To app or not to app?

Schoolbuskid · ‎02-11-2008

Just received a preapproved offer from Cap 1 just wondering what do you guys think? Should i go ahead a fill out the application? I would like to hear about some your experiences with Cap 1!

Rebuilding and Reducing Debt, is my game plan.

Anonymous · ‎02-11-2008

Do a search for cap1, capital 1, capital one etc you'll find tons of threads lol

It can go two ways, you do everything right and they're very good to you, or you do something wrong and they pounce on you like wolves on red meat.

People either love them or hate them

Anonymous · ‎02-11-2008

modernsurrender wrote:
Do a search for cap1, capital 1, capital one etc you'll find tons of threads lol

It can go two ways, you do everything right and they're very good to you, or you do something wrong and they pounce on you like wolves on red meat.

People either love them or hate them

I feel like I'm walking on eggshells with them!

Anonymous · ‎02-11-2008

The biggest complaint with Cap one used to be the lack of them reporting CL's-

This is no longer the case after Sept 07-

No the biggest complaints- IMO are-

They pull all 3 CRA's hard on an app and

they do not move you up to a higher tier card w/o a new application/card

MidnightVoice · ‎02-11-2008

Awisw man once said:

MidnightVoice wrote:

There is a reason they are called Crap1.

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Schoolbuskid · ‎02-12-2008

Thanks Guys!

Rebuilding and Reducing Debt, is my game plan.

Red1Blue · ‎02-12-2008

Approved or declined, they pull hard inq on all 3 CRA's. Keep that in mind.

Anonymous · ‎02-12-2008

modernsurrender wrote:

It can go two ways, you do everything right and they're very good to you, or you do something wrong and they pounce on you like wolves on red meat.

It can also go a third way: You do everything right but they still treat you like you don't know how to use your credit wisely.

This is actually very common. How they treat their cardholders seems to be related to the category of card you get when you apply. If you get a rebuilder card, they treat you like a rebuilder for as long as you have it.

Message Edited by cheddar on 02-12-2008 08:57 AM

Anonymous · ‎02-12-2008

S.b.k. I've had Cap1 cards for 8 going on 9 years now. I love them. They serve a niche for many people.

Before applying to them, what are all your current FICO scores? They have a bunch of various types of cc's, from prime cards, to starter/rebuilder cards.

Have you gone to their pre-approval site?

https://cardfinder.capitalone.com/CapOne/findMyOffer.do

Anonymous · ‎02-12-2008

I hate the cards that are doing 3 inquiries.