Applied For a Cap One OuickSilver.

[OmarGB9]

I think you should just give it time and be patient. If the end result is a denial, THEN call back and try to talk to a specialist and recon. Just my opinion.

[kobe81]

Thats what I'm going to do now. It is what it is. 

I'm trying to get a new car as it is right now, so I don't want anything to effect my loan. 

[Anonymous]

I don't think it hurts to call and inquire in a friendly way.

[kobe81]

Well, I called up CS and they told me that I was approved. I was happy to hear that, but I was waiting for her to give me the starting CL. (thought it was going to come back at $300) She then told me that the SL was $5,000. I was happy....but I wanted looking for more. Do you think I should try to do a re-con on it?

[OmarGB9]

Cap1 doesn't really recon SLs. Be glad you got $5k rather than the $300 you were expecting lol. But the nice thing with cap 1 is that they grow with you.

[CreditCuriosity]

Gotta ask why is your utilization at 38% when making 300k a year?  

[kobe81]

CC, I take it that they are looking at my AMEX charge cards that I spent $7,000 on average, along with two auto loans and one Cap One Card that has a 20K limit and I'm at 14,800 used but I pay in full.

[CreditCuriosity]

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@kobe81 wrote:
CC, I take it that they are looking at my AMEX charge cards that I spent $7,000 on average, along with two auto loans and one Cap One Card that has a 20K limit and I'm at 14,800 used but I pay in full.

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Thanks..  Just make sure when you apply for any CC for that matter that it is has reflected your payment meaning that Cap1 should be at like 100/20k or under 10% vs. utilization being that high.  Check you reports prior to applying next time and make sure the payment has posted then apply as it will yield better results with <10% utilization and better terms.  I am guessing that Cap1 utilization cost you 20-30 points on Fico score due to utilization as you are essentially using 75% of CL which is getting close to being maxed which is considered 90%.  Just food food for thought.