT

Ventureone is an "Excellent Credit" card.

I called in, and they said

"since we pulled your reports in september, you only have 2 months of credit history and only two cards. that is not enough to qualify for an Excellent rated card"

"No, I have 9 open tradelines from prime lenders and 2 loans. you're not the only credit card company on the planet"

"sir, you dont qualify for this card because you do not have good enough credit"

"okay, then why did the letter say that i didnt have ANY credit? that doesnt make sense to me. I dont have any freezes on my reports, and I have impeccable credit."

"sir i recommend speaking with a credit advisor to help guide you to establishing a credit history"

"I would like to speak to a credit analyst or a supervisor"

"we do not have credit advisors at Capital one. I can give you the phone number for the credit bureaus who can help assist you."

"no thank you. goodbye."

UGHHHHHHH

I'm really beginning to despise crap1. every other number on the backdoor thread takes you straight to the automated system.

Re: Cap1 denial letter

Anomalous — Mon, 08 Dec 2014 16:58:31 GMT

@Anonymous wrote:
Ventureone is an "Excellent Credit" card.
I called in, and they said
"since we pulled your reports in september, you only have 2 months of credit history and only two cards. that is not enough to qualify for an Excellent rated card"
"No, I have 9 open tradelines from prime lenders and 2 loans. you're not the only credit card company on the planet"
"sir, you dont qualify for this card because you do not have good enough credit"
"okay, then why did the letter say that i didnt have ANY credit? that doesnt make sense to me. I dont have any freezes on my reports, and I have impeccable credit."
"sir i recommend speaking with a credit advisor to help guide you to establishing a credit history"
"I would like to speak to a credit analyst or a supervisor"
"we do not have credit advisors at Capital one. I can give you the phone number for the credit bureaus who can help assist you."
"no thank you. goodbye."
UGHHHHHHH
I'm really beginning to despise crap1. every other number on the backdoor thread takes you straight to the automated system.

Try reaching out on Facebook by sending a PM with your concerns. It'll get you connected to the EO who may be able to better assist you.

Re: Cap1 denial letter

coldnmn — Mon, 08 Dec 2014 17:30:59 GMT

Search link below for CEO email exective office.

http://bit.ly/1g0P1zO

Re: Cap1 denial letter

Anonymous — Mon, 08 Dec 2014 20:38:37 GMT

For a young man you have an excellent lineup of cards in your siggy. I would wait and let your cards age a bit and then go for the Venture. You are doing a great job so far. Lenders may also see that you have been given a lot of credit is a short amount of time with healthy limits. Garden fo awhile and see what happens in the future!

Re: Cap1 denial letter

taxi818 — Tue, 09 Dec 2014 08:11:12 GMT

@Anonymous wrote:
Ventureone is an "Excellent Credit" card.
I called in, and they said
"since we pulled your reports in september, you only have 2 months of credit history and only two cards. that is not enough to qualify for an Excellent rated card"
"No, I have 9 open tradelines from prime lenders and 2 loans. you're not the only credit card company on the planet"
"sir, you dont qualify for this card because you do not have good enough credit"
"okay, then why did the letter say that i didnt have ANY credit? that doesnt make sense to me. I dont have any freezes on my reports, and I have impeccable credit."
"sir i recommend speaking with a credit advisor to help guide you to establishing a credit history"
"I would like to speak to a credit analyst or a supervisor"
"we do not have credit advisors at Capital one. I can give you the phone number for the credit bureaus who can help assist you."
"no thank you. goodbye."
UGHHHHHHH
I'm really beginning to despise crap1. every other number on the backdoor thread takes you straight to the automated system.

Why. They are right each bank set limits whether you like it or not. Amex I think is 5 cards. Cap 1 is 2 reg cards. 2co branded. Like poster said. Get rid of 1 of the other cards. Should have checked cap ones pre approval site. It's pretty accurate. If it did not say congrats. Don't waste a pull. Read more here at my fico. And you will learn parameters of most lenders. Including capital one.

Re: Cap1 denial letter

Anonymous — Tue, 09 Dec 2014 13:15:43 GMT

@taxi818 wrote:
@Anonymous wrote:
Ventureone is an "Excellent Credit" card.
I called in, and they said
"since we pulled your reports in september, you only have 2 months of credit history and only two cards. that is not enough to qualify for an Excellent rated card"
"No, I have 9 open tradelines from prime lenders and 2 loans. you're not the only credit card company on the planet"
"sir, you dont qualify for this card because you do not have good enough credit"
"okay, then why did the letter say that i didnt have ANY credit? that doesnt make sense to me. I dont have any freezes on my reports, and I have impeccable credit."
"sir i recommend speaking with a credit advisor to help guide you to establishing a credit history"
"I would like to speak to a credit analyst or a supervisor"
"we do not have credit advisors at Capital one. I can give you the phone number for the credit bureaus who can help assist you."
"no thank you. goodbye."
UGHHHHHHH
I'm really beginning to despise crap1. every other number on the backdoor thread takes you straight to the automated system.

Why. They are right each bank set limits whether you like it or not. Amex I think is 5 cards. Cap 1 is 2 reg cards. 2co branded. Like poster said. Get rid of 1 of the other cards. Should have checked cap ones pre approval site. It's pretty accurate. If it did not say congrats. Don't waste a pull. Read more here at my fico. And you will learn parameters of most lenders. Including capital one.

I understand that very well. The problem I have is them saying that the reason I was denied is because I dont have any history, when the actual reason was something else. I know for a fact that i am able to get this card (as far as cap1's internal card limits goes. I may not because of my credit) because when I applied for another "average" credit card from them after I got my first two approvals, it auto denied and didnt even HP for that reason. but this is a higher tier card.

Re: Cap1 denial letter

taxi818 — Tue, 09 Dec 2014 14:09:15 GMT

I would not get upset at that. Many lenders come up with bs excuses. Cap 1 included. I got one from them before. That I had no experience. With high limits. Really. Reason for denial. But I can't be mad. I just let it go. And will never app again with cap 1. Although I'm keeping my current cards. After a few more months they wanted me to app again. No way. Now it's me playing hard to get. Shoe on other foot. Always keep in mind. No emotions in the world of credit. It's never personal. Just business. Good luck.

Re: Cap1 denial letter

gingerflower — Tue, 09 Dec 2014 17:50:33 GMT