Capital One Important Data

[RonM21]

First I heard of this. Good to know, although I wasn't planning on aping multiple cards within that time frame with them due to their HP process.

[Anonymous]

Just my experience... I recently was pre-qual'd for the Venture card also.  My last application was 30+ days ago at the end of April.  When I applied for the Venture card with my pre-qual, it was denied due to "there is a currently pending or recently processed application with Capital One"  

Edit :  I did not receive any HPs due to this either. 

Other than this application and the one in April, I have had no recent applications.  I call customer service and the fraud department to verify that I had no applications since April.  No one was able to tell me WHY that was given as the denial reason.   Unfortunately I wasn't able to speak with a supervisor, but neither the frontline CSR, nor the fraud depart could provide any other details.  ( Fraud recommended putting a passcode on my account and having the new account freeze put on my CRs.)

[svtthis]

I believe the op is right. I was just approved for a venture last night and immediately applied for the quicksilver card. My qs application was instantly denied and doesn't look like it pulled my cr. I was pre qualified for the venture venture one and quicksilver. Seemed odd at the time but now this makes sense

[UncleB]

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@svtthis wrote:
I believe the op is right. I was just approved for a venture last night and immediately applied for the quicksilver card. My qs application was instantly denied and doesn't look like it pulled my cr. I was pre qualified for the venture venture one and quicksilver. Seemed odd at the time but now this makes sense

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+1

I can add a data point as well... yesterday one of my brothers checked the pre-qual site and it presented him with the QS1 and the Platinum.  He apped for the QS1 and was approved, and a few minutes later he tried the Platinum and it was declined... and it didn't take but a second to respond, either (a much faster response than the approval).

It's certainly not a 'good' change, but it does make sense.  Now that you can combine accounts after six months, this is (or rather, 'was') a good way to build up a credit line quickly that otherwise they might not have approved you for outright. 

It was nice while it lasted, though...

[Anonymous]

Well to those applying twice in one day.... the previous ( or current ) policy from Cap One was ONE app within a 30 day time frame.  If you submit two, the first would be processed, the second would be instantly denied for this reason  ( within 30 days ).

The OP is saying the 30 day window is being changed to 6 months between apps.  It is Cap One so we have no way of knowing....

[UncleB]

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@Anonymous wrote:

Well to those applying twice in one day.... the previous ( or current ) policy from Cap One was ONE app within a 30 day time frame.  If you submit two, the first would be processed, the second would be instantly denied for this reason  ( within 30 days ).

The OP is saying the 30 day window is being changed to 6 months between apps.  It is Cap One so we have no way of knowing....

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That might have been "official" policy, but unofficially many folks on here have reported being able to get approved for two cards back-to-back. 

It seems to have been over for a little while now, though. 

[UncleB]

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@Anonymous wrote:

Well to those applying twice in one day.... the previous ( or current ) policy from Cap One was ONE app within a 30 day time frame.  If you submit two, the first would be processed, the second would be instantly denied for this reason  ( within 30 days ).

The OP is saying the 30 day window is being changed to 6 months between apps.  It is Cap One so we have no way of knowing....

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I also wanted to note that officially it's two cards in a 30 day period, not one. 

I understand that I am not eligible for this offer if:

• My application is received after this offer expires, is incomplete, unreadable, inaccurate or cannot be verified.
• My address is not in one of the following locations: the 50 United States, Washington, D.C., or a U.S. military location.
• My address is a correctional institution.
• My monthly income (my disclosed total annual income divided by 12) doesn't exceed my monthly rent/mortgage payment by at least $425. Or, Capital One otherwise determines that I am unable to make my monthly payments.
• I am under 18 or do not have a valid Social Security Number or Individual Taxpayer Identification Number.
• I have applied for a Capital One credit card 2 or more times in the last 30 days.
• I have 5 or more open credit card accounts with Capital One.
• I have a past due Capital One credit card account.
• I am over my credit line on a Capital One credit card.
• I have had a Capital One credit card that charged off within the past year.
• I have a non-discharged bankruptcy (one that is still unresolved).

You can read all the fine-print at the botton of any of their card description pages, such has here.

[Anonymous]

You are correct in that uncleB...   I'm can only speak to my  experience.

April 28 I applied for QS, then immediately applied for the Venture.  The QS was approved, but the Venture was denied due to "recently processed application."  So I called CS, and the nice lady told me that I was only able to apply and be approved for one card within a 30 day period.   If I was still interested in the card, I could apply again after 30 days, that no HP had been done to my reports.

I'm sure others have had different results, as it is Cap One and YMMV...  

[Gmood1]

Wow!! Glad I got all my double Capital one apps out of the way. I acquired two QS and two Ventures last year.
Just zeroed out all of the balances. Snagged a $1k increase on one of the Ventures a few days ago. Now waiting for the go ahead to combine 3 of my cards into my oldest card.
Today was 6 months for the newest cards. Looking forward to creating a $49.5k QS. While clearing out the clutter.

Thanks OP for the info!

[Anonymous]

You know Cap One is pretty cappy crappy sometimes with the CSR's.  I can get a totally different answer when speaking with a couple of them.  But if this is the new rule.  It's going to be a lot of pulls and a long wait.  Sorry to hear about your co-worker.  Seems most are making new rules now.  Economy is tightening up a bit again.  We had a rush of new homes built around here and now they have come to a halt.