I agree that you should allow the accounts you have to Garden. I was approved for the secured at $49 after about a 1 year history on a fingerhut and express credit card. and then roughly 1 year later the QS1 and Platinum cards, which they upgraded to to a Venture 1 a year later.
All that to say..I know t's beyond hard being patient, but gardening what you have will only get you better offers later.
@FireMedic1 wrote:
@Anonymous wrote:I've applied for the Capital One secured card three times in the past year trying to get a lower deposit than $200. The last time was back in May, I believe it was. I did not pay the deposit because I have no need whatsoever for another secured card (I have the 99/500 from BoA and a fully secured card from Discover). However, for a lower deposit I was willing to open one with Capital One to start forming a relationship with them.
HOWEVER, I've been checking their pre-qualification thing for weeks because WalletHub told me I had a good chance of being approved for a non-secured card and it kept saying I had an existing application. Well, today it let me do the pre-qualification. I was hoping to see one for Platinum or QS, but it was just another secured pre-qualification. Bummer. But I thought, "Hey, my credit has improved considerably since my last app, so maybe they will ask for less than $200."
NOPE.
Even though my scores are now higher than my husbands were when they asked him for $99 for his deposit, they still want $200 from me. Grrrrr.
I really think I may just give up on Capital One permanently. Now I have YET ANOTHER hard pull on my credit report for absolutely nothing, AND I won't be able to apply for anything from Capital One until October now. I was so sure I would get at least a $99 offer this time since my scores are better than my husband's were when he got that offer. Why, Capital One? WHY?
You can only apply for Cap1 cards every 6 months, probably why 3rd time was denied. Dont go by any of these websites and the chances you have for any CC. CK says I have a good chance for an AMEX card. Yeah right. I'm a BK'er. Go straight to Cap1's Prequal page and see directly what they have to offer you. Not a pass thru link. JMO. GL.
Is this a new rule? I seem to recall applying for 2 in about 6 days.(and being approved!). I agree with the rest of your post though! Capital One has been an amazing tool in my rebuild, and I am extremely grateful for them! (I learned the hard way that Barclays was not the same way about approving a 2nd card, lol). It's funny the things we can laugh about now that hurt a bit at the time.
@Anonymous wrote:I guess I was more hoping for my first non-store unsecured line and was really disappointed to see they only offered me a secured card pre-approval. Then I figured maybe I could at least get my foot in the door with a secured card if they'd offer me less than a $200 deposit. No way I'm accepting nearly 25% interest and no rewards for a fully secured card, but I would have for partially-secured.
I do have a handful of baddies, but my husband has more than me and got the 99/200 offer. His and mine are all around the same time period (when our daughter was in the hospital for 2.5 months a couple of years ago) but he has a few more than I do. I think mine are slightly higher in overall value, though, because I have 3 four-figure medical collections from when we didn't have insurance and I don't even remotely have any hope of paying them anytime soon. I also have a tax lien that's been removed from EQ, but not TU or EX yet, and I believe they only pulled EX because that's the only alert I've had from all the various credit monitoring services I'm signed up for. At least I might have gotten lucky enough to escape a triple pull.
Income is around $36,000 per year for each of us. He's been employed at his current job for 6 months, and I've been self-employed for 20+ years.
If you haven't already, I think you should run to the garden.
Based on your signature it appears you have more than enough revolving credit to maximize FICO scoring for that section.
One of the best things you can do for yourself is stop comparing your credit profile to your husbands. This will cause you unnecessary aggravation and it's not worth it. You already have 2 very good secured credit cards in your arsenal that will graduate.
Good luck!
@Anonymous wrote:
@FireMedic1 wrote:
@Anonymous wrote:I've applied for the Capital One secured card three times in the past year trying to get a lower deposit than $200. The last time was back in May, I believe it was. I did not pay the deposit because I have no need whatsoever for another secured card (I have the 99/500 from BoA and a fully secured card from Discover). However, for a lower deposit I was willing to open one with Capital One to start forming a relationship with them.
HOWEVER, I've been checking their pre-qualification thing for weeks because WalletHub told me I had a good chance of being approved for a non-secured card and it kept saying I had an existing application. Well, today it let me do the pre-qualification. I was hoping to see one for Platinum or QS, but it was just another secured pre-qualification. Bummer. But I thought, "Hey, my credit has improved considerably since my last app, so maybe they will ask for less than $200."
NOPE.
Even though my scores are now higher than my husbands were when they asked him for $99 for his deposit, they still want $200 from me. Grrrrr.
I really think I may just give up on Capital One permanently. Now I have YET ANOTHER hard pull on my credit report for absolutely nothing, AND I won't be able to apply for anything from Capital One until October now. I was so sure I would get at least a $99 offer this time since my scores are better than my husband's were when he got that offer. Why, Capital One? WHY?
You can only apply for Cap1 cards every 6 months, probably why 3rd time was denied. Dont go by any of these websites and the chances you have for any CC. CK says I have a good chance for an AMEX card. Yeah right. I'm a BK'er. Go straight to Cap1's Prequal page and see directly what they have to offer you. Not a pass thru link. JMO. GL.
Is this a new rule? I seem to recall applying for 2 in about 6 days.(and being approved!). I agree with the rest of your post though! Capital One has been an amazing tool in my rebuild, and I am extremely grateful for them! (I learned the hard way that Barclays was not the same way about approving a 2nd card, lol). It's funny the things we can laugh about now that hurt a bit at the time.
Cap 1 closed this loophole several months ago.
@Anonymous wrote:Every loophole gets closed not long before I find out about it, LOL
But yes, I'm going into garden mode just until I can get my scores up to over 600 and bring my util down a little more and then I'm gong to try for NFCU one more time. Then I'll be in garden mode for at least a year more than likely.
Good idea. 11/15 I had the same scores as you rigfht after BK. It takes time and discipline and you will be rewarded. When I hit 650's. Yes! 700's came. Awesome! Look below now. 20 months later 730-740. One at a time and spread out. Let those cards age. PIF all cards except 1. I haven't paid 1 cent in interest. Hundreds sitting in rewards and sign up bonuses. Like they say. Its not a race. You'll get there. Trust me. These guys know what thery're saying. See ya in the garden......
Actually good post Captain J , moments before reading your post i saw headline and in my quirky way of thinking imagined it to read i heart cap one lol. I agree with you though, if one finds that a certain lender doesnt suit them or is not meshing well, just move on to the next, at least we have some options in this credit game