Cap One Recon after BK Discharge

[fltireguy]

I had a denial a year ago. Emailed the EO. Turned into an approval. YMMV

[fltireguy]

I should add (can't edit the post because I'm on my phone) that I had a secured card with them for 18 months with a perfect payment history, as well as a (then) 2 year old auto loan with no lates. Apples for an unsecured card and was denied. Emailed EO, and they called me back within 2 business days. Had a nice talk with them about my reports, and recent payment history, and was approved within a few days for a $500 QS1, went to $1.5k in 3 months and $2k at 6 months. The ONLY reason that I still have the card is that they have been more than fair with me overall.

[Scupra]

There is always an exception to the rule! Nothing wrong with trying to be the exception

[Anonymous]

Got my Chp. 7 discharge last month. Applied for the cap one platinum and credit one visa on the same day, scores were real low and I included high balance cap one in BK so figured they would deny. They did but credit one approved (of course). C1 sent me a letter asking me to send any additional information if I would like them to reconsider. So I replied with my own letter explaining why I had to file bankruptcy and that my payment history for the years prior to filing was excellent. Just got an e-mail today saying my new card was shipped. Does not give any other information about limit or anything, (I'm sure it's probably low) but it's an unsecured card, so I can cancel the credit one when it gets here, since I really didn't want it anyway! 

They did not pull my credit with the first denial, probably on auto deny cause the bankruptcy info. EQ, TU, and EX are all reporting a hard pull from them a few days before I got the e-mail.

 
So long story short, a month out of BK and with them included, they did recon. 

Filed BK7: 3/2017 Discharge 6/2017
575 EQ FICO 7/2017
500 TU FICO 7/2017
530 EX FICO 7/2017

[Scupra]

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@Anonymous wrote:

Got my Chp. 7 discharge last month. Applied for the cap one platinum and credit one visa on the same day, scores were real low and I included high balance cap one in BK so figured they would deny. They did but credit one approved (of course). C1 sent me a letter asking me to send any additional information if I would like them to reconsider. So I replied with my own letter explaining why I had to file bankruptcy and that my payment history for the years prior to filing was excellent. Just got an e-mail today saying my new card was shipped. Does not give any other information about limit or anything, (I'm sure it's probably low) but it's an unsecured card, so I can cancel the credit one when it gets here, since I really didn't want it anyway! 

They did not pull my credit with the first denial, probably on auto deny cause the bankruptcy info. EQ, TU, and EX are all reporting a hard pull from them a few days before I got the e-mail.

 
So long story short, a month out of BK and with them included, they did recon. 

Filed BK7: 3/2017 Discharge 6/2017
575 EQ FICO 7/2017
500 TU FICO 7/2017
530 EX FICO 7/2017

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I would say to keep the Credit One reporting until your next AF hits. No reason to close it right away if you aren't paying fees.

[Anonymous]

The Credit One card has an annual fee of 75$ but I don't think they charge that until the card is activated or you have had it for a certain period. I will read the papers when they come in to see how long I have.  

[Anonymous]

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@Anonymous wrote:

The Credit One card has an annual fee of 75$ but I don't think they charge that until the card is activated or you have had it for a certain period. I will read the papers when they come in to see how long I have.  

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First of all, congratulations on both a great recon, and sharing a great and timely data point!

I have a friend that just got a Credit One, and it seems the $75 came on the first bill($25 minimum payment), so you were likely right about after activation.   You may wish to consider if having an extra card open for a year may be worth the $75, as it would put you closer to the optimal amount of cards, as well as giving you a larger total credit line.