Capital One QS1 Approval

MartyWrite75 · ‎01-23-2018

Hello, everyone!

I am new to the forums, but I've been reading through the forums for the past few weeks, learning a LOT along the way.

I decided last summer that I needed to rebuild my credit. To start it off, I thought that getting a secured card from Capital One would be the best thing. I had it for over seven months and gotten an increase in CL. Then, I decided it was time to get another card. I applied for the QS1 today, and I was approved for $1K CL. I am elated but scared too. I didn't really like the high APR, but I guess it's what one has to deal with while rebuilding credit.

After reading various threads, I thought it is definitely best for me to place myself in the garden for at least eight months and watch for my credit scores to grow.

Currently, my scores are FICO8: 613 TU:538 EQ: 599

AAoA: 7 yrs.

Utiz: 18%

Baddies: 1

HP: 2

June 2025: Experian 772; Equifax 788; Transunion 781

Cards I Have:
Cap One QS: $600 (Sock drawer) || Cap One QS (#2): $7,500 (Sock drawer) || Discover It: $17,400 || Cap One Savor One: $600 (Sock drawer) || AMEX BCP: $10,000 || Amazon Prime Store Card: $10,000 || FNBO Rewards Visa: $2,600 || Discover Cash Back: $9,500 || Citi Custom Cash: $15,500 || Verizon VS Visa: $20,000 || Amex Hilton Honors: $12,000 || Amazon (Chase) Prime Rewards (VS): $9,500 || Citi Double Cash: $6,900

Wishlist Cards:
Paypal Mastercard || Bread Mastercard

Gardening to 6/2026(ideally)
Total Utilization: 11%
Inquiries: Exp: (2) Trans: (1) Equif: (1)

Anonymous · ‎01-23-2018

Congrats on your approval. The APR won't matter if you pay in full each month.

jlitnns · ‎01-23-2018

@MartyWrite75 wrote:
Hello, everyone!

I am new to the forums, but I've been reading through the forums for the past few weeks, learning a LOT along the way.

I decided last summer that I needed to rebuild my credit. To start it off, I thought that getting a secured card from Capital One would be the best thing. I had it for over seven months and gotten an increase in CL. Then, I decided it was time to get another card. I applied for the QS1 today, and I was approved for $1K CL. I am elated but scared too. I didn't really like the high APR, but I guess it's what one has to deal with while rebuilding credit.

After reading various threads, I thought it is definitely best for me to place myself in the garden for at least eight months and watch for my credit scores to grow.

Currently, my scores are FICO8: 613 TU:538 EQ: 599
AAoA: 7 yrs.
Utiz: 18%
Baddies: 1
HP: 2

Congrats and what was said above ^^^ PIF and don't worry about APR, any interest is too much.

JoeLuvsHisCredit · ‎01-23-2018

Congrats

Anonymous · ‎01-23-2018

Congrats on your approval.

Anonymous · ‎01-23-2018

Congrats. And yes, don’t worry about APR. If I learned anything from this forum it’s how to use credit to YOUR advantage. I’ll never pay a dime in CC interest again. Any UTI stats in my sig are BT’s at zero percent. Enjoy your rebuild. You’ve come to the right place.

Anonymous · ‎01-23-2018

Congratulations on your new QS1!

MartyWrite75 · ‎01-24-2018

Thanks, everyone! I will definitely keep what you all said in mind.

June 2025: Experian 772; Equifax 788; Transunion 781

Cards I Have:
Cap One QS: $600 (Sock drawer) || Cap One QS (#2): $7,500 (Sock drawer) || Discover It: $17,400 || Cap One Savor One: $600 (Sock drawer) || AMEX BCP: $10,000 || Amazon Prime Store Card: $10,000 || FNBO Rewards Visa: $2,600 || Discover Cash Back: $9,500 || Citi Custom Cash: $15,500 || Verizon VS Visa: $20,000 || Amex Hilton Honors: $12,000 || Amazon (Chase) Prime Rewards (VS): $9,500 || Citi Double Cash: $6,900

Wishlist Cards:
Paypal Mastercard || Bread Mastercard

Gardening to 6/2026(ideally)
Total Utilization: 11%
Inquiries: Exp: (2) Trans: (1) Equif: (1)