Barclaycard Rewards MC vs CapOne Quicksilver

[JSS3]

I had like 6 months of history when I got my 1st Discover. You definitely don't need 700s. Mid to high 600s will do. It's often stated on here that Discover likes thin clean files. They pull EQ.

Whatever the outcome, Garden(no apping for 6 months) afterwards.

[Anonymous]

Guess it's worth a shot. We are talking about the "Discover it" card correct?

[JSS3]

Just re-read your original post...you're rebuilding? What baddies do you have?

[Anonymous]

I don't have any bad credit cards. My first one was the CapOne platinum I got last summer.

My baddies are 4 loans that defaulted last year, that I have now gotten paid off through consolidation. Now they have perfect pay history since. 

I also have a medical debt of around $6k to a hospital for a car accident that resulted in a CAT scan I think. And one old closed cell phone account from almost 10 years ago around $500.00

[JSS3]

"Baddies" are what you wrote about in the 2nd paragraph.

Hmm... I am unsure of your approval odds for the Discover IT, as it's stated that when one's file is thin, Discover likes it "clean"(no baddies).

However, the aforementioned reasons are why I would go for Discover over Walmart. Also, Walmart would more than likely stick you with the store card if approved. You would still get the Fico but the card is only good at Walmart vs if you qualified for a Walmart Mastercard that can be used anywhere. The latter would be better since you don't really shop at Walmart.

Lowes is backed by Synchrony(as is Walmart) and they denied you.

Lastly, Discover is almost exclusively an EQ puller. Since everyone loves to pull EX followed by TU, you have an EQ here or there to spare.

Again, whatever the outcome for going Walmart or Discover...garden! No more apps. Work on the negatives listed in theses denials. It would be nice to have 3 cards before doing so as that is recommended for max fico scoring.

Good luck.

[Anonymous]

Thanks for your advices.

Walmart approved me for the store card with a CL of $400.

Discover denied me. They did at least give me my EQ score though, it is 668. A bit better than the FAKO CapOne score. That does make me feel a bit better, as I am not too far off of half decent credit territory. I just need to work on those baddies and I might get there sooner than later.

I am now going to garden for sure. 2 approvals and 3 denials in two days is plenty for a while. I am going to try and use each card at least a little. The QS will be the main card, I am replacing my debit card with it. Going to PIF every month. The JCrew card I will use now and again, I like to shop there or JCrew Factory for some things. Walmart like I said I can keep active.

The CapOne Platinum will probably go unused as I will have the QS card. Will CapOne close it if I don't use it even if I am using another one of their cards?

I understand the optimal score strategy is to leave a couple dollars on one card when the statement hits, before paying it off. Should I rotate which card I do this with? Or does it not matter which card it is, as long as it occurs?

Thanks again for the help.

[JSS3]

Congrats on your two approvals! You have 4 cards so you did good.

Capital One won't close the card quickly, but be sure to buy a stick of gum on it every 3 months or so. It's fairly easy to upgrade Platinum cards to Quicksilvers via chat. This way you have two of them. No need to rotate the card. Just as long as others are 0 and 1 is <9% at statement cut. Also, this is just if you choose to micromanage...mainly for new apps(which you won't be doing). I still try to micomanage while in the Garden because I like my scores in one place(higher up).

[nhl1508]

Did you ever try to call CapOne to convert your card to Quicksilver? I would not waste another hardpull on all 3 credit bruau fo cap1. I tried to call them to convert different prouct to QuickSilver 3 times for myself, my gf and her sister, all are success. I would try to go through that route fist. There are many more desirabl credit cards for you to get than those two

[Anonymous]

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@nhl1508 wrote:

Did you ever try to call CapOne to convert your card to Quicksilver? I would not waste another hardpull on all 3 credit bruau fo cap1. I tried to call them to convert different prouct to QuickSilver 3 times for myself, my gf and her sister, all are success. I would try to go through that route fist. There are many more desirabl credit cards for you to get than those two

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No I did not try this first. I received and email from CapOne saying I was qualified for the QS card so I just applied for it. Oh well. I am hoping I can PC the platinum to a QS at some point, and ideally combine the two cards limits together keeping my older account. I don't know if CapOne does this however.

[JSS3]

Cap1 converts Plat to QS/QS1. At this time, they do not combine limits.