Capital One Secured Approved

Anonymous · ‎10-28-2018

Hi Everyone,

I received my CH7 BK discharge back in August. The same day I received my discharge, I was approved for a $750 CL Lendup Arrow Card. Last night, I was reading up on Capital One cards. I burned them in my BK for ~$35,000. My general understanding is that if you burn Cap1 in BK, you are blacklisted for 1 year. However, I read some posts to the contray which stated that several posters who burned Cap1 in BK were approved immediately after receiving their discharge.

So last night, I decided to pull the trigger on a Cap 1 Secured Mastercard. I was pleasantly surprised by the approval screen. I decided to put down ~$850 on the card so I can receive a $1000 CL.

My plan from here: 1) Garden and in 6 months apply for the Capital One QS card 2) Only step out of the garden if I receive an Ollo Prequal Offer, which I would pull the trigger on if it was an Ollo Rewards Mastercard.

I have been following the BK to 700 rebuilding guide, due to how many creditors I burned in BK it has been tricky to find a second lender to give me a line of credit. Now that I have the 2 cards reporting to the credit agencies, I will sit back and hopefully see my scores go up even quicker than they have in the past month!

spiritcraft1 · ‎10-28-2018

Nice! If you could, please share your FICO etc, here so it will help others in the future.

$30k, approved for 15k 10/11/21 @ 807 EX FICO 08 - 61 day 2x cli

$15k, approved after 2 weeks 5/21 @ 698 EX FICO 09 Bankcard

$19k, started as a $5k secured card in 2016 @ 408 FICO, unsecured 12/18 @ 600 FICO

$10k (10/23) @ 785 TU08 - Denied, Approved after Recon

$10k - approved (12/19) at $1k @ 648 FICO

Biz |

Business $9k - 04/06/21 @ 686 SP FICO, 61d 3x CLI to $9k

Business $28k - 07/6/21 @ Instant 689 SP FICO

Business $15k - 03/1/22 @ Instant 795 SP FICO

$15k Biz 2% card, approved after 5 days 7/21 @ 685 EX FICO 09 Bankcard, 93 Biz EX score

$25k Biz instant approval 10/21 @ 790 EQ FICO, 99 Biz EX score

$23k Biz instant approval, ID Verification 10/22 @ 802 EX FICO

$14k Biz instant approval 10/22 @ 802 TU FICO

Elan Hawaii National Bank Biz Visa- $8k instant 10/22 @ 806 TU FICO

US Bank Triple Points Visa - $20k in branch 11/3/22 @ 809 TU FICO, 1/12 new accounts, no USB history

Elan Business Visa from Midland Bank for new LLC, Instant $17k 11-22

PNC Business Visa for new LLC, $15k, took a week. EX 820 HP! 11-22

FNBO Evergreen Business MC for new LLC, $13.7k, instant EX HP 805 EX BC09 4-22

Chase Ink Premier $8.8k Flex, $44k Spend, instant EX HP 756 | 09-23

Barclays AA Business MC - Measly $2k SL but got the 80k Sub, 819 TU | 03-23

Current F08 -

Current 2,4,5 -

Current F09 -

No PG Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k, B&H Photo, $5k

19eighty5 · ‎10-28-2018

Congratulations on your approval!!

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Sept 2022):EX- 706, TU- 685, EQ- 684
What's in my wallet:

AMEX Delta SkyMiles Reserve | $2,800 | February 2019

AMEX Marriott Bonvoy Brilliant | $3,100 | August 2019

BOA BankAmericard AU | $4,500 | May 2004

Citi CostCo Anywhere Visa | $4,780 | March 2020

Citi Macy's Star Rewards | $11,100 | September 2021

Comenity Overstock | $7,100 | August 2018

Goldman Sachs Apple Card | $6,000 | March 2020

Synchrony CareCredit | $12,000 | October 2018

Synchrony Lowe's Advantage | $5,000 | March 2020

Audi e-tron - Audi Financial | $85K/72mo/3.24% | March 2022

FireMedic1 · ‎10-29-2018

Congrats. We all had to start somewhere. In time if you play the game right, You can recover. My siggy is for 1 reason bascially for people like us. It can be done with time and slowly growing to where you can rebuild sucessfully. First brick laid. Now build on the foundation.

BK Free Aug25

Anonymous · ‎10-29-2018

@Anonymous wrote:
Hi Everyone,

I received my CH7 BK discharge back in August. The same day I received my discharge, I was approved for a $750 CL Lendup Arrow Card. Last night, I was reading up on Capital One cards. I burned them in my BK for ~$35,000. My general understanding is that if you burn Cap1 in BK, you are blacklisted for 1 year. However, I read some posts to the contray which stated that several posters who burned Cap1 in BK were approved immediately after receiving their discharge.

So last night, I decided to pull the trigger on a Cap 1 Secured Mastercard. I was pleasantly surprised by the approval screen. I decided to put down ~$850 on the card so I can receive a $1000 CL.

My plan from here: 1) Garden and in 6 months apply for the Capital One QS card 2) Only step out of the garden if I receive an Ollo Prequal Offer, which I would pull the trigger on if it was an Ollo Rewards Mastercard.

I have been following the BK to 700 rebuilding guide, due to how many creditors I burned in BK it has been tricky to find a second lender to give me a line of credit. Now that I have the 2 cards reporting to the credit agencies, I will sit back and hopefully see my scores go up even quicker than they have in the past month!

Congrats! Sounds like you have a solid plan.