topic Re: CapOne Approval & Discover CLI in Credit Cards

CapOne Approval & Discover CLI

Anonymous — Sun, 09 Jun 2013 18:32:29 GMT

So i've been trying to wait for the right moment to apply for new CC especially since i just went car shopping in March and got hit with quite a lot of inquiries. But im too impatient! I started reading the posts on this site this morning and couldnt help myself.

CapOne Classic Platinum Card - $500 CL. Did an online chat with CSR asking about an increase. She told me to wait until the card arrives and then to call in.

Discover More - I got a $250 auto cli Thursday bringing me to $1k. Did an online chat about 30 mins ago asking for $2k more and got denied. Recon with credit analyst told me i was denied for too many inquiries but she did note that they were all around the time of my car shopping and that my payment history was excellent on all accounts so she would be more than happy to approve the increase! They used TU for me (which i believe is somewhere around 640) and it cost 2 HP (yikes!)

I also applied for a Barclaycard Rewards Mastercard and got the 7-10 day message. Talking to the Credit Analyst from Discover makes me think i have a chance of being approved after recon but i really dont want anymore hits on my CR. not sure what i'll do yet.

I kind of regret the CapOne and Barclay apps since the Discover CLI worked out but its all good. Think im going to cool it for the rest of the year and work on building my scores up.

What do you think?

Re: CapOne Approval & Discover CLI

LS2982 — Sun, 09 Jun 2013 18:38:09 GMT

@Anonymous wrote:
So i've been trying to wait for the right moment to apply for new CC especially since i just went car shopping in March and got hit with quite a lot of inquiries. But im too impatient! I started reading the posts on this site this morning and couldnt help myself.

CapOne Classic Platinum Card - $500 CL. Did an online chat with CSR asking about an increase. She told me to wait until the card arrives and then to call in.

Discover More - I got a $250 auto cli Thursday bringing me to $1k. Did an online chat about 30 mins ago asking for $2k more and got denied. Recon with credit analyst told me i was denied for too many inquiries but she did note that they were all around the time of my car shopping and that my payment history was excellent on all accounts so she would be more than happy to approve the increase! They used TU for me (which i believe is somewhere around 640) and it cost 2 HP (yikes!)

I also applied for a Barclaycard Rewards Mastercard and got the 7-10 day message. Talking to the Credit Analyst from Discover makes me think i have a chance of being approved after recon but i really dont want anymore hits on my CR. not sure what i'll do yet.

I kind of regret the CapOne and Barclay apps since the Discover CLI worked out but its all good. Think im going to cool it for the rest of the year and work on building my scores up.

What do you think?

CONGRATS on your increase!

I would hit the garden for a year.

Re: CapOne Approval & Discover CLI

Anonymous — Sun, 09 Jun 2013 18:48:20 GMT

thank you! so you wouldn't even bother with a recon for the Barclaycard? I certainly dont want to push my luck or be greedy but Idk i kind of feel like it might be possible.

Re: CapOne Approval & Discover CLI

LS2982 — Sun, 09 Jun 2013 18:56:18 GMT

@Anonymous wrote:
thank you! so you wouldn't even bother with a recon for the Barclaycard? I certainly dont want to push my luck or be greedy but Idk i kind of feel like it might be possible.

If you are willing to take another HP (YMMV) go for the recon.

Re: CapOne Approval & Discover CLI

09Lexie — Sun, 09 Jun 2013 18:59:51 GMT

Welcome to the forum!

Congrats on your approval and CLI!

Re: CapOne Approval & Discover CLI

Anonymous — Sun, 09 Jun 2013 19:09:57 GMT

If I'm reading this correctly, you haven't been rejected by Barclay's, they just 7-10 dayed you. That could mean a lot of things, including as simple as an address verification. Granted, since it's Barclay's it's not likely, but you have zero to lose by calling them.

If it comes to that point, then you can make the decision on another hard pull. Listen to what the representative is saying, and ask them honestly if getting another pull will make a difference, or whether you are toast. They usually answer pretty truthfully.

Good luck, but call them and see what happens.

Re: CapOne Approval & Discover CLI

Anonymous — Sun, 09 Jun 2013 19:37:02 GMT

Congrats on your new card and CLI.

Re: CapOne Approval & Discover CLI

myjourney — Sun, 09 Jun 2013 21:33:01 GMT

Welcome to the forum and congrats

Re: CapOne Approval & Discover CLI

asphaltcowboy — Sun, 09 Jun 2013 23:48:23 GMT

Congrats on the approval and CLI, now is the time to grab

a seedling, to the garden with ye

Re: CapOne Approval & Discover CLI

Anonymous — Mon, 10 Jun 2013 21:49:31 GMT

Thanks so much for the welcome! I've been lurking for quite a while and finally decided I should join.

Recon with Barclay was a fail but they used the same credit report so no worries. Too many inquiries and not enough credit history. She also noted I was carrying a bit of a high balance on my discover card (was trying to wait until I paid it but I couldn't lol). I explained to her that I just bought a car and told her about the Discover CLI and she told me I was making all the necessary steps to build up my credit and that I should try again in 6 months. Definitely no more apps for me anytime soon though. I really want to get familiar with the board and set some realistic goals.

Thanks again to you all!