Cap 1 Applications Back to Back

[Anonymous]

So I just wanted to see if anyone else has had a similar situation when they apped back to back with Cap 1.

I did the prequal on the Cap 1 site and was prequalified for both the QS Visa Siggy and Venture card with 17.9 aprs.

I went ahead and apped for the Venture first and was approved for it. I was "hoping" by apping back to back for both cards that I may only get 1 set of triple pulls.

However when I hit the submit on the QS Visa Siggy (like 1 minute after my Venture app) I got the "unfortunatlely we couldnt approve u etc etc. u will receive something in 7-10 days"

Any clue as to why I would be declined when I was pre-qual for both at 17.9?   I just checked the pre-qual again and both cards still show up at 17.9 like the first time.

Just curious if anyone else had a similar experience when doing a double app.

[Creditaddict]

I have had issues that cap1's computer system thinks I have a pending app and automatically kicks out my applications for other cards despite that I don't have anything pending.

I had to go through exec office last time to get the application processed...

Unfortunately for you, as you said you were hoping for the 2 back to back and you won't be able to do that now

[OmarGB9]

Same experience. I was declined the QS because of "lack of experience with high limits." I got $10k on the Venture though. Prequals aren't guaranteed approvals.

Also, the prequal page won't update right away. It could take a couple of weeks.

[Anonymous]

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@Creditaddict wrote:

I have had issues that cap1's computer system thinks I have a pending app and automatically kicks out my applications for other cards despite that I don't have anything pending.

I had to go through exec office last time to get the application processed...

Unfortunately for you, as you said you were hoping for the 2 back to back and you won't be able to do that now

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Well I knew that it wasn't a certainty about avoiding the double hit to each credit report.   I think Equifax/Exp had 4-5 each and Trans had 6.    I wasn't gonna be apping for a little while anyways since I just added an NFCU card as well.    I have 3-4 different INQ's falling off middle of next year.

Should I call up a CSR and just ask about that application and see if there was an error since I did them back to back?   Or reach out to them on facebook or EO email?

[Anonymous]

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@OmarGB9 wrote:
Same experience. I was declined the QS because of "lack of experience with high limits." I got $10k on the Venture though. Prequals aren't guaranteed approvals.

Also, the prequal page won't update right away. It could take a couple of weeks.

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@OmarGB9 wrote:
Same experience. I was declined the QS because of "lack of experience with high limits." I got $10k on the Venture though. Prequals aren't guaranteed approvals.

Also, the prequal page won't update right away. It could take a couple of weeks.

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Ahh ok.  That could very well be the reason that I get.   I was hoping to get the QS too cause I have 2 cards that I wanted to combine into it in 6 months.

[Anonymous]

The underwriting criteria for Venture and QS are different, that's why you can be approved for one and not the other and why back to back apping works for some and not everyone.  You might have hit your max exposure to them with both cards but one or the other was ok.  It's not guaranteed you'll get both cards even if both show up.   

Who knows with Cap1.  I'd advise to use your Venture, work on getting your spend bonus, make a payment or two on it and in 30+ days see if there are any pre-quals for the QS if you want it bad enough. 

[Anonymous]

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@OmarGB9 wrote:
Same experience. I was declined the QS because of "lack of experience with high limits." I got $10k on the Venture though. Prequals aren't guaranteed approvals.

Also, the prequal page won't update right away. It could take a couple of weeks.

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Geez, Cap One is weird.

[Anonymous]

Well the main reason for wanting the QS was the better apr and also being able to combine my 2 current quicksilver cards into it in 6 months. I can combine the 2 I have now and make a $4,300 QS card but the APR will still suck and wouldn't be able to make it a Siggy or whatever the MasterCard version of a signature card is.

I'm fine with just the Venture but for better apr and a Siggy is the reason for hoping id get that one too.

[OmarGB9]

Well to be fair, I don't blame them. They gave my my first "high" limit (high to me, anyway) card. I definitely wasn't expecting that. I was expecting to get the minimum SL of $5k, if anything. Needless to say, I was ecstatic and immediately apped for the QS and ran into that denial. Lol. Prior to them giving me that Venture though, my highest limit to date was my WF card at $3.5k. Just beneath that was my then newly acquired Barclays Rewards card which had an SL of $2k (my highest SL to date at the time).

[Anonymous]

That sucks but congrats on the Venture approval at least. What is the SL in that one? I ahve a feeling that your 04 scores are higher than your 08 scores like mine. When I cold apped my first Venture they shot me down on the QS. What are your current Fico 08 scores? And do you know what your 04 scores are? I'm glad you went for the Venture first because if you had done the QS first and were shot down you wouldn't have been able to pick up the Venture.