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Any thoughts or input on cap1 situation

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havoc
Valued Member

Any thoughts or input on cap1 situation

 So on the 22nd of this month i applied for the quicksilver visa and got the 7-10 message. At that time i already had a quicksilver mc with 5k limit and a venture with 20k, both always paid to zero before statement cut. Scores were in the mid to upper 600's and have never had any issues with any lates of any kind, probably about 8 inquiries between all 3 reports since last summer. Being kind of suprised at the decision, i emailed the EO with a long but polite letter about the application and mapping out my financial situation and trying to alleviate any concerns they might have for extending more credit. Next evening got a call from a very nice woman from the EO office and after making small talk about a few things she asked if  i wanted them to do a reconsideration on the app and advised me it would result in another tri-pull, hence i had no intentions of trying to obtain any more cards for awhile i said okay to the recon accompanied by the new pulls. She said it usually takes 3-5 days for the process to complete and then i would be notified by mail. That conversation occured on the evening of the 23rd, and here we are passing into april and i have yet to see the subsequent pulls from the recon or received any further correspondence. My question to the community is, has anyone else had this type of experience with the cap1 EO on recons, and should the lack of new inquiries be looked at as "good" news or "bad", and also should i wait it out or perhaps try to contact them again either via phone or email?     Thank you all for your help.

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Anonymous
Not applicable

Re: Any thoughts or input on cap1 situation

I don't have any experience doing a recon with the EO, but hopefully they were able to just use the same HPs from your original app. It usually takes 7-10 days to receive a letter, so depending on how long it took for reconsideration, you should be hearing something by next week. If not, I would call back.

Message 2 of 4
Anonymous
Not applicable

Re: Any thoughts or input on cap1 situation


@Anonymous wrote:

I don't have any experience doing a recon with the EO, but hopefully they were able to just use the same HPs from your original app. It usually takes 7-10 days to receive a letter, so depending on how long it took for reconsideration, you should be hearing something by next week. If not, I would call back.


I agree, If you spoke to someone in EO, I would wait for the response. Try to look online in your documents if you have anything. 

Message 3 of 4
Pway
Valued Contributor

Re: Any thoughts or input on cap1 situation

No, I would wait for the EO to give you a decision on the application.  However, I am a little flusterated with people seeking the EO when an application is denied and they already have 2 or 3 high limits cards with Capital One.  Then when they app again and denied or 7-10 message one wants to contact the EO.  

Thank you for the wealth of knowledge I have learned from these forums. I am logging off as of November 9, 2022. I wish everyone great success.
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