Capital One

[keith021]

How long does Capital One usually take to process and approve credit card applications? My sister and I both applied tonight and her application was approved INSTANTLY. I received the 7-10 days notice --I called in, but was told to call back within 24-48 hours because it is still being processed.

[JayRizzo]

Many Cap1 applicants get that 7-10 day message.  This is primarily due to additional information that needs to be verified.  You did the right thing by calling, but it may have been just a wee bit too soon.  Give it 24 hours, then give them another call.  They'll either have you verify your identity verbally  through a series of questions or have you fax your ID or other information to confirm.  When all checks out, you should have your card in about 10 days.

[keith021]

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@JayRizzo wrote:

Many Cap1 applicants get that 7-10 day message.  This is primarily due to additional information that needs to be verified.  You did the right thing by calling, but it may have been just a wee bit too soon.  Give it 24 hours, then give them another call.  They'll either have you verify your identity verbally  through a series of questions or have you fax your ID or other information to confirm.  When all checks out, you should have your card in about 10 days.

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I hope that is the case. I applied last year and was given a denial almost immediately. I'm going to keep my fingers crossed....
 

[keith021]

**UPDATE** My application was approved this morning!  I wasn't giving a credit limit just yet. I was told to call back in a day or two for that information to be updated. Is there anyway to find out what my credit limit is?

[DI]

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@keith021 wrote:

**UPDATE** My application was approved this morning!  I wasn't giving a credit limit just yet. I was told to call back in a day or two for that information to be updated. Is there anyway to find out what my credit limit is?

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Congrats!  I can tell you you CL now.  Between  $300-$500.    Which card you applied for? 

[keith021]

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@DI wrote:

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@keith021 wrote:

**UPDATE** My application was approved this morning!  I wasn't giving a credit limit just yet. I was told to call back in a day or two for that information to be updated. Is there anyway to find out what my credit limit is?

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Congrats!  I can tell you you CL now.  Between  $300-$500.    Which card you applied for? 

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Thanks! You're probably right because before my sister applied, we checked her FICO scores are they were all between 700-726 and she was approved with a limit of:  $500. I believe I applied for either the Classic or Standard Platinum card.

[DI]

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@keith021 wrote:

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@DI wrote:

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@keith021 wrote:

**UPDATE** My application was approved this morning!  I wasn't giving a credit limit just yet. I was told to call back in a day or two for that information to be updated. Is there anyway to find out what my credit limit is?

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Congrats!  I can tell you you CL now.  Between  $300-$500.    Which card you applied for? 

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Thanks! You're probably write because before my sister applied, we checked her FICO scores are they were all between 700-726 and she was approved with a limit of:  $500. I believe I applied for either the Classic or Standard Platinum card.

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Nothing has change about Cap 1. They're still dealing out $300- $500 CL..  I almost believed they base the initial limits on applicants age and if they're a student. 

[Anonymous]

IMHO, if you have Good to Excellent Scores (as per Cap One standards) you should apply for their higher end card(s).  I think someone should make a sticky informing everyone that Cap One DOES give out limits higher than 300-750.  Based on your reports and the card that you apply for, they give out high limits as well.  But their platinum card is not "platinum" at all. 

Just my .02

[keith021]

 ***Update***

DI was right; Capital One limits are usually between $300-$500. My application was approved with a limit of: $500. My sister and I both have FICO scores in the low to mid 700's with low utilization.

[tsquad131]

its very rare to get approved for anything higher nowadays unless its a venture card and they are stingy with Credit limit increases