topic Savor One for Good Credit -Starting CLs and bucketing in Credit Card Applications

Savor One for Good Credit -Starting CLs and bucketing

Zoostation1 — Sun, 26 Jun 2022 05:57:12 GMT

Currently I am 4yr 8mo post CH7 filing and have the following cards: $400 limit Discover It Chrome Secured opened 11/21 (hoping it will unsecure any day now after 7m of payment history and no interest paid); $2000 limit Cap1 QS1 opened 2/22. I went through the Cap 1 pre approvals today just for kicks and now I've got questions. Last time around when I checked before openig the QS1 my pre approval options were QS1, QS Secured, and Platinum Secured. This time around it's offering QS for Good Credit, Platinum, and Savor One for Good Credit. The latter being the one I'm interested in as dining/entertainment/streaming accounts for the biggest chunk of my monthly credit card spend. I know preapprovals are no guarantee and that I need to wait 2 more months before applying for another Cap1 card, but let's assume I wait that out. My understanding is that the "For Good Credit" versions with no SUB and higher APRs, while still bucketed are not in as low of a bucket as Platinum, or my QS1, etc. FICO8 and 9 scores are in my sig for reference and income is ~$57k if it will impact approval. Also in case it matters I do have heavy usage on the QS1 (have used more than my CL throughout the month on more than one occasion) though I keep pretty low reported utilization and have been doing AZEO the last few months. If Cap1 were to approve me, what kind of of SL could I reasonably expect to see and what kind of fure CLIs would be reasonable to receive/ask for? Also, while I tend to think I would get denied for the regular version with the SUB, should I consider applying for it rather than the "For Good Credit" when I'm ready in a couple months?

Re: Savor One for Good Credit -Starting CLs and bucketing

SUPERSQUID — Sun, 26 Jun 2022 12:13:46 GMT

I got the savor one for good credit 3k sl 1 year 11 mos post bk7 dc, my scores were 670's and my income at the time was 34000. instant approval.

ps - i burned cap 1 in my bk7 for 5k

Re: Savor One for Good Credit -Starting CLs and bucketing

Trini88 — Sun, 26 Jun 2022 12:33:05 GMT

Yesterday my sister did the prequal for Capital One and they said she prequalified for the SavorOne for good credit even tho she had alot of delinquencies on her credit report. I sent her my referral because I already have a SavorOne. Strangely.....my referral link is for excellent credit...she was instantly approved for the SavorOne "excellent credit" with the sub and got $10,000. Happy for her, mad at Capital One for saying my SavorOne is for excellent credit but bucketing me 😆

Re: Savor One for Good Credit -Starting CLs and bucketing

Trini88 — Sun, 26 Jun 2022 12:34:55 GMT

I was THIS CLOSE to canceling my SavorOne and reapplying for it 😂.

Re: Savor One for Good Credit -Starting CLs and bucketing

Zoostation1 — Sun, 26 Jun 2022 15:32:26 GMT

I'm going to wait a couple months on any of the Savor One cards to avoid the usual auto denial for less than 6 months from opening a Cap1 account. I also see you have the Amazon Visa. How did you manage to get approved being way beyond 5/24?

Re: Savor One for Good Credit -Starting CLs and bucketing

Trini88 — Sun, 26 Jun 2022 15:54:09 GMT

@Zoostation1 wrote:
I'm going to wait a couple months on any of the Savor One cards to avoid the usual auto denial for less than 6 months from opening a Cap1 account. I also see you have the Amazon Visa. How did you manage to get approved being way beyond 5/24?

No clue. Chase approves and denies whoever they feel like I guess. Many people got denied being a little over or at 5/24, I got approved being 10/24. Only thing I can think of is, clean profile, high scores and I spend $1000s at Amazon yearly, might as well be rewarded for it. Only thing happened was, I wasn't instantly approved. They called me the next day to make sure it was me who applied and gave me the highest starting limit I ever got from a card.

