@Anonymous wrote: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.
First of all, congratulations on the awesome Venture approval!
It's a very cool card (I actually wish I had app'd for it instead of my QS Visa Sig) and they gave you a really nice starting credit line
(I want to 'stress' starting, since in 2-3 months you can likely get a CLI). Remember to charge $3k the first three months to earn your bonus! (This will also help you to get that first CLI as well).
Now, as for your QS denial, like others here I'm a bit surprised, but it's not unheard of. I've read several times of a second appliction getting a 7-10 day message, meaning it was going to manual review (any possibility that could be the case with yours?) but occasionally it does happen where the second app is denied, just as OmarGB9 mentioned happened to him.
You asked about options on the denial, and there certainly are some. Creditaddict told of his experience with pushing an application through by using the EO, which is certainly an option, but of course that would create a second set of HPs, which was the entire point of doing both in the same day to begin with. If it were me, I would just hold off a little while and "let the dust settle", so to speak. A denial is always a disappointment, but in your case you've got an truly awesome approval to balance that out, and with a $10k starting line, you should be OK for at least a few months credit-line wise (unless you have crazy business expenses, or your last name is Rockefeller, LOL).
After you meet your Venture spend in three months, if you're still interested check the pre-qual site again, since by then it will have had plenty of time to refresh your data, and see what your offers are. If it's a low APR you're gunning for, give it a little more time, and with solid usage on the Venture (and good FICO scores) most likely you'll get an offer for a sweet APR pretty soon as well.
I'm also looking for a card with a better APR, so when my time comes, here's my own plan... since my pre-qual offers have always included a no-AF 'Platinum MasterCard' (usually towards the bottom) with a 1%-2% lower APR than my other offers, I plan to app for it instead of another rewards card. While getting my old Orchard (now QS1) card PC'd to a 'regular' no-AF QS seems to be elusive, getting Capital One to PC a 'plain' Platinum card to a QS is generally no big deal. Knowing this (and if the stars are aligned) I'll end up with a QS card with a really nice APR, since Capital One's aversion to changing APRs seems to apply to raising them as well, fortunately.
Again, congratulations on your new Venture! I look forward to hearing news of your QS approval in the coming months! 
@UncleB wrote:
@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
Creditaddict, I've been thinking about this (since next summer I might be in the same boat myself) and I have a thought...
Do you think it would have made any difference if the applications had some more time between them? I'm wondering if this would give the first approval time to work it's way through the system to the point where when the second app is submitted, the system won't erroneously think the first is still 'pending'.
I know all we can do is speculate, but I'm just curious as to what your thoughts might be. Most people feel the need to do the two apps 'quickly' one after another, but I'm wondering if this could be part of the problem, at least in some cases.
As stated, this is pure speculation, but I think that may be the case. When I applied for mine, I did have about a 10min lag time (possibly slightly more) between apps. Since many posters have done them back-to-back, I think that's a pretty decent conclusion. Considering that Cap1 prequals are pretty solid, I wonder if others waited a few minutes before applying for the second card if that would make the difference.
As to the OP. Congratulations on your approval. If I were you, I would at least recon the QS denial and see if you can't get it reversed. It can't hurt, and shouldn't result in another HP(s). I just think it's odd that you qualified for their top tier card with a very nice limit, but not the QS. It could be a simple matter as the computer issue discussed above. I'd contact the EO. If you do, good luck and keep us posted!
@Anonymous wrote:Thanks for the comments everyone!
Yea I did the app's back to back and I probably hit submit on the 2nd app 2-3 minutes after the Venture approval. I'm not sure if that was too quick or not but I did receive an email last night regarding the denial. It was some "access your letter" thing which I looked up on the forums to make sure it was legit even though it came from Cap 1.
The reasons listed to me were a little confusing but I suppose you can be rejected for any reasons...
according to experian- lack of mortgage information (um I don't own a house right now as I currently rent), lack of home equity account information (??) , balance owed on delinquent past obligation too high ( well this one i can understand) The only negative I have on my account and it will fall off in May next year which was $800.
I can understand a rejection regarding the very old negative on my account but my credit has grown so much in the past year. Literally have about 7 major cards and only 1 currently has a balance of $68. 2 store cards with no balances on either. I'm glad to get the Venture card and honestly fine with the results. Nice to be so close to 700's so the journey continues!
I have considered just sending the EO a message and explain my situation to them regarding the QS Siggy. I basically have 2 older cap1 cards with $0 balances that I wanna combine into the QS Visa Siggy in 6 months (if i could get it) Otherwise I'm not gonna use the old Cap 1 cards and will just sock drawer them until I do get a QS Siggy and then combine them in the future.
One last thing, so far I have only gotten 1 set of triple pulls on the apps so I'm hoping it stays that way. Only have 4 on EQ and 5 on EXP but now have 7 on TU. Several will fall off around the middle of next year so I wasn't too worried about the inq's. Just don't want the double pulls considering I only got 1 card!
I feel you've got the right idea with waiting a little bit on the next app; other than just the approval and credit line, there's the APR to think of as well... by the time things on your file 'settle down' a bit, it's very possible the set of offers presented to you by Capital One will be with lower interest rates! It has happened like that... 
As for your question about going to the EO, you can certainly do so, and there are a handful of folks who have had success. You can search over the threads for details, but if I recall correctly the cases when the EO overrides a denial is generally due to there being a problem with the application (i.e. somebody erroneously reports having no bank account or keys in the wrong income) rather than factually correct information on the credit file. You can certainly try, though, and I sincerely wish you luck.
