Aggravated with Capital One

[kdm31091]

The thing is, everyone tends to say a lender "sucks" because they don't give them what they want. That's not how it works. A lender is not a sucky or bad lender simply because they will not approve you for whatever you want, or give you however much CLI you want, or this that and the other. People are so entitled sometimes.

Do I say Citi sucks because in the fall they gave me a Double Cash at $1k and 22.9%? Nope. I simply closed it and will try again next year (maybe). They don't suck, they were just overly conservative with me with that particular card IMO, but, it's their game, it's their money, and I have no reason to say they "suck" just because I did not get what I wanted. I don't particularly care for Chase in some respects -- lack of APR reductions -- but I still never say they suck, merely that I don't care for how they handle growing with somebody.

I think instead of saying lenders suck because they didn't fulfil your every wish, appreciate the cards/rewards you DO have. It is difficult sometimes and we all forget to do it, but almost everyone here already has a very decent card lineup. Appreciate and garden it instead of trying to go for the next big limit or bonus every 3 days and you are virtually guaranteed better results. Tons and tons of recent inq's and accounts is not going to get you everything you want. Lenders are (rightfully) scared when they see it. This is why you can't always chase the next big thing, instead you need to just wait. Haste won't get you everything you want with a lender.  Patience will get you much more of  what you want. Credit isn't a game. Some treat it as a money making machine but truly, it's not -- every new account is dinging your inq's and AAOA, and doing it over and over and over is going to raise any lender's eyebrow. Just be careful and only apply when you truly have a need for a card's benefits IMO.

[Anonymous]

@BA88, I had just those thoughts in my head as well so thank you for letting it out.

Not quite as eloquent as I would have written it by the time I got to it.

[Anonymous]

I'm laughing too cause I feel the same way. If they had given me a credit limit increase and especially a large one they wouldn't  suck.

[Imperfectfuture]

---

@Anonymous wrote:

OP don't take this the wrong way, BUT YOUR SCORES SUCK!!   And they suck bad!!

Okay, you can dislike Cap One, and you can say that you should have been approved for whatever card because....

But, the fact remains that currently your scores say that you are a high risk...

Each lender looks at YOUR credit and makes a determination based upon what they see.  I have been a member of this forum just short of 2 months.  My starting scores are in my sig.  Chase turned me down for the Freedom card...BoA (who I have been banking with for 15 years) turned down my request to unsecure my card..Barclay no join... Now I have all.  It is your responsibility to make the changes.   I am amazed at how personal members take decisions by lenders?  I assure you, if you cleaned up baddies on your report and raised your score just 55 points, you might have seen a different result.  

---

This is definitely worth repeating.  I did the same.  After the usual 7 year fall offs, I worked on remaining collections, set to fall off between 2016 and 2019.  They are now all gone, and poof, instant over 700 scores.  I had a couple of cards at work while rebuilding (cleaning up reports), and that's all you need.

Capital one uses some funky 04 scoring model, so your internal scores to them are even lower.  This is a game played slowly.  But the end results are worth it.

[Anonymous]

---

@Anonymous wrote:

@Last year I got the their secured card($201) and the classic platinum($300) to start rebuilding. Fast foward to now and both cards are only up to $500 each with a perfect payment history. I decided to apply for a GM card, denied, too may cards. App'd for QS...denied, too many cards. Asked for increase on secured...denied. Asked for an increase on platinum...denied. Logged into my account and saw an auto increase in secured. Contacted customer service and was told that i can have more than two cards. I was able to PC to QS even though the website was showing no offers. App'd for Sony card...denied and I dont know why. The system that sends you the link to the denial letter doesn't work. Once i login the only letter that shows is one from a previous application. Stupidly, i even app'ed for a business card. Denied and of course, no info as to why because I cant access the letter. Since then I have been able to get a Chase Freedom for $3k and both personal Southwest cards @ $2k limit each. My scores have taken a dip since then because of the recent INQ's and 35% overall util, but i figured the relationship with them would mean something. Apparently it doesn't. Ill probably cancel these and take my business elsewhere.

---

I'm pretty sure you can't have more then two subprime cards with cp1. If you read the account disclosures it does say say you can't have more then two when you app. But when your credit is good enough for the prime cards that seems to not matter anymore.

[Anonymous]

Let me clear something up...

First, I never said they, suck. I said i was aggravated with them and simply stated why. Of course, it's their money, but at the same time, at least im able to speak with people in customer service who can give me answeres to my questions. At CapOne, it seems as if the head doesnt know what the tail is doing.

Second, yes, my scores aren't the best. Those are old and I havent updated my sig since its constanly chaging. This morn i woke up to a 20 point increase. Im not on here always so i haven't changed my sice i signed up. But to give me a card w/ a score 586 and not at minimum a CLI at 641 has me confuzzled.