Re: Savor One for Good Credit -Starting CLs and bucketing

LADave — Sun, 26 Jun 2022 23:55:14 GMT

@Trini88 wrote:
Yesterday my sister did the prequal for Capital One and they said she prequalified for the SavorOne for good credit even tho she had alot of delinquencies on her credit report. I sent her my referral because I already have a SavorOne. Strangely.....my referral link is for excellent credit...she was instantly approved for the SavorOne "excellent credit" with the sub and got $10,000. Happy for her, mad at Capital One for saying my SavorOne is for excellent credit but bucketing me 😆

It's so weird when C1 (and sometimes other banks) give preapprovals for lower-tier cards and then end up approving for higher-tier ones. I can only conclude that C1's preapproval criteria is perhaps more conservative than their actual approval criteria, even though @Zoostation1 can't get a C1 card for a couple more months.

I'm getting preapprovals for SavorOne for Good Credit, and @Trini88's post about her sister has me very tempted. If it wasn't for the fact that I'd rather get a Venture or Venture X card in the next 6 months I might actually pull the trigger 😂

Re: Savor One for Good Credit -Starting CLs and bucketing

Trini88 — Mon, 27 Jun 2022 03:37:23 GMT

@LADave wrote:
@Trini88 wrote:
Yesterday my sister did the prequal for Capital One and they said she prequalified for the SavorOne for good credit even tho she had alot of delinquencies on her credit report. I sent her my referral because I already have a SavorOne. Strangely.....my referral link is for excellent credit...she was instantly approved for the SavorOne "excellent credit" with the sub and got $10,000. Happy for her, mad at Capital One for saying my SavorOne is for excellent credit but bucketing me 😆

It's so weird when C1 (and sometimes other banks) give preapprovals for lower-tier cards and then end up approving for higher-tier ones. I can only conclude that C1's preapproval criteria is perhaps more conservative than their actual approval criteria, even though @Zoostation1 can't get a C1 card for a couple more months.

I'm getting preapprovals for SavorOne for Good Credit, and @Trini88's post about her sister has me very tempted. If it wasn't for the fact that I'd rather get a Venture or Venture X card in the next 6 months I might actually pull the trigger 😂

I'm wondering if she even got the excellent version because the referral I had was for the excellent version. It did tell her however that if she didn't get it for the excellent one, they would give her the alternative version i.e for "good credit".

Re: Savor One for Good Credit -Starting CLs and bucketing

OmarGB9 — Mon, 27 Jun 2022 05:34:16 GMT

@Trini88 wrote:
@LADave wrote:
@Trini88 wrote:
Yesterday my sister did the prequal for Capital One and they said she prequalified for the SavorOne for good credit even tho she had alot of delinquencies on her credit report. I sent her my referral because I already have a SavorOne. Strangely.....my referral link is for excellent credit...she was instantly approved for the SavorOne "excellent credit" with the sub and got $10,000. Happy for her, mad at Capital One for saying my SavorOne is for excellent credit but bucketing me 😆

It's so weird when C1 (and sometimes other banks) give preapprovals for lower-tier cards and then end up approving for higher-tier ones. I can only conclude that C1's preapproval criteria is perhaps more conservative than their actual approval criteria, even though @Zoostation1 can't get a C1 card for a couple more months.

I'm getting preapprovals for SavorOne for Good Credit, and @Trini88's post about her sister has me very tempted. If it wasn't for the fact that I'd rather get a Venture or Venture X card in the next 6 months I might actually pull the trigger 😂
I'm wondering if she even got the excellent version because the referral I had was for the excellent version. It did tell her however that if she didn't get it for the excellent one, they would give her the alternative version i.e for "good credit".

Easiest way to know is whether they got the SUB.

