topic Re: Capital One Mailers in Credit Cards

Capital One Mailers

Anonymous — Mon, 21 Jun 2021 15:04:14 GMT

In the last two weeks Iapi have received five mailers from Capital One products.

Two walmart master card prequalified offers

Three Capital One regular master card prequalified offers.

The walmart offers say that I will not be approve for less than $300.

The regualar capital one master card offers say increase your limit after six monthly payments. All cards offer 26.99 percent apr. I was once interested in the capital one offers, but now I do not think they are a good fit for me so I will pass on them.

I am curious of what others think of these offers, and how others and use them as a stepping stone.

Re: Capital One Mailers

jcooks — Mon, 21 Jun 2021 18:22:10 GMT

Do you currently have all secured cards (as per your sig)? If you only have the 3 secured cards and no unsecured, I would recommend going for a Capital One Platinum. It can be upgraded to a Quicksilver in the future, but just keep in mind, that card will be bucketed for life. As for using that as a stepping stone, I definitely would if this would be your first unsecured card. Good thing is it doesn't have an AF.

Re: Capital One Mailers

JNA1 — Mon, 21 Jun 2021 18:42:28 GMT

I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.

Re: Capital One Mailers

jcooks — Mon, 21 Jun 2021 18:50:00 GMT

@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.

Unfortunately, it might be a necessary step. With scores in the 600's, the preapprovals probably won't be coming.

Re: Capital One Mailers

Anonymous — Mon, 21 Jun 2021 19:21:50 GMT

@jcooks wrote:
Do you currently have all secured cards (as per your sig)? If you only have the 3 secured cards and no unsecured, I would recommend going for a Capital One Platinum. It can be upgraded to a Quicksilver in the future, but just keep in mind, that card will be bucketed for life. As for using that as a stepping stone, I definitely would if this would be your first unsecured card. Good thing is it doesn't have an AF.

My sig says I received 3 of 3 secure cards. That was last year in July 2020 with $1,200 cl. Sig shows update in April of 2021l of 3 secure credit cards, 1 unsecure cc 1 ssl total cl of $4,200.

I have 3 secure cards and 1 unsecure credit card at this time. I have been very patient to get the right cards. Really hoping to make the next jump in the next few months. I might consider applying for a second nfcu card.

Re: Capital One Mailers

Anonymous — Mon, 21 Jun 2021 19:30:25 GMT

@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.

Amex some said gave me a pretty good offer. Not a pre approval but show which cards I meet their criteria. Disco, only approves me for their secure card. July will make my 1 year anniversary for all the secure cards. I wanted to start removing them for a non secure card. I plan to replace one a every two months here moving forward. I will probably keep the open sky forever.

Re: Capital One Mailers

Anonymous — Mon, 21 Jun 2021 22:17:48 GMT

@jcooks wrote:
@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.
Unfortunately, it might be a necessary step. With scores in the 600's, the punreapprovals probably won't be coming.

My scores are not moving up anymore they are stuck where they are i think I gain a point each month then lose it the next month. Very strange, but that only means I have more work to do.

Re: Capital One Mailers

quikj9 — Tue, 22 Jun 2021 05:15:43 GMT

You'd be surprised at what you'd get approved for given the right profile. I had a preapproval for my Chase United Explorer card with a 646 EX8.

Re: Capital One Mailers

jcooks — Tue, 22 Jun 2021 12:35:25 GMT

@Anonymous wrote:
@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.
Amex some said gave me a pretty good offer. Not a pre approval but show which cards I meet their criteria. Disco, only approves me for their secure card. July will make my 1 year anniversary for all the secure cards. I wanted to start removing them for a non secure card. I plan to replace one a every two months here moving forward. I will probably keep the open sky forever.

I would hold off on applying for Amex. If they were to approve you, it may be with a $1k limit. I've heard that limits that low are difficult to get higher. Capital One Platinum would be my next move if I were in your shoes.

Re: Capital One Mailers

Yasselife — Tue, 22 Jun 2021 13:31:46 GMT

I started with Amex at $1k, it definitely grows.

Re: Capital One Mailers

Adkins — Tue, 22 Jun 2021 15:25:11 GMT

@Yasselife wrote:
I started with Amex at $1k, it definitely grows.

Not necessarily, as the previous poster has stated. I've had a $1K limit with Amex for three years, and I can't get a CLI. 🤷 A lower starting Amex card can be very hard to grow for some people.

OP, I'd hold out for better offers, imo.

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:29:05 GMT

@Yasselife wrote:
I started with Amex at $1k, it definitely grows.

How much has it grown? How long has it taken to grow? What where your credit scores when you were approved?

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:31:08 GMT

@jcooks wrote:
@Anonymous wrote:
@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.
Amex some said gave me a pretty good offer. Not a pre approval but show which cards I meet their criteria. Disco, only approves me for their secure card. July will make my 1 year anniversary for all the secure cards. I wanted to start removing them for a non secure card. I plan to replace one a every two months here moving forward. I will probably keep the open sky forever.
I would hold off on applying for Amex. If they were to approve you, it may be with a $1k limit. I've heard that limits that low are difficult to get higher. Capital One Platinum would be my next move if I were in your shoes.

Thank you for your insight. I am in no rush at this time. I am gathering info to assist me with my growth. I keep hearing Capital one is really bad for most. They are very aggressive in sending out mailers just to give people 1k limits. Very strange.

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:32:01 GMT

@jcooks wrote:
@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.
Unfortunately, it might be a necessary step. With scores in the 600's, the preapprovals probably won't be coming.

