topic Re: Capital One After BK? in Credit Card Applications

Capital One After BK?

Anonymous — Tue, 29 May 2018 18:58:33 GMT

Hello! My Chapter 7 discharge happened in early April and I am in the process of rebuilding my credit. So far I have the Discover It Secured, an Overstock card, and a Kohls card. No balances on any of them.

I burned CapOne, Synchrony, Citi (Home Depot Card), and Barclay. I'd like to get back in with Capital One but their prequal site says there's nothing for me. Is that pretty accurate, in that if I apply I'll get a denial? Do I need to wait until the Prequal site says there's something for me? I'm stayting away from Credit One and First Premier as I don't want a card with an annual fee or high other fees.

Scores are in the low 600-630 range right now across the board. Credit reports have been cleaned up.

Re: Capital One After BK?

creditguy — Tue, 29 May 2018 19:06:34 GMT

Capital One is very forgiving but seeing as how your BK was only discharged last month i'd say its probably a little early. I've heard about a year from discharge is good time to try again with CapOne. It may be a good sign that you have a Kohls card since CapOne backs that card. You can always apply and see for yourself if CapOne is willing to give you a card but personally I'd stick to the three cards you have for now and build up some history and save the triple pull. Best of Luck in your rebuild.

Re: Capital One After BK?

Anonymous — Tue, 29 May 2018 19:18:08 GMT

Thank you! I'd like to have two mainstream cards if possible. Discover It will be our bills card as we are transistioning all of our recurring monthly charges over to it so that we only have to make one payment instead of 5-6 for the various services we have. Eventually once I get the limit up we will transition all of our bills over to it minus the mortgage and car payments, so that we only have a few we need to pay every month; make things easier. I like that Discover is a cash back card.

I wanted to get back in with Capital One so that we have a card I can use for any kind of traveling for hotel and car reservations, so that we don't have to use our debit card or the Discover card for it.

Re: Capital One After BK?

Anonymous — Wed, 30 May 2018 10:16:16 GMT

My Bk was Oct 15, Discharged Jan 16, things change so...YMMV

Cap1 was IIB. I applied 3 weeks after discharge and was approved for 3k.

BTW I followed this thread closely, with my own modifications, for about the first year: https://ficoforums.myfico.com/t5/Bankruptcy/HOW-TO-From-BK7-discharge-to-700-in-24-months-or-less/td-p/1384075

I works and works well.

Re: Capital One After BK?

Anonymous — Wed, 30 May 2018 15:23:54 GMT

Did you have a preapproval offer before you applied?

Re: Capital One After BK?

CashBackQueen — Wed, 30 May 2018 20:10:02 GMT

I was just approved for an unsecured Capital One card last week. My BK was discharged four months ago. Never got an offer on their prequal. I burned them for about $5k.

Capital One will (usually) let you in one year after charge off, or if your account was current, one year after BK filing.

Re: Capital One After BK?

Anonymous — Wed, 30 May 2018 20:26:28 GMT

Is the Platinum the best way to go? Is that their lowest tier'd credit card?

Re: Capital One After BK?

CashBackQueen — Wed, 30 May 2018 20:58:06 GMT

It is, but I chose it over the Quicksilver One because the QS1 has an annual fee, and I know that I can upgrade my Platinum to a QS (not QS1) after my second statement cuts and get all the benefits of the real, higher-tiered QS. The only difference is it will remain a MasterCard (Quicksilvers are Visa) and you won't get the 0% introductory APR, which doesn't bother me because I hate carrying balances.

Re: Capital One After BK?

Anonymous — Wed, 30 May 2018 23:58:54 GMT

@Anonymous wrote:
Did you have a preapproval offer before you applied?

I didn't try the pre-qual site.

I really was not expecting to get approved. I was shocked.

Re: Capital One After BK?

Anonymous — Thu, 31 May 2018 01:52:13 GMT

I guess I'm still in the doghouse. I just tried and got the 7-10 day message but no new inquiries on any of the bureaus.

Re: Capital One After BK?

Anonymous — Sun, 16 Dec 2018 23:34:35 GMT

My bk just discharged 1 week ago and I had burned capital one bad-they even sued me for a judgement on my balance. They approved me today but with a low ($300) limit. I was excited because I love and missed my capital one card! They seem to be very forgiving!

Re: Capital One After BK?

J-F168 — Mon, 17 Dec 2018 06:16:40 GMT

Tex, I burned every Disco and I was able to get back with them after one year, never burned cap1 but i could not get with them before one year after discharge. Also Nordstrom visa ( was IIB) almost 2 yrs after I was discharged. At 6 mo could get multiple comenity and sync cards ( visa and master cards and store cards). I do not recomend applying for multiple cards if you dont use them and pay back( I am using azeo ). I am grateful to this site and wonderful people that helping here. I closed multile commenity and Sync cards ( visa, master, and store) and still have some