topic Re: Does CapitalOne ever forgive? in Credit Card Applications

Does CapitalOne ever forgive?

The_Rooster — Sun, 05 Jul 2020 20:04:34 GMT

Have had a Quicksilver card "restricted" with them for 35 months.

Is there is any point in re-applying?

I called them and the agent couldnt' tell me anything. "I dont see anything on my screen".

Re: Does CapitalOne ever forgive?

Anonymous — Sun, 05 Jul 2020 20:41:45 GMT

Qualitatively: Does Capitol One ever forgive?

Historically, yes absolutely.

Quantitatively what are the metrics? Not sure.

Re: Does CapitalOne ever forgive?

Anonymous — Sun, 05 Jul 2020 20:36:53 GMT

@The_Rooster wrote:
Have had a Quicksilver card "restricted" with them for 35 months.
Is there is any point in re-applying?

I called them and the agent couldnt' tell me anything. "I dont see anything on my screen".

I would check their pre-qual page first. They are forgiving, but like most lenders things are tight right now - many lenders are skittish and are not extending credit as much as they did pre-Covid-19.

Re: Does CapitalOne ever forgive?

Hex — Sun, 05 Jul 2020 20:41:27 GMT

Yes they do. I guess it might depend on what happened with your previous account. I think unless you commit intentional fraud they will let you back in. I've had a new and a restricted account both showing up at once before. They never unrestrict an account but sometimes will give you a new one. Have you tried the prequalify?

Re: Does CapitalOne ever forgive?

CYBERSAM — Sun, 05 Jul 2020 20:45:19 GMT

Actually Cap1 dosen't hold any grudges like some other banks!

As long as you don't owe them any money, you can get back with them after few months.

Re: Does CapitalOne ever forgive?

The_Rooster — Tue, 07 Jul 2020 16:03:18 GMT

@CYBERSAM wrote:
Actually Cap1 dosen't hold any grudges like some other banks!
As long as you don't owe them any money, you can get back with them after few months.

It's been 3 years! Lol.

Re: Does CapitalOne ever forgive?

The_Rooster — Tue, 07 Jul 2020 16:04:04 GMT

@Hex wrote:
Yes they do. I guess it might depend on what happened with your previous account. I think unless you commit intentional fraud they will let you back in. I've had a new and a restricted account both showing up at once before. They never unrestrict an account but sometimes will give you a new one. Have you tried the prequalify?

I did. But it said "we don't see any mail offers for you" or something like that.

Re: Does CapitalOne ever forgive?

Hex — Tue, 07 Jul 2020 16:35:36 GMT

I was hoping you'd have a prequal. I'm not sure what to suggest. They closed and restricted my first account with them because I filed for bankruptcy but my card had a zero balance so I didn't burn them. I'm not sure what the rest of your credit profile looks like. If you apply they will pull all 3 credit bureaus. If you post your profile data it would be easier to make suggestions. Do you still owe them any money? I think they have approved people who had old charge offs. I'm not sure how old they would need to be. If you provide more data then hopefully someone with a similar history will answer.

Re: Does CapitalOne ever forgive?

Andy77 — Tue, 07 Jul 2020 18:06:42 GMT

I would say they do. If I burned them in my ch 7 bk for 50k plus then they gave me a 500.00 unsecured card 3 months prior to my discharge, I am proof that they do forgive. In your case, I think it is just a timing issue. I hate waiting for things in life, too.

Re: Does CapitalOne ever forgive?

core — Tue, 07 Jul 2020 18:51:41 GMT

They forgive, but they do not forget.

I burned them 20+ years ago and all this time later: They eventually raised my QS1 limit to $15k but never would approve me for a QS. I had to get the AF waived thru the EO. They have denied just about every application I have ever put in besides that QS1, even with excellent scores and profile. Somehow I got the Walmart MC but I suspect they're handing those out like candy.

Re: Does CapitalOne ever forgive?

sjt — Tue, 07 Jul 2020 19:04:51 GMT

@The_Rooster wrote:
Have had a Quicksilver card "restricted" with them for 35 months.
Is there is any point in re-applying?

I called them and the agent couldnt' tell me anything. "I dont see anything on my screen".

Yes.

It states in their disclosure that it takes a year from the charge off date before you can apply.

Re: Does CapitalOne ever forgive?

The_Rooster — Tue, 07 Jul 2020 20:03:57 GMT

@sjt wrote:
@The_Rooster wrote:
Have had a Quicksilver card "restricted" with them for 35 months.
Is there is any point in re-applying?

I called them and the agent couldnt' tell me anything. "I dont see anything on my screen".
Yes.

It states in their disclosure that it takes a year from the charge off date before you can apply.

35 months is a lot more than a year.