topic Re: Capital One prequals question in Credit Cards

Capital One prequals question

Anonymous — Sun, 23 Dec 2018 14:34:08 GMT

I currently have a QS (PC'd Platinum) with 750 limit opened 4/2017 and Venture with 15k limit opened 6/2018. I checked C1 prequal page and and it's showing Venture, QS, and Savor....but at max APR (ouch).

I'd like to add a QS since it offers 0% for 15 months for a big purchase. Would the max APR on the prequal indicate I'd get less than 5k SL on the QS? Venture and Savor both come with minimum 5k SL, but no 0% promo.

Current F8 scores:
EX 710
EQ 715
TU 710

Re: Capital One prequals question

Anonymous — Sun, 23 Dec 2018 15:03:32 GMT

The venture one and savor one cards offer 0% promos

Re: Capital One prequals question

CramEiko — Sun, 23 Dec 2018 15:21:51 GMT

@Anonymous wrote:
I currently have a QS (PC'd Platinum) with 750 limit opened 4/2017 and Venture with 15k limit opened 6/2018. I checked C1 prequal page and and it's showing Venture, QS, and Savor....but at max APR (ouch).

I'd like to add a QS since it offers 0% for 15 months for a big purchase. Would the max APR on the prequal indicate I'd get less than 5k SL on the QS? Venture and Savor both come with minimum 5k SL, but no 0% promo.

Current F8 scores:
EX 710
EQ 715
TU 710

Let everything age if you would like to start seeing a reduction of APR offers. I don't see too many post talking about APR reductions at a later date. Sure 0% intro is nice but then what?

Good Luck!

Re: Capital One prequals question

Anonymous — Sun, 23 Dec 2018 15:34:56 GMT

Thanks for the replies. Then what after the 0% ends? The APR would jump to what I would get to begin with if I went for a second Venture or Savor. The purchase will be paid off before the 0% expires. I already have a Venture with a good limit and have no need for another one.

My question was if I am seeing APRs at their max level for my prequalified offers, is it likely that I'll get a low SL under 5k on a QS?

Re: Capital One prequals question

Anonymous — Sun, 23 Dec 2018 15:38:53 GMT

Posted this in the wrong section! I meant to post this is the cc applications section. If this thread can be moved there, please do so.

Re: Capital One prequals question

UncleB — Sun, 23 Dec 2018 16:20:58 GMT

@Anonymous wrote:
Posted this in the wrong section! I meant to post this is the cc applications section. If this thread can be moved there, please do so.

Actually, 'Credit Cards' is the proper board for your topic.

--UB

Re: Capital One prequals question

Anonymous — Sun, 23 Dec 2018 16:30:17 GMT

I think their pre-Q always throw you the max APR.

Re: Capital One prequals question

Anonymous — Sun, 23 Dec 2018 22:09:11 GMT

If that is the case, that is interesting. Anyone using the Cap1 prequalify tool see a lower APR than max with your offers?

Re: Capital One prequals question

Drwaz99 — Sun, 23 Dec 2018 22:49:31 GMT

@Anonymous wrote:
If that is the case, that is interesting. Anyone using the Cap1 prequalify tool see a lower APR than max with your offers?

I just tried and from the looks of things, I qualified for the mid-tier APRs on all the cards that popped up.

Re: Capital One prequals question

Anonymous — Sun, 23 Dec 2018 23:23:43 GMT

Thanks for that info. I'll be curious to see if the Cap1 APR level or tier they show in the prequal has a direct connection to SL of a card. For example, would someone get a 30k SL if their APR as 27.24% (max).