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Cap1 Platinum and QS1 approval question

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RonM21
Valued Contributor

Re: Cap1 Platinum and QS approval question

Yes they can deny one. It showed what you were preapproved for, but does not guarantee any approval at all, let alone 2 at the same time. That said, I hope you get the second one.


Total CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 11 of 16
Jesedmotherof5
Established Contributor

Re: Cap1 Platinum and QS1 approval question

Same happened to me.. Deniel said they already were processing an approval.
6/9/08 FICO TU 697 EX698 EQ 618uti 6% (once new accounts hit) BIZ- DUNS 80, EX 35
GOAL 2008- 700s+ new car
2010 BE a first time buyer
Message 12 of 16
Anonymous
Not applicable

Re: Cap1 Platinum and QS1 approval question

If i am not mistaken, i think With cap 1, you can only apply for one card at a time. You have to wait 3-6 months before applying for another card.
Message 13 of 16
Anonymous
Not applicable

Re: Cap1 Platinum and QS1 approval question

The confusion has come about B/C it appears Cap-1 recently Changed the rules....

Up until recently...Yes, the 'double-up' was the thing the do, then possibly combo as they both aged 6 months at the same time.

It has been said, they now cap it at one card per 6 months (which sucks btw)

Also the earlier poster was right they are just saying these are your prequels not you get em both per se

The Plat will grow and you'll be fine, you can PC (product change, normally in 6 months, sometimes sooner w/ Plat)
For those in the future if given the option, you may want to choose the QS1 over the Plat....due to the 1.5% cash back on everything....I just like that, ad the Plat is cool but no rewards.

Either way Congrats, you'll get your Steps bump after your 7th statement so you're all good (btw B/C it's SP at the very least try to CLI just BEFORE the auto Steps CLI (it worked for me) B/C once you get it Cap-1 makes you wait 6 months, so try before the auto .

Good luck
Message 14 of 16
Vegas4Play
Valued Contributor

Re: Cap1 Platinum and QS1 approval question

I would wait personally, there has been talk to cap1 and card approvals back to back.....especially if you can and get anoher set of hard pulls for nothing

Fico 8's TU 756/ EQ 754/ EX 743- 8/2020// AAoA 5.7 years // Lines August 2020 = 619k Personal - Business 61k // Inquiries 6 TU - 0 Exp - 0 Eq.
Message 15 of 16
Anonymous
Not applicable

Re: Cap1 Platinum and QS1 approval question

Received a denial on the QS1 application -- letter says "based upon your application information, there is a currently pending or recently processed application with Capital One."

 

I was also advised that the app will not result in a hard pull.

Message 16 of 16
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