@navigatethis12 wrote:
@red259 wrote:Do they triple pull people who already have a cap 1 card as well? The initial triple pull does suck but when starting the credit journey its not a big deal. More annoyiong later on if you do frequent apps.
I dont' really see it as a triple pull. It's only one on each bureau, so I don't see it as a big deal. Unless you plan on applying for one card from them each day, it's not that bad. I have one frozen and they still approved me for 20,000, so they don't need all three and I'd say a 20,000 limit and $400 is worth more than one bureau being looked at.
Well pulling one from each bureau is a triple pull. Why would they pull the same report three times at once? :
I agree its not a big deal for most people, but for people who are churning cards they like to spread out their inqs over different reports.
;
@red259 wrote:
@navigatethis12 wrote:
@red259 wrote:Do they triple pull people who already have a cap 1 card as well? The initial triple pull does suck but when starting the credit journey its not a big deal. More annoyiong later on if you do frequent apps.
I dont' really see it as a triple pull. It's only one on each bureau, so I don't see it as a big deal. Unless you plan on applying for one card from them each day, it's not that bad. I have one frozen and they still approved me for 20,000, so they don't need all three and I'd say a 20,000 limit and $400 is worth more than one bureau being looked at.
Well pulling one from each bureau is a triple pull. Why would they pull the same report three times at once? :
Right, but I think when people here triple pull some tend to think "One pull reduces my score by X, so three will!!!!" whereas it is just X on each CRB. As you say, the major impact is for churning or big app sprees, but many here just think of it as really bad without thinking about the real impact.
My 14 year old cap1 raised from 1200 to 10k after contact EO
EX819 1HP|TU797 1HP| EQ(Fico8 BankCard)841
@SOGGIE wrote:
@Themanwhocan wrote:
@TheBoss wrote:How I look at it: If you don't like the way someone does business, don't do business with them. Simple as that.
There are certainly plenty of other cards available that give 1.5% cash back. So there is no need to stay with a company you personally dislike for whatever reason. Or even no reason.
Correct me if I'm wrong, but Cap One is the only lender offering 'Unlimited Cash Back.' With that, I wondered if they were fair to their applicants/potential cardholders with regard to the credit limits they give.
The following chart contains 1.5% cash back or better cards with no restrictions on amount of earnings except 1) the BOA BBR is obviously restricted to $100 or $120 per year of cash back regardless of spend, and 2) the SAFE Platinum Cash VISA is limited to I believe $500 of cash back per year.
So depending on your spending level, there are between 6 - 8 other cards that give equal or better cash back.
I see examples in the credit pulls database of people with 683 and 700 FICO's being granted a $30,000 credit limit from NASA FCU
I've been fortunate (pun intended haha) with Capital One. I waited almost 2 years post bankruptcy to apply with them and delt with cards anywhere from $300-$750 limit. Finally applied a few weeks ago and was approved for both the quicksilver and platinum at $3K each. So more than tripled my highest limit card, not only once, but TWICE! So they are A-OK in my book. Plus both are enrolled into the steps program so I very well could