As for the HPs, while nobody ever can say for certain (the standard disclaimer) most likely you'll be fine. The parties in question are famously tight-lipped, but since CSRs from all companies seem to universally insist that they actually do a HP for each and every application it's generally thought that the merging/combining of the HPs from the same day into one is a function of the credit bureaus... meaning that even though you weren't approved, it shouldn't matter - the pulls should still be combined. It's said that the credit bureaus do this to prevent 'accidental' multiple pulls the same day from the same source, basically they're performing 'CYA' and saving themselves the hassle of inquiry disputes by doing so, and while it's certainly not for our 'benefit' it can be quite helpful when folks are aware.
One thing to keep in mind with the whole multi-HP thing is that the details need to be identical for them to only appear as one. This doesn't apply to your situation, but for others (Amex and Synchrony come to mind) if the inquiries are even slightly different, each will show separately, even on the same day. I've noted on my own reports that when Amex does a manual pull, it generally shows up as "American Express 2" instead of the usual "American Express", and with Synchrony all of their products have distinct inquiries, for example "Synchrony/Lowes" or "Synchrony/Belk" for Lowe's and Belk, which would of course show up separately as well.
Back to your Capital One situation... once your file settles a bit, if you're still interested give that pre-qual a shot and most likely you'll be pleased!
The exact same thing happened to me.
Pushed the Venture button first then the QS 3 seconds later.
Got out the Venture and a letter on the QS.
Both were pre qualified
@UncleB wrote:
@Anonymous wrote:Thanks for the comments everyone!
Yea I did the app's back to back and I probably hit submit on the 2nd app 2-3 minutes after the Venture approval. I'm not sure if that was too quick or not but I did receive an email last night regarding the denial. It was some "access your letter" thing which I looked up on the forums to make sure it was legit even though it came from Cap 1.
The reasons listed to me were a little confusing but I suppose you can be rejected for any reasons...
according to experian- lack of mortgage information (um I don't own a house right now as I currently rent), lack of home equity account information (??) , balance owed on delinquent past obligation too high ( well this one i can understand) The only negative I have on my account and it will fall off in May next year which was $800.
I can understand a rejection regarding the very old negative on my account but my credit has grown so much in the past year. Literally have about 7 major cards and only 1 currently has a balance of $68. 2 store cards with no balances on either. I'm glad to get the Venture card and honestly fine with the results. Nice to be so close to 700's so the journey continues!
I have considered just sending the EO a message and explain my situation to them regarding the QS Siggy. I basically have 2 older cap1 cards with $0 balances that I wanna combine into the QS Visa Siggy in 6 months (if i could get it) Otherwise I'm not gonna use the old Cap 1 cards and will just sock drawer them until I do get a QS Siggy and then combine them in the future.
One last thing, so far I have only gotten 1 set of triple pulls on the apps so I'm hoping it stays that way. Only have 4 on EQ and 5 on EXP but now have 7 on TU. Several will fall off around the middle of next year so I wasn't too worried about the inq's. Just don't want the double pulls considering I only got 1 card!
I feel you've got the right idea with waiting a little bit on the next app; other than just the approval and credit line, there's the APR to think of as well... by the time things on your file 'settle down' a bit, it's very possible the set of offers presented to you by Capital One will be with lower interest rates! It has happened like that...
As for your question about going to the EO, you can certainly do so, and there are a handful of folks who have had success. You can search over the threads for details, but if I recall correctly the cases when the EO overrides a denial is generally due to there being a problem with the application (i.e. somebody erroneously reports having no bank account or keys in the wrong income) rather than factually correct information on the credit file. You can certainly try, though, and I sincerely wish you luck.
As for the HPs, while nobody ever can say for certain (the standard disclaimer) most likely you'll be fine. The parties in question are famously tight-lipped, but since CSRs from all companies seem to universally insist that they actually do a HP for each and every application it's generally thought that the merging/combining of the HPs from the same day into one is a function of the credit bureaus... meaning that even though you weren't approved, it shouldn't matter - the pulls should still be combined. It's said that the credit bureaus do this to prevent 'accidental' multiple pulls the same day from the same source, basically they're performing 'CYA' and saving themselves the hassle of inquiry disputes by doing so, and while it's certainly not for our 'benefit' it can be quite helpful when folks are aware.
One thing to keep in mind with the whole multi-HP thing is that the details need to be identical for them to only appear as one. This doesn't apply to your situation, but for others (Amex and Synchrony come to mind) if the inquiries are even slightly different, each will show separately, even on the same day. I've noted on my own reports that when Amex does a manual pull, it generally shows up as "American Express 2" instead of the usual "American Express", and with Synchrony all of their products have distinct inquiries, for example "Synchrony/Lowes" or "Synchrony/Belk" for Lowe's and Belk, which would of course show up separately as well.
Back to your Capital One situation... once your file settles a bit, if you're still interested give that pre-qual a shot and most likely you'll be pleased!
Great info as always UncleB! Yea I'm gonna think it over about sending an email to the EO regarding the Visa Siggy. Would def love to add it and combine these others to it later but I can always wait until early next year if need be. There are still several cards I want but wanna focus on getting my scores into the 700's first since I'm getting close.
Thanks again for the info!