got quicksilver1 and don't want it. is there any way to have them cancel it before it reports?

[periferel]

today i had a good and bad day app-wise. i need a little advice - i apped for a cap1 quicksilver1 figuring they would give me a decent limit since my first card with them was 3 years ago when i began my rebuild.

anyway they put it through - DPs - income $58k, fico credit scores 670-680ish (used my experian free trial this week) on all 3 and vantage 715 on my apps. 

i got approved for a lousy $300 card with a $39 AF. i'm feeling so stupid for apping now, i called but after they transferred me to manager my call dropped. i got angry and impulse apped for the chase flex, since i already have a nice $7.9k sapphire with them and a long banking relationship - got approved for $8.1k!!! that cooled me down a little. all in all i'm happy with the new chase card, but is there anything i can do about the capital one card? i don't wan't it and would like that it never shows up on my credit reports. for one it brings down my average age, and secondly i just don't wan't a card with a $300 limit reporting....makes me feel like i just started building my credit. 

anything i can do? i just got approved an hour ago and it's already on my app. 

[AllZero]

Congratulations on your approvals!

[dragontears]

Sorry to tell you that even if you cancel right now it will still report. There is nothing that can be done at this point. 

[periferel]

thanks, i'm definitely happy about the chase card - but i really don't want the cap one card. is there any way i can get it to not be sent out and never appear on my credit file, even as closed? because if i open and close a card immediately i think it still messes with my average age of open accounts which was just about to hit 2 years. my first cap1 was 3 years ago and my disco and csp are around 1.5 years. 

[blindambition]

Congrats on your approvals!! You can close, but you've already taken a 3 HP hit. I'd keep the card for a year, if you decide to apply for a Prime card later. Closing before a year might cause issues on future apps. Then I would definitely close if other lenders are giving you 8k. Do you have lates or anything with Cap One?

[periferel]

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@dragontears wrote:

Sorry to tell you that even if you cancel right now it will still report. There is nothing that can be done at this point. 

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thanks for the reply. that's what i assumed, was a dumb move. i wouldn't have apped for chase if it didn't put me off though. it wasn't in my recommendations on the chase app and didn't show me a fixed apr so i apped out of anger at cap1, lol. 

all in all i'm happy now. gonna go look at those perks again, looks real nice something like $200 for $500 spend, i believe up to $200 for using amazon at 20% back, 5% categories...that is not bad at all for a no AF card. i don't see an intro 0% apr on my app but that's ok they just raised my credit total by 80%.

[periferel]

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@blindambition wrote:

Congrats on your approvals!! You can close, but you've already taken a 3 HP hit. I'd keep the card for a year, if you decide to apply for a Prime card later. Closing before a year might cause issues on future apps. Then I would definitely close if other lenders are giving you 8k. Do you have lates or anything with Cap One?

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@blindambition wrote:

Congrats on your approvals!! You can close, but you've already taken a 3 HP hit. I'd keep the card for a year, if you decide to apply for a Prime card later. Closing before a year might cause issues on future apps. Then I would definitely close if other lenders are giving you 8k. Do you have lates or anything with Cap One?

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thanks, that's solid advice. i've just seen people have quicksilver1s with high limits so i figured they would hook me up. same happened last year when i apped for disco, they started me out at $500, it's only $1.1k now. it just seemed so many people got good limits with them.

i have 2 derogs. according to my credit report one falls off in december one in january, both charge offs that i tried to get PFD but neither would. as far as my current cards, just chase reporting a balance and zero lates. i gotta hand it to chase they give me man cards when these other companies are offering kiddie toys.

[Anonymous]

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@periferel wrote:

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@blindambition wrote:

Congrats on your approvals!! You can close, but you've already taken a 3 HP hit. I'd keep the card for a year, if you decide to apply for a Prime card later. Closing before a year might cause issues on future apps. Then I would definitely close if other lenders are giving you 8k. Do you have lates or anything with Cap One?

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@blindambition wrote:

Congrats on your approvals!! You can close, but you've already taken a 3 HP hit. I'd keep the card for a year, if you decide to apply for a Prime card later. Closing before a year might cause issues on future apps. Then I would definitely close if other lenders are giving you 8k. Do you have lates or anything with Cap One?

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thanks, that's solid advice. i've just seen people have quicksilver1s with high limits so i figured they would hook me up. same happened last year when i apped for disco, they started me out at $500, it's only $1.1k now. it just seemed so many people got good limits with them.

i have 2 derogs. according to my credit report one falls off in december one in january, both cahrge offs that i tried to get PFD but neither would. as far as my current cards, just chase reporting a balance and zero lates. i gotta hand it to chase they give me man cards when these other companies are offering kiddie toys.

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You sure you weren't looking at regular QS and not QS1?

QS1 is the rebuild/starter version

QS is the regular/somewhat prime version

I'd just call to close now and see if you can get out of the 39 AF

[periferel]

you are right. qs1 is a rebuilder, i made a mistake. the card i currently have is actually the regular quicksilver. i've seen here that people get two of the same card and then just combine them later, slipped my mind that there was a qs AND a qs1... i think i might just hold it now though bc it might look weird if i have a card that was immediately closed. might look like the company did it and i don't want any issues with my new flex card. 

i haven't apped in a year and a half, this was a strange way to get back in the game. hopefully having a tiny rebuilding card on my report doesn't put off any future lenders. 

[OmarGB9]

Someone already brought it up, but I was about to say, are you sure you apped the right one. Cap One's "prime" cards are the Quicksilver (NOT QS1), the Venture and Savor I believe.