topic Re: Capital One Continues To Make Me Shake My Head in Credit Card Applications

Capital One Continues To Make Me Shake My Head

Jordan23ww — Thu, 31 Aug 2023 13:58:51 GMT

I have been contemplating adding the Capital One Venture X card. My wife has a Quicksilver card and when I did the pre-approval form they said that she was pre-approved for the Venture X. I decided to check my pre-approvals too to see what they said. Now I am already very familiar with Capital One because we have been dealing with them for 12 plus years. I knew that they were not a fan of people with a lot of open revolving accounts and with me having 27 accounts, I went into the pre-approval anticipating my chances might not be favorable. What I didn't expect though was the card, yes 1 card they said I am eligible for!

They told me I was eligible for the secured Quicksilver card! With scores in the 700's and 800's, card utilization lower than 1% and 27 cards all reporting on time payments, no late payments and a credit history that extends back 18+ years, that was the only option. It made me literally shake my head and laugh! Needless to say I will not be applying for the secured Quicksilver or the Venture X on my profile. I'm already an authorized user on my wife's Quicksilver card and we've been trying to product change that to a Savor One for 2 years but it hasn't been an option, so I don't need a duplicate of that card. Not sure yet if I will apply on my wife's behalf. Will need to discuss that with her. Figured I'd just share this as a data point!

For the pre-approval tool there was an option to get pre-approved for any of the Quicksilver, Savor, and Platinum cards along with the Venture and Venture One cards. That's what I did initially where I received the Quicksilver card offer. Then I went to the Venture X card and there was an option there to see if you're pre-approved for that card specifically. That's how I got the reason for my denial, which was too many open revolving accounts.

Re: Capital One Continues To Make Me Shake My Head

FireMedic1 — Thu, 31 Aug 2023 14:33:53 GMT

Sorry for the decline. I just went on the regular pre-approval and got 2 secured versions. LOL!

Re: Capital One Continues To Make Me Shake My Head

Jordan23ww — Thu, 31 Aug 2023 14:37:03 GMT

@FireMedic1 wrote:
Sorry for the decline. I just went on the regular pre-approval and got 2 secured versions. LOL!

@FireMedic1 Looks like they like you more than they like me!😂🤣😂

Re: Capital One Continues To Make Me Shake My Head

hawkins — Thu, 31 Aug 2023 17:17:58 GMT

@Jordan23ww wrote:
I have been contemplating adding the Capital One Venture X card. My wife has a Quicksilver card and when I did the pre-approval form they said that she was pre-approved for the Venture X. I decided to check my pre-approvals too to see what they said. Now I am already very familiar with Capital One because we have been dealing with them for 12 plus years. I knew that they were not a fan of people with a lot of open revolving accounts and with me having 27 accounts, I went into the pre-approval anticipating my chances might not be favorable. What I didn't expect though was the card, yes 1 card they said I am eligible for!

They told me I was eligible for the secured Quicksilver card! With scores in the 700's and 800's, card utilization lower than 1% and 27 cards all reporting on time payments, no late payments and a credit history that extends back 18+ years, that was the only option. It made me literally shake my head and laugh! Needless to say I will not be applying for the secured Quicksilver or the Venture X on my profile. I'm already an authorized user on my wife's Quicksilver card and we've been trying to product change that to a Savor One for 2 years but it hasn't been an option, so I don't need a duplicate of that card. Not sure yet if I will apply on my wife's behalf. Will need to discuss that with her. Figured I'd just share this as a data point!

For the pre-approval tool there was an option to get pre-approved for any of the Quicksilver, Savor, and Platinum cards along with the Venture and Venture One cards. That's what I did initially where I received the Quicksilver card offer. Then I went to the Venture X card and there was an option there to see if you're pre-approved for that card specifically. That's how I got the reason for my denial, which was too many open revolving accounts.

Dont worry too much they do that **bleep** all the time. Its just Cap 1 being Cap 1. They do like thinner profiles though. My DW got a little over a month or so ago got the Venture card with a starting SL of 10K and I was messing around this morning with the limit increase button and got her a 5k increase! The card is not even 2 months old. I didnt even know they did that. So with them you just never know.

Re: Capital One Continues To Make Me Shake My Head

Jordan23ww — Thu, 31 Aug 2023 19:37:53 GMT

@hawkins wrote:
@Jordan23ww wrote:
I have been contemplating adding the Capital One Venture X card. My wife has a Quicksilver card and when I did the pre-approval form they said that she was pre-approved for the Venture X. I decided to check my pre-approvals too to see what they said. Now I am already very familiar with Capital One because we have been dealing with them for 12 plus years. I knew that they were not a fan of people with a lot of open revolving accounts and with me having 27 accounts, I went into the pre-approval anticipating my chances might not be favorable. What I didn't expect though was the card, yes 1 card they said I am eligible for!

