topic Re: Capital One secured CC question in Credit Cards

Capital One secured CC question

Anonymous — Wed, 12 Jan 2011 23:50:54 GMT

Will they offer me a card if I had a CC with them a few years ago that was sent to collections? I'm about to pay it off with the CA, was wondering if they blacklist or anything.

Currently i have a secured CC with a CreditUnion..Fico score is 600

Thanks a bunch

Re: Capital One secured CC question

Creditaddict — Wed, 12 Jan 2011 23:54:32 GMT

Do the pre-qual first and see if you are offered a card... I know capital one forgives and I'm not sure how it works... I was denied both regular card and secured card because i have a cap 1 charge off on my reports right now.... however my friend has almost the identical amount as charge off on his reports right now and was just approved for their standard platinum $300 limit and his scores are WAY lower then mine... so who knows... it's all done by computer and there is no recon it and they pull all 3... so if they don't offer you a card i probably wouldn't bother applying

Re: Capital One secured CC question

Anonymous — Thu, 13 Jan 2011 02:29:24 GMT

Hmm.. anyone else I should try doing a prequal on? Anyone else know if they blacklist?

Re: Capital One secured CC question

Anonymous — Thu, 13 Jan 2011 02:36:51 GMT

@Anonymous wrote:
Hmm.. anyone else I should try doing a prequal on? Anyone else know if they blacklist?

Not many sites have the pre-qualifyer any longer. The ones that come to mind are Discover, Amex, Cap One, and HSBC (i think has a pre-qualifyer). Discover and Amex I believe your scores are low to qualify.

You can try them and see if anything comes up, just make sure they say pre-approved. If says recommended cards I would just pass and not bother applying.

All the pre-qualifyers are soft pulls so no impact on your scores.

Good Luck

Re: Capital One secured CC question

Anonymous — Thu, 13 Jan 2011 18:32:13 GMT

Cap 1 doesn't blacklist. I had card a cap 1 student visa when i was a high school senior/frosh in college. It was charged off in 2002. Fast Foward to 2010 and 2011 a secured card and a no hassle rewards card from cap 1.

Re: Capital One secured CC question

Anonymous — Thu, 13 Jan 2011 19:13:33 GMT

Think they would do a secured card with a charge-off from 07? Don't want an inq for no reason.. Just want 1 more secured card

I did the prequal and there was no preapproved offers.. but "recommended" and "others" came up.

Re: Capital One secured CC question

Creditaddict — Thu, 13 Jan 2011 19:15:16 GMT

@Anonymous wrote:
Think they would do a secured card with a charge-off from 07? Don't want an inq for no reason.. Just want 1 more secured card

I did the prequal and there was no preapproved offers.. but "recommended" and "others" came up.

I would not risk it and take the hit for 3 inq's.

I thought the pre-qual would also offer secured card if you had a chance of approval

Re: Capital One secured CC question

Anonymous — Thu, 13 Jan 2011 19:50:33 GMT

If my memory serves me right. If you do the pre-qual and you don't get a pre-qual offer it will say we "recommend" this product or It will automatically redirect you to apply/sign up for the secured card which is how I found out that cap 1 even had one. After I got the secured card In june/july. I used it spairingly for about 6 month and then I did the pre-qual again at the begining of the year and I ended up getting no hassle rewards card.

Re: Capital One secured CC question

Anonymous — Fri, 14 Jan 2011 15:08:29 GMT

Should I just go with a Public Savings card? or try the cap1 and roll the dice?

Re: Capital One secured CC question

Creditaddict — Fri, 14 Jan 2011 15:16:29 GMT

I would prefer Cap1 over Public Savings... that does not unsecure

Re: Capital One secured CC question

Anonymous — Fri, 14 Jan 2011 15:42:49 GMT

@Anonymous wrote:
Should I just go with a Public Savings card? or try the cap1 and roll the dice?

Apply for Cap1 first, if they deny, go for the PBS.

Re: Capital One secured CC question

Anonymous — Sat, 15 Jan 2011 02:28:00 GMT

Got approved for the secured cap1 card.. good stuff now i have 2 cards.. now to wait patiently for score to rise..

Link they provided me keeps erroring out to deposit my money, anyone else have a problem with that?

Re: Capital One secured CC question

OnTheRebound — Sat, 15 Jan 2011 06:21:22 GMT

I had a Cap1 chargeof in '02 or '03. Got a preapproval in the mail a few months ago. Applied online was instantly denied. Reason was the chargeoff. They didn't even do a hard pull. At the time of app I had zero negatives. 735 score. In my case they remember me.

Re: Capital One secured CC question

mocha82 — Fri, 11 Mar 2011 04:52:03 GMT

I had a CO with capital one. I paid it back in January and I was approved for a secured card w/ a $49 deposit/$200 limit at the end of February. I don't know how they are going to process CLI however. The secured card advertises that you may get unsecured increases and the deposit refunded as long as you pay on time yadayadayada... I am hoping that the old CO that I paid doesn't make them keep a tight leash on the CLI's... I am waiting to receive the card in the mail. Should have it in a few days. They sent me an email saying they mailed it out

Re: Capital One secured CC question

mocha82 — Fri, 11 Mar 2011 04:52:56 GMT

As long as the CO is settled/paid...go for it. I had a CO as well.

Re: Capital One secured CC question

2000ExplorerXLS — Tue, 07 Jun 2011 19:52:39 GMT

I had a charge off in 2008. They gave me a secured card with 49 down and a 200cl.