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So.
Most of my scores are perilously close to 800. No derogs. Adequate income. Aggregate utilization below 4% -- AZE2 (15-20% util on my BoA cards). But lots of INQs.
CapOne's prequal site says I'd love a Platinum or QS1. I'm more a Venture/Savor/QS kinda guy.
Any thoughts as to how long after my two Oct INQs (and new cards (Uber V, TD Cash)) I might have to wait before Cap One offers me a card I want (if ever)?
FWIW, much of my income (5K+/mo) is direct deposited to a CO chequing account.
Insight welcome.
EQ | 841 | 5 INQ (Auto, CC, HELOC, 2 mort) | 7y2m |
EX | 812 | 5 INQ (2 CC, 2 mort, HELoan) | 6y11m |
TU | 829 | 4 INQ (3 CC, 1 mort) | 6y6m |
5/24 | 3/12 | AoYA 0m | AoOA 23y6m | ~3% |
I added two accounts in April, then three accounts in August. I applied and was approved for a SavorOne ($95/fee makes regular Savor pointless to me) at the end of November.
It had been three reported statements since the most recent accounts. I was 5/12, 5/24 at that point. I had 1- 6 inquiries, depending on the bureau.
I wouldn't wait on their prequal site if you want one. It also showed me only a Platinum and secured card.
Capital One is very stingy with their higher end cards lately, and they seem to have some type of 5/24 rule going on, but no one really knows the specifics.
If the prequal is only showing their starter cards I would definitely wait until that changes before wasting an app. I've seen very few Savor/Venture/QS approvals around here in the past 6 months to a year. They definitely have really tightened up.
I would keep checking the prequal and aim for at least six months past those recent inquiries, but again, no one really knows what kind of rule Capital One has now.
@kdm31091 wrote:Capital One is very stingy with their higher end cards lately, and they seem to have some type of 5/24 rule going on, but no one really knows the specifics.
If the prequal is only showing their starter cards I would definitely wait until that changes before wasting an app. I've seen very few Savor/Venture/QS approvals around here in the past 6 months to a year. They definitely have really tightened up.
I would keep checking the prequal and aim for at least six months past those recent inquiries, but again, no one really knows what kind of rule Capital One has now.
+1 basically what he stated unless you are prequalified on their site for Venture/QS/Savor type of scenario and have opened around 5-6+ cards in the last two years I would certainly not blind app as they do have something in place such as 5/24, but no one knows for sure exactly what kinda rule it is.. They have turned very anti churning within the last yearish time frame give or take months