topic Re: Pre-Qualification question in Credit Card Applications

Pre-Qualification question

KingPredator — Mon, 02 Jul 2018 20:22:48 GMT

I currently have 2 CO cards. The QS1 and the Qs(which was a product change from the platinum about a month ago) I also applied for the venture card and got approved for a 5k SL which I’m still currently waiting for that card to arrive sometime this week. I went back to CO website and hit the preapproval just to see and the reg QS is coming up as being pre qualified for it. My question is will Capitol one allow you to have more then 1 of the same product or being that my current QS was from a product change I can have 2 ? Any help/suggestions will be appreciate it.

Re: Pre-Quialification question

kilroy8 — Mon, 02 Jul 2018 19:28:25 GMT

You can have 2 of the same card.

Each app with Cap One is a triple pull, though.

Re: Pre-Qualification question

KingPredator — Mon, 02 Jul 2018 20:20:59 GMT

Thank you for answering my question. I wasn’t sure and if I pulled the trigger wanted to be sure. The only reason I would consider it is because my current QS only has a 1300 limit and I’ve had it for about 2years and 4 months and Couple of months back i payed the balance in full but haven’t been able to get a cli .

Re: Pre-Qualification question

Shadowfactor — Mon, 02 Jul 2018 21:04:26 GMT

Capital one has a 1/6 rule which means you can only apply and be approved for one card every 6 months. This is across all personal capital one cards. I’m not sure if that 1/6 rule applies to business cards

Those prequalified offers will disappear shortly until your new venture hits 6 months

Re: Pre-Qualification question

KingPredator — Mon, 02 Jul 2018 21:39:49 GMT

Thank you did not know this info.

Re: Pre-Qualification question

Anonymous — Wed, 04 Jul 2018 19:18:46 GMT

I’m glad to know that 1/6 rule.

Re: Pre-Qualification question

Anonymous — Wed, 04 Jul 2018 20:51:53 GMT

I don't think the triple HP is worth it. There's so many cards that one would be better off applying for with those three pulls.

Re: Pre-Qualification question

Brian_Earl_Spilner — Thu, 05 Jul 2018 06:28:09 GMT

@Shadowfactor wrote:
Capital one has a 1/6 rule which means you can only apply and be approved for one card every 6 months. This is across all personal capital one cards. I’m not sure if that 1/6 rule applies to business cards

Those prequalified offers will disappear shortly until your new venture hits 6 months

That rule may have been recently changed. My last cap1 card was over 6 months ago. I did get 2 co-branded cards in the 6 month period, both within a week of each other. Applying for a card gives me a message that I'm not approved due to recent accounts.

Re: Pre-Qualification question

Remedios — Thu, 05 Jul 2018 13:37:39 GMT

@Brian_Earl_Spilner wrote:
@Shadowfactor wrote:
Capital one has a 1/6 rule which means you can only apply and be approved for one card every 6 months. This is across all personal capital one cards. I’m not sure if that 1/6 rule applies to business cards

Those prequalified offers will disappear shortly until your new venture hits 6 months
That rule may have been recently changed. My last cap1 card was over 6 months ago. I did get 2 co-branded cards in the 6 month period, both within a week of each other. Applying for a card gives me a message that I'm not approved due to recent accounts.

That denial is not referencing your capital one cards, it's the number of your recent cards from any lender.

Re: Pre-Quialification question

Anonymous — Thu, 05 Jul 2018 14:32:55 GMT

@kilroy8 wrote:
You can have 2 of the same card.

Each app with Cap One is a triple pull, though.

Indeed. That's one reason why I don't expect to get another Cap One card anytime soon after my combo, another (and related) being that the only prequalification they'll offer me is for the plain-vanilla Platinum and at this point in my credit journey there's no percentage in blowing a triple HP on a plain-Jane card.

Re: Pre-Qualification question

Anonymous — Thu, 10 Jan 2019 06:09:14 GMT

Hey there OP. What were your scores like when you were approved for Venture? Did you prequalify? Single digit APR on prequal? Im in applicaiton limbo with that card. Trying to figure approval odds.

Re: Pre-Qualification question

KingPredator — Thu, 10 Jan 2019 13:50:46 GMT

I did prequalified for it, Apr wise I was double digits I want to say around 24.99 if I remember correctly . All 3 CR were low 700’s. The process did take over 2 weeks before I got the card. Overall utilization was under 15% . Just be patient nowadays the venture card does take a while if it goes into review.