topic Re: Capital one Savor one approval odds in Credit Card Applications

Capital one Savor one approval odds

Anonymous — Mon, 22 Apr 2019 15:00:21 GMT

Hello all,

I recently applied for two credit cards this week and was approved for both. I have one more credit car that I want on my app spree until I go back to gardening, and that is the capital one savor one. What are the odds of me getting approved instantly if I applied for two other credit cards this week. My credit score is 780. Does capital one go off the credit report with the least amount of inquiries as well?

Re: Capital one Savor one approval odds

luxlight — Mon, 22 Apr 2019 15:03:53 GMT

I couldn't tell you about the odds honestly but know that capital one will pull a credit report each from equifax, transunion, and experian

Re: Capital one Savor one approval odds

Remedios — Mon, 22 Apr 2019 15:26:14 GMT

@Anonymous wrote:
Hello all,

I recently applied for two credit cards this week and was approved for both. I have one more credit car that I want on my app spree until I go back to gardening, and that is the capital one savor one. What are the odds of me getting approved instantly if I applied for two other credit cards this week. My credit score is 780. Does capital one go off the credit report with the least amount of inquiries as well?

Cap One triple pulls. Credit reports from all three CRAs will be taken into consideration.

Their pre approvals are fairly solid, so give that a try. The end result may be impacted by the presence of new inquires.

If you get a pre -approval, dont wait with applying, you want to do it before new accounts show up.

Also, where are you getting your score from?

Re: Capital one Savor one approval odds

Shooting-For-800 — Mon, 22 Apr 2019 16:25:01 GMT

Check preapproval for Venture.

If you are prequaled for Venture your Savor (one) should be a great SL.

Re: Capital one Savor one approval odds

Anonymous — Mon, 22 Apr 2019 17:09:06 GMT

I agree that if you apply now they'll see your recent inquiries from the other cards, but not those accounts yet. You'll want to strike while the iron is hot before your profile/scores take any hit associated with the new accounts reporting.

Re: Capital one Savor one approval odds

pinkandgrey — Mon, 22 Apr 2019 17:40:46 GMT

I imagine you’re good. Check the prequals to be safe though. I got mine (albeit a low SL) when I had a lot of inqs and new accounts. A lot.

Re: Capital one Savor one approval odds

dynamicvb — Mon, 22 Apr 2019 17:53:50 GMT

I was approved a couple of weeks ago with scores lower than you and a new 1-month-old car loan that had just reported along with those inquires. I would say if you get a pre-aproval then you should be good. I do think CapOne is asking for verification on all these accounts now. I got one and I've heard of several others getting the verification for these as well as the Savor

Re: Capital one Savor one approval odds

Anonymous — Mon, 22 Apr 2019 18:44:16 GMT

@Anonymous wrote:
Hello all,

I recently applied for two credit cards this week and was approved for both. I have one more credit car that I want on my app spree until I go back to gardening, and that is the capital one savor one. What are the odds of me getting approved instantly if I applied for two other credit cards this week. My credit score is 780. Does capital one go off the credit report with the least amount of inquiries as well?

If your profile is solid, you might be OK but I might warn that Capital One seems to be on a streak of denying people with high scores who fit the profile of a churner (too many new recent accounts). Your new cards won't show on your report yet but the inquiries will and maybe it would be worth holding off for a couple months to let the trigger cool off unless you absolutely need the card now and want to take the triple pull risk.

Re: Capital one Savor one approval odds

Anonymous — Mon, 22 Apr 2019 19:58:07 GMT

Do you think I will be approved instantly or the app will go pending?

Re: Capital one Savor one approval odds

FinStar — Mon, 22 Apr 2019 20:06:28 GMT

OP, there's no hard-fast rule or method to gauge what the system will do with your application. Some go through various stages of verification, some can be denied (even after a 7-10 message), others can be instant.

If it goes into pending mode, then simply let that process go through its motions (plenty of threads on here that you can reference for DPs). Otherwise, if it's instant, then that's that.

