New to "myFico" and curious about quicksilver denial

[Anonymous]

Tried getting Cap1 Quicksilver Visa, CK says im a 745, currently have a secured $500 card with 15 month history, and a $4500 Chase Freedom with only a couple months history. Well I get denied by Cap1 then applied for the Extra Points card since I usually buy tickets, spend money at pro shops ect. Plus there was a $100 cash back offer so considering it had no annual fee it seemed like a no brainer. Well I apply and get a $5000 limit. So then I go and apply of Discover it card and get a $2200 limit. I don't understand how Cap1 denies me and other companies give me decent cl and instant acceptence. I called Cap1 this morning. Guy barely spoke english and said just look for the reason in the mail within 10 business days and that he could do nothing. Just figured I now have a hp and nothing to show for it. 

Thanks for the read and any help on the matter.

-Adam

[One7]

Wish I could help, but they did the same to me when I applied. I dislike Capital 1 so much I don't know why I even applied for it. You will have a HP on all your credit reports by the way which has to be the worst part about it. Denial letter said my length of credit history was insufficient....

[Anonymous]

I have quickly gotten a similar opinion of them myself. I don't mind the hp if the outcome is a decent rewards card. But to get denied when I anticipated an easy acceptence I was a little confused. Sounds like I am not alone however.

[ecocredit]

Don't worry too much. CapitalOne is not the best companies to deal with. They recently denied my CLI and I'm a 4 year old customer with outstanding payment record -  always PIF, never late. I have a good CR with 760+ FAKO and a sizeable income. I was still denied for a really stupid reason - I've not used the card much due to the low limit. At least I got my card PC'd to QS. So dont worry about it much. There are other cards to be had  

[lg8302ch]

Do you know your Fico scores?  CK is Fako and can be far off ... the QS Visa is for excellent credit. Did you consider the QS MC instead? What is the reason for denial?

[Anonymous]

If your scores are that good why even go w cap 1?

I'm great full for being approved for their lower tier cards right out of ch7.

Platinum app day of ch7 discharge $2000
Quicksilver 1 less than 2 mos later $3000.

[SunriseEarth]

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@Anonymous wrote:

Tried getting Cap1 Quicksilver Visa, CK says im a 745, currently have a secured $500 card with 15 month history, and a $4500 Chase Freedom with only a couple months history. Well I get denied by Cap1 then applied for the Extra Points card since I usually buy tickets, spend money at pro shops ect. Plus there was a $100 cash back offer so considering it had no annual fee it seemed like a no brainer. Well I apply and get a $5000 limit. So then I go and apply of Discover it card and get a $2200 limit. I don't understand how Cap1 denies me and other companies give me decent cl and instant acceptence. I called Cap1 this morning. Guy barely spoke english and said just look for the reason in the mail within 10 business days and that he could do nothing. Just figured I now have a hp and nothing to show for it. 

Thanks for the read and any help on the matter.

-Adam

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Contact the Cap One EO and recon.   You can search the boards for how to contact the EO.

[coldnmn]

Welcome to the forum. That card is for excellent credit and you must have had a card with a $5000 limit for three years. If you look up the requirements for that card it could be one reason for denial.

[gh17]

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@coldnmn wrote:

Welcome to the forum. That card is for excellent credit and you must have had a card with a $5000 limit for three years. If you look up the requirements for that card it could be one reason for denial.

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I remember it saying that on the prequal site or somewhere as the definition of "excellent credit" to them.  But I'd had a card with a $1000 limit for four years and a card with a $4000 limit for two years at the time I'd applied.

[coldnmn]

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@gh17 wrote:

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@coldnmn wrote:

Welcome to the forum. That card is for excellent credit and you must have had a card with a $5000 limit for three years. If you look up the requirements for that card it could be one reason for denial.

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I remember it saying that on the prequal site or somewhere as the definition of "excellent credit" to them.  But I'd had a card with a $1000 limit for four years and a card with a $4000 limit for two years at the time I'd applied.

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That's why they post there defination of excellent credit for best chance of approval and to avoid denial and wasted inquiries.