topic Re: When to App for another Capital One in Credit Cards

When to App for another Capital One

Anonymous — Fri, 26 Feb 2016 08:14:55 GMT

I originally apped for QS1 and got it. Denied Venture and Platinum. I called about the platinum and they said they would have to do another hard pull. So I declined. The reason for the decline was I had an app processing or being proccessed which was the approval for the QS1.

So, when do I apply again for a platnum, Venture one and eventually when my scores are high enough a venture/QS.

The goal is to combine and just keep the venture/QS. I am not sure what is world mastercard and visa signature or whatever i see around these forums. Just thought I could ask as well. I am sure some meanie will come and say go look it up but I don't have that time atm.

Kind regards,

Archangel

Re: When to App for another Capital One

Chris679 — Fri, 26 Feb 2016 09:03:05 GMT

If I am reading this right and you just opened three new accounts then I would wait 12 months to apply for anything else.

Re: When to App for another Capital One

EAJuggalo — Sat, 27 Feb 2016 03:08:06 GMT

Platinum you should be able to get in a month or two. Venture one is about the same level if not a little higher than the QS, and both are considered below the Venture. Stories around here are the Platinum can be turned into the standard QS at 3-4 months. I'd suggest not even thinking about a Venture or V1 until scores are 700. Visa Signature and World Mastercard are generally high limit cards that have some additional benefits, they usually come with higher annual fees and better rewards as well.

Re: When to App for another Capital One

UncleB — Sat, 27 Feb 2016 03:45:13 GMT

@Anonymous wrote:
I originally apped for QS1 and got it. Denied Venture and Platinum. I called about the platinum and they said they would have to do another hard pull. So I declined. The reason for the decline was I had an app processing or being proccessed which was the approval for the QS1.

So, when do I apply again for a platnum, Venture one and eventually when my scores are high enough a venture/QS.
The goal is to combine and just keep the venture/QS. I am not sure what is world mastercard and visa signature or whatever i see around these forums. Just thought I could ask as well. I am sure some meanie will come and say go look it up but I don't have that time atm.

Kind regards,
Archangel

Judging from your nice QS1 approval and your scores, I would say you're really close to being qualified for a Venture or QS, if you're not already.

How long you should wait is strictly a judgement call... some folks will tell you to "go for it" as soon as you want, others will say to wait varying amounts of time.

Here's my 2¢... if it were me, I would start checking out the Capital One pre-qual page every two-three weeks or so. It might not have anything for you right away since your QS1 is so new, but once you get an offer for a Venture or QS with a set APR, it's likely to be solid. (Here's the usual disclaimer... the pre-qual isn't a guarantee, but with most folks around here it's usually accurate, as always, YMMV).

That being said, there are several people on here who report applying for either Venture or the QS without a pre-qual offer, and getting approved, so a pre-qual certainly isn't required, but it will possibly save you the 'triple pull' if you're border-line or concerned about inquiries. I would be surprised if you didn't have an offer for either Venture or QS in three to six months, but that's just my speculation.

Whatever you eventually decide, good luck!

Re: When to App for another Capital One

myjourney — Sat, 27 Feb 2016 03:55:44 GMT

@Anonymous wrote:
I originally apped for QS1 and got it. Denied Venture and Platinum. I called about the platinum and they said they would have to do another hard pull. So I declined. The reason for the decline was I had an app processing or being proccessed which was the approval for the QS1.

So, when do I apply again for a platnum, Venture one and eventually when my scores are high enough a venture/QS.
The goal is to combine and just keep the venture/QS. I am not sure what is world mastercard and visa signature or whatever i see around these forums. Just thought I could ask as well. I am sure some meanie will come and say go look it up but I don't have that time atm.

Kind regards,
Archangel

Now you knew someone would come along with the tough question Archange1

Present and accounted for...Lol

Sooooo other than the reason above you stated why do you want the card and is it that important to you that you just can't chill for awhile to guarantee approval at a good limit and rate?

History: I ask the tough question to better help and further ones profile and health

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 04:56:27 GMT

Thanks everyone for the nice replies. I appreciate your help as always

@myjourney wrote:
@Anonymous wrote:
I originally apped for QS1 and got it. Denied Venture and Platinum. I called about the platinum and they said they would have to do another hard pull. So I declined. The reason for the decline was I had an app processing or being proccessed which was the approval for the QS1.

