Yeah, scores definitely dont update the same time across all lenders and some lenders use different models. You did get a huge limit on your Plat though
Most only get $300. I say blame Cap One for spoiling you lol
Most only get $300. I say blame Cap One for spoiling you lol
Esp with thin files... but true of pretty much anyone.. Least I think these days if you get an approval.. you should stop...And if you get a denial.... you should ask yourself why first.. if you got approved for something else... i'd stop... and if you get TWO denials.... STOP... Do not pass GO, Do not collect 200$ (or sub)... Go directy to the Garden.... Discover was trying to hint to you that when they denied and recommended a Secured card... 630-640 is (again an opinion) roughly the difference between a secured and unsecured Discover ... Take a break for 6+ months, start trying prequalifys in a bit less.. perhaps 5.. and let your new Cap One marinate a bit.. Pretty sure once the new account hit wears off and if you let your new Cap One card marinate a bit, Miss Disco will be more than willing to approve a card... then repeat.. wait a bit, (6 months is good, perhaps more, or even less but keep a eye on where your scores are going/recovering) get a new card.... (the Sync 2% actually would be a good third card IMHO).. Im of the opinion spacing out cards esp in the current financial climate, is a good thing.... The thing with preapprovals is they arent guarenteed but if noones openining the door... either you opted-out.... or something is amiss... You will get there.... Credit is a marathon, not a sprint is a cliche around here but its true...
-J
I know how tempting it is to go out "Credit shopping" right after you see your scores get a big boost. I've fallen into that trap before, too. It feels like, "Wow, my score has never been this high before, and if I don't use it to my advantage right now, I may never get this chance again!" But remember, your scores are only part of the big picture.
When you apply for credit, your scores might be great, but if your profile looks like someone who is aggressively seeking credit (which, honestly, you are), it will spook the lenders. They see your new Cap1 card from only a week ago, they see all the new inquiries after it, and they begin to wonder why you might be so desperate to borrow money. Other things like overall income, debt-to-income ratio, monthly housing costs, how old your credit accounts are, etc, all factor in to their approval decisions. I don't know where you stand with regards to all those factors, but the fact is that lenders are not seeing you as a low-risk person to lend to, for some reason or reasons.
Tke the advice others have given here - cool your jets for a while. I know gardening isn't fun, but if you keep aggressively applying for stuff, you're going to either get terrible terms or, more likely, just declined outright every time. Let your new cap1 account and other credit factors mature for a few months, and then creditors will start being interested again.
If you have NO preapprovals/prequals on any of the credit card sites, then that's a good indication that your credit isn't really there yet. Keep checking the prequal sites, and eventually you'll start seeing offers. Then, and only then, would it be a good time to start looking into some new accounts.
Total Loan Balance: $43k / $65k
