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Cap 1 pre approval tool reset on soft pull?

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Savjlemst4
New Visitor

Cap 1 pre approval tool reset on soft pull?

I utilized the Cap 1 pre approval tool on July 17th for the Venture X. Was declined because of two many newly opened accounts. I opened an old navy and an ultra card in November last year, and got a personal loan in April, but no credit cards since November. I actually ended up closing the old navy and ultra cards because the rewards just weren't worth it. Anyway, I tried the pre approval again yesterday (July 26th) and I got the same denial and the letter had the July 17th date of soft pull...which was from my first attempt. I thought they did a soft pull each time? Anyone know when it should reset and they will pull a new one? 

thanks! 

Message 1 of 3
2 REPLIES 2
coldfusion
Credit Mentor

Re: Cap 1 pre approval tool reset on soft pull?

I don't know but am going to spitball it would be 31 days after the previous soft pull. 

 

Did you close those 2 cards after the 7/16 preapproval failure with the idea that doing so would help your odds of getting a preapproval?

(7/2025)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 2 of 3
Savjlemst4
New Visitor

Re: Cap 1 pre approval tool reset on soft pull?

That's what I'm thinking too. I GUESS I'll be patient and wait lol 

 

nah not necessarily. But it did get me thinking about the cards I have, and I genuinely don't need those (honestly regret even applying for them, but such is life I guess!)

 

my vantage score actually dropped after doing it, but my FICO 8 actually raised by like 5point. Weird the difference between the two is that vast. 

Message 3 of 3
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