How inquiry sensitive is Cap1?

[Anonymous]

I've heard Cap1 has been being more restrictive with regards to giving out any sort of credit (new or increase to established accounts). I have 4 new accounts in the past 2 years (newest is Feb, and each about 3 months before the last). The inquiries are spread out so there is 1 at each bureau and 2 at I believe Equifax. I have scores in the 760+ range. I plan on trying for the Premier Dining Rewards in late June, early July (if Discover/Freedom don't have restuarants, and if one does in late Sept, early Oct). Anyone know if Cap1 is going to deny based on too many inquiries?

[Aduke1122]

I don't think a couple of inquiries will be reason for a denial . Yes they are seeming to be getting tight where new and established credit comes in esp with the "too many inquiries " I have gotten that excuse for a denial in CLI recently among lots more of us here . But I don't think you have anything to worry about

[Anonymous]

A few scattered around? I dont think anyone except Barclay would deny you for that. Cap 1 deffinately has been tightening its belt lately, but I doubt they'd deny strictly on inquiries. Just be aware that cap 1 pulls all three. So if theres other cards you're interested in I'd prioritize those over cap 1.

[Anonymous]

You can to their page and see if you prequalify.  No hp to see.   

[Anonymous]

I have a DC, Marvel, Cash+, Discover It, Freedom, Amazon, and 1FBUSA (gives me 2% on all purchases as credit each month).

I also have an eBay and a JCP card, but both of those are SD until they either close or I decide to cancel (unless the eBay can PC to the pilot of the 2% back card).

The reason I want the card is a planned one off international trip next year (I don't travel much, let alone internationally). My Amazon and 1FBUSA cards have no FTF and are both Visas. Many sites recommend having at least 3 CCs, including at least 1 Visa and 1 MC preferrably from different lenders in case a freeze happens. This card would cover the 1 MC with no FTF and gets the same rate back for dining and groceries that I get currently so it wouldn't be a use once and SD card unlike the Quicksilver that I was contemplating before this card was released.

Besides the Premier Dining card, I am interested (but not fully set) on 2 other cards. They are the Amex BCE and BoA BBR. I don't spend over $3200 in groceries in a year to justify the Preferred and can't justify a HP for a less accepted 1% better at US supermarkets card. That and the $25 increments redemption.

The BoA interests me for the quarterly statement credit, but the T+C languages says you get it if you pay more than the min due. I wouldn't want to spend say $30 on the card each month while using my other cards and worry if I spent enough to qualify. Supposively, it also includes PIF if the min due is the same, but I don't want to find a opened an account and used a HP for nothing but a headache.

I recognize that Bankamerideals and Amex Offers tend to be useful to some people, but I plan on saying they will be useless. I'd rather find out after applying because I want the card the deals are good rather than apply in expectation of the deals and find out I won't use them.

[Anonymous]

Inquiries are always YMMV.  With a few in your case with 760 scores you are in great shape no worries.

[fltireguy]

One thing to remember, some of the rewards cards(not sure about CapOne) will only pay rewards on US purchases

[Anonymous]

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@fltireguy wrote:
One thing to remember, some of the rewards cards(not sure about CapOne) will only pay rewards on US purchases

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Good to know as I didn't know that. I know that Chase still pays rewards on abroad purchases (as long as I'm not getting some sort of cash directly: ie cash advance in foreign or US currency). My 1FBUSA gives 2% on everything including cash advances and such. I checked the CapOne T+C and it makes no mention of not being rewarded for foreign purchases, so if it didn't I could force CapOne to comply. I'm sort of wonderring who doesn't reward for international purchases considering the FTFs that most cards have, and most that don't have FTFs encourage travel of all sorts.

[HeavenOhio]

I looked at the fees and disclosures for three CapOne cards (Premiere Dining, Quicksilver, Venture), and there's nothing about rewards outside the US not counting. All the documents say is this: "Cash advances, balance transfers, and checks used to access your account are not considered purchases and will not earn rewards."

Of course, if you want to be sure, call and ask.

[taekwon]

I travel abroad 11 months/year and use my capital one cards every where I go. Capital one pays rewards on all purchases regardless of the country the card is being used in. IMO cap1 is a good travel card. You don't have to worry about setting up travel notifications.