Capital one asks for proof of income

[Jccflat]

I have three navy federal credit union my own card form the last 7 months and then 2 authorize user cards
Applied for a cap 1 platinum preferred Since I had a pre approval
Now application is pending they asking for proof of income Income is one 149,000 yearly
I want to know i should waste my time will it be a approval card f $300 or much more since they asking for proof of income
My Trans Union is 725 FICO clean
Equifax in Experian or in the range of 610 Since I have a Charge off there

[CreditCuriosity]

Up to you .. You took a triple pull so want the card?  Why did you apply for that card when you have better cards being NFCU?  We can't decide for you whether you want to provide pay stubs, but not very intrusive to me as Cap1 usually doesnt ask for 4506's that I recall.

[Anonymous]

Depends on your profile. The limit on yor current card, and the age of the account will be considered. As well as any other info in your CR. But there are no guarantees of a high SL just because you furnish POI. Income isn't the sole factor in determining CL, your history is.

You've already taken the HP, so why not just follow through? I wouldn't think that it would be a starter card with $300 CL, but I don't know Cap1 that well.  People have cold apped before and gotten generous Cls.

Your call

[Anonymous]

Unfortunately 150K/yr doesn't translate to a high CL w/o the higher scores.

I would keep hammering away at the CO's to get your other 2 scores cleaned up.  Keep using your existing cards in the meantime to build your scores while they age.  

I wouldn't bother applying for Cap1 again though just from personal views on them. There are better options in the long term w/o all the hoops to jump through to deal with them when it comes to getting / keeping  a higher CL with them.

[Remedios]

Last thing you want to do when applying for Cap One is to clean up CR 

[CreditGame12]

So, from my knowledge, the platinum preferred is usually a higher limit. Usually at least 1k. But, for a card with no rewards, I'm confused why you applied for it. You did take the triple pull like so many other pointed out.

[FinStar]

Capital One is a lender that tends to use The Work Number, so it's fairly possible the reason your application was flagged for POI is due to reported income inconsistencies from other sources.

Totally up to you @Jccflat on how you want to proceed. And, as mentioned upthread, the $149K income is no definite guarantee of a high SL. There's other factors that play into the final decision.

When is the collection due to drop off EX and EQ? Are there multiple COs or just one?

[Anonymous]

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@Remedios wrote:

Last thing you want to do when applying for Cap One is to clean up CR 

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Can you expound a bit on this statement? Thanks.

[CreditCuriosity]

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@Anonymous wrote:

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@Remedios wrote:

Last thing you want to do when applying for Cap One is to clean up CR 

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Can you expound a bit on this statement? Thanks.

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meaning they prefer people with a few mistakes in their past and tend to more likely to pay interest and in-turn be a more profitable customer.  Not trying to put words in her mouth, but that is how i would take it as that is their main target market IMO as they use asset backed securities etc.  @Remedios can address this though if she would like

[Remedios]

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@Anonymous wrote:

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@Remedios wrote:

Last thing you want to do when applying for Cap One is to clean up CR 

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Can you expound a bit on this statement? Thanks.

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It means they can be very friendly to rebuilders, including the ones who burned them