So, got a rude awakening earlier this week from Cap 1. After all of the success stories of $10k+ SLs and researching minimium FAKOs (which is the problem, really), I decided to risk the triple-pull and go for the Venture One (as it would arrive at just about the time I hit bonus on the AAdvantage card).
My FICOs are all above 700 (with the exception of EQ, which is showing at 695, but that score is also 32 days old and should be updating), including 717 on EX. But, as we all know, Cap 1 doesn't do FICO.
I've complained here before (once or twice 
) about how my FAKO scores are 50-80 pts BELOW my FICOs. I've been messing around with the Simulator on the Cap 1 webiste, and no matter what I do, I cannot get my FAKO above 680, still a significant amount below my actual FICO. Also, I mentioned that my FAKOs took a 20 pt hit when my BT debit hit a few days before my BT payment (moving over to a 0% card, because I can). The dip lasted literally about 48 hours.
I waited on the letter as to why I was denied, to only receive it today. Evidently my EX FAKO is only 633, 25 pts BELOW my other FAKOS, and 84 pts BELOW my EX FICO (currently and historically my highest FICO). That was the only score listed in the letter (also the only FAKO not readily available to me)
So, despite having a 21-month 0% BT card (from Jan), a $6.5k AAdvantage card (from Feb), nearly $10k in CLIs last month, a 12% REPORTED util (it's actually closer to 9%, but with lags in both payments and CLIs, it appears higher), EX has decided my Vantage 3/FICO 4 is 84 pts less than my FICO 8.
Just a chance to get this off my chest, and to offer others some data points. I'll probably re-apply in a couple of months, after my FAKOs go up a bit.
@Anonymous wrote:So, got a rude awakening earlier this week from Cap 1. After all of the success stories of $10k+ SLs and researching minimium FAKOs (which is the problem, really), I decided to risk the triple-pull and go for the Venture One (as it would arrive at just about the time I hit bonus on the AAdvantage card).
My FICOs are all above 700 (with the exception of EQ, which is showing at 695, but that score is also 32 days old and should be updating), including 717 on EX. But, as we all know, Cap 1 doesn't do FICO.
I've complained here before (once or twice
I waited on the letter as to why I was denied, to only receive it today. Evidently my EX FAKO is only 633, 25 pts BELOW my other FAKOS, and 84 pts BELOW my EX FICO (currently and historically my highest FICO). That was the only score listed in the letter (also the only FAKO not readily available to me)
So, despite having a 21-month 0% BT card (from Jan), a $6.5k AAdvantage card (from Feb), nearly $10k in CLIs last month, a 12% REPORTED util (it's actually closer to 9%, but with lags in both payments and CLIs, it appears higher), EX has decided my Vantage 3/FICO 4 is 84 pts less than my FICO 8.
Just a chance to get this off my chest, and to offer others some data points. I'll probably re-apply in a couple of months, after my FAKOs go up a bit.
I FEEL FOR YOU. I have about a dozen inqs from apply to there prequal ..we know youll love this card. You are highly qualified.
You do have some great boards though!
