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Capital One Approval Before Discharge

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Regular Contributor

Capital One Approval Before Discharge

I applied for a Capital One credit card just to see what would happen, and I was approved for a $300 limit even though I have not yet received my discharge and I feel like this could cause some issues.
Has this happened to anyone else?
I know I probably shouldn’t have applied, that was a pretty stupid thing to do.
I’ve already had my 341 meeting, paid all my filing fees, and the teustee’s Report of No Distribution has already been entered in PACER.

Capital One Platinum MasterCard, $500 Credit Limit.



Credit One Platinum Rewards Visa, $400 Credit Limit.



Indigo Platinum MasterCard, $300 Credit Limit



Chapter 7 Discharge: March 13, 2019

Message 1 of 11
10 REPLIES 10
Regular Contributor

Re: Capital One Approval Before Discharge

I wouldn't worry about it. Others will get on and say the trustee could have an issue with it but you dont have to have permission in a chapter 7 to get new debt. My attorney told me not to get debt till after discharge if I could help it. It's always better to be safe than sorry but you've already done it. So, go with it.
Message 2 of 11
Regular Contributor

Re: Capital One Approval Before Discharge

It probably wasn’t the best idea but I was just wondering if the trustee would file a motion to dismiss for bad faith or something like that, it sounds like from what I’ve read it’s not smart but also not fatal.

Capital One Platinum MasterCard, $500 Credit Limit.



Credit One Platinum Rewards Visa, $400 Credit Limit.



Indigo Platinum MasterCard, $300 Credit Limit



Chapter 7 Discharge: March 13, 2019

Message 3 of 11
Regular Contributor

Re: Capital One Approval Before Discharge

Nah, if hes already asked to be released. Hes on to other fish in the sea.
Message 4 of 11
Regular Contributor

Re: Capital One Approval Before Discharge

He has, it was put into PACER a the day after the 341 meeting.

Capital One Platinum MasterCard, $500 Credit Limit.



Credit One Platinum Rewards Visa, $400 Credit Limit.



Indigo Platinum MasterCard, $300 Credit Limit



Chapter 7 Discharge: March 13, 2019

Message 5 of 11
Senior Contributor

Re: Capital One Approval Before Discharge

Its hindsite now. If you could have waited. Some not all get a score increase because you have no more debt. It could have been a higher SL but we wont know since you pulled the trigger. For others. Wait at least 60 days after DC to apply. Like I said your score may rise and get better SL's and lower APR's. But as we say YMMV. Congrats!





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 6 of 11
Regular Contributor

Re: Capital One Approval Before Discharge

I received it today. I put a few charges on it but won’t go crazy.
$300 unsecured. I pretty much only bought stuff that I have the money on hand to repay. Just want to build some credit up.

Capital One Platinum MasterCard, $500 Credit Limit.



Credit One Platinum Rewards Visa, $400 Credit Limit.



Indigo Platinum MasterCard, $300 Credit Limit



Chapter 7 Discharge: March 13, 2019

Message 7 of 11
Regular Contributor

Re: Capital One Approval Before Discharge

Just figured out how to get the thumbnail of it on posts.

Capital One Platinum MasterCard, $500 Credit Limit.



Credit One Platinum Rewards Visa, $400 Credit Limit.



Indigo Platinum MasterCard, $300 Credit Limit



Chapter 7 Discharge: March 13, 2019

Message 8 of 11
Established Member

Re: Capital One Approval Before Discharge


@jjb0894 wrote:
I applied for a Capital One credit card just to see what would happen, and I was approved for a $300 limit even though I have not yet received my discharge and I feel like this could cause some issues.
Has this happened to anyone else?
I know I probably shouldn’t have applied, that was a pretty stupid thing to do.
I’ve already had my 341 meeting, paid all my filing fees, and the teustee’s Report of No Distribution has already been entered in PACER.

I did this exact same thing. Got my foot in the door after 341 but before discharge, approved for the $300 like you with credit steps, then after 6 months (if i remember correctly) of paying it down to $5 every statement i got the increase to $500. Once you discharge is in the past you can reapply for a card that is not in the 'low bucket' of never growing. The good part of this is that you will have a relationship with Cap1 so you can get a second card with them in 6 months (which is what i did). 

Cap1 never asked me anything and the BK court never said anything so you hsould have no issues.




3/12/19 - FICO 8 - 658/646/653
Goal - FICO 8 - 750/750/750
Message 9 of 11
Regular Contributor

Re: Capital One Approval Before Discharge

On the app it says if you make five consecutive payments on time, you’re eligible for a credit limit increase.

Capital One Platinum MasterCard, $500 Credit Limit.



Credit One Platinum Rewards Visa, $400 Credit Limit.



Indigo Platinum MasterCard, $300 Credit Limit



Chapter 7 Discharge: March 13, 2019

Message 10 of 11
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