Cap1 denial letter

[taxi818]

---

@Anonymous wrote:

Ventureone is an "Excellent Credit" card.

I called in, and they said

"since we pulled your reports in september, you only have 2 months of credit history and only two cards. that is not enough to qualify for an Excellent rated card"

"No, I have 9 open tradelines from prime lenders and 2 loans. you're not the only credit card company on the planet"

"sir, you dont qualify for this card because you do not have good enough credit"

"okay, then why did the letter say that i didnt have ANY credit? that doesnt make sense to me. I dont have any freezes on my reports, and I have impeccable credit."

"sir i recommend speaking with a credit advisor to help guide you to establishing a credit history"

"I would like to speak to a credit analyst or a supervisor"

"we do not have credit advisors at Capital one. I can give you the phone number for the credit bureaus who can help assist you."

"no thank you. goodbye."

UGHHHHHHH

I'm really beginning to despise crap1. every other number on the backdoor thread takes you straight to the automated system. 

---

Why. They are right each bank set limits whether you like it or not. Amex I think is 5 cards. Cap 1 is 2 reg cards. 2co branded. Like poster said. Get rid of 1 of the other cards. Should have checked cap ones pre approval site. It's pretty accurate. If it did not say congrats. Don't waste a pull. Read more here at my fico. And you will learn parameters of most lenders. Including capital one. 

[Anonymous]

---

@taxi818 wrote:

---

@Anonymous wrote:

Ventureone is an "Excellent Credit" card.

I called in, and they said

"since we pulled your reports in september, you only have 2 months of credit history and only two cards. that is not enough to qualify for an Excellent rated card"

"No, I have 9 open tradelines from prime lenders and 2 loans. you're not the only credit card company on the planet"

"sir, you dont qualify for this card because you do not have good enough credit"

"okay, then why did the letter say that i didnt have ANY credit? that doesnt make sense to me. I dont have any freezes on my reports, and I have impeccable credit."

"sir i recommend speaking with a credit advisor to help guide you to establishing a credit history"

"I would like to speak to a credit analyst or a supervisor"

"we do not have credit advisors at Capital one. I can give you the phone number for the credit bureaus who can help assist you."

"no thank you. goodbye."

UGHHHHHHH

I'm really beginning to despise crap1. every other number on the backdoor thread takes you straight to the automated system. 

---

Why. They are right each bank set limits whether you like it or not. Amex I think is 5 cards. Cap 1 is 2 reg cards. 2co branded. Like poster said. Get rid of 1 of the other cards. Should have checked cap ones pre approval site. It's pretty accurate. If it did not say congrats. Don't waste a pull. Read more here at my fico. And you will learn parameters of most lenders. Including capital one. 

---

I understand that very well. The problem I have is them saying that the reason I was denied is because I dont have any history, when the actual reason was something else. I know for a fact that i am able to get this card (as far as cap1's internal card limits goes. I may not because of my credit) because when I applied for another "average" credit card from them after I got my first two approvals, it auto denied and didnt even HP for that reason. but this is a higher tier card.

[taxi818]

I would not get upset at that. Many lenders come up with bs excuses. Cap 1 included. I got one from them before. That I had no experience. With high limits. Really. Reason for denial. But I can't be mad. I just let it go. And will never app again with cap 1. Although I'm keeping my current cards. After a few more months they wanted me to app again. No way. Now it's me playing hard to get. Shoe on other foot. Always keep in mind. No emotions in the world of credit. It's never personal. Just business. Good luck. 

[gingerflower]

+1