Re: Savor One for Good Credit -Starting CLs and bucketing

Trini88 — Mon, 27 Jun 2022 06:34:54 GMT

@OmarGB9 wrote:
@Trini88 wrote:
@LADave wrote:
@Trini88 wrote:
Yesterday my sister did the prequal for Capital One and they said she prequalified for the SavorOne for good credit even tho she had alot of delinquencies on her credit report. I sent her my referral because I already have a SavorOne. Strangely.....my referral link is for excellent credit...she was instantly approved for the SavorOne "excellent credit" with the sub and got $10,000. Happy for her, mad at Capital One for saying my SavorOne is for excellent credit but bucketing me 😆

It's so weird when C1 (and sometimes other banks) give preapprovals for lower-tier cards and then end up approving for higher-tier ones. I can only conclude that C1's preapproval criteria is perhaps more conservative than their actual approval criteria, even though @Zoostation1 can't get a C1 card for a couple more months.

I'm getting preapprovals for SavorOne for Good Credit, and @Trini88's post about her sister has me very tempted. If it wasn't for the fact that I'd rather get a Venture or Venture X card in the next 6 months I might actually pull the trigger 😂
I'm wondering if she even got the excellent version because the referral I had was for the excellent version. It did tell her however that if she didn't get it for the excellent one, they would give her the alternative version i.e for "good credit".
Easiest way to know is whether they got the SUB.

Well yes she did. They didn't offer her the excellent version, they offered her the good version with no sub. I sent her my "excellent" referral link and she received the SavorOne with the sub and a $10,000 limit.

Re: Savor One for Good Credit -Starting CLs and bucketing

lanemeyer — Tue, 28 Jun 2022 12:44:09 GMT

Another data point for you: after 8-9 months of having a Quicksilver, my wife started receiving pre-approved offers for the "Good Credit" SavorOne when she signed into her Cap1 account and in her "For You" box on the Cap1 Creditwise site. She ignored the offers for a few months hoping they would offer her the "Excellent" one but they never did. She finally decided to take a shot by ignoring the pre-approval links and applied directly on the website for the "Excellent" version and was approved (3k) with the SUB. Her FICO 8's at the time were in the 665 range but she had a year of heavy use and solid payments with Cap1.

Re: Savor One for Good Credit -Starting CLs and bucketing

Zoostation1 — Wed, 29 Jun 2022 01:12:07 GMT

@lanemeyer wrote:
Another data point for you: after 8-9 months of having a Quicksilver, my wife started receiving pre-approved offers for the "Good Credit" SavorOne when she signed into her Cap1 account and in her "For You" box on the Cap1 Creditwise site. She ignored the offers for a few months hoping they would offer her the "Excellent" one but they never did. She finally decided to take a shot by ignoring the pre-approval links and applied directly on the website for the "Excellent" version and was approved (3k) with the SUB. Her FICO 8's at the time were in the 665 range but she had a year of heavy use and solid payments with Cap1.

Good to know! My FICO8s are just a touch below at 659, 656, 663 but in the ballpark. I've got solid usage on the card thus far and have been averaging $2k/mo spend per statement on a $2k limit from cap1 now That will probably drop down when my Discover gets unsecured but would expect to still be at least $1k-1.2k/mo spend every statement before making a Savor One application (if approved without a toy limit it would get the largest chunk of my spend). My biggest worry is the BK7 on my record would be held us as a reason but that was discharged in Feb '18 and they were not burned in it.

Re: Savor One for Good Credit -Starting CLs and bucketing

LADave — Wed, 29 Jun 2022 05:44:47 GMT

Even though Savor One for "excellent" credit doesn't look as compelling on paper as the new WF Autograph, it does have an SUB I could take advantage of while I wait to become eligible for another WF SUB (unless WF waives their 15 month waiting period between bonuses). Staying in the garden can sometimes be quite a challenge. 😅😜🤨

The points on Savor One can be pooled with Venture One, Venture and Venture X cards, so that's something.

Re: Savor One for Good Credit -Starting CLs and bucketing

BenTramer1978 — Wed, 29 Jun 2022 11:31:27 GMT

@Zoostation1 wrote:
I also see you have the Amazon Visa. How did you manage to get approved being way beyond 5/24?

Well im currently 8/24 and the link says im preapproved. I not pulling thr trigger until September but im pretty sure I will get it.

