Guess I should have listened to the community. Venture Denial.

[Anonymous]

Well my little devil on my shoulder got the best of me.  

I decided to apply for the Venture card.   Scores were 688 eq, 674 tu, 694 ex.    Instant denial.  

Thought maybe I would try the Quicksilver so the pulls weren't wasted.  Thas was  a nogo as well.

Got my denial email today.  Main reason listed.  "Based on your application information, Capital One account limits are too high" I have about 8000 total exposure with them.

Weird reason but I think it was probably just the one  cited first, because dw got approved with about 40k income and mine is 75k but her scores are all around 700 or a little over.   She has about 7300 exposure with Cap One.

[Hokies2379]

This scares me because it is one of my main targets for 2016.  But it appears maybe they are tightening their reigns, that sucks.

[Dalmus]

Did you use the pre-qual tool first, or did you just apply cold?

[TrialByFire]

Sorry bout your denial; the exposure reason is a new one to me. Income does play a role in determining limits, but what's in your report plays an equal if not larger role.

You scratched the app itch and know to continue on with growing your current cards.

Are the scores you listed the ones cap one listed on your letter?

[gdale6]

Cap-1 appears to be more score relevant than other banks. What this is telling you is they are not comfortable giving you any more credit based on your current score and of course your score is derived from what is in your reports.

[elim]

hrmmm, I think your scores are fine for C1 . My EQ is definitely lower and I have 2 Ventures and am prequal'd for a 3rd.  Are your limits with C1 spanned over a bunch of cards? builder cards maybe?

Very strange.... You did prequal first, correct?

[yfan]

OP - if the main barrier to your application was exposure but you are otherwise qualified, then you should be able to call and PC (one of) your existing Caital One card(s) to the QS.

[CreditCuriosity]

Possibly your income?  8k with Cap1 isn't alot.  Strange indeed as your scores are fine with them.

edit: just saw your income your original post.. It isn't that as you make more than alot of people here that have 15-20k CL's..  Strange, maybe Cap1 i tightening up a bit?

[elim]

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@CreditCuriousity wrote:

Possibly your income?  8k with Cap1 isn't alot.  Strange indeed as your scores are fine with them. Usually their is a correlation between income and scores for the amount they are willing to expose. themselves to

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  That's what i was thinking at first but...  I usually work 6 months a year and last year i put 41k, just to be safe, on all my apps (including cap1). Right now i'm at 29k exposure and like i said "prequal for QS and V again" with worse scores and less income  (and major derog).  Something else must be up.

but... Just my EQ and EX are lower and they do pull all 3

EQ 680, TU 725, EX 675

and btw... yawn...  i'm off now for entire winter   :]

edit: don't they use EQ 04 for decision?  maybe that's it?

[teo77777]

FYI...Cap 1 uses older models like EQ Mortgage 05, and they are slooow to update scores. They still list my score from April, and it's up 45 points since then.