topic Re: Capital One Mail offer , fake ?! in Credit Card Applications

Capital One Mail offer , fake ?!

Anonymous — Tue, 20 Apr 2021 02:08:29 GMT

Hi guys, I was approved for a quicksilver One in February , today I received a real fancy envelope in the mail from capital one offering me a new card , it's for reservation number , access code, link to apply and QR code to apply too, also the APR is set at 23.99% should I apply or that's one of those bs offers that will only rack me an inquiry ?
thank you .

dan

Re: Capital One Mail offer , fake ?!

coldfusion — Tue, 20 Apr 2021 02:25:33 GMT

It's probably legit but the screening to determine qualified potential applicants had probably been completed before you applied for the card. It's typical for this particular process to take a couple of months after the demographic information is pulled e.g. "give me a list of everyone in zipcode 00000 with a FICO 8 score of between 670-720 and $50-100K of unsecured credit with no mortgage reporting who doesn't have any inquiries reported in the last 6 months", so what likely happened is that you applied for the card very soon after the demographic information was pulled.

It's happened to me before with BoA, PNC before as examples, where I had applied and was approved for a card but soon afterward I got preapprovals for the card I had just successfully applied for.

I would hesitate to apply because the state of your credit profile is different than it was a few months ago before you applied for this last card. You might still be approved but the odds of approval would be diminished.

Re: Capital One Mail offer , fake ?!

Anonymous — Tue, 20 Apr 2021 02:32:03 GMT

Yes I agree not worth that inquiry just yet. No rush .

Re: Capital One Mail offer , fake ?!

FinStar — Tue, 20 Apr 2021 02:41:15 GMT

@Anonymous wrote:
Yes I agree not worth that inquiry just yet. No rush .

It would actually be 3 Hard Pulls, which is what Capital One is known for, but definitely be selective and don't let a shiny marketing envelope drive your decision.