Current SUBs over $300 cash?

[wasCB14]

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@CreditCuriosity wrote:

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@wasCB14 wrote:

What are their underwriting practices? Are we talking about them potentially turning me down for "aggressive credit seeking behavior" based on their pulls from yesterday?

Last 6: 0 new accounts, only inquiries theirs

Last 12: 2 new accounts, 3 INQ on EX, 2 on TU

Last 24: 3 new accounts, 5 on EX, 2 on TU

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If you are referring to my post i think you would be golden as i read up on it and DP's from DOC at the following link and the first one appears to be a TU puller even better for most.

https://www.doctorofcredit.com/terps-credit-card-review-50000-point-sign-up-bonus/

can read comment section and some good dp's

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I should have been clearer. I was replying to @simplynoir 

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@simplynoir wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Capital One Savor is $500 with annual fee waived first year

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It’s a nice SUB but no intro APR is a bit of a crap sell when you’re taking a hit on each bureau imo. 

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For what the SUB is and with no AF to boot it's no brainer even with 3 HPs to me. The issue with this card is getting approved the criteria/UW for it makes it difficult to get.

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Still no call from Cap1. As multiple people have said it would be a fresh 3x, then depending on their criteria, I may just cut my losses here and let the inquiries age a bit.

[simplynoir]

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@wasCB14 wrote:

What are their underwriting practices? Are we talking about them potentially turning me down for "aggressive credit seeking behavior" based on their pulls from yesterday?

Last 6: 0 new accounts, only inquiries theirs

Last 12: 2 new accounts, 3 INQ on EX, 2 on TU

Last 24: 3 new accounts, 5 on EX, 2 on TU

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I think you should be fine if those are your stats. The UW for this card reminds me when BofA released their Premium Rewards card; people with seemingly good profiles were getting turned down left and right for the card. Think it's both CapOne tightening up and people still thinking of CapOne from years ago when they were giving anyone with decent credit 30k lines.

[Anonymous]

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@Anonymous wrote:

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It’s a nice SUB but no intro APR is a bit of a crap sell when you’re taking a hit on each bureau imo. 

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APR is irrelevant if you're a Transactor that never pays a penny of interest.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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It’s a nice SUB but no intro APR is a bit of a crap sell when you’re taking a hit on each bureau imo. 

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APR is irrelevant if you're a Transactor that never pays a penny of interest.

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Not everyone can just slap down $3000 of charges for a SUB and turn around and pay it right back off. 

But seriously if I am going to take a HP on each bureau, I want an intro APR to revolve a balance on. 

[wasCB14]

I'll carry at 0%. I might consider 1.99%, but don't spend enough to really do much with the money in the meantime. Beyond that, I'll PIF. I could do a lot with $50k at 1.99%...but $5k (25% of possibly a $20k CL) is not so worthwhile.

The goal is/was definitely to get a bit of extra cash back from a disposable component of a travel-focused rewards strategy. A 5.99% APR is the same as 25.99% to me.

[kdm31091]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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It’s a nice SUB but no intro APR is a bit of a crap sell when you’re taking a hit on each bureau imo. 

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APR is irrelevant if you're a Transactor that never pays a penny of interest.

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Not everyone can just slap down $3000 of charges for a SUB and turn around and pay it right back off. 

But seriously if I am going to take a HP on each bureau, I want an intro APR to revolve a balance on. 

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Without derailing the thread, if you cannot afford to swing a sign up bonus spend without paying it off, you probably need to refocus your financial strategy IMO. No bonus is worth going into debt for; that 0% is going to expire eventually. It's easy to spend $3000 but if you can't pay it off without interest the bonus isn't worth it.

Anyway, with regard to Capital One, they are very picky with the Savor product. I haven't bothered applying since we see very few approvals around here.

[Anonymous]

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@kdm31091 wrote:

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Without derailing the thread, if you cannot afford to swing a sign up bonus spend without paying it off, you probably need to refocus your financial strategy IMO. No bonus is worth going into debt for; that 0% is going to expire eventually. It's easy to spend $3000 but if you can't pay it off without interest the bonus isn't worth it.

Anyway, with regard to Capital One, they are very picky with the Savor product. I haven't bothered applying since we see very few approvals around here.

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Well said, K.

As to picky Cap1, I was approved recently (the card is in the mail, allegedly, for about a week now) and there is documented evidence elsewhere that my profile is not so appealing to Lenders. As always, YMMV. 

[wasCB14]

No word from Capital One. Looks like I'll just cut my losses here.

But in case I (re?)apply in the future, is it clear what Capital One likes or dislikes in a profile?

[Anonymous]

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@kdm31091 wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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It’s a nice SUB but no intro APR is a bit of a crap sell when you’re taking a hit on each bureau imo. 

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APR is irrelevant if you're a Transactor that never pays a penny of interest.

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Not everyone can just slap down $3000 of charges for a SUB and turn around and pay it right back off. 

But seriously if I am going to take a HP on each bureau, I want an intro APR to revolve a balance on. 

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Without derailing the thread, if you cannot afford to swing a sign up bonus spend without paying it off, you probably need to refocus your financial strategy IMO. No bonus is worth going into debt for; that 0% is going to expire eventually. It's easy to spend $3000 but if you can't pay it off without interest the bonus isn't worth it.

Anyway, with regard to Capital One, they are very picky with the Savor product. I haven't bothered applying since we see very few approvals around here.

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I know that you’re trying to be helpful but sometimes people have situations that make this impossible. In my case, I’m not allowed to have more than $2000 in countable assets because of medical long term care needs which requires Medicaid that I would not otherwise be eligible for so while I have about $750 a month worth of spending money, I have to spend it as I can’t save it, so revolving a balance is a responsible thing for me to do in my situation when I have a large purchase. 

Sorry to continue the derail but I wasn’t going to leave this one unanswered. 

[Anonymous]

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@wasCB14 wrote:

No word from Capital One. Looks like I'll just cut my losses here.

But in case I (re?)apply in the future, is it clear what Capital One likes or dislikes in a profile?

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Did you try calling them?

Cap has tightened up lately so it’s hard to say what they like and dislike anymore.