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Got a pre-qualified letter for one in the mail today. Think I can get accepted for it? My score is nearing 700's now on TU, EX and FICO
Very likely. Keep in mind they're really stingy with SL's.
They threw $500 at me and I closed it the same day.
The good news is this product only pulled EQ for me, not all 3.
I received the same mailer with slightly lower scores than you and was approved for $3,000
Not bad. Even though I don't plan on buying a new car for a while it'll be nice to have those points for when I do need a new one
I would pull the trigger with those scores!
If I put the pre-qualification code in and don't submit the application will it still do a credit pull? Will Capital One still count it has one of the 2 applications allowed within a 30 day timeframe?
Nope. No pull until you get to the end and hit submit. Since it is co-branded pretty sure it doesn't fall into that category as far as how many cards in a 30 day period but don't quote me.
Update if you app but I guess anywhere from $3-5K starting limit for you.
I wouldn't touch this card. You're locked into GM and forced to buy new. If you don't, the points are worthless. There are other places I'd rather go for the rewards.
I'll sit on it and think about it I guess. I'm more interested in the Playstation Reward and Sony card from Cap1