topic Re: WTH cap one...!! Ugh in Credit Card Applications

WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 07:22:44 GMT

I applied for a cap one savior one with fico 738. They approved but altered the offer from free 15 month 0% apr on purchase n transfer to 24% n wanted to know if I accept or reject. Wat kinda douchery is that.. who on earth will accept it.. ding to score ugh I'm so pissed off

Re: WTH cap one...!! Ugh

SUPERSQUID — Wed, 16 Nov 2022 09:35:20 GMT

CONGRATS on the approval!!!!!

I know it sucks that they did the old switcheroo but you already paid the 3 hp's so might as well take the card and use it. its a great card especially the 3 pct cb on dining and groceries. redemtion of the cb is quick and easy. i have cashed out twice this year and had a check in my mailbox in 3 days. if you pif the interest rate is moot.

what sl did they give you?

Re: WTH cap one...!! Ugh

cashorcharge — Wed, 16 Nov 2022 19:18:40 GMT

WooHoo!! Congratulations on your Cap1 Approval!!👏🏼🍾🥂

Not ideal...but the account is now open and will likely begin reporting immediately.

Re: WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 19:26:55 GMT

Hmm it was late in the night and I was pissed off so I rejected the offer 😂.. should I call back?. I applied to Citi 5 mins later and got 12k approved. Still can't digest the capOne cheat..

Re: WTH cap one...!! Ugh

CYBERSAM — Wed, 16 Nov 2022 19:30:57 GMT

Oh! So it was just a pre-approval? Then I say no need, especially when you got Citi for 12K

Congrats on Citi 👍👍

Re: WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 19:32:50 GMT

No it was no pre-approval. It was card approval w credit pull. May be I should have accepted the offer for full apr but I didn't

@CYBERSAM wrote:
Oh! So it was just a pre-approval? Then I say no need, especially when you got Citi for 12K
Congrats on Citi 👍👍

Re: WTH cap one...!! Ugh

CYBERSAM — Wed, 16 Nov 2022 19:35:47 GMT

@Maxsun11 wrote:
No it was no pre-approval. It was card approval w credit pull. May be I should have accepted the offer for full apr but I didn't
@CYBERSAM wrote:
Oh! So it was just a pre-approval? Then I say no need, especially when you got Citi for 12K
Congrats on Citi 👍👍

If that is the case then your new card is in the mail!

Re: WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 19:38:53 GMT

No. Basically it said I am not approved for savior one with intro Apr but they can offer same card with full apr. And after I rejected got email w this

unfortunately we were unable to approve your application at this time. We know you’re disappointed. To help you understand why, we’ve explained the reason for this decision in a letter or email that you’ll receive within 10 days.

Can I call back and talk to UW..any chances?

Re: WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 19:40:11 GMT

Who on earth will accept a cc with 24% Apr.. esp when I have 720+ score.. I'm still upset w the bait and switch ugh

Re: WTH cap one...!! Ugh

GZG — Wed, 16 Nov 2022 19:49:55 GMT

@Maxsun11 wrote:
I applied for a cap one savior one with fico 738. They approved but altered the offer from free 15 month 0% apr on purchase n transfer to 24% n wanted to know if I accept or reject. Wat kinda douchery is that.. who on earth will accept it.. ding to score ugh I'm so pissed off

perhaps they were spooked by your current utlization?

Unfortunate they weren't able to offer the no APR offer they offered you in the prequal. I doubt they'll be able to reserve the rejection now that you've declined it, you'll have to apply again. Perhaps if you clean up any outstanding utlilzartion before applying again, you'll get the 0 APR offer next time.

Cap1 extends the olive branch to more people and offers them a chance when others wouldn't and in exchange they treat you less like a person and cut costs with support. It's nothing personal, just their business model.

Re: WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 19:54:00 GMT

Don't know what spooked them but they spooked me. I may not go back to capOne for a while. I would have not been offended if they flat out rejected.. it's the 24% Apr is disrespectful

Re: WTH cap one...!! Ugh

FireMedic1 — Wed, 16 Nov 2022 20:18:46 GMT

@Maxsun11 wrote:
Who on earth will accept a cc with 24% Apr.. esp when I have 720+ score.. I'm still upset w the bait and switch ugh

Should have taken it. Got the triple pull now for nothing. I was just approved for the WF Active Cash 23.4 APR. Dont care about the % because I dont carry balances. 720's doesnt get you into the upper tier lower APR scale. Anyway. Welcome to the forums and the FICO banking world! Least you didnt fall on the highiest end of the APR 17.99% - 27.99% variable.