They told me I was eligible for the secured Quicksilver card! With scores in the 700's and 800's, card utilization lower than 1% and 27 cards all reporting on time payments, no late payments and a credit history that extends back 18+ years, that was the only option. It made me literally shake my head and laugh! Needless to say I will not be applying for the secured Quicksilver or the Venture X on my profile. I'm already an authorized user on my wife's Quicksilver card and we've been trying to product change that to a Savor One for 2 years but it hasn't been an option, so I don't need a duplicate of that card. Not sure yet if I will apply on my wife's behalf. Will need to discuss that with her. Figured I'd just share this as a data point!

For the pre-approval tool there was an option to get pre-approved for any of the Quicksilver, Savor, and Platinum cards along with the Venture and Venture One cards. That's what I did initially where I received the Quicksilver card offer. Then I went to the Venture X card and there was an option there to see if you're pre-approved for that card specifically. That's how I got the reason for my denial, which was too many open revolving accounts.

Dont worry too much they do that **bleep** all the time. Its just Cap 1 being Cap 1. They do like thinner profiles though. My DW got a little over a month or so ago got the Venture card with a starting SL of 10K and I was messing around this morning with the limit increase button and got her a 5k increase! The card is not even 2 months old. I didnt even know they did that. So with them you just never know.

@hawkins oh wow! Very nice! congratulations on that approval and limit increase so soon after the approval! Love seeing things like this!

The experience with Capital One today is just another bad experience with them on a growing list of things I wish they did differently. They are my least favorite issuer out of all the banks I have cards with. That's one reason we only have the Quicksilver card. We have multiple cards with almost every issuer but them.

Re: Capital One Continues To Make Me Shake My Head

CreditCuriosity — Thu, 31 Aug 2023 19:44:12 GMT

That is their way of saying you have too many inquiries/new accounts and thanks but no thanks to you.. go a year without a new card/inquiry and that will likely change

Re: Capital One Continues To Make Me Shake My Head

Jordan23ww — Thu, 31 Aug 2023 22:30:39 GMT

@CreditCuriosity wrote:
That is their way of saying you have too many inquiries/new accounts and thanks but no thanks to you.. go a year without a new card/inquiry and that will likely change

@CreditCuriosity Thank you for the tip!

Re: Capital One Continues To Make Me Shake My Head

Zoostation1 — Thu, 31 Aug 2023 22:55:15 GMT

@Jordan23wwyou might want to also check out this other thread regarding preapproval DPs:

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Venture-X-Preapproval-Data-Points/m-p/6699161

Re: Capital One Continues To Make Me Shake My Head

TRC_WA — Fri, 01 Sep 2023 00:24:51 GMT

@Jordan23ww wrote:
With scores in the 700's and 800's, card utilization lower than 1% and 27 cards all reporting on time payments, no late payments and a credit history that extends back 18+ years, that was the only option. It made me literally shake my head and laugh!

Cap One is probably shaking their head and laughing too.

"Why does anyone need 27 credit cards?"

DECLINED!

Re: Capital One Continues To Make Me Shake My Head

Meanmchine — Fri, 01 Sep 2023 01:50:02 GMT

@FireMedic1 wrote:
Sorry for the decline. I just went on the regular pre-approval and got 2 secured versions. LOL!

Ditto

Re: Capital One Continues To Make Me Shake My Head

GZG — Fri, 01 Sep 2023 04:00:14 GMT

@Jordan23ww

try the pre-approval links specifically for savor/savor one/venture, you can find them on the specific card pages themselves, not just the generic pre-approval link

they seem to produce better results than the generic one that loves to give the secured card.

https://www.capitalone.com/credit-cards/preapprove/u/?landingPage=savorone
https://www.capitalone.com/credit-cards/preapprove/u/?landingPage=venture

and not

https://www.capitalone.com/credit-cards/preapprove/?landingPage=ehpnav

100% agree with just putting on P2 and adding yourself though

with your venture-x pre-approval denial though, I'm expecting you see this:

Re: Capital One Continues To Make Me Shake My Head

Jordan23ww — Fri, 01 Sep 2023 18:39:30 GMT

@Zoostation1 wrote:
@Jordan23wwyou might want to also check out this other thread regarding preapproval DPs:

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Venture-X-Preapproval-Data-Points/m-p/6699161

@Zoostation1 ok, cool! Thank you for the link! I'll check it out!

