cancel
Showing results for 
Search instead for 
Did you mean: 

Denied CLI with Cap1

tag
Shooting-For-800
Senior Contributor

Re: Denied CLI with Cap1

Started off with my first card after BK with Cap One Platinum at $3000 @ 25% apr.

Got a CLI to $3500,

opened another Cap One card (Sony) at maybe $1000,

opened another Cap One card at $3000,

got a CLI to $3500,

closed Sony card,

got a $9,000 CLI on one of 1st cards, 

opened a QuickSilver Visa Siggy  card at $10,000,

PC'd $12,500 Platinum to QuickSilver,

opened another QuickSilver Visa Siggy card at $10,000, 

got a $5,500 in CLIs somewhere in there,

closed $3,500 card,  

PC'd QuickSilver into Venture World MasterCard,

opened another QS VS at $10,000 some time around here, 

combined 4 cards into 2 cards to get $25,500 & $23,750,

opened a new Venture Siggy at $30,000,

YES, got a $400 bonus with $59 annual fee waived 1st year.

 

(to the best of my memory)  Smiley Surprised

 

just got declined for a CLI on the $23,750 card but, 

was just preapproved for another card (Venture, Savor, or QuickSilver), 

too scared to apply due to exposure.

 

I put about $5,000 - $10,000 through the cards each month total.  I have never paid a penny of interest and make well over $100 per month in cash back.  I have done many 0% promotions totaling probably $30-$40k, just paid off all 3 cards (again - no interest charges) and just received another 18 month 0% offer for $23,750 with a 2% fee.

 

I also have a Cap One car loan for $35k @ 2.49% for 72 months with no money down!

 

I burned Cap One in the past, but I have had about 12 accounts over the years that I did not burn them.

 

I know it sounds insane that I opened and closed about 5-7 cards within 2-3 years but few years later and all the inquiries have fallen off (except new Venture), I have made over $5,000 in opening acct bonuses and cash back, and have 3 great cards in both World MasterCard and Visa Signature.

 

I am going to PC my Venture WMC to Savor, then I should be all set.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 11 of 13
Anonymous
Not applicable

Re: Denied CLI with Cap1

That was an amazing, and very instructive, story. Thank you, 800! 

Questions: Were your scores stellar throughout (such that the common credit seeker would not be able to follow your footsteps)? Was each new card 3 fresh HPs?

Message 12 of 13
Shooting-For-800
Senior Contributor

Re: Denied CLI with Cap1


@Anonymous wrote:

That was an amazing, and very instructive, story. Thank you, 800! 

Questions: Were your scores stellar throughout (such that the common credit seeker would not be able to follow your footsteps)? Was each new card 3 fresh HPs?


My scores still are not stellar!  LOL.  

Yes, each was 3 pulls, but I got opening bonuses, etc.

This started 1 month after BK and has only been 4.5 years to date.

The one advantage I had was income.  Because I was charging and paying off so much (weekly payments), it was obvious that I was not going to have problems again.

GL - YMMV!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 13 of 13
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.