topic Re: moving negative towards Cap One in Credit Cards

moving negative towards Cap One

ecxpa — Mon, 27 Apr 2015 20:28:04 GMT

So......like a lot of folks here I had some cards that were treansitioned to Cap 1 cards and they were stagnant. After over 10 yrs I had 5 cards with total CL of only S8900.......one had been renamed a Venture One card with 4.2K but an interest rate of 28.9% which is much higher than the advertised max rate of 22.9%........couldn't get this changed so I apped for a genuine Cap 1 card in Feb which was denied of course due to to many new accts on TU and not enough revolving accts on EQ which was a complete false statement, both of thes CRA's are showing tons of credit, most with zero balance.

So I closed all my Cap 1 accounts and re-apped a few days ago.........denied again but the letter they sent was the same letter down to the same date of my previous app. Clear proof to me the last app was not even reviewed. That tee'd me off so I called the EO and rep said she would have the app manually reviewed, probably more HP's but after 45 who's counting!

I have over 250K in CL, today's FICO EQ 732, TU 740, EX 750........Salary 150K plus bonuses. Just would like a Cap 1 for sentimental purposes since they were one of my first cards like so many others, plus I will be traveling more this year and the Venture could help out. Just wondering what kind of experience others have had with Cap 1 after closing a bunch of their accounts.

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:21:20 GMT

What is your UTL on the 250k

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:30:57 GMT

Yea, they suck

Re: moving negative towards Cap One

ecxpa — Mon, 27 Apr 2015 21:37:59 GMT

6-7% util

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:38:36 GMT

Is it possible 45+ inqs spooked Cap One lol?

Re: moving negative towards Cap One

ecxpa — Mon, 27 Apr 2015 21:38:39 GMT

6-7%

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:40:31 GMT

Wow

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:43:51 GMT

I've been with them over 10 years too. Just moved cards around at first. But never any great limits. Venture was the first new app in a very long time. Now thinking of comibinng my other 2 into 1 QS so I only have 2 cards. Could be the inquiries that spooked them? I am getting along with them much better than before and I have no idea why?

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:49:40 GMT

The pull a report every 30 days. If you app again within 30 days, they will use the same report. DI'd you app again after 30 days?

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:50:23 GMT

Capital one does not combine limits

Re: moving negative towards Cap One

Anonymous — Mon, 27 Apr 2015 21:52:09 GMT

@Anonymous wrote:
I've been with them over 10 years too. Just moved cards around at first. But never any great limits. Venture was the first new app in a very long time. Now thinking of comibinng my other 2 into 1 QS so I only have 2 cards. Could be the inquiries that spooked them? I am getting along with them much better than before and I have no idea why?

Cap One does not combine cards or reallocate limits period. Not even EO will do it. That is one of their hard set rules unfortunately although I've heard it "may" change in the future.

Re: moving negative towards Cap One

ecxpa — Tue, 28 Apr 2015 00:27:14 GMT

@Anonymous wrote:
Is it possible 45+ inqs spooked Cap One lol?

I guess it is possible.......lenders tend to vary on this. If this is the case then so be it.........I recently got a BBVA for 20k, Barclay Ring 12,5K, and Amex Delta Gold Card for 20k with these inquiries..

What gripes me is that they probably didn't even look at my credit reports after doing HP......they didn't really have a reason as to why they didn't even change the date on the letter from the previous denial which was almost 3 mos apart.

Re: moving negative towards Cap One

Anonymous — Tue, 28 Apr 2015 00:36:08 GMT

@ecxpa wrote:
@Anonymous wrote:
Is it possible 45+ inqs spooked Cap One lol?
I guess it is possible.......lenders tend to vary on this. If this is the case then so be it.........I recently got a BBVA for 20k, Barclay Ring 12,5K, and Amex Delta Gold Card for 20k with these inquiries..

What gripes me is that they probably didn't even look at my credit reports after doing HP......they didn't really have a reason as to why they didn't even change the date on the letter from the previous denial which was almost 3 mos apart.

Cap One isn't usually inq sensitive but 45+ they might notice.

But hang on a sec... You got a Ring with that many inqs??? Barclay made me recon my Sallie Mae with 4 inqs and wanted a f****** explanation for them lol!!!! I was like "I still have only student cards and needed to move up to prime cards". That satisfied them and I was approved. How did they approve you when they are so inq sensitive with so many here lol.

Re: moving negative towards Cap One

Luscher — Tue, 28 Apr 2015 00:39:08 GMT

and 6% of 250k is like 15k so they might not like that lol

Re: moving negative towards Cap One

ecxpa — Tue, 28 Apr 2015 00:54:18 GMT

@Luscher wrote:
and 6% of 250k is like 15k so they might not like that lol

That's really not that much.........usually my util goes to around 2-3% at mid month...........but you might be right. Guess I need to finish some remodeling projects and get it down if I want a Cap 1 card........right now I'm leaning toward saying screw'em.

Re: moving negative towards Cap One

Luscher — Tue, 28 Apr 2015 00:54:05 GMT

Its capone, nobody is ever right when trying to speculate what they are thinking

Re: moving negative towards Cap One

pizza1 — Tue, 28 Apr 2015 00:54:33 GMT

@Anonymous wrote:
Is it possible 45+ inqs spooked Cap One lol?

NO..45 inquires didnt spook them. I had 80+ on EQ, and 60+ on the other two adn got 4 cards 35 days apart from each other. IDK..its weird...

Re: moving negative towards Cap One

Anonymous — Tue, 28 Apr 2015 00:56:34 GMT

@pizza1 wrote:
@Anonymous wrote:
Is it possible 45+ inqs spooked Cap One lol?
NO..45 inquires didnt spook them. I had 80+ on EQ, and 60+ on the other two adn got 4 cards 35 days apart from each other. IDK..its weird...

Okay I thought 45 was a lot... YOU HAVE 80+ INQS?

Re: moving negative towards Cap One

ecxpa — Tue, 28 Apr 2015 01:27:58 GMT

IDK......Maybe it was my response I gave after using the chat line when I was trying to get the interest rates changed to reflect Cap 1's own rates.. Maybe they have blacklisted me.

Re: moving negative towards Cap One

wacdenney — Tue, 28 Apr 2015 03:33:12 GMT

I'm in the same boat as you. I can get approvals all day long for top notch cards, but Crap1 wont give me the time of day. It feels like they actually go out of their way to screw me over. They hate me and I hate them back! At this point I am done with them. Crap1 and Citi also. They can both kiss my arse!