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Cap1 Prequal - Is this what i want to see?

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Anonymous
Not applicable

Cap1 Prequal - Is this what i want to see?

Did a quick pre-qualify, it Says -

 

 

(My Name), your results are in

Congratulations! We think you'll like this pre-qualified card offer.

 

QS1

 

Gives an APR 

0% intro APR for 9 months; 23.24% variable APR after that

39 dollar AF

 

Also has the platinum with no AF

 

I'm going to wait till tomorrow so I can call during the day and ask for more of a starting credit line (I dont know what it will be)

- this wont cause a second HP will it, askign for additional starting?

Message 1 of 14
13 REPLIES 13
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?

Yes, the "Congratulations..." is a pre-approval. Good luck!

 

Edited to add that I don't think you can negotiate your SL with Capital One. You'll just have to wait 3 months and try for a CLI.

Message 2 of 14
RonM21
Valued Contributor

Re: Cap1 Prequal - Is this what i want to see?

Yes!!!! This is what is should say if you have a real pre-approval.

There was not a HP for the prequal site. Only a SP. However once you officially apply, they'll like HP each one of the 3 bureaus.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 3 of 14
padme
Established Contributor

Re: Cap1 Prequal - Is this what i want to see?

Alot of times this could be a way to other cards.I started with a qs1, then got the 4 ventures. Oh yes, and all those HPs. All using the prequal page.
Message 4 of 14
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?


@Anonymous wrote:

Did a quick pre-qualify, it Says -

 

 

(My Name), your results are in

Congratulations! We think you'll like this pre-qualified card offer.

 

QS1

 

Gives an APR 

0% intro APR for 9 months; 23.24% variable APR after that

39 dollar AF

 

Also has the platinum with no AF

 

I'm going to wait till tomorrow so I can call during the day and ask for more of a starting credit line (I dont know what it will be)

- this wont cause a second HP will it, askign for additional starting?


It's alway worth trying...But Cap1 will not increase your starting line.

Message 5 of 14
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?

So i tried the Platinum card first.

 

Approved at 3K 24.99 (yikes)

Called in and asked for more, was told that i could call back after teh card was activated.

 

Tried for the QS1 next

7-10 day message

Called in and was told "Here at capital one you are only allowed to apply every 6 months" 

So it wasnt a "Denial" on CR, just an internal denial from Cap1

 

So I plan to Charge this card to 2500 of it's 3K limit every month and PIF (I make a healthy IT salary in Seattle)

 

In hindsight i should of maybe gone for the QS1 first as the rate was better (i dont plan on a balance) and the cashback would of been nice.

Wish this was a visa though so I could use at Costco!!!

 

How long should i need to flex this card before I can PC to a QS ?

 

Is there another card I should try to get two opened since Cap1 was only one HP?

The 700 in 24 suggests 2 cards...

 

Perhaps I'll ask NFCU for a CC after this one reports for 2 months (waitign on my account there to pass membership vis Navy League of San Diego.

 

Message 6 of 14
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?


@Anonymous wrote:

So i tried the Platinum card first.

 

Approved at 3K 24.99 (yikes)

Called in and asked for more, was told that i could call back after teh card was activated.

 

Tried for the QS1 next

7-10 day message

Called in and was told "Here at capital one you are only allowed to apply every 6 months" 

So it wasnt a "Denial" on CR, just an internal denial from Cap1

 

So I plan to Charge this card to 2500 of it's 3K limit every month and PIF (I make a healthy IT salary in Seattle)

 

In hindsight i should of maybe gone for the QS1 first as the rate was better (i dont plan on a balance) and the cashback would of been nice.

Wish this was a visa though so I could use at Costco!!!

 

How long should i need to flex this card before I can PC to a QS ?

 

Is there another card I should try to get two opened since Cap1 was only one HP?

The 700 in 24 suggests 2 cards...

 

Perhaps I'll ask NFCU for a CC after this one reports for 2 months (waitign on my account there to pass membership vis Navy League of San Diego.

 


Congrats on the Platinum approval, 3k is a decent SL for that card. And I probably should have warned you to only go for one card with Cap1 because they have apparently changed policy recently and now only one app every 6 months.

 

As for another card, what are you current scores, and do you have baddies?

Message 7 of 14
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?

No baddies beside ch13, discharged 2 months ago.

 

636/616/615

Message 8 of 14
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?


@Anonymous wrote:

No baddies beside ch13, discharged 2 months ago.

 

636/616/615


Your scores are a little low, and the BK is pretty recent. I bet if you use the new Cap1 card for a few months you should see an increase in your scores, and then you would have a better chance getting another card.

Message 9 of 14
Anonymous
Not applicable

Re: Cap1 Prequal - Is this what i want to see?

Sounds good, thank you.
Message 10 of 14
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