topic Re: Cap One Prequalifier Reliability? in Credit Cards

Cap One Prequalifier Reliability?

Anonymous — Sun, 10 Oct 2010 17:50:38 GMT

I check the prequalifier sites often just to see what pops up and I'm NEVER eligible for anything, but today, Capital One says "Congratulations! We think you'll like this prequalified offer." Then the first offer is the Venture One Rewards and the other offers I'm eligible for are the Platinum Presitge and Venture Rewards. My question is, how reliable are these and if I do apply, what are the odds of denial or worse, a lame limit?

Re: Cap One Prequalifier Reliability?

Anonymous — Sun, 10 Oct 2010 19:20:34 GMT

It seems to of been pretty reliable for me in the past, although when I first started my repair it once said I wasn't qualified for anything but I applied anyway and was approved.

Long as you haven't applied for anything from them anytime in the past 45 days you should get an approval.

Re: Cap One Prequalifier Reliability?

Anonymous — Sun, 10 Oct 2010 21:21:52 GMT

NO!

Re: Cap One Prequalifier Reliability?

mross1080 — Sun, 10 Oct 2010 23:06:48 GMT

I ran it a few times and pulled the trigger twice and was approved both times. I think the question here is if your pre qualified for a venture card I would think you could probably get a much better card than capital one.

Re: Cap One Prequalifier Reliability?

Anonymous — Mon, 11 Oct 2010 00:32:07 GMT

@mross1080 wrote:
I ran it a few times and pulled the trigger twice and was approved both times. I think the question here is if your pre qualified for a venture card I would think you could probably get a much better card than capital one.

I think I have better cards, but out of curiosity, I run the preapprovals just for *,* and giggles and this is what turns up.

Re: Cap One Prequalifier Reliability?

mross1080 — Mon, 11 Oct 2010 00:37:20 GMT

I actually do to. Never gotten a Venture prequail before. I think they have some pretty high standards for that and im a little bit out from having my scores that high.

Re: Cap One Prequalifier Reliability?

Anonymous — Mon, 11 Oct 2010 00:38:58 GMT

See, that's what I'm talking about! I never got any offers from them before which piques my curiosity!

Re: Cap One Prequalifier Reliability?

score_building — Mon, 11 Oct 2010 01:19:16 GMT

Better odds than cold app but not a definite approval.

The triple pull is another item to consider during pre app cost/benefit evaluation.

Best perk: Capital One is the only mega issuer without a foreign transaction fee.

Re: Cap One Prequalifier Reliability?

mross1080 — Mon, 11 Oct 2010 01:38:03 GMT

Freeze the 2 CA's with lower scores before you app. They'll only pull one. Worked twice for me. It'll cost you a couple of bucks. It depends on how much a hard pull is worth to you.

Re: Cap One Prequalifier Reliability?

score_building — Mon, 11 Oct 2010 01:46:24 GMT

@mross1080 wrote:
Freeze the 2 CA's with lower scores before you app. They'll only pull one. Worked twice for me. It'll cost you a couple of bucks. It depends on how much a hard pull is worth to you.

Surprising results they have been known to deny for multi freeze, where only one report is available (for eg. they pulled transunion for me and still denied for frozen EQ, EX)

Re: Cap One Prequalifier Reliability?

mross1080 — Mon, 11 Oct 2010 01:53:15 GMT

I did it the first time because I already had my Exp frozen because it was my only not clean report and I wanted AMEX to pull another when I applied ( Didnt work, they called me and asked for the pin to pull Exp. Only amex) so I figured I only had to pay to freeze one more and give it a try and it did. I was pretty suprised myself. I had been trying to get in with them for a while. I burned them 10 years ago and I guess they were a little bitter about it. I left them frozen and 61 days later I apped for another and was instant approved again. Oh. and I had EX and TU frozen for the 2 app's.

Re: Cap One Prequalifier Reliability?

Anonymous — Mon, 11 Oct 2010 03:19:25 GMT

I'm uber hesitant to apply for anything. I just got a CLI on Discover and a BT with a $3500 CLI on my Sovereign Bank World MC (FIA). I don't want to rock any more boats.

Re: Cap One Prequalifier Reliability?

mross1080 — Mon, 11 Oct 2010 03:48:56 GMT

I agree. It's nice to see a pre-approval for a top card but I dont think is worth possible AA over cap one.

Re: Cap One Prequalifier Reliability?

haulingthescoreup — Mon, 11 Oct 2010 14:47:23 GMT

@Anonymous wrote:
I'm uber hesitant to apply for anything. I just got a CLI on Discover and a BT with a $3500 CLI on my Sovereign Bank World MC (FIA). I don't want to rock any more boats.

You're now in the position where you can just save and admire your preapprovals. Sort of the credit equivalent of frat boys (and others) stacking beer cans in their windows.

I have quite a collection of Citi pre-approvals on hand. They fascinate me, as Citi (via Sears MC) is the only bank that I've ever been exasperated by on a continual basis.

Re: Cap One Prequalifier Reliability?

Anonymous — Wed, 13 Oct 2010 12:35:07 GMT

You certainly have a great way of putting things in perspective, HTSU!

I haven't gotten many preapprovals lately, however. A PNC HELOC for "no less that $5000"--that one struck me because I have no relationship with them and they keep mailing me these 'guaranteed' preapprovals. But I think that's about it. I really want a PENFED AMEX but I get no love there.

Citi, they sent me some preapproval to apply nonsense for the Forward card but they just closed 2 unused lines on me and won't touch my DP AMEX's credit line. I guess I'm sour on them right now too.

End of rant.