Should I get Cap1 Visa Sig or just chill?

[Habibimo]

Hello Everyone. 9 Days in Garden seems like a few months lol.

I need an advice. Should I stay in Garden or Try my Luck with this.

Since 2 months I've been carrying high balance on some CC's which will be paid off in another 2 months.

I called to ask if they had WMC version of QuickSilver MC since they have Signature version of Visa. Rep told me there isn't, they only have MC and MC platinum which I already have. So...

How good Cap1 Pre Qual offers are on their website? I got this today:

Score Range: 690-715

Avg Age: 3.11 - Oldest: 6.1

INQ: [Last 12 months]

TU: 1 [don't know why its low everybody seems to like pulling other 2]

EQ: 6 [1 from Chase requested to be removed. I Didn't authorize]

EX: 5 [2 from Chase requested to be removed. I Didn't authorize]

3 Inq's from mortgage shopping. 3 months apart.

I have these:

Chase Freedom Visa Signature:

[2008] $5000 - Bal: $3200

BestBuy Master:

[2008] $2800 - Bal: $0

CapOne QS Master Platinum:

[2009] $3250 - Bal: $350

Amex BCE:

[2014] $6000 - Bal: $1000

Discover IT:

[2014] $4300 - Bal: $3000

CSP:

[2015] $6900 - Bal: $0

Slate:[Closed]

[2015] CL transfered to Freedom and CSP

Amex ED:

[2015] Denied

Any thoughts?

[Anonymous]

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@Habibimo wrote:

Hello Everyone. 9 Days in Garden seems like a few months lol.

I need an advice. Should I stay in Garden or Try my Luck with this.

Since 2 months I've been carrying high balance on some CC's which will be paid off in another 2 months.

I called to ask if they had WMC version of QuickSilver MC since they have Signature version of Visa. Rep told me there isn't, they only have MC and MC platinum which I already have. So...

How good Cap1 Pre Qual offers are on their website? I got this today:

Score Range: 690-715

Avg Age: 3.11 - Oldest: 6.1

INQ: [Last 12 months]

TU: 1 [don't know why its low everybody seems to like pulling other 2]

EQ: 6 [1 from Chase requested to be removed. I Didn't authorize]

EX: 5 [2 from Chase requested to be removed. I Didn't authorize]

3 Inq's from mortgage shopping. 3 months apart.

I have these:

Chase Freedom Visa Signature:

[2008] $5000 - Bal: $3200

BestBuy Master:

[2008] $2800 - Bal: $0

CapOne QS Master Platinum:

[2009] $3250 - Bal: $350

Amex BCE:

[2014] $6000 - Bal: $1000

Discover IT:

[2014] $4300 - Bal: $3000

CSP:

[2015] $6900 - Bal: $0

Slate:[Closed]

[2015] CL transfered to Freedom and CSP

Amex ED:

[2015] Denied

Any thoughts?

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I wouldn't bother. You already have better cards.

[elim]

i wouldn't app with the balances reporting.  garden your good stuff awhile.

[CreditCuriosity]

Get down your balances personally and you have better cards already and why waste a triple pull?  With you scores, once you get down your balances your scores will go up even more opening up even more options.

[Habibimo]

Thank you @Nixon, @elim, and @CreditCuriosity.

Tha's right! I do have some cards that I really wanted, and I should just Garden and focus on paying those balances off a little early which of course as you said, will bring my scores up!

Thanks again!

[kdm31091]

I would certainly chill/garden for awhile. You have plenty of decent cards, so I see no reason to rush into this. Although I feel the hype about Capital One's triple pull can be overstated, they do indeed triple pull so you want to garden awhile before applying for something with them.

Another vote for waiting :-) QS isn't going anywhere.

[Legen_dary]

I would wait. It's not like there's a limited offer on the QS or anything.

[Anonymous]

Capital One Pre-Approvals are very accurate in my experience.  They seem to give you "something" rather than a denial.

So I would say YES, you will get approved.

But should you?  No, I don't think so.  Just because you do not need it and it would add another 3 inquries... if you don't do it right.  You still have over 10K of available credit so you're not in a bind for credit which is good.  You are carrying some high balances so certainly focus on paying that down.

Some suggestions:

This is the first time I've heard of balance transfer from Slate to something else.  Slate is the BT card with lower APR than Freedom and Sapphire.  I probably would have kept the balances on Slate unless there was some specific reason not to.

I see you are low on TU inquiries.  I would ditch the Cap1 and go for the Barclays RING card since you like to carry balances and have only 1 TU inquiry.  Ring APR is 8%

If you do decide to go for Barclay Ring or Sallie Mae, at least until 6 months after your latest card.  Amex is also great to get into but you need to garden.

Bottom line, don't dick around with Cap1 when you can get AMEX and Barclays.

[Anonymous]

That screen doesn't necessarily mean you would get the Visa Signature. I got the same screen, applied, and was approved. But it was the Visa Platinum.

[ddemari]

Same with me, i prequalified but was approved for a platinum. Once i received the card, i called them before activating it and they gave me a 6k limit visa sig. U cant activate the card though and do this. I prequalified for venture and got a 8k visa sig same day. U never know