topic Re: Quicksilver Visa Signature pending decision in Credit Card Applications

Quicksilver Visa Signature pending decision

girbabe — Sun, 18 Jan 2015 08:26:12 GMT

I probably should have waited to apply but I want to make a $500 purchase and this card offers $100 bonus with 1.5% cash back. I applied for and received the Amex and BoA cards in August (barely 6 months ago) but I only have 1% or 2% utilization overall. You can see my cards and scores below and I'm wondering if having 2 other Capital One credit cards will affect their decision? I also just read that I should have applied on a weekday so I guess I'm a little late reading the forum. The application online message stated that they "try" to provide a 60 second decision and that I may receive either an email or letter by postal mail within the next few days (can't remember exactly how many). I've always received instant approval so this was a little disconcerning. Was just wondering if anyone had any thoughts on why the decsion was delayed. As always - thanks for your feedback!

Re: Quicksilver Visa Signature pending decision

Imperfectfuture — Sun, 18 Jan 2015 08:58:55 GMT

They have reps available now.

Re: Quicksilver Visa Signature pending decision

girbabe — Sun, 18 Jan 2015 09:20:05 GMT

Not sure I completely understand. Do you mean that they never provide instant decisions and that all applications must go through a manual review by a rep?

Re: Quicksilver Visa Signature pending decision

Imperfectfuture — Sun, 18 Jan 2015 09:25:23 GMT

No. I mean call them and they will tell you what's up.

Re: Quicksilver Visa Signature pending decision

girbabe — Sun, 18 Jan 2015 10:13:45 GMT

Oh! :-) Thanks! Should I search the forum for a "backdoor" number or does it matter which number to call at this point in the application process?

Re: Quicksilver Visa Signature pending decision

Anonymous — Sun, 18 Jan 2015 10:18:38 GMT

Cap1 doesn't have a backdoor number. You have to contact the EO by email or you can message them on facebook.

Has anyone else had a different experience with a rep connecting you to an analyst?

Re: Quicksilver Visa Signature pending decision

girbabe — Sun, 18 Jan 2015 10:20:13 GMT

Well - I called 800-548-4593, automated teller said they got the app, it was under review and will send info in 10 days. Asked for a rep but office was closed. Guess I need to wait until Monday.

Re: Quicksilver Visa Signature pending decision

girbabe — Mon, 19 Jan 2015 17:43:40 GMT

I made another call today and all I got was the same answer by the rep who said the app is pending. I also just read that most all banks will take recon calls EXCEPT for Capital One until they've made a decision one way or the other. Has anyone had any experience with this? Would it still be beneficial at this point to email the EO?

Re: Quicksilver Visa Signature pending decision

Anonymous — Mon, 19 Jan 2015 17:50:04 GMT

Good luck , I would think that with those scores you would be approved instantly

Re: Quicksilver Visa Signature pending decision

CreditCuriosity — Mon, 19 Jan 2015 18:00:24 GMT

I wonder if it is your other 2 Cap 1 cards that are causing this...

Re: Quicksilver Visa Signature pending decision

Anonymous — Mon, 19 Jan 2015 18:15:53 GMT

@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...

With the OP'S scores, Capital One should be jumping at the opportunity to approve the OP for a third credit card from them.

Re: Quicksilver Visa Signature pending decision

CreditCuriosity — Mon, 19 Jan 2015 18:23:54 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...
With the OP'S scores, Capital One should be jumping at the opportunity to approve the OP for a third credit card from them.

There are so many rumors that a person can only have 2 Cap1 cards.. this not no include co-branded cards such as Sony, GM buy power etc.. Their are other theories a person can only have 2 sub-prime cap 1 cards.. Maybe when OP started out he had sub-prime credit and hence only allowed to cards? I dunno, just throwing stuff out there that have been debated on this forum time and time again. He might have to close one of the older Cap1 cards to get approved.. I have no clue..

Re: Quicksilver Visa Signature pending decision

Anonymous — Mon, 19 Jan 2015 18:39:09 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...
With the OP'S scores, Capital One should be jumping at the opportunity to approve the OP for a third credit card from them.
There are so many rumors that a person can only have 2 Cap1 cards.. this not no include co-branded cards such as Sony, GM buy power etc.. Their are other theories a person can only have 2 sub-prime cap 1 cards.. Maybe when OP started out he had sub-prime credit and hence only allowed to cards? I dunno, just throwing stuff out there that have been debated on this forum time and time again. He might have to close one of the older Cap1 cards to get approved.. I have no clue..

If that's true, that would be a very poor business decision on Capital One's part.

