topic Re: Cap one QS1 vs platinum. in Credit Card Applications

Cap one QS1 vs platinum.

Inscorehell — Tue, 23 Apr 2019 14:47:14 GMT

Hoping to get in with cap one on an unsecured basis. Between QS1 and platinum, is one easier than the other with FICO scores in the upper 500s? I did burn them a year and a half ago.

Re: Cap one QS1 vs platinum.

pinkandgrey — Tue, 23 Apr 2019 16:21:54 GMT

I would check the prequals. Don’t want to waste 3 HPs for nothing. Generally I would say the Plat is better. There’s no AF and it seems easier to get. I got that one with virtually no credit history.
Out of curiosity, why Cap One? Have you looked into Discover? Secured may be your only route at this point, but even if that’s the case, the secured cards will help you a lot. You’ll be NOT “inscorehell” before you know it.
Good luck!!!

Re: Cap one QS1 vs platinum.

Inscorehell — Tue, 23 Apr 2019 17:03:53 GMT

Thanks. I do have a discover secured card. Cap one prequal site has nothing for me.

Re: Cap one QS1 vs platinum.

Brian_Earl_Spilner — Tue, 23 Apr 2019 17:07:20 GMT

I would avoid the qs1. Hard to grow and product change. I PC'd my platinum to the normal QS 3 or 4 months after getting it. It's not a true QS, but I get the benefits without the annual fee. Plus, it should be easier to PC when I decide to try.

Re: Cap one QS1 vs platinum.

pinkandgrey — Tue, 23 Apr 2019 17:08:22 GMT

Ultimately it’s your call. If the prequal site doesn’t yield any results, I would probably hold off and just keep using your Disco card responsibly. Like I said, Cap One will triple pull you and I’d hate for those 3 inqs to give you nothing in return. Good luck!

Re: Cap one QS1 vs platinum.

WorkingHard56 — Wed, 24 Apr 2019 04:02:25 GMT

Applied and got the Cap One Secured Card today.

They pulled all three but I didn't have anything on their prequal site.

Re: Cap one QS1 vs platinum.

pinkandgrey — Wed, 24 Apr 2019 15:57:00 GMT

@WorkingHard56 wrote:
Applied and got the Cap One Secured Card today.

They pulled all three but I didn't have anything on their prequal site.

Congrats! That’s an awesome starter! Good DPs for anyone thinking about this card too.

Re: Cap one QS1 vs platinum.

Anonymous — Wed, 24 Apr 2019 21:20:16 GMT

@WorkingHard56 wrote:
Applied and got the Cap One Secured Card today.

They pulled all three but I didn't have anything on their prequal site.

So you burned them and they still gave you a card? Interesting whats your CL?

@Brian_Earl_Spilner wrote:

Cap1 are hard to grow unless you spending over $2k and paying those balances off, this is what I am seeing from the posts on this site.

Started off with $300 Plat card, went into the QS1 auto CLI to $1500, than $2500 and finally to $4500 and just changed over to Venture 1, took 4 years but now Im transfering large blances over and making 3 large payments in the month to pay off, I am expecting a larger CLI but will need to do this 1 or 2 more times, as Ive just completed 1. Think Cap1 would like to see done 3 cycles before a CLI

Re: Cap one QS1 vs platinum.

FinStar — Thu, 25 Apr 2019 01:26:46 GMT

@Anonymous wrote:
@WorkingHard56 wrote:
Applied and got the Cap One Secured Card today.

They pulled all three but I didn't have anything on their prequal site.
So you burned them and they still gave you a card? Interesting whats your CL?

@Brian_Earl_Spilner wrote:
I would avoid the qs1. Hard to grow and product change. I PC'd my platinum to the normal QS 3 or 4 months after getting it. It's not a true QS, but I get the benefits without the annual fee. Plus, it should be easier to PC when I decide to try.

Cap1 are hard to grow unless you spending over $2k and paying those balances off, this is what I am seeing from the posts on this site.

Started off with $300 Plat card, went into the QS1 auto CLI to $1500, than $2500 and finally to $4500 and just changed over to Venture 1, took 4 years but now Im transfering large blances over and making 3 large payments in the month to pay off, I am expecting a larger CLI but will need to do this 1 or 2 more times, as Ive just completed 1. Think Cap1 would like to see done 3 cycles before a CLI

@Anonymous, plenty of individuals are given the opportunity to rebuild with Capital One which could be in the form of a 2nd (even 3rd) chance, whether there were previous CO's (satisfied or outstanding), IIBs, etc. Please refrain from any judgemental remarks. The poster you replied to simply provided their secured CC results as it appears they met Capital One's UW criteria for that product.

Re: Cap one QS1 vs platinum.

WorkingHard56 — Thu, 25 Apr 2019 12:21:46 GMT

I didn't burn Cap One. Perhaps you should focus more on replying to the proper person and less so being judgmental.

Re: Cap one QS1 vs platinum.

Anonymous — Thu, 25 Apr 2019 14:33:06 GMT

@FinStar wrote:
@Anonymous wrote:
@WorkingHard56 wrote:
Applied and got the Cap One Secured Card today.

They pulled all three but I didn't have anything on their prequal site.
So you burned them and they still gave you a card? Interesting whats your CL?

@Brian_Earl_Spilner wrote:
I would avoid the qs1. Hard to grow and product change. I PC'd my platinum to the normal QS 3 or 4 months after getting it. It's not a true QS, but I get the benefits without the annual fee. Plus, it should be easier to PC when I decide to try.

Cap1 are hard to grow unless you spending over $2k and paying those balances off, this is what I am seeing from the posts on this site.

Started off with $300 Plat card, went into the QS1 auto CLI to $1500, than $2500 and finally to $4500 and just changed over to Venture 1, took 4 years but now Im transfering large blances over and making 3 large payments in the month to pay off, I am expecting a larger CLI but will need to do this 1 or 2 more times, as Ive just completed 1. Think Cap1 would like to see done 3 cycles before a CLI
@Anonymous, plenty of individuals are given the opportunity to rebuild with Capital One which could be in the form of a 2nd (even 3rd) chance, whether there were previous CO's (satisfied or outstanding), IIBs, etc. Please refrain from any judgemental remarks. The poster you replied to simply provided their secured CC results as it appears they met Capital One's UW criteria for that product.

Yes I know this as I am rebuilding my credit as well, the quote button is not working as it posted from another thread that the OP posted they had burned CAP1 and I asked what the CL was and if you think that’s judgmental in a forum where a lot of us are rebuilding and asking questions, I would say ok

Re: Cap one QS1 vs platinum.

Anonymous — Thu, 25 Apr 2019 14:34:14 GMT

@WorkingHard56 wrote:
I didn't burn Cap One. Perhaps you should focus more on replying to the proper person and less so being judgmental.

I would if the quote button worked and didnt post another thread, sorry to get you confused with another cap1 person

Re: Cap one QS1 vs platinum.

Inscorehell — Thu, 25 Apr 2019 17:16:23 GMT

I'm the OP and the one who burned Cap one.They have not given me a second chance yet. It has been 18 nonths and I read that they are forgiving after one year. Just looking for approval odds for a couple of different cards.

Re: Cap one QS1 vs platinum.

Anonymous — Fri, 26 Apr 2019 04:26:20 GMT

My GF got the qs1 with scores in the mid 500 with quite a few c/o and baddies with a 300 SL but she has a cap 1 secured for 6 months prior and never done business with them before hope this helps! And good luck on your rebuild