And yes, I was able to get a Chase Freedom with a $3k limit. At the time my score was a 641. I also got the two Southwest cards with a score of 620. I also bank with Chase.

(Someone please tell me how to quote someone, I cant seem to figure it out.)

[asphaltcowboy]

---

@Anonymous wrote:

Let me clear something up...

First, I never said they, suck. I said i was aggravated with them and simply stated why. Of course, it's their money, but at the same time, at least im able to speak with people in customer service who can give me answeres to my questions. At CapOne, it seems as if the head doesnt know what the tail is doing.

Second, yes, my scores aren't the best. Those are old and I havent updated my sig since its constanly chaging. This morn i woke up to a 20 point increase. Im not on here always so i haven't changed my sice i signed up. But to give me a card w/ a score 586 and not at minimum a CLI at 641 has me confuzzled.

And yes, I was able to get a Chase Freedom with a $3k limit. At the time my score was a 641. I also got the two Southwest cards with a score of 620. I also bank with Chase.

(Someone please tell me how to quote someone, I cant seem to figure it out.)

---

Hit the reply button, you will see quote  button, qlick quote button, and your all set!!

[red259]

---

@Imperfectfuture wrote:

---

@Anonymous wrote:

OP don't take this the wrong way, BUT YOUR SCORES SUCK!!   And they suck bad!!

Okay, you can dislike Cap One, and you can say that you should have been approved for whatever card because....

But, the fact remains that currently your scores say that you are a high risk...

Each lender looks at YOUR credit and makes a determination based upon what they see.  I have been a member of this forum just short of 2 months.  My starting scores are in my sig.  Chase turned me down for the Freedom card...BoA (who I have been banking with for 15 years) turned down my request to unsecure my card..Barclay no join... Now I have all.  It is your responsibility to make the changes.   I am amazed at how personal members take decisions by lenders?  I assure you, if you cleaned up baddies on your report and raised your score just 55 points, you might have seen a different result.  

---

This is definitely worth repeating.  I did the same.  After the usual 7 year fall offs, I worked on remaining collections, set to fall off between 2016 and 2019.  They are now all gone, and poof, instant over 700 scores.  I had a couple of cards at work while rebuilding (cleaning up reports), and that's all you need.

Capital one uses some funky 04 scoring model, so your internal scores to them are even lower.  This is a game played slowly.  But the end results are worth it.

---

+1 OP you can be aggravated if you want, but its important to manage expectations. Cap 1 is a conservative lender so your results are not surpising. 

[dobirdsmommy]

---

@red259 wrote:

---

@Imperfectfuture wrote:

---

@Anonymous wrote:

OP don't take this the wrong way, BUT YOUR SCORES SUCK!!   And they suck bad!!

Okay, you can dislike Cap One, and you can say that you should have been approved for whatever card because....

But, the fact remains that currently your scores say that you are a high risk...

Each lender looks at YOUR credit and makes a determination based upon what they see.  I have been a member of this forum just short of 2 months.  My starting scores are in my sig.  Chase turned me down for the Freedom card...BoA (who I have been banking with for 15 years) turned down my request to unsecure my card..Barclay no join... Now I have all.  It is your responsibility to make the changes.   I am amazed at how personal members take decisions by lenders?  I assure you, if you cleaned up baddies on your report and raised your score just 55 points, you might have seen a different result.  

---

This is definitely worth repeating.  I did the same.  After the usual 7 year fall offs, I worked on remaining collections, set to fall off between 2016 and 2019.  They are now all gone, and poof, instant over 700 scores.  I had a couple of cards at work while rebuilding (cleaning up reports), and that's all you need.

Capital one uses some funky 04 scoring model, so your internal scores to them are even lower.  This is a game played slowly.  But the end results are worth it.

---

+1 OP you can be aggravated if you want, but its important to manage expectations. Cap 1 is a conservative lender so your results are not surpising. 

---

 They are conservative and sometimes judge their customers with outrageous measures; but if OP has a Freedom card with better rewards why not opt to support that card?

[SunriseEarth]

---

@kdm31091 wrote:

For some people they suck, but then again for some people Chase sucks, Citi sucks, whatever, it's all individual situations :-)

---

Do a search here, pick any lender, type their name and put the word "suck" after it.   You'll likely find results for any lender you can think of.

AMEX and Sync have been great to me, but some hate them.   Citi has been less than generous and Chase doesn't want to give me a card (but they had no problem giving me a 0% auto loan).   But there's lots of love here for Chase and even Citi.    Capital One has overall been good to me, despite my having two COs with them.   So we certainly all have our gripes and praises about lenders.