Re: Quicksilver Visa Signature pending decision

CreditCuriosity — Mon, 19 Jan 2015 19:04:14 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...
With the OP'S scores, Capital One should be jumping at the opportunity to approve the OP for a third credit card from them.
There are so many rumors that a person can only have 2 Cap1 cards.. this not no include co-branded cards such as Sony, GM buy power etc.. Their are other theories a person can only have 2 sub-prime cap 1 cards.. Maybe when OP started out he had sub-prime credit and hence only allowed to cards? I dunno, just throwing stuff out there that have been debated on this forum time and time again. He might have to close one of the older Cap1 cards to get approved.. I have no clue..
If that's true, that would be a very poor business decision on Capital One's part.

Cap1 isn't known to be the bightest lender.. No combining CL's, CSR have no power and the list could continue. Only good thing about Cap1 is 1.5% cashbash with no minimum, that is the best in the business in my opinion.. Problem is that is the car I am going to close since My Venture is my oldest Cap1 card, one has to go and it the the no AF QS card as I got bucketed when I was rebuilding and it is my lower limit and promised myself if I got approved for Ed I would axe a Cap1 card... So I guess it is gone.. Will PC my Venture One ot a QS then have my rewards of 1.5% back although it realy just sits in the sock drawer.

Re: Quicksilver Visa Signature pending decision

girbabe — Mon, 19 Jan 2015 19:44:49 GMT

@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...

That would mean only one true Capital One credit card and the other would be a co branded Sony. I can't believe that would have any bearing on the decision. Would inquiries or new accounts be a factor? Discover IT in January and Amex and BofA in August 2014. I just figured that my scores would override anything else that might be negative.

Re: Quicksilver Visa Signature pending decision

girbabe — Mon, 19 Jan 2015 19:49:28 GMT

Further adding to the confusion is that Amex approved 5,500 in August then 3 months later asked for $15,000 and got it. Now I can't even get a decision from Capital One? Sheesh...

Re: Quicksilver Visa Signature pending decision

girbabe — Mon, 19 Jan 2015 20:36:05 GMT

I googled the CEO email address and sent a very polite email about the card meeting my needs, going to travel soon, etc. :-) Patience is not one of my virtues. Has anyone else had any luck? How long should I wait for a response?

Re: Quicksilver Visa Signature pending decision

CreditCuriosity — Mon, 19 Jan 2015 21:11:45 GMT

@girbabe wrote:
@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...
That would mean only one true Capital One credit card and the other would be a co branded Sony. I can't believe that would have any bearing on the decision. Would inquiries or new accounts be a factor? Discover IT in January and Amex and BofA in August 2014. I just figured that my scores would override anything else that might be negative.

Are you saying you have a true branded Cap1 and a sony card now? If that is the case, then you should be ok applying for whatever one you did. For whatever reason it went to review ver. instant approval it appears?

Re: Quicksilver Visa Signature pending decision

girbabe — Mon, 19 Jan 2015 21:22:12 GMT

@CreditCuriousity wrote:
@girbabe wrote:
@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...
That would mean only one true Capital One credit card and the other would be a co branded Sony. I can't believe that would have any bearing on the decision. Would inquiries or new accounts be a factor? Discover IT in January and Amex and BofA in August 2014. I just figured that my scores would override anything else that might be negative.
Are you saying you have a true branded Cap1 and a sony card now? If that is the case, then you should be ok applying for whatever one you did. For whatever reason it went to review ver. instant approval it appears?

Yes. A Capital One Platinum MC and a SonyCard Visa Signature, though I haven't used either one in about a year. This is my first experience ever going to a manual review vs instant approval and I'm just stymied.

Re: Quicksilver Visa Signature pending decision

Anonymous — Mon, 19 Jan 2015 21:43:13 GMT

@girbabe wrote:
@CreditCuriousity wrote:
@girbabe wrote:
@CreditCuriousity wrote:
I wonder if it is your other 2 Cap 1 cards that are causing this...
That would mean only one true Capital One credit card and the other would be a co branded Sony. I can't believe that would have any bearing on the decision. Would inquiries or new accounts be a factor? Discover IT in January and Amex and BofA in August 2014. I just figured that my scores would override anything else that might be negative.
Are you saying you have a true branded Cap1 and a sony card now? If that is the case, then you should be ok applying for whatever one you did. For whatever reason it went to review ver. instant approval it appears?
Yes. A Capital One Platinum MC and a SonyCard Visa Signature, though I haven't used either one in about a year. This is my first experience ever going to a manual review vs instant approval and I'm just stymied.

Have they pulled your credit report? I got denied a while back for having too many capital one products and they didn't pull my report. It came back with the 7-10 day message when I applied and when I got the letter in the mail that was the reason they gave.