Capital One is becoming a joke…

[redpat]

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@anik28 wrote:

@redpat its not to just get a pre-approval for the heck of it. Why would I want to waste a hard pull to just be rejected? More often then not, if you're not getting a pre-approval - you're going to get a denial. It's a way of screening to not waste your inquiries.

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There are other ways to screen.  Look at approvals here and their credit profiles to see if they are similar to yours.  Doing your homework will decrease your chances of being declined.

Waiting and waiting for pre-approvals will make you miss out on a card you really want.

[anik28]

@redpat that is true, I usually do base my risk off posts here - but everyone has unique credit profiles. It's hard to compare apples to oranges; Credit history length, score, income, etc can all equal a unique profile. 

[pete19103]

Cap One pre-approval is not all that accurate;  I tried their pre-approval a couple years back and was not pre-approved for ANYTHING!  I had about 710 credit score so decided to apply anyway and got an immediate $10k QuickSilver approval.   Denied for any CLI since then as I dont have enough spend but happy with the 10K limit (and balance transfer offers)   However, the Cap One hard pull from all 3 credit bureaus isnt ideal.

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@anik28 wrote:

I have to laugh at Cap One. I've had a checking, savings and QS One Card for a number of years now with them. Since opening my QS 4 years ago my credit scores have gone from low 500's to now at 675-680.

I've asked for many CLI's and they always deny them. The CL has been stuck at 500$ (joke) while all my other credit card limits are in the thousands. I tried to do the pre approval to see what else they'd approve me for.... drum roll, a secured platinum card with a $200 deposit required. No thanks. My disdain with them is growing and thinking of moving my accounts over to another bank.

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in any case.

[CA4Closure]

When my daughter was in college, I gave her a Discover card for her to use for discretionary spending. She would always tell me what she was going to buy and was always truthful to me. So in her 4 years of college, she spent maybe $15,000/year and also created her own credit worthiness. Upon graduation, she got her own Discover card with a $15,000 CLI!