Just keep your expectations tempered once you decide to submit your application.

Re: Capital one Savor one approval odds

Anonymous — Tue, 23 Apr 2019 05:11:01 GMT

@Anonymous wrote:
Do you think I will be approved instantly or the app will go pending?

What I've been seeing in the DPs is that unless you already have an account with Captial One, virtually all applications from outside customers are processed through their fraud department for verification. Mine took about 6 business days start to finish.

Re: Capital one Savor one approval odds

Shooting-For-800 — Tue, 23 Apr 2019 10:20:11 GMT

I had two accounts open and still got 7-10 day on Venture.

Got $30k at 12.99% 4 days later.

Larger limits may be delayed also.

Capital one savor one denial

Anonymous — Tue, 23 Apr 2019 21:18:39 GMT

Hello everyone. So I applied for tha capital one savor one credit card today and was denied instantly. I don’t understand why as I have a 780 credit score. I did apply for two other credit cards last week and got approved for both of those. What should I do. Can I recon?

Re: Capital one savor one denial

Anonymous — Tue, 23 Apr 2019 21:39:14 GMT

@Anonymous wrote:
Hello everyone. So I applied for tha capital one savor one credit card today and was denied instantly. I don’t understand why as I have a 780 credit score. I did apply for two other credit cards last week and got approved for both of those. What should I do. Can I recon?

If you look through DPs on the forums for Savor, Capital One has a pattern of declining files that are high FICO scores but too many new accounts in recent months. They're scared of churners who are credit seeking and potentially looking to get the bonus but downgrade or close their account. The new inquiries in your report will look like a red flag on their end and unfortunately you should have pulled the trigger on their application first to avoid this. My understanding is Capital One decisions are final and recons are not possible. I'd suggest waiting 6-12 months and applying again.

Re: Capital one savor one denial

pinkandgrey — Tue, 23 Apr 2019 23:07:21 GMT

Sorry about the denial. Cap One doesn’t recon unfortunately. We’ve seen many an applicant with a high FICO get denied for the Savor cards.

Re: Capital one savor one denial

MisterWives — Wed, 24 Apr 2019 00:43:58 GMT

I applied for the QuickSilver card yesterday and was insantly denied too. In my thread I posted people also agreed that it seems Capital One frowns upon multiple inqueries or accounts opened within 24 months. What a waste of a hard pull

Re: Capital one savor one denial

Anonymous — Wed, 24 Apr 2019 07:39:03 GMT

@MisterWives wrote:
I applied for the QuickSilver card yesterday and was insantly denied too. In my thread I posted people also agreed that it seems Capital One frowns upon multiple inqueries or accounts opened within 24 months. What a waste of a hard pull

Did you have a prequalified offer before pulling the trigger?

Re: Capital one savor one denial

kdm31091 — Wed, 24 Apr 2019 11:56:20 GMT

Unfortunately it's not unusual at all with the Savor product - they're very conservative with approvals on it. Overall they seem to have a 5/24 type of policy. Nobody really knows the exact number, but if you have multiple new accounts in 24 months, you're not likely getting an approval for a "prime" card from Capital One.

There is no recon with Capital One; you just have to chalk it up as a loss and try again later (or just go with a similar product from another bank).

Re: Capital one savor one denial

FireMedic1 — Wed, 24 Apr 2019 13:02:43 GMT

So sorry. They've really tightened up the purse strings on the 2 Savors big-time since they switched up and added the Savor1 and added that $500 sub. Better luck next time!

Re: Capital one savor one denial

dannymac44 — Thu, 09 May 2019 02:17:13 GMT

I had a prequal offer for Savor/Venture/QS and was isntantly denied too for Savor. Pretty sure I fall under their forumla for a churner just because of my limits and low/no balanced. Odd part, didnt get any alerts for any credit hard pulls and that was a week ago. Weird. 780-790 Fico 8s across the board.