@GhostCredit wrote:hey guys, I have 17 credit cards. I have a credit score of over 780+, no baddies, no nothing bad. I was only pre-approve for the good cards, with no bonus. My thing is although I have excellent credit, how come I'm only in the good category as far as capital one goes? How do I go from good to excellent with capital one? Every other lender doesn't see it as that so I'm just confused. How long will it take for me to get to excellent. I already served 10 years in having good credit, I need to do another 10 to get excellent with cap1? Help me understand, cause being a veteran doesn't mean much.
My last two card I opened in 11/21 and 1/1/23.
there's likely something Cap1 doesn't like about your profile which is why they don't want to give you a SUB (bonus)
No amount of "making your credit better" is going to fix it.
could be too many cards, could be too high of a score, already having too much credit for income, could be any number of reasons. AI is smart, it's probably right (for Cap 1's purposes) more times than it's wrong.
You are free to apply for the excellent credit versions of the cards, and if they won't approve, they will provide a counter offer for the good credit version without the SUB, but I'm not sure how likely an approval with a SUB would be if you weren't preapproved for it already.
Savor One w/it's 10% off uber eats for awhile is a card worth having w/o SUB if that is important to you
@GZG wrote:
@GhostCredit wrote:hey guys, I have 17 credit cards. I have a credit score of over 780+, no baddies, no nothing bad. I was only pre-approve for the good cards, with no bonus. My thing is although I have excellent credit, how come I'm only in the good category as far as capital one goes? How do I go from good to excellent with capital one? Every other lender doesn't see it as that so I'm just confused. How long will it take for me to get to excellent. I already served 10 years in having good credit, I need to do another 10 to get excellent with cap1? Help me understand, cause being a veteran doesn't mean much.
My last two card I opened in 11/21 and 1/1/23.
there's likely something Cap1 doesn't like about your profile which is why they don't want to give you a SUB (bonus)
No amount of "making your credit better" is going to fix it.
could be too many cards, could be too high of a score, already having too much credit for income, could be any number of reasons. AI is smart, it's probably right (for Cap 1's purposes) more times than it's wrong.
You are free to apply for the excellent credit versions of the cards, and if they won't approve, they will provide a counter offer for the good credit version without the SUB, but I'm not sure how likely an approval with a SUB would be if you weren't preapproved for it already.
Savor One w/it's 10% off uber eats for awhile is a card worth having w/o SUB if that is important to you
Agreed with the above, I think you're just not ths type of customer Cap One is looking for. That's nothing bad, but it just means they don't see a profitable business relationship with you, hence why they won't pre-approve you for their "excellent" tier cards. BTW, their good/great/excellent ratings are arbitrary and who knows how they determine them.
The best way to deal with Cap1 is just apply for what you want, disregard the stupid "tiers" completely. They are just asking you to pick what bucket you want to be put in and why do their job for them? Also, aside from maybe a Savor and Venture X if you have a solid prfile they really have nothing you need.
8/22/24
3/09/25
Still trying to crack that egg with Capitol One. I had one late with them 7 years ago and still waiting on that late to come off my credit.
Capital One makes their own rules and as you can see, can be tough to figure out. I'd suggest ignore them and deal with lenders who do recognize your profile as excellent, e.g., offer SUB.
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