So, when do I apply again for a platnum, Venture one and eventually when my scores are high enough a venture/QS.
The goal is to combine and just keep the venture/QS. I am not sure what is world mastercard and visa signature or whatever i see around these forums. Just thought I could ask as well. I am sure some meanie will come and say go look it up but I don't have that time atm.

Kind regards,
Archangel
Now you knew someone would come along with the tough question Archange1
Present and accounted for...Lol

Sooooo other than the reason above you stated why do you want the card and is it that important to you that you just can't chill for awhile to guarantee approval at a good limit and rate?

History: I ask the tough question to better help and further ones profile and health

I can wait, I just need to know when because I really want to raise my credit limit as it says in my goal. 25-50k on each card.

It's like a video game but in real life. Gotta get the highest scores and "catch um all" Like, I went to get a BS in Biochemistry just to get one. Maybe medical school just for the title:/ Save lives as well but in the end, I really like playing life like a game. As for this credit thing, I just got in to it this month. I am really addicted :/ I may need psychological help

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 04:48:05 GMT

Never. Capital one credit cards are starter cards, there's not much point in getting more than one as it's the same benefits. Apply for a different card issuer.

Re: When to App for another Capital One

myjourney — Sat, 27 Feb 2016 04:52:10 GMT

@Anonymous wrote:
Thanks everyone for the nice replies. I appreciate your help as always

@myjourney wrote:
@Anonymous wrote:
I originally apped for QS1 and got it. Denied Venture and Platinum. I called about the platinum and they said they would have to do another hard pull. So I declined. The reason for the decline was I had an app processing or being proccessed which was the approval for the QS1.

So, when do I apply again for a platnum, Venture one and eventually when my scores are high enough a venture/QS.
The goal is to combine and just keep the venture/QS. I am not sure what is world mastercard and visa signature or whatever i see around these forums. Just thought I could ask as well. I am sure some meanie will come and say go look it up but I don't have that time atm.

Kind regards,
Archangel
Now you knew someone would come along with the tough question Archange1
Present and accounted for...Lol

Sooooo other than the reason above you stated why do you want the card and is it that important to you that you just can't chill for awhile to guarantee approval at a good limit and rate?

History: I ask the tough question to better help and further ones profile and health
I can wait, I just need to know when because I really want to raise my credit limit as it says in my goal. 25-50k on each card. May take years just like all the degree programs needed listed below
It's like a video game but in real life. Gotta get the highest scores and "catch um all" Like, I went to get a BS in Biochemistry just to get one. Maybe medical school just for the title:/ Save lives as well but in the end, I really like playing life like a game. As for this credit thing, I just got in to it this month. I am really addicted :/ I may need [sychological help

Now the blue section you may be on to something Lol

Either way pls slow down and absorb the info or it will take you much longer to fulfill your dreams

Good luck

Re: When to App for another Capital One

FinStar — Sat, 27 Feb 2016 05:06:14 GMT

@myjourney wrote:
@Anonymous wrote:
Thanks everyone for the nice replies. I appreciate your help as always

@myjourney wrote:
@Anonymous wrote:
I originally apped for QS1 and got it. Denied Venture and Platinum. I called about the platinum and they said they would have to do another hard pull. So I declined. The reason for the decline was I had an app processing or being proccessed which was the approval for the QS1.

So, when do I apply again for a platnum, Venture one and eventually when my scores are high enough a venture/QS.
The goal is to combine and just keep the venture/QS. I am not sure what is world mastercard and visa signature or whatever i see around these forums. Just thought I could ask as well. I am sure some meanie will come and say go look it up but I don't have that time atm.

Kind regards,
Archangel
Now you knew someone would come along with the tough question Archange1
Present and accounted for...Lol

Sooooo other than the reason above you stated why do you want the card and is it that important to you that you just can't chill for awhile to guarantee approval at a good limit and rate?

History: I ask the tough question to better help and further ones profile and health
I can wait, I just need to know when because I really want to raise my credit limit as it says in my goal. 25-50k on each card. May take years just like all the degree programs needed listed below
It's like a video game but in real life. Gotta get the highest scores and "catch um all" Like, I went to get a BS in Biochemistry just to get one. Maybe medical school just for the title:/ Save lives as well but in the end, I really like playing life like a game. As for this credit thing, I just got in to it this month. I am really addicted :/ I may need [sychological help
Now the blue section you may be on to something Lol
Either way pls slow down and absorb the info or it will take you much longer to fulfill your dreams
Good luck

Agree with myjourney OP. While it's a lofty goal for sure, 50K CLs on single CCs are by no means something you can achieve overnight. Your income has to support it in addition to a variety of factors with your profile.

