@CreditInspired,
I appreciate and respect your reply. I personally feel like it should have a direct message instead, but that's neither here nor there.
I wish I could take the credit for being the one that came up with calling them by that name, but I actually saw another poster on here make that comment and it just fit with my experiences as well. I'm glad that you had positive experiences with them. I can also understand your view of it as a second chance card. And while I understand that, just because it's a second chance card, that doesn't always make it a good card to get. Heck, Credit One is also considered a second chance card and they don't exactly come with glowing reviews.
I will state that my experience with Capital One was a horrible journey and one that I am glad to close the chapter on yesterday I won't go into the gory details here. Even that last phone call was painful and had to be escalated, even though the CSR kept refusing to do so. It ended better with a supervisor that let me know that is "the problem with outsourcing" and "a training opportunity will need to occur." (Her words, not mine.)
Lastly, I am a believer in not always applying a sugar coat to things. It's good to see the positives, along with the negatives, to make an informed decision. In fact, that will sometimes prompt questions and create learning experiences on both sides. That's probably the coaching aspect of my profession coming out. We look at both sides and find ways to make the negatives into a more favorable experience. I feel that can happen in every day life, too.
I do understand you point of view, but I stand firmly behind mine as well. I won't refer to it as Crap1 going forward, yet, I feel I have the personal obligation to highlight "buyer beware" points along the way based on my own experiences. I wish I had been aware of some of them before I went with Capital One. But that's my responsibility and I own that I overlooked it. I will also be changing my tag line and removing the reference and "Avoid." However I will make mention that it is not a personal choice of mine.
Thank you for your thought out comments, even if we don't see eye to eye. Have a great Tuesday! #ChapterClosed
(ACHIEVED!)
@chckn_permission wrote:@dsotm76, at the time, I had somewhere between $1.5-2K in there as the initial deposit. I was given a $1,000 SL.
Thank you so much for this information. I think that if I open an account and keep adding to it, by February, I can have a decent little egg growing in there. This gives me an excellent reference point. I appreciate the share!
@Medic981 wrote:As I understand it, a Chase checking or savings account will not improve your chances of a CC with Chase.
If banking relationship didn't matter, Chase would have most certainly denied my apps for 2 new credit cards with them, with low-600's scores (at the time) and only a few months after settling (for less) a different charged off card Chase card I had previously.
I'd venture a guess that, based on my otherwise mediocre credit history and downright awful record with Chase credit cards when I applied, my 10yr+ banking history probably factored into their instantly approving me for $14k in credit lines with no questions asked. Am I sure that it helped? No. But I really doubt I'd have been approved absent my banking account history with them.
That said, I am sure that the age of your banking accounts with them matters - I doubt that if I opened an account with them only last year that I'd have had the same results. Probably its relevance is weighted based on how much banking you do with them, and for how long. So in OP's scenario, I doubt that opening an account today and depositing a few "token" dollars is going to factor into their approval for a credit card next year.
Total Loan Balance: $43k / $65k
Total SL: $78k
@coreysw12 wrote:
@Medic981 wrote:As I understand it, a Chase checking or savings account will not improve your chances of a CC with Chase.
If banking relationship didn't matter, Chase would have most certainly denied my apps for 2 new credit cards with them, with low-600's scores (at the time) and only a few months after settling (for less) a different charged off card Chase card I had previously.
I'd venture a guess that, based on my otherwise mediocre credit history and downright awful record with Chase credit cards when I applied, my 10yr+ banking history probably factored into their instantly approving me for $14k in credit lines with no questions asked. Am I sure that it helped? No. But I really doubt I'd have been approved absent my banking account history with them.
That said, I am sure that the age of your banking accounts with them matters - I doubt that if I opened an account with them only last year that I'd have had the same results. Probably its relevance is weighted based on how much banking you do with them, and for how long. So in OP's scenario, I doubt that opening an account today and depositing a few "token" dollars is going to factor into their approval for a credit card next year.
Thanks for the comments and feedback. I really appreciate it. I was afraid that 5-6 mos might not be enough, but it was a thought that it might help. They also have a nice checking sign on bonus. LOL I just want to make sure I get a shot with them.
