topic Re: Got denied!!!! Capital one plat in Credit Cards

Got denied!!!! Capital one plat

Anonymous — Sat, 02 Feb 2013 10:47:01 GMT

Recently i applied for a capital one platinum credit car since i recieved a elegible aproved letter in the mail,i said to my self oh what the hell lets give it a go .with that in mind ive had checked my credit scores equifax experian and trans and they came out with 689-700+.now i dont have much history just finished a car loan aprox 6-7months agoand have bills cell phone ect on my name .i havent got a credit card that is why i tought this car was going to be eassy to get .i called cap one and applied by phone .the guy told me i was going to get a response by mail within 10 days .or i can call a number to verify via phone within 4 days .so i called after a week and the atomated machine said they were still reviewing my application .so i tried agin today and the same thing happend untill i decided to talk to a rep and the rep told me they denied my app no reason given .now i know i dont have alot of history blah blah blah .but how can i get history if i get denied .and why the hell do they send me letters telling me i meet their criteria.i feel very frustrated angry .please some help advice .

Re: Got denied!!!! Capital one plat

Mike360 — Sat, 02 Feb 2013 11:20:57 GMT

I wouldn't really worry about why you got denied until you get your letter stating why. i don't think it was your credit history. i got my first ever credit card from capital one with no history.

Re: Got denied!!!! Capital one plat

Anonymous — Sat, 02 Feb 2013 14:07:50 GMT

It could be something incorrect on your credit report, like your address. I would wait and see what the reason is as it is probably easily correctable with your scores.

Re: Got denied!!!! Capital one plat

jake619 — Sat, 02 Feb 2013 15:49:30 GMT

It might be something simple like an address verification. Dont get too worked up until you get the letter and dont get maced by the mailman for lurking. You could always call and recon if you just cant wait.

Re: Got denied!!!! Capital one plat

Valdo12 — Sat, 02 Feb 2013 16:43:36 GMT

Yeah, I have a Cap One secured for $350. Applied for the Cash Rewards and got approved for $500; should arrive today or early next week. So, though I probably won't use it since I will be using the Cash Rewards, I went ahead and applied for the Cap One regular unsecured platinum and I was denied. I wanted it as a back up general use emergency sock drawered card and so I can cancel the secured platinum. I do have baddies and also applied for other accounts and approved with Walmart and Amazon and a Discover card from Continental. I guess my recent inquiries may be the reason? I guess it could have been worse if I applied for the unsecured platinum and got denied for the Cash Rewards. It's a small $500 credit limit but I could probably still rack up $12,000 a year on it by putting all bills/expenses on it and paying weekly to keep the balance down to make sure available credit is there when recurring bills like iPhone, Charter internet, utilities, Geico, etc get billed on it.

Any chance if I call and recon the Platinum that they would do it?

Re: Got denied!!!! Capital one plat

Anonymous — Sat, 02 Feb 2013 18:32:12 GMT

@Anonymous wrote:
... .i havent got a credit card that is why i tought this car was going to be eassy to get ....

I think, not having any CC makes it harder. Suggest you consider a secured card with Capital One, or someone else. After some history on the first CC, it will be easier.

Re: Got denied!!!! Capital one plat

Creditaddict — Sat, 02 Feb 2013 20:59:02 GMT

Who financed your car loan?

If it's a major bank or credit union around you I would look at applying for a credit card with them!

and or I would hit up American Express Green Charge, Discover, and Citi Forward.

Additional options would be Macy's, Walmart, etc. in the GE line. (Macy's being part of Citi)

Re: Got denied!!!! Capital one plat

jsucool76 — Sat, 02 Feb 2013 21:13:20 GMT

Valdo12,you were denied because you can only have 2 cards issued by capital one (not counting store cards)

OP wait for the letter, and meanwhile pull your free reports since you got denied and make sure there isnt anything incorrect on them.

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 01:00:15 GMT

Creditaddict . dont think the car loan bank is big its called Challenge financial services here in san diego ca

and well i have always payd my payments on time never late and to the full.

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 01:04:28 GMT

Moving Forward_2012 and jake619

you guys might be right but then agin how can i make cap one reconsider if there's some type of error ? that is without them pulling my credit and hurting me ?

Re: Got denied!!!! Capital one plat

Creditaddict — Sun, 03 Feb 2013 01:34:19 GMT

@Anonymous wrote:
@Anonymous
you guys might be right but then agin how can i make cap one reconsider if there's some type of error ? that is without them pulling my credit and hurting me ?

Capital One, probably not... I'm actually so surprised how many don't use the pre-qual they offer on the website when looking at credit cards (personal only)

If it doesn't offer something, don't apply... I tested in 2-3 times applying with no offer and then after i settled old account i had pre-qual come up with a card and applied and it was instantly approved...

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 01:39:35 GMT

well i did apply from a pre aproved letter on the mail , but i did recently move to a new adress i leassed a new apt aprox 3 months ago.

Re: Got denied!!!! Capital one plat

jake619 — Sun, 03 Feb 2013 01:43:25 GMT

@Anonymous wrote:
@Anonymous
you guys might be right but then agin how can i make cap one reconsider if there's some type of error ? that is without them pulling my credit and hurting me ?

That's where the letter in hand comes in. If you know the reason before calling you can begin developing an explanation prior to making the call. If you call blindly then you'll have to ask the reason and then wing your defense on the fly.

In the end your odds of reversal really depend on the issue. If it's a policy thing with them then move on. If it's an issue with something they don't like on your report(s) - I'll bet the house the pulled all 3 - then you're self-salesmanship skills are on stage. Also, since you were declined, make sure to pull your reports so if they bring an item up you can speak knowledgeably about it.

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 02:45:35 GMT

true then will wait until the letter arrives .

now what would be another way to get credit and raise my credit .

store credit ?

also buying furniture and getting credit with them that way ?

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 08:27:58 GMT

I did not have a preapproval offer come up but I applied anyway and was approved with a $2000 limit on the Cash Rewards card.

I do believe you can only have 2 cards with them and you have to wait at least 45 days to apply for the second.

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 23:32:37 GMT

wow well thats cool might be age discimination ? im 23 lol

Re: Got denied!!!! Capital one plat

Mike360 — Sun, 03 Feb 2013 23:42:48 GMT

@Anonymous wrote:
wow well thats cool might be age discimination ? im 23 lol

Pretty sure it's illegal to deny someone due to age unless they under 18. i got my cap one platinum at 19 y/o.

Re: Got denied!!!! Capital one plat

Anonymous — Sun, 03 Feb 2013 23:58:33 GMT

OHHH WOW . did you have any history ? any credit ?

Re: Got denied!!!! Capital one plat

jsucool76 — Mon, 04 Feb 2013 00:13:02 GMT

I applied for my cap1 through a mail offer as well, and they started me at 3k.was 18 at the time, so I doubt it was age discrimination, plus what mike said. Illegal.

No history (other than about 8k student loans in deferment) when approved.

Re: Got denied!!!! Capital one plat

Anonymous — Mon, 04 Feb 2013 01:09:08 GMT

Dont bother with c1 try GE cards they are easy to get and cli every month.Good luck