topic Re: Aggravated with Capital One in Credit Cards

Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 20:42:25 GMT

Last year I got the their secured card($201) and the classic platinum($300) to start rebuilding. Fast foward to now and both cards are only up to $500 each with a perfect payment history. I decided to apply for a GM card, denied, too may cards. App'd for QS...denied, too many cards. Asked for increase on secured...denied. Asked for an increase on platinum...denied. Logged into my account and saw an auto increase in secured. Contacted customer service and was told that i can have more than two cards. I was able to PC to QS even though the website was showing no offers. App'd for Sony card...denied and I dont know why. The system that sends you the link to the denial letter doesn't work. Once i login the only letter that shows is one from a previous application. Stupidly, i even app'ed for a business card. Denied and of course, no info as to why because I cant access the letter. Since then I have been able to get a Chase Freedom for $3k and both personal Southwest cards @ $2k limit each. My scores have taken a dip since then because of the recent INQ's and 35% overall util, but i figured the relationship with them would mean something. Apparently it doesn't. Ill probably cancel these and take my business elsewhere.

EDIT: I did not make this clear initially, but this was not something that happened within a few days or even a week or so. It happened over a period of months.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:03:12 GMT

And this is why capital one has a terrible reputation with the in between crowd.

Re: Aggravated with Capital One

kdm31091 — Mon, 09 Feb 2015 16:08:00 GMT

I wouldn't have applied for so many Capital One products so close together...1 new HP on each bureau for each of those...kind of a waste. Clearly, they aren't ready to extend you more credit if you they won't even increase your existing CL, so I doubt they would approve you for a new product.

Capital One's reputation aside, you simply have to wait, show history and garden. Or try to get in with another lender if you are truly dissatisfied, but honestly, with your scores, you are not going to get approved for much with the "prime" lenders. I don't say this to be harsh or rude, but the reality is you just need to garden and allow your score to grow. Capital One should eventually raise your limits, or approve you for something else. If not, once your scores are higher, try another lender, that's all. I don't feel this is a case of Capital One being horrible, they just don't give out credit like candy, nor does any other lender. This is standard behavior IMO, you simply have to wait.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:12:01 GMT

I am aggravated with them also and will probably not use the card for a while or use it minimally if I cannot get any help or useful information. I see why people say they suck!

Re: Aggravated with Capital One

kdm31091 — Mon, 09 Feb 2015 16:13:17 GMT

I fail to see how this particular case is them "sucking". They may be being over conservative, but again, no creditor is just going to hand out credit just because you feel you should have it. Maybe OP's scores are simply not there yet in terms of getting additional credit. I bet it would be the same with most other lenders.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:14:48 GMT

Eventually could mean 10 years.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:16:06 GMT

kdm I was referring to my particular question and situation. And they still suck!!!!

Re: Aggravated with Capital One

kdm31091 — Mon, 09 Feb 2015 16:17:42 GMT

For some people they suck, but then again for some people Chase sucks, Citi sucks, whatever, it's all individual situations :-)

Re: Aggravated with Capital One

anm688 — Mon, 09 Feb 2015 16:58:35 GMT

It's always individual. Chase hates me, and CapOne loves me. But it took me 7.5 years of on time payments with them on two cards before they brought over my cake on a silver platter.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:20:22 GMT

True!

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:28:22 GMT

I forgot to mention that my DW, who has a lower score than me and a recent collectios from DirecTV for $900+ was denied an increase on her classic platinum for lates, but approved for a QS with 1000 limit a week later. It doesnt make any sense. I wanted to ditch the secured card and move on to another Cap One product which is why i apped for something diff (even though i shouldnt have done as many). Now i will ditch them all together. Not to mention they also offered me a auto loan with a ridiculous rate(after 'ive already paid a car off through them) last year.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 16:33:34 GMT

+1 give them some time to cool off and try them for a Venture when your scores are around 700.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 17:28:30 GMT

@kdm31091 wrote:
For some people they suck, but then again for some people Chase sucks, Citi sucks, whatever, it's all individual situations :-)

Right now Chase sucks because they denied me for the Freedom. But once they approve me, they won't suck any more.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 17:35:58 GMT

I really laughed out loud. Truth

Re: Aggravated with Capital One

dobirdsmommy — Mon, 09 Feb 2015 17:36:58 GMT

Wait you were approved with a 619 for a Chase Freedom for 3k?

Re: Aggravated with Capital One

b_diddy — Mon, 09 Feb 2015 17:44:19 GMT

@kdm31091 wrote:
For some people they suck, but then again for some people Chase sucks, Citi sucks, whatever, it's all individual situations :-)
⬆︎ That, exactly!

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 17:57:29 GMT

OP don't take this the wrong way, BUT YOUR SCORES SUCK!! And they suck bad!!

Okay, you can dislike Cap One, and you can say that you should have been approved for whatever card because....

But, the fact remains that currently your scores say that you are a high risk...

Each lender looks at YOUR credit and makes a determination based upon what they see. I have been a member of this forum just short of 2 months. My starting scores are in my sig. Chase turned me down for the Freedom card...BoA (who I have been banking with for 15 years) turned down my request to unsecure my card..Barclay no join... Now I have all. It is your responsibility to make the changes. I am amazed at how personal members take decisions by lenders? I assure you, if you cleaned up baddies on your report and raised your score just 55 points, you might have seen a different result.

Re: Aggravated with Capital One

Anonymous — Mon, 09 Feb 2015 18:02:38 GMT

I may have used a kinder method to state the above but since the cats out of the bag....+1 blackaces88

Re: Aggravated with Capital One

kdm31091 — Mon, 09 Feb 2015 18:03:09 GMT

+1, totally agreed. This is not a case of Capital One sucking. This is a case of simply having too risky a score, IMO.

Re: Aggravated with Capital One

chalupaman — Mon, 09 Feb 2015 18:09:34 GMT

Right now I think Citi sucks. Maybe if they gave me a Double Cash card my tune might change a bit.

I'll like CapOne a bit more if I got the Venture card and if they weren't so weird with their application process.