Re: Savor One for Good Credit -Starting CLs and bucketing

GMCTexas — Mon, 04 Jul 2022 13:41:34 GMT

After reading this might dump Cap1 altogether (aside from Kohl's $3k and Walmart $3k)

I have had a QS 1 for probably 5yrs. My initial SL was $1500. I used to use it semi regular when I first had it but it's been paid off and rarely used in the last few years. I have never gotten an auto CLI and I have repeatedly been denied CLI when I ask for it.

I have near 800 FICO 8, $100k income, other cards $10k, 15k, 18k. Utilization 5%. I applied for a few cards the other day, first cards I've applied for in 2 years. Was approved for a few higher limits, (2) at 15k, 1 at 10k. I checked pre-approval at Cap1, it said Savor. I was approved for..... $300. **bleep**?! How can people coming off a semi recent BK get SL 10x higher than me? I'm pissed that I wasted a HP for a $300 card and that I never get CLIs from Cap1

Re: Savor One for Good Credit -Starting CLs and bucketing

Zoostation1 — Mon, 04 Jul 2022 17:10:05 GMT

I can't speak for the low limit on Savor, but in regards to CLIs my understanding C1 likes to see significant usage for several months in a row before they'll consider a CLI. Has me wondering if you would have gotten higher on the Savor if you were using the QS regularly leading up to the application (and then go back to sock drawer etc).

Re: Savor One for Good Credit -Starting CLs and bucketing

LADave — Mon, 04 Jul 2022 18:16:11 GMT

@Zoostation1 wrote:
I can't speak for the low limit on Savor, but in regards to CLIs my understanding C1 likes to see significant usage for several months in a row before they'll consider a CLI. Has me wondering if you would have gotten higher on the Savor if you were using the QS regularly leading up to the application (and then go back to sock drawer etc).

That's true for CLIs, but it seems less true for new credit applications. I suspect there were other factors at play, perhaps including the app spree if they saw multiple HPs on the same day.

Re: Savor One for Good Credit -Starting CLs and bucketing

OmarGB9 — Mon, 04 Jul 2022 21:27:36 GMT

@GMCTexas wrote:
After reading this might dump Cap1 altogether (aside from Kohl's $3k and Walmart $3k)

I have had a QS 1 for probably 5yrs. My initial SL was $1500. I used to use it semi regular when I first had it but it's been paid off and rarely used in the last few years. I have never gotten an auto CLI and I have repeatedly been denied CLI when I ask for it.

I have near 800 FICO 8, $100k income, other cards $10k, 15k, 18k. Utilization 5%. I applied for a few cards the other day, first cards I've applied for in 2 years. Was approved for a few higher limits, (2) at 15k, 1 at 10k. I checked pre-approval at Cap1, it said Savor. I was approved for..... $300. **bleep**?! How can people coming off a semi recent BK get SL 10x higher than me? I'm pissed that I wasted a HP for a $300 card and that I never get CLIs from Cap1

I believe you're just not their target customer at this point. Perhaps if you had applied for a Venture/Venture X, you would have been approved with a far better SL since those are their top of the line cards, and each has a $5k minimum (possibly even $10k minimum on the X) SL.

Re: Savor One for Good Credit -Starting CLs and bucketing

righthererightnow — Thu, 07 Jul 2022 03:27:51 GMT

I got approved and I'm closer to BK than you.
My limit on that card was higher than my Quicksilver, so I'm hoping it will grow.
I say go for it

Re: Savor One for Good Credit -Starting CLs and bucketing

Zoostation1 — Fri, 08 Jul 2022 00:58:56 GMT

Figures that since I want a Savor One I'm now getting a QS pre approval offer via email and in my account (26.49%, 0% for 9 months intro). It's some sort of offer that's slightly better than the no sub QS For Good Credit (26.99%, no sub, no 0% intro) but well below the regular $200 sub with 0% for 15 month intro for QS. Still better than my QS1 that's been a double edged sword and would love to PC to anything else the first opportunity (if they'll ever let it).