No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Honestly you need to read what you just wrote before doing anything else. I know it was an honest mistake, but the mistake was yours and not Cap1. You already got 3 HP just by applying for the one card, and then another 3 pulls for the denied card. 6 Hp pulls and then you turn around and cancelled the card? That is misplaced anger. Then you're willing to wait 1-2 months for another 3 HP for the correct card?
That card better be worth it. You may want to verify what your Fico score is not versus relying on a CK score.
After this fiasco which was self-inflicted you should not be applying for anything for months. 6 HPs and a cancelled card don't look good.
I would wait to hear the advice about dealing with Cap1 from other people on this forum, whether or not you can upgrade the card. I would still call them to disregard your letter and not cancel the card. I'm sure there is a way to switch cards since at least one CSR told you that. And other people on MyFico talk about swithching their QuickSilver card to another card.
Lesson learned. I know it was hard, but there is something positive you can take from this.
@Anonymous wrote:
Why do you think it is that I was approved for one and denied for the other within minutes while they have the same requirements?
Credit profiles are not static. Qualifying for one product doesn't mean that you will qualify for another product with similar requirements because your profile changed when you applied. Your profile will also change when the new account reports. Further, recent activity can give creditors concern.
@Anonymous wrote:
Also, since I really did not want the Venture One card and I have other cards I really had no need whatsoever for that card and was pretty angry with Capital One so I closed the account by phone and mailed a letter as well. After being approved for the wrong card with the credit pulls my score per CreditKarma has tanked to 640.
As stated above you made the mistake. If one pull tanked your scores then the pull isn't your problem and you need to address the other issues with your credit profile. Pulls are a relatively small factor. Additionally, most creditors do not use the VantageScores provided by CK.
IMO you should have kept the card open and tried to PC down the road. You already did the damage and closing does not help.
Call Cap1 and ask to speak to a supervisor and see if you can get the card back, and see what you have to do to get the card changed.
@Anonymous wrote:
Are you sure you actually applied for the wrong card? The Venture 1 is a lower tier from the Venture. Often if a person applies for an upper-tier card, it automatically checks qualification for every card beneath it in the same "family". It could be you didn't qualify for Venture but did for Venture 1, so they automatically gave you that one.
Also, to get a PC from Cap1, you really need to speak with the EO. Post on their Facebook page saying you're upset with not getting the rewards you want and they will begin a dialogue which invites you to call the Executive Office. That is where everything happens in this company.
You sure about that? I know that the QS One is lower tier than the plain QS, but I don't believe CapOne followed the same convention with the Venture cards. When I apped a couple of years ago, both the Ventures were listed as requiring excellent credit. They just have different, but roughly equivalent, benefits.
Hang in there, OP, and I agree that you should see if you can get your VentureOne card back. You'll be able to convert it to a Venture later.
Many have done this. you are not the first. The good news. keep checking Cap one pre qual site. and jump on the venture next time. sure you will pay another 3 hps but hey. i will spend that for a 20k limit.
@Gunnar419 wrote:
@Anonymous wrote:
Are you sure you actually applied for the wrong card? The Venture 1 is a lower tier from the Venture. Often if a person applies for an upper-tier card, it automatically checks qualification for every card beneath it in the same "family". It could be you didn't qualify for Venture but did for Venture 1, so they automatically gave you that one.
Also, to get a PC from Cap1, you really need to speak with the EO. Post on their Facebook page saying you're upset with not getting the rewards you want and they will begin a dialogue which invites you to call the Executive Office. That is where everything happens in this company.You sure about that? I know that the QS One is lower tier than the plain QS, but I don't believe CapOne followed the same convention with the Venture cards. When I apped a couple of years ago, both the Ventures were listed as requiring excellent credit. They just have different, but roughly equivalent, benefits.
Hang in there, OP, and I agree that you should see if you can get your VentureOne card back. You'll be able to convert it to a Venture later.
Yes the VentureOne has a lower tiered card that they offer to those with "average" credit, even though it says on their website it's for "excellent" credit. The only card that I know of that doesn't have different tiers of cards within the same card family (for people with different credit ratings) is the regular Venture.