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The rejection letter from my last attempt 6/01 showed they use EQ -- cited for high Util (true -- was 86% then) and low score. My util has cut in half and my EQ score has jumped 70 points since then so Sat I pulled the Luv Lever on both of my QS cards -- wait for message.
Last night the messages came: they used EQ data from 5/29, hence very high util and a 70 point lower score. This morning I called and they said they can only go by what the CRA sends them. I said you don't SP of you'd have up to date info. She said they do. Kick rocks is what she really said.
Hell of a way to treat a customer of 7 years.
@FinStar wrote:
... Unfortunately, they cannot override the system decision to reconsider using a fresh pull.
As I learned this morning.
But it strikes me an ineffective policy re: customer retention.
We see lots of reports of Capital One using old pulls. Given that, I don't think the rep's info was necessarily accurate.
What you might ask is when your next account review will be. The rep should be able to tell you that.
The good news is that being declined doesn't prevent you from requesting again as soon as you think it's a good time.
@HeavenOhio wrote:We see lots of reports of Capital One using old pulls. Given that, I don't think the rep's info was necessarily accurate.
What you might ask is when your next account review will be. The rep should be able to tell you that.
The good news is that being declined doesn't prevent you from requesting again as soon as you think it's a good time.
Yes, that would've been the question to ask. BTW, this was a supervisor. The CSR was brsuhing me off with: we have no control of the reports or the scores here call the CRA and here let me get you a telephone number. Not so fast, my friend.
@Anonymous, I wouldn't count on a rep to be well versed on things that are decided by the computer. I woudn't blame the rep for that. They simply aren't given the information.
A while back, I asked a second tier Chase rep about how they decide whom to pull. She said, "we've been trying to figure that out." Essentially, they were collecting data points and trying to determine patterns just like we do here on the forum.
Check your prequal page.
Often, new Cap One accounts are much better than your old accounts if your score has increased more than 50 points.
I was denied CLI on both my cards, was prequalified for Venture, applied and got $30,000 @ 13.99% apr the same day as my CLI denials.
It is just the way it is. Research buckets and class ceilings related to Cap One.
DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!
@Shooting-For-800 wrote:@check your prequal page ... I was denied CLI on both my cards, was prequalified for Venture, applied and got $30,000 @ 13.99% apr the same day as my CLI denials.
Wow! Thanks for sharing that. Do you have any DP to add?