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Capital One Denied

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Regular Contributor

Capital One Denied

Hi,

 

This is my 3rd time getting denied for Cap 1's Student Journey card. I tried responding them to reconsider the second time with no luck, so I need some help of how I'll respond.

 

This is the only bullet they put on the denial reasons:

- Based on your credit report from one or more of the agencies on the back of this letter, income is insufficient for requested credit

 

Fico 3 Score: EX 679

Red Facts:

- Length of time account

- Time since most recent account open

- Too many accounts w/ balance

- Too many inquiries last 12 months

 

My income is $5772. It would be more but I am a full-time college student. 

 

 

So at the moment, I honestly got no idea of what should I write back to them to reconsider because they pretty much denied me on the income (same income I put on Discover's student and was approve).

Credit Cards

Michigan Schools & Gov't Credit Union Classic Visa Card | $1kDiscover Student Cash Back | $1700Capital One Savor Card v1 | $11k AU

Debit Cards

Michigan Schools & Gov't Credit Union Debit Card | CO-OP NetworkTCF Bank Debit Card

Fico 8 Scores


Fico 9 Scores


Total Hard Pulls in last 12 months


What FICO says in the last 12 months

Message 1 of 18
17 REPLIES 17
Frequent Contributor

Re: Capital One Denied

To the best of my knowledge, there isn’t much luck to be had with Capital One recons. They operated on auto-pilot and if the system spits out a denial they don’t overturn it. I wouldn’t waste your time trying.
Personal Credit -
AMEX: Platinum, Green, Cash Magnet, Delta Gold
PNC: Cash Rewards
NFCU: Flaghship Rewards, Cash Rewards, CLOC
PSECU: Founders
BB&T: Spectrum Cash Rewards
CapOne: Quicksilver
Discover: IT Chrome
Synchrony: PayPal 2%, PayPal Credit
Barclays: Uber
Store Cards: Target
AU Cards: Citi Rewards+

Business Credit-
AMEX: Blue Business Plus, Amazon Prime, Simply Cash Plus
Message 2 of 18
Super Contributor

Re: Capital One Denied

Why are you applying for a journey card if you have a savor in your sig? Also, how many cards have you opened in the last 2 years, and how many inquiries do you have in the last 24 mos, 12, and 6?







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Message 3 of 18
Valued Member

Re: Capital One Denied

Sorry about your denial.

Your Savor Card is much better than the Journey card that you were denied for. Just use it for another year and build some more history.
Message 4 of 18
Regular Contributor

Re: Capital One Denied


@Brian_Earl_Spilner wrote:

Why are you applying for a journey card if you have a savor in your sig? Also, how many cards have you opened in the last 2 years, and how many inquiries do you have in the last 24 mos, 12, and 6?


It isn't their card. That's probably why.

Currently rebuilding:
1/18 -
5/19 -

Message 5 of 18
Senior Contributor

Re: Capital One Denied

Your income is way too low. You’ve currently got $1500 worth of credit extended to you outside of the AU card. You could very easily get yourself in trouble so you need to show responsible use over time. Use those cards for 6 months and try again. 

 

Aggressive credit seeking makes young files look extremely risky. I would stop throwing away HPs. 


Scores 1/2019:
Scores 5/2019:

Hover over my cards to see my limits!
Goal: Garden... and garden... and garden.
Message 6 of 18
Regular Contributor

Re: Capital One Denied


@aircobra wrote:

@Brian_Earl_Spilner wrote:

Why are you applying for a journey card if you have a savor in your sig? Also, how many cards have you opened in the last 2 years, and how many inquiries do you have in the last 24 mos, 12, and 6?


It isn't their card. That's probably why.


 


@SnowMountain wrote:
Sorry about your denial.

Your Savor Card is much better than the Journey card that you were denied for. Just use it for another year and build some more history.

The Savor Card isn't mine. That is why there is a tag saying "AU" next to the credit line of that card.

The other 2 cards are mine and were open up 3 months ago

Credit Cards

Michigan Schools & Gov't Credit Union Classic Visa Card | $1kDiscover Student Cash Back | $1700Capital One Savor Card v1 | $11k AU

Debit Cards

Michigan Schools & Gov't Credit Union Debit Card | CO-OP NetworkTCF Bank Debit Card

Fico 8 Scores


Fico 9 Scores


Total Hard Pulls in last 12 months


What FICO says in the last 12 months

Message 7 of 18
Super Contributor

Re: Capital One Denied

Got it. The tag can't be seen if you're not using a computer.







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Message 8 of 18
Senior Contributor

Re: Capital One Denied


@Brian_Earl_Spilner wrote:

Got it. The tag can't be seen if you're not using a computer.


Press and hold the image and it pops up. Not as convenient as running the cursor over it but it works. 


Scores 1/2019:
Scores 5/2019:

Hover over my cards to see my limits!
Goal: Garden... and garden... and garden.
Message 9 of 18
Super Contributor

Re: Capital One Denied


@Saeren wrote:

@Brian_Earl_Spilner wrote:

Got it. The tag can't be seen if you're not using a computer.


Press and hold the image and it pops up. Not as convenient as running the cursor over it but it works. 


Doesn't work. Android phone, chrome, desktop view







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Message 10 of 18