Re: Capital One Continues To Make Me Shake My Head

Jordan23ww — Fri, 01 Sep 2023 18:40:40 GMT

@Meanmchine wrote:
@FireMedic1 wrote:
Sorry for the decline. I just went on the regular pre-approval and got 2 secured versions. LOL!

Ditto

@Meanmchine oh, wow! Sorry to hear this! Thank you for letting us know!

Re: Capital One Continues To Make Me Shake My Head

Jordan23ww — Fri, 01 Sep 2023 18:44:13 GMT

@GZG wrote:
@Jordan23ww

try the pre-approval links specifically for savor/savor one/venture, you can find them on the specific card pages themselves, not just the generic pre-approval link

they seem to produce better results than the generic one that loves to give the secured card.

https://www.capitalone.com/credit-cards/preapprove/u/?landingPage=savorone
https://www.capitalone.com/credit-cards/preapprove/u/?landingPage=venture

and not

https://www.capitalone.com/credit-cards/preapprove/?landingPage=ehpnav

100% agree with just putting on P2 and adding yourself though

with your venture-x pre-approval denial though, I'm expecting you see this:

@GZG Thank you for the links, tips and suggestions! If I end up going for it I will more than likely apply with my wife's approval through her info. She's been with them for 12 years as a primary card holder. I've been with them 12 years also but always as an authorized user. Thank you again for the info!

Re: Capital One Continues To Make Me Shake My Head

nytokyobred79 — Sat, 02 Sep 2023 10:14:16 GMT

@hawkins wrote:
@Jordan23ww wrote:
I have been contemplating adding the Capital One Venture X card. My wife has a Quicksilver card and when I did the pre-approval form they said that she was pre-approved for the Venture X. I decided to check my pre-approvals too to see what they said. Now I am already very familiar with Capital One because we have been dealing with them for 12 plus years. I knew that they were not a fan of people with a lot of open revolving accounts and with me having 27 accounts, I went into the pre-approval anticipating my chances might not be favorable. What I didn't expect though was the card, yes 1 card they said I am eligible for!

They told me I was eligible for the secured Quicksilver card! With scores in the 700's and 800's, card utilization lower than 1% and 27 cards all reporting on time payments, no late payments and a credit history that extends back 18+ years, that was the only option. It made me literally shake my head and laugh! Needless to say I will not be applying for the secured Quicksilver or the Venture X on my profile. I'm already an authorized user on my wife's Quicksilver card and we've been trying to product change that to a Savor One for 2 years but it hasn't been an option, so I don't need a duplicate of that card. Not sure yet if I will apply on my wife's behalf. Will need to discuss that with her. Figured I'd just share this as a data point!

For the pre-approval tool there was an option to get pre-approved for any of the Quicksilver, Savor, and Platinum cards along with the Venture and Venture One cards. That's what I did initially where I received the Quicksilver card offer. Then I went to the Venture X card and there was an option there to see if you're pre-approved for that card specifically. That's how I got the reason for my denial, which was too many open revolving accounts.

Dont worry too much they do that **bleep** all the time. Its just Cap 1 being Cap 1. They do like thinner profiles though. My DW got a little over a month or so ago got the Venture card with a starting SL of 10K and I was messing around this morning with the limit increase button and got her a 5k increase! The card is not even 2 months old. I didnt even know they did that. So with them you just never know.

Cap 1 is funny like that bc I was able to get a 1K increase(so request) on my card a month after opening it last June. Not sure what there rhyme or reason is. I barely used the card once then

Re: Capital One Continues To Make Me Shake My Head

UncleB — Mon, 18 Sep 2023 10:01:21 GMT

@CreditCuriosity wrote:
That is their way of saying you have too many inquiries/new accounts and thanks but no thanks to you.. go a year without a new card/inquiry and that will likely change

Yep, this has been my experience as well.

While I've not tried in a while, I suspect if I were to give the prequal a 'whirl it would similarly offer me nothing but the secured cards as well. I did notice a couple of years ago when I was strategically gardening for the Chase Freedom Flex that once I was under 5/24 I suddenly had prequal offers with Capital One. I'm not saying Capital One has a firm 5/24, but their prequal tool seems to have something at least similar.

In my case I admit it's rather humbling to have some pretty good cards while at the same time not being able to qualify for a Walmart card, but that's just how it goes sometimes, haha. ¯\_(ツ)_/¯