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 05:08:25 GMT

how come you're trying for a platinum though? seems... pointless based on what you have and your goals.. that's moving backwards

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 05:09:14 GMT

@Anonymous wrote:
Never. Capital one credit cards are starter cards, there's not much point in getting more than one as it's the same benefits. Apply for a different card issuer.

are you trolling? lol. i don't understand where you get that "generalization"

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 05:46:35 GMT

So i can combine them...Higher limit.

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 05:52:11 GMT

i guess. i wouldn't say it's worth the triple HP, effect on AAoA and a new trade line to combine $300-$1,000 though when, in about 6 months, you could probably get a $10k venture.

Re: When to App for another Capital One

FinStar — Sat, 27 Feb 2016 05:54:59 GMT

@Anonymous wrote:
Never. Capital one credit cards are starter cards, there's not much point in getting more than one as it's the same benefits. Apply for a different card issuer.

@Last July, I got approved for not one but 2 - each @ $50,000 - Venture and QS (12.9% APR). Can you explain your logic on how these would be starter cards?

Now, for someone who is starting out in their credit journey, I can see that maybe a secured or Platinum options would be on the starting front and for others perhaps expanding their portfolio to a QS1 (or similar). Capital One, in general, offers a wide array of products that are not necessarily "starter cards".

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 05:56:48 GMT

^ agreed. they probably have some of the most diversity out of many lenders (except they don't offer "prestigious" cards but they're still respectable).

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 05:58:43 GMT

They give small limits. Compare capital one credit lines compared to other rewards cards on this website, they're mostly considerably smaller. And also not much point in getting 2 cards from issuer and cancelling 1, that hurts your credit history and score. Only venture gives higher limits but it has an annual fee and not great rewards. There's much better cards out there, chase, discover, etc.

Re: When to App for another Capital One

UncleB — Sat, 27 Feb 2016 06:02:08 GMT

@Anonymous wrote:
So i can combine them...Higher limit.

I don't have to share or even understand somebody's goal to respect it, but just a friendly word of advice on reaching your goal is to give some thought to the words of wisdom here... there's quite a bit of it.

My contribution (if I can be so bold to include myself in that group) would be to simply add that if you choose to slow down a bit, you'll likely get the high limits you want, but on better terms. To me, having a low APR/no AF is actually more valuable than having a high-limit card, anyway - but that's just me; I realize our goals might not be aligned. That's OK though, since the two aren't mutually exclusive - you can have both!

What I'm trying to say is that you might be able to keep accumulating Capital One accounts and you might be able to quickly get your $25k card... but if you'll take your time and let the dust settle a bit, you'll get a better rate and will likely be happier in the end.

No judgement either way, though, and good luck whatever you decide...

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 06:03:18 GMT

so FinStar's $50k QS is smaller than other banks would issue? he'd get more from chase, discover, etc? highly doubt that.

and sure, the getting multiples and cancelling is just a game people play to get $30k+ CLs when they have sub 700 scores because cap1 will allow it but it doesn't hurt your credit THAT bad. AAoA is only 15% of the fico. nothing major.

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 06:04:55 GMT

@FinStar wrote:
@Anonymous wrote:
Never. Capital one credit cards are starter cards, there's not much point in getting more than one as it's the same benefits. Apply for a different card issuer.
@Last July, I got approved for not one but 2 - each @ $50,000 - Venture and QS (12.9% APR). Can you explain your logic on how these would be starter cards?

Now, for someone who is starting out in their credit journey, I can see that maybe a secured or Platinum options would be on the starting front and for others perhaps expanding their portfolio to a QS1 (or similar). Capital One, in general, offers a wide array of products that are not necessarily "starter cards".

Look at OP's credit score and denial for Capital One Platinum. S/he is not going to getting anything except small limits from Capital One for many years, maybe even 10s of years, but s/he could get higher limit cards elsewhere.

Re: When to App for another Capital One

Anonymous — Sat, 27 Feb 2016 06:08:14 GMT

it won't be 10 years and probably not "many" either. i definitely advise not to play with the platinum game if you want higher CLs because i feel like they kind of hold that against you in some cases (not proven, just my philosophy based on what i sometimes see and had happen to me)
i couldn't get anything good with them when i had a platinum but 4 months after i closed it i got a $10k venture instant approval so it doesn't take long. to this day i haven't gotten an instant of above $5k. i have to get CLIs