topic Re: Cap1 possibly opened their gate and letting me back in... in Bankruptcy

Cap1 possibly opened their gate and letting me back in...

Anonymous — Tue, 02 Jul 2019 21:46:46 GMT

Discharge Date: 7/24/2018

Current Experian (FICO 8) 636

I'm basically following the SoulMaster's "700 in 24 months..." and I'm just wondering if I should pull the triger for a Cap1. According to the plan you need 3 cards and an installment loan which I have now. Also I'm keepeing an 8% balance on one card only, that reports every month and the rest gets paid off before the statements get cut. May end up with a differrent card that reports monthly but always just one with 8% or less with PIF right after the statement date.

Cap1 locked me out for a long time because I burned them quite badly but their prequal page all of a sudden shows 2 options, namely the Platinum MC or the QS1. With that said should I get the Cap1 and then possibly get rid of my Merrick Visa as it is a "subprime" with not much future or hang in the garden for a while instead. I'd like to have cards that are keepers with some possible limit increases in the future.

Here is what I got since discharge:

CreditOne opened 6/2018 $300 (closed in 10 months because of $95 fee)
Discover opened 8/2018 $1500 (secured for first 8 months with $200 deposit)
Ollo Mastercard opened 2/2019 $2000
Merrick Visa opened 5/2019 $750
SelfLender opened 3/2019 (4 pymts made out of 12 total)
Target RedCard opened 6/2019 $300

Re: Cap1 possibly opened their gate and letting me back in...

Anonymous — Tue, 02 Jul 2019 23:43:59 GMT

I doubt you will get a cap one card so soon. I also went through bk 7 in july 2017 so its been two years. I also have ollo and they will keep raising your limit. I started with 2,000 and now up to 4300. I didn't even have to ask. Cap one approved me for store cards first and I just got a venture card for 10,000. Pretty good i'd say. My score is around 730 already. So get a cap one store card and wait six months and then apply for reg card. Helpful hint. Get a saks or neiman card and buy something expensive and then return it. It will look like u paid it off. lol Good luck

Re: Cap1 possibly opened their gate and letting me back in...

Shooting-For-800 — Wed, 03 Jul 2019 02:14:36 GMT

Any Cap One prequals?

Cap One will let you in...just a matter of when.

I burned them and now have 85k available between 3 of their cards.

Re: Cap1 possibly opened their gate and letting me back in...

Anonymous — Wed, 03 Jul 2019 03:42:17 GMT

@Shooting-For-800 wrote:
Any Cap One prequals?

Cap One will let you in...just a matter of when.

I burned them and now have 85k available between 3 of their cards.

At the end of this month it's 1 year since my discharge and I've got prequal offer for Platinum MC or the QS1. I'm just hesitant to pull the triger since I don't know if it's the right time based on my progress as discribed in my original post above.

Re: Cap1 possibly opened their gate and letting me back in...

FireMedic1 — Wed, 03 Jul 2019 07:29:43 GMT

Cap1 prequals are pretty solid. Stay away from the QS1. Go fo the Plat and upgrade 3-4 months after approval for cash back. You have what it takes now for the FICO bonus per say. Then say later to Merrick.

Re: Cap1 possibly opened their gate and letting me back in...

pizza1 — Wed, 03 Jul 2019 15:46:58 GMT

Their prequels are pretty solid. As long as It offers you a set APR, not a range, then its good. Make sure all your CRA are open. They will triple pull. Good luck!

Re: Cap1 possibly opened their gate and letting me back in...

lulumomma — Wed, 03 Jul 2019 15:34:01 GMT

How long after discharge did it take for Cap1 to let you back in?

Re: Cap1 possibly opened their gate and letting me back in...

pizza1 — Wed, 03 Jul 2019 15:47:44 GMT

@lulumomma wrote:
How long after discharge did it take for Cap1 to let you back in?

@lulumomma , who are you directing this question too?

Re: Cap1 possibly opened their gate and letting me back in...

lulumomma — Wed, 03 Jul 2019 15:56:59 GMT

@pizza1 wrote:
@lulumomma wrote:
How long after discharge did it take for Cap1 to let you back in?
@lulumomma , who are you directing this question too?

@pizza1 I thought I was replying to @shooting-For-800 I'm not sure what I did wrong.

Re: Cap1 possibly opened their gate and letting me back in...

FireMedic1 — Wed, 03 Jul 2019 22:11:38 GMT

@lulumomma wrote:
@pizza1 wrote:
@lulumomma wrote:
How long after discharge did it take for Cap1 to let you back in?
@lulumomma , who are you directing this question too?
@pizza1 I thought I was replying to @shooting-For-800 I'm not sure what I did wrong.

Its cool. You didnt do anything wrong. When you want to reply to a certain poster in a thread. Hit the quote button and type below the post you want to repsond to. I'll ping @Anonymous so they can answer your question.

Re: Cap1 possibly opened their gate and letting me back in...

FireMedic1 — Wed, 03 Jul 2019 22:11:05 GMT

Like @pizza1 said and you posted. If you got 2 cards to show up with the set APR. Thats a good sign. No one will really say yes apply. Least I wouldnt and it backfires. Looks promising.

Re: Cap1 possibly opened their gate and letting me back in...

pizza1 — Wed, 03 Jul 2019 22:16:56 GMT

@lulumomma wrote:
@pizza1 wrote:
@lulumomma wrote:
How long after discharge did it take for Cap1 to let you back in?
@lulumomma , who are you directing this question too?
@pizza1 I thought I was replying to @shooting-For-800 I'm not sure what I did wrong.

@lulumomma , no problem at all. I just wanted to make sure that if it was directed towards me, I would answer your question!

Re: Cap1 possibly opened their gate and letting me back in...

Anonymous — Fri, 05 Jul 2019 23:15:08 GMT

@FireMedic1 wrote:
Cap1 prequals are pretty solid. Stay away from the QS1. Go fo the Plat and upgrade 3-4 months after approval for cash back. You have what it takes now for the FICO bonus per say. Then say later to Merrick.

Today I did get the platinum card. Cap1 approved me instantly for $500. That is about a year after discharge. I burned them for 18K. I think I will get a little pull back on scores due to reduced average age as I closed CreditOne (my first and oldest card) plus the additional hard pulls. But I'm heading for the garden for a while anyway.

Re: Cap1 possibly opened their gate and letting me back in...

Anonymous — Sat, 06 Jul 2019 03:20:50 GMT

@Anonymous wrote:
@FireMedic1 wrote:
Cap1 prequals are pretty solid. Stay away from the QS1. Go fo the Plat and upgrade 3-4 months after approval for cash back. You have what it takes now for the FICO bonus per say. Then say later to Merrick.
Today I did get the platinum card. Cap1 approved me instantly for $500. That is about a year after discharge. I burned them for 18K. I think I will get a little pull back on scores due to reduced average age as I closed CreditOne (my first and oldest card) plus the additional hard pulls. But I'm heading for the garden for a while anyway.

Same here, burned them for $1800 and spammed their prequal site for months and 1 year and 2 days post DC and I'm finally back in. I was stupid and at the 1 year post filing date I app'd after seeing all these people getting Cap One prequal letters while filing for BK, and of course got denied.