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Capital one approval after collections with them in 2016

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AspiringDink1991
Valued Member

Capital one approval after collections with them in 2016

Today i was pretty shocked, I got approved for a CapOne Platinum card at $3k SL even though my account with them was a charge off in 2016.

after being declined for a Best Buy with Citi Bank

starting to feel like maybe I'm doing something right 🤷‍♂️
now to garden for another year and maybe I'll finally be able to get some better cards with more rewards and whatnot.



1-19 scores
1-20 scores
11-20 scores
1-21 scores

11-18 MyJewelersClub $5k CL
1-19 Discover $1k
1-19 Commenity $300 unsecured, CLI to $620 1-20
8-19 NFCU $500 secured graduated to non secured with limit of $4,500
8-19 NFCU SSL $3k paid down to $233
2-20 NFCU Cash Rewards $15k
5-20 Honda $46k @2.9%
1-21 PayPal Credit SL $3.5k
1-21 CapOne Platinum SL$ 3k
Cant believe it's been 2 years now, these recoveries are so slow its torturous!
Message 1 of 22
21 REPLIES 21
AllZero
Mega Contributor

Re: Capital one approval after collections with them in 2016

Congratulations on your approval!
Message 2 of 22
OmarGB9
Community Leader
Super Contributor

Re: Capital one approval after collections with them in 2016

Congrats!


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 3 of 22
Rebuild2019
Valued Contributor

Re: Capital one approval after collections with them in 2016

Congrats on your approval.

CARDS: Discover It | Kohl’s | Truist Spectrum Cash Rewards | Truist Bright | CITI Custom Cash | Chase Freedom Flex | Chase Amazon Prime Visa | VACU Cash Rewards Mastercard | Sam’s Club Mastercard | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | NFCU Auto Loan
Starting Scores 05/2019: EQ:519, EX:525, TU:574

CLOSED : Capital One Quicksilver One | OpenSky |
Message 4 of 22
cashorcharge
Community Leader
Super Contributor

Re: Capital one approval after collections with them in 2016

That's terrific!!! Congratulations on your approval!!

Message 5 of 22
gdale6
Moderator Emeritus

Re: Capital one approval after collections with them in 2016

Grats on getting back in with Cap-1 and a nice SL to boot Smiley Happy

Message 6 of 22
Anonymous
Not applicable

Re: Capital one approval after collections with them in 2016

Congrats!

Message 7 of 22
DebtStinks
Established Contributor

Re: Capital one approval after collections with them in 2016

Congrats! A 3k starting line is their max starting line on a "rebuilder card." It can grow in time. Just follow the process and know Cap1 LOVES to see large spend and large payments for several months consecutively before granting an increase. Good news is the CLI requests can be done daily with Cap1 and are soft pulls.

 

Best of luck!

NFCU More Rewards AMEX $25000 (Opened 1/19) - NFCU Platinum $21000 (Opened 1/21) - TTCU Platinum Visa $10000 (Opened 10/18) - Discover $5500 (Opened 11/21) - Barclays View MC $5000 (Opened 1/19) - Capital One Platinum $3500 (Opened 2/19) - Capital One World Elite MC $1000 (Opened 3/21) - Target Store Card $2000 (Opened 10/18) - Floor & Decor Store Card $42500 (Opened 10/18)
Closed - PenFed $35,000 - Cap1 World Elite MC $11,200
Total CL - $115500

CH7 BK Filed 8/1/17 Discharged 11/7/17

Scores as of 2/18/21:




Inquiries Last 12 Months:
Message 8 of 22
Anonymous
Not applicable

Re: Capital one approval after collections with them in 2016

Congratulations on your approval!

Message 9 of 22
AspiringDink1991
Valued Member

Re: Capital one approval after collections with them in 2016

So my current daily spender is my NFCU Signature Rewards, big spend and big payments.

should I transition to Cap One for daily spend for the time being to improve my chances on CLI?

the SL with NFCU was $15k! That was my first ever unsecured since my accident in 2016.



1-19 scores
1-20 scores
11-20 scores
1-21 scores

11-18 MyJewelersClub $5k CL
1-19 Discover $1k
1-19 Commenity $300 unsecured, CLI to $620 1-20
8-19 NFCU $500 secured graduated to non secured with limit of $4,500
8-19 NFCU SSL $3k paid down to $233
2-20 NFCU Cash Rewards $15k
5-20 Honda $46k @2.9%
1-21 PayPal Credit SL $3.5k
1-21 CapOne Platinum SL$ 3k
Cant believe it's been 2 years now, these recoveries are so slow its torturous!
Message 10 of 22
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