topic Re: Capital One Pre-Approval in Credit Card Applications

Capital One Pre-Approval

Legally_Speaking2512 — Fri, 22 Mar 2024 21:32:58 GMT

Hi everyone,

Hope everybody's doing well. So I was playing around with Capital ones pre-approval link and sure enough I got pre-approved for the Capital One Platinum card in the Capital One Quicksilver rewards card.

Now, I am already a mega Capital One customer and when I say "mega"I mean I have a ton of their cards. Here's what I have:

* Menards

* Quicksilver One Rewards

* Quicksilver One

* Walmart store card (non-branded)

* Cabela's MasterCard

So what do you guys think? Should I try for another Quicksilver One? I feel like those cards generally come with like a $300 to $500 credit limit like my other ones did initially. Starting limit like that is not worth a triple pull. Anybody ever had this kind of experience where they keep offering you the same cards?... That you already have?... Multiples of? LOL.

Re: Capital One Pre-Approval

FicoMike0 — Fri, 22 Mar 2024 21:46:01 GMT

I don't see the point of more than one of the same card.

Re: Capital One Pre-Approval

NoHardLimits — Fri, 22 Mar 2024 23:35:17 GMT

If your signature is up to date, it looks like you have about a dozen credit accounts with half of them through Capital One. I would say the last thing you should be thinking about is adding another Capital One account. What would happen if Capital One decided to discontinue its relationship with you? You'd lose half of your accounts. Save your inquiries and new account slots for use with some different financial institutions.

Re: Capital One Pre-Approval

CreditPoor — Fri, 22 Mar 2024 23:37:24 GMT

Not quite sure why you would want a card that will almost certainly be a bucketed starter card added. Additionally, I would say chances are good you'd be denied and waste a tripple pull for a low budget card.

Re: Capital One Pre-Approval

CorpCrMgr1 — Sat, 23 Mar 2024 00:40:12 GMT

Through Cap1 I have a bucket Quicksilver and one regular QS CC. Plus a store WM and the BJ Wholesale CC. That is enough for me. Well, until my Discover card is converted.

Re: Capital One Pre-Approval

7774x — Sun, 24 Mar 2024 19:20:21 GMT

3 CR hard pulls .. or even 1 HP for another CapOne $500CL not worth spending an inquiry .. wait for something better.. If you have been current with accounts,....maybe a Mercury CC preapproval might be in your near future

Re: Capital One Pre-Approval

Legally_Speaking2512 — Mon, 25 Mar 2024 16:25:06 GMT

@NoHardLimits wrote:
If your signature is up to date, it looks like you have about a dozen credit accounts with half of them through Capital One. I would say the last thing you should be thinking about is adding another Capital One account. What would happen if Capital One decided to discontinue its relationship with you? You'd lose half of your accounts. Save your inquiries and new account slots for use with some different financial institutions.

That is a phenomenal point. I didn't even think about that. I didn't go through with it thank God. Excellent insight on your part and thank you!

Re: Capital One Pre-Approval

Legally_Speaking2512 — Mon, 25 Mar 2024 16:26:44 GMT

I was actually worried about the bucket card thing. I feel like they would just start me off like a $500 limit like always.

Re: Capital One Pre-Approval

Zoostation1 — Mon, 25 Mar 2024 23:45:59 GMT

@Legally_Speaking2512No, no, and no on applying for anything else from Capital One. You're just going to end up with more lower tier starter and/or rebuilder cards that won't grow. There's no point in having more than one QS and even more so having more than one QS1 is a bad idea given that it's just an annual fee version of teh regular QS. How old are the accounts you have? It doesn't take a really large number of cards to rebuild. Also, If one of those QS1 cards is more than 6-7 months old I'd try and product change it to a no annual fee card. You may not be able to (QS1 can be hard to get a PC on), but is definitely worth it to get rid of the AF. I had a QS1 and was able to PC it to VentureOne and eventually to regular QS.