Cap One - any point if not pre-approved?

[expatCanuck]

Received a Cap One ITA for the Savor last week. Delightful SUB. That said, I'm 8/12, having added two in mid-October. I'm known to CO only through a bank account that hasn't yet started receiving my payroll. Above-average income, healthy FICO scores.

BUT CO's pre-approval site says that all I'm qualified for is the QS1.

So, any point in applying? (I'm inclined to think not.)

[FinStar]

I personally would err on the side of caution and wait until the actual product that I'm interested (Capital One-wise) became available as a pre-approved offer.

With some of the recent changes in their UW criteria, this would get you a step closer than perhaps a cold application that would otherwise be a shot in the dark. My opinion anyways.

[Anonymous]

I cold-apped for the Savor One a couple weeks ago and was approved with a relatively massive limit. Their site only showed pre-approvals for their "Platinum" and QuickSilver cards.

I did have a Platinum card with them for over 15 years, so that may have helped. I was 5/12 (3/6). FICO a bit lower but comfortably over 700. 

The 8/12 may scare them a bit. All things considered, the card may be redundant if you already have the Uber card. I'd say you have a good shot, but not guaranteed. Mostly depends on how you feel about a triple pull to get what may only be limit padding.

[RonM21]

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@Anonymous wrote:

I cold-apped for the Savor One a couple weeks ago and was approved with a relatively massive limit. Their site only showed pre-approvals for their "Platinum" and QuickSilver cards.

I did have a Platinum card with them for over 15 years, so that may have helped. I was 5/12 (3/6). FICO a bit lower but comfortably over 700. 

The 8/12 may scare them a bit. All things considered, the card may be redundant if you already have the Uber card. I'd say you have a good shot, but not guaranteed. Mostly depends on how you feel about a triple pull to get what may only be limit padding.

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This is very key.  How worth it to you are the triple pulls.

[MrDisco99]

Me personally I’d want some assurance that those three HPs won’t be wasted before submitting that app. I would wait for a preapproval, especially for the Savor which is kind of their halo product right now, and probably has their toughest underwriting after the Venture.

[_NERD]

Is their new UW criteria known yet? I’m 0/24 and when I pull my 3B Ultimate next week, I “might” hop out of the garden for it. Not sure if I want to forfeit my diamond badge for a shot in the dark.

[kdm31091]

The Savor seems redundant for you anyway. You already have the Uber for 4% dining. The TD Cash card has 3% dining/2% grocery just like the Savor no AF version.

So no, I wouldn't waste an app honestly.

[Anonymous]

@expatCanuck I was not pre-approved for my Venture in 2017. I apped anyway based on the history with my QS. I was approved. YMMV