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Is Capital One Inquiry Sensitive? Update: Approved

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Established Member

Is Capital One Inquiry Sensitive? Update: Approved

I’m looking to apply for the new Savor Card to take advantage of the $500 bonus and reward my heavy dining spend.

I believe my profile should be strong enough as I have 760-770 Ficos and good income. My one concern is inquiries. Equifax and Experian only have 4 each, but Transunion has 7 (3 from a car loan from April in the same day).

Do you think inquiries would be an issue for capital one? I also opened up a Amex Platinum about 3 months ago as my most recent credit card app.

 

Mod note:  I've updated your subject to reflect your approval; feel free to change/edit if you would like.  --UB

20 REPLIES 20
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Valued Contributor

Re: Is Capital One Inquiry Sensitive?

No Capital One card is worth the triple-pull you'll get.

The real question is, Are YOU inquiry sensitive.
Message 2 of 21
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Established Contributor

Re: Is Capital One Inquiry Sensitive?

Good morning.  My scores were about 50 points lower than yours and I had twice as many inquiries when C1 approved my Venture.  If you haven't been approved for a C1 card in the last six months then this is about as good as it gets.

Message 3 of 21
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Community Leader
Mega Contributor

Re: Is Capital One Inquiry Sensitive?

Yes they are, just not to the point as someone like synchrony. I was recently denied a CLI for too many inquiries. Something like 7 on each bureau in the last 6 months. 2 of which were for an auto loan.







Message 4 of 21
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Established Contributor

Re: Is Capital One Inquiry Sensitive?

OP—Cap 1 does not seem as Inq sensitive as some others, but moreso than Synch, Comenity, etc. Based on your described stats, I think you’ll be okay. However if you can give much more detail on stats (total accts, ages of accts. Utilization how old are inquiries, etc), you can get better advice. As pointed out, Cap 1 will be a triple-pull, so if you’re not good with that, just be aware.












Message 5 of 21
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Established Member

Re: Is Capital One Inquiry Sensitive?

Thanks for the responses guys.

For starters I am not inquiry sensitive and I am okay with a triple pull. I view credit as something to be leveraged to aid one financially not as an arbitrary goal for a certain number. From that respect I have just recently purchased a truck at a low interest, won’t be buying a house for at least 2 more years, and just began a new job in the past year. Therefore I don’t foresee a need for absolutely perfect credit. On the other hand $500 for routine spend is real value for me.

As for my specifics on my profile... My income is roughly 100k. I have 20 total accounts roughly half of which are seperate student loans totaling 25k (working hard at this I’m only 26). Currently 7 charge or credit cards. And as mentioned previously 28k left on my truck loan.

I have 100% payment record, PIF every month, and 1% utilization currently. The inquiries are mostly 6 months or older outside of the 3 for my truck in April. Finally average age of account is 4 and 1/2 years with the oldest being 8 years old.

I appreciate the advice, I am happy to take the inquiries but don’t want it to be for nothing! Thanks
Message 6 of 21
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Established Contributor

Re: Is Capital One Inquiry Sensitive?

Sound like you’d be just fine. As always, lenders can be weird and YMMV, but nothing you’ve mentioned would seem to raise red flags.












Message 7 of 21
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Established Contributor

Re: Is Capital One Inquiry Sensitive?

And one more point about Cap 1...There is no Recon with them. They go only by automated decision and no CSR/Underwriter/Loan Officer to speak to about reconsideration. Decision is final as to that application. Just FYI.












Message 8 of 21
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Established Member

Re: Is Capital One Inquiry Sensitive?

Thanks for the info!
Message 9 of 21
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Valued Contributor

Re: Is Capital One Inquiry Sensitive?

$500 cash back on 3k spend is worth a triple pull anytime especially if you are fairly certain you will be approved. In addition the AF is waived on this card for the first year making it even more of a no brainer.  CO has become much more picky as of late unlike a few years ago when they were handing out 2-50 k ICL like candy.  


AX Hilton Aspire 20k, AX Bonvoy Brilliant 15k, AX BCP 2k, AX Blue Bus Cash 15k, AX Delta Air Platinum 49k, (AU) AX Delta Gold 15k, AX Amazon Prime Bus 25k, BC Uber 29k, AKUSA FCU -10k , CITI AAdvantage Exec World Elite MC 16.5k, Discover (2) 16k, Kohls-4k, VS Comenity $3k, BofA AK Air Siggy 9.8k, WF Propel AX 5k, JCP $10k PFCU Plat Rewards Siggy 39.5k, PFCU Power Cash Rewards AX 10.5k, NFCU Flagship 50k, CLOC 15k, CITI Costco 9.5k, GAP VISA Synchrony $9k,Target MC 9k, Ulta MC Comenity 9k, Pay Pal 1k, CO Venture One 23k, US Bank Radisson Rewards Signature 10k, US Bank Fred Meyers World MC, 11k, US Bank Plat VISA 15.7k, VS Comenity 2k, 240k total available credit. Utiliz-2%, Current FICO EQ-724, EX 763,TU 802 ,Chapt 7 BK D/C 11-2012. Starting scores 520-550
Message 10 of 21
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