Re: WTH cap one...!! Ugh

Maxsun11 — Wed, 16 Nov 2022 20:14:35 GMT

Didn't have triple pull only transunion. Was looking for bt card and at 24% didn't make sense to have it... Disagree w low Apr and score comment. Each one of my cards came w intro 0 Apr. Have seen people get 0 with 650 heck I got it when I was rebuilding w 650 from discover

Re: WTH cap one...!! Ugh

CYBERSAM — Wed, 16 Nov 2022 20:19:27 GMT

CapOne's Savor product line is considered Co-branded CCs after they got migrated to Capone and rebranded. However for reward Co-branded CCs 24% APR is normal these days!

There are many core CCs that are better options anyway. You can find credit unions that offer much better CCs with much lower APR.

Re: WTH cap one...!! Ugh

FireMedic1 — Wed, 16 Nov 2022 20:22:48 GMT

@Maxsun11 wrote:
Didn't have triple pull only transunion. Was looking for bt card and at 24% didn't make sense to have it... Disagree w low Apr and score comment. Each one of my cards came w intro 0 Apr. Have seen people get 0 with 650 heck I got it when I was rebuilding w 650 from discover

No bank operates the same as the other. Each one has their own system. Yes you have lower APR's on other cards. At least for now unless you checked recently with the prime rate going up so does CC APR's. And you cant compare yourself with other people. I was 710's when I got the Savor. Members with 800+ scores were denied. Without a BK like me. Were are fingerprints on here. No one matches. Many get pre-approved for a certain amount and its lowered after the HP and approval. Thats credit life Max.

Re: WTH cap one...!! Ugh

SUPERSQUID — Wed, 16 Nov 2022 20:23:38 GMT

@CYBERSAM wrote:
CapOne's Savor product line is considered Co-branded CCs after they got migrated to Capone and rebranded. However for reward Co-branded CCs 24% APR is normal these days!
There are many core CCs that are better options anyway. You can find credit unions that offer much better CCs with much lower APR.

I wish cap one gave me 24 pct, both my cards QS and SO are 29.99, its ok though i pay heavy and dont keep much of a balance.

Re: WTH cap one...!! Ugh

GZG — Wed, 16 Nov 2022 21:05:53 GMT

@Maxsun11 wrote:
Didn't have triple pull only transunion. Was looking for bt card and at 24% didn't make sense to have it... Disagree w low Apr and score comment. Each one of my cards came w intro 0 Apr. Have seen people get 0 with 650 heck I got it when I was rebuilding w 650 from discover

keeping your reports frozen is probably why they couldn't give you the 0% apr offer in the first place

Re: WTH cap one...!! Ugh

FireMedic1 — Wed, 16 Nov 2022 21:41:55 GMT

@CYBERSAM wrote:
CapOne's Savor product line is considered Co-branded CCs after they got migrated to Capone and rebranded. However for reward Co-branded CCs 24% APR is normal these days!
There are many core CCs that are better options anyway. You can find credit unions that offer much better CCs with much lower APR.

@CYBERSAM Co-Branded? Migrated/rebranded from who?

Re: WTH cap one...!! Ugh

M_Smart007 — Wed, 16 Nov 2022 21:49:16 GMT

Congrats?

Re: WTH cap one...!! Ugh

OmarGB9 — Wed, 16 Nov 2022 23:03:52 GMT

Sorry they did that to you, but you should've accepted. Now you have a HP or 2 with nothing to show for it. And unfortunately they don't do recons at all.

BTW why is it so "offensive"? You can't really expect all banks to treat you the same. You have pretty good scores, and in all honesty, you're probably not the typical Cap One customer. They hand out those high APRs to almost everybody, regardless of scores. I say you're not the typical customer because the typical customer is usually a rebuilder/new to credit.