You could be right, but I am hoping for other options first.

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:32:48 GMT

@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.

I think I will hold out for now.

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:34:28 GMT

@Adkins wrote:
@Yasselife wrote:
I started with Amex at $1k, it definitely grows.
Not necessarily, as the previous poster has stated. I've had a $1K limit with Amex for three years, and I can't get a CLI. 🤷 A lower starting Amex card can be very hard to grow for some people.

OP, I'd hold out for better offers, imo.

Thanks for your insight, thats a long time to wait an grow. What were your starting DP's? Have you applied for a second amex card?

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:47:04 GMT

@jcooks wrote:
@Anonymous wrote:
@JNA1 wrote:
I'd hold out for better cards. If I were you I'd keep the prequalification pages on Disco and AMEX until you start getting some offers. Capital One cards at that level are just high interest, low limit sock drawing liners.
Amex some said gave me a pretty good offer. Not a pre approval but show which cards I meet their criteria. Disco, only approves me for their secure card. July will make my 1 year anniversary for all the secure cards. I wanted to start removing them for a non secure card. I plan to replace one a every two months here moving forward. I will probably keep the open sky forever.
I would hold off on applying for Amex. If they were to approve you, it may be with a $1k limit. I've heard that limits that low are difficult to get higher. Capital One Platinum would be my next move if I were in your shoes.

Thanks for your help. I have seen some use capital one as a stepping stone. I have three secured cards that do not graduate at all. I got them without a hard credit pull so that was a benefit to show prime lenders that I am responsible. I have had those cards for 11 months now. Next month they will all be a year. Never late, never carry a balance over 20 percent, while keeping total utilization under 10 percent always. I have used each card every month to keep activity alive. I have had my unsecure nfcu card for four months now never late never carry a balance other than letting a couple of bucks report then pay off after statement cuts. So I am on the right track, but my profile I do not know how many lendors like my profile. I dont try many prequal sites.

Amex showed some love

Capital One showed some love

Dell showed some love

Discover no love LOL

I get mailers from these companies:

Capital One: One steroids

Merrick Bank

First Savings Bank

Credit One

First Premeir

National Bank

The only one off that list that I contacted was Capital One. I do not want any more subprime banks.

I have decent income almost six figures. I have very little debt. I have taken care of 13 of the 15 baddies I started with a year ago. I just have two left. Those two are sticklers LOL. I have seen others get a second nfcu with some baddies. That might be a better option for me to try since I have a decent history with them. I have their SSL an a unsecure cash reward card. I also have a decent savings and checking account with them.

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 15:48:38 GMT

@quikj9 wrote:
You'd be surprised at what you'd get approved for given the right profile. I had a preapproval for my Chase United Explorer card with a 646 EX8.

How was your history with chase?

What was your income at the time that you applied?

What was your total utilization when you applied?

Did you have any baddies when you applied?

What credit limit did they give you?

Re: Capital One Mailers

Adkins — Tue, 22 Jun 2021 15:52:36 GMT

@Anonymous wrote:
@Adkins wrote:
@Yasselife wrote:
I started with Amex at $1k, it definitely grows.
Not necessarily, as the previous poster has stated. I've had a $1K limit with Amex for three years, and I can't get a CLI. 🤷 A lower starting Amex card can be very hard to grow for some people.

OP, I'd hold out for better offers, imo.
Thanks for your insight, thats a long time to wait an grow. What were your starting DP's? Have you applied for a second amex card?

This was my second Amex card, the first one was a Gold card, which I have since cancelled (too much trouble with spending limit issues). Experian had to be around 700s, I think, when I got my Everyday card - it was a SP. It's been a while now and I couldn't find an approval thread for my Everyday card. I'm pretty sure Amex doesn't like my DTI due to multiple car notes, a personal loan and various balances. I threw Netflix on there and that's all I use it for, unless I see a deal pop-up in the offers.

Re: Capital One Mailers

Anonymous — Tue, 22 Jun 2021 16:00:40 GMT

@Adkins wrote:
@Anonymous wrote:
@Adkins wrote:
@Yasselife wrote:
I started with Amex at $1k, it definitely grows.
Not necessarily, as the previous poster has stated. I've had a $1K limit with Amex for three years, and I can't get a CLI. 🤷 A lower starting Amex card can be very hard to grow for some people.

OP, I'd hold out for better offers, imo.
Thanks for your insight, thats a long time to wait an grow. What were your starting DP's? Have you applied for a second amex card?
This was my second Amex card, the first one was a Gold card, which I have since cancelled (too much trouble with spending limit issues). Experian had to be around 700s, I think, when I got my Everyday card - it was a SP. It's been a while now and I couldn't find an approval thread for my Everyday card. I'm pretty sure Amex doesn't like my DTI due to multiple car notes, a personal loan and various balances. I threw Netflix on there and that's all I use it for, unless I see a deal pop-up in the offers.

That is not good. A long time ago I had Amex. Back in my corporate america days. I had three cars on my credit report and four houses. I do not know what my dti was, but they started me out with a 2k limit. In six months I was up to 8k. I got a second card after that, they gave me 10 k on the second card. six months after that I got a starwood I think its called. They gave me 25k. But that was back when I did not even understand credit. I still do not know a lot, but I am learning now. I wish I knew then what I know now, I might be a 1 million dollar cards holder. I would have love to get their black card. I no longer have those goals, pretty simple life now. When you are in corporate america I think people think like scarface and the world can be theirs lol.