topic Re: Walmart/cap 1 is no go if you burned them?? in Rebuilding Your Credit

Walmart/cap 1 is no go if you burned them??

user365735 — Sun, 25 Jun 2023 07:21:59 GMT

Correct? I buy so much from Walmart that the extra 5% would be nice but I burned Cap 1...

Re: Walmart/cap 1 is no go if you burned them??

Creditwiser — Sun, 25 Jun 2023 12:09:48 GMT

@user365735 wrote:
Correct? I buy so much from Walmart that the extra 5% would be nice but I burned Cap 1...

Cap 1 used to be very BK friendly. I burned them in 2014 and received 2 QS right after DC. Many others had the same good success. Back then they were my go- to cards and they grew fast. The CLI's were always approved.. Seems not so much anymore for approvals and or CLI's as they've surely tightened the reigns. Currently I have not read too many approvals post DC, with typical reasons being previous account status.

Re: Walmart/cap 1 is no go if you burned them??

FireMedic1 — Sun, 25 Jun 2023 20:58:13 GMT

More than likely a denial. You didnt mention if you had any other Cap1 cards. If not. You know they'll be the everyday $500 bucket special with the Plat and so on. Usually the majority already have a card before Walmart.

Re: Walmart/cap 1 is no go if you burned them??

coldworld — Mon, 26 Jun 2023 15:15:07 GMT

I'm still blacklisted by cap 1 after COs of $6400 and $1300. They have recently aged off my reports from all 3 CRAs

Re: Walmart/cap 1 is no go if you burned them??

FicoME27 — Tue, 27 Jun 2023 23:10:11 GMT

I burned Cap1 big time in 2017, about 80k. Currently rebuilding and they have approved me for Quicksilver One, Savor One, and Walmart MC in the last 9 months. All low limits, but it's something. I also shop frequently on Wal-Mart, I did the prequal on the Wal-Mart website before applying.

Re: Walmart/cap 1 is no go if you burned them??

coldworld — Tue, 27 Jun 2023 23:21:13 GMT

@FicoME27 wrote:
I burned Cap1 big time in 2017, about 80k. Currently rebuilding and they have approved me for Quicksilver One, Savor One, and Walmart MC in the last 9 months. All low limits, but it's something. I also shop frequently on Wal-Mart, I did the prequal on the Wal-Mart website before applying.

Good datapoint. I'll be on the look out to see if Cap 1 lets me back in.

Re: Walmart/cap 1 is no go if you burned them??

masscredit — Wed, 28 Jun 2023 17:03:48 GMT

I burned Cap1 for well over $50K last year (included a Walmart store card). I was approved for a Savor One card ($3K) last November (DC was June '22), a QuickSilver card ($3K) last week and was just approved for a Walmart Rewards MC with a $2K SL after reading this thread. Yes, they do forgive.

Re: Walmart/cap 1 is no go if you burned them??

MileHigh96 — Thu, 29 Jun 2023 14:24:03 GMT

@user365735 wrote:
Correct? I buy so much from Walmart that the extra 5% would be nice but I burned Cap 1...

I burned CapOne in my BK7 on a couple of their cards for somewhere around $10K and about 10 or 11 months post discharge they approved me for their Platinum card (which I have since PC'd to the QS) and I also was later approved for the Savor One and the Walmart card.

Re: Walmart/cap 1 is no go if you burned them??

crrredit — Thu, 29 Jun 2023 14:32:47 GMT

I had a Cap One charge off that I settled for less via a payment plan that started last summer. I finished paying it off in January. A couple months after my payment plan began I got a Cap One secured QS. After only a couple months of having it, I started to get a steady stream of emails and account notifications offering a preapproved Savor One. In February I applied and was accepted. In May I got preapproved for the Walmart card and was approved. I got a $2K SL. Was expecting $500. I've now closed the secured QS, but I think that was a useful step in getting back in with Cap One.

Re: Walmart/cap 1 is no go if you burned them??

FireMedic1 — Thu, 29 Jun 2023 15:59:01 GMT

@masscredit wrote:
I burned Cap1 for well over $50K last year (included a Walmart store card). I was approved for a Savor One card ($3K) last November (DC was June '22), a QuickSilver card ($3K) last week and was just approved for a Walmart Rewards MC with a $2K SL after reading this thread. Yes, they do forgive.

@user365735Here's the example. Having other cards before the Walmart card.

Re: Walmart/cap 1 is no go if you burned them??

user365735 — Sat, 01 Jul 2023 18:23:27 GMT

I tooked this advice and searched Google for the savor one card...came across a see if you prequalify page from cap1...they pre-qualified me for the secured card, so I accepted their terms and gave them my Info again, to only be told they can not approve me at this time. Lol. I hope this didn't cost me a hard inquiry? I haven't gotten any notices about an inquiry yet. But it really did piss me off, don't tell me I prequalify then deny me!!

Rant off!

Re: Walmart/cap 1 is no go if you burned them??

Rogue46 — Tue, 04 Jul 2023 19:09:39 GMT

The only two I burned in bk were Cap1 and Amex. Cap1 gave me a card a few months after discharge no issue, Amex was over 5 years before giving in.

Re: Walmart/cap 1 is no go if you burned them??

user365735 — Wed, 05 Jul 2023 20:43:12 GMT

I would like to thank everyone. I seen an ad for a Kohl's card prequalify and said WTH, they said I was approved so I went and applied and got a 300 limit. I believe the store card is issued by Cap1?? I do shop at Kohl's but I don't need anything, and don't think I'll need anything for while. So at least it will help with my rebuild. Do I have to use it?? I mean I could go find something on the clearance racks..

Re: Walmart/cap 1 is no go if you burned them??

FireMedic1 — Wed, 05 Jul 2023 20:58:12 GMT

Cap1 isnt known to close accounts that aren't used. Buy a t-shirt and PIF just to show some activity. Cap1 is stingy with CLI's lately. But using any of their cards gives you a better shot at a CLI. Congrats on your approval.