The problem with Capital One's idea of product changing is a simple and broken one:
The sub-prime card that one has now been given the opportunity to ''upgrade'', now becomes the same sub-prime card in disquise. While, yes, the benefit to having a Quicksilver,1.5% cashback, soars far beyond the non-yeilding Platinum. Essentially, that card remains in the exact same bucket it was tossed in when you apped for it, thus, growth becomes a battle. My opinion of CapOne is that it is semi-predatory, in the sense that it does give many the opportunity at credit again, but, once one does improve their situation, new apps are basically required to get prime cards worth the time with Capital One. And as we all know, regardless of who you are and what product you'd like- that requires yet another triple pull.
@Cleaningitup2016 wrote:Are you scores current when you applied for the 3 chase cards you have?
Always thought any chase CC is like 680+ Fico.
Negative. I have been with Chase for ten years. But, my FICO score has been on a rollercoaster ride for the past few years and I'm finally recovering. Chase also takes into consideration your banking relationship, much like USBank. 680+ isn't completely necessary. I would say more like 650 being a more accurate ''magic'' number. But my scores were higher at the time of relative apps.
@Cleaningitup2016 wrote:I also noticed I have the credit steps on my cap1 card.
It says I need to make 5 monthly on-time payments.
If I PIF before the statement cuts, I take it that is not counted?
No, it counts. My statement generated today with zero balance and it means I got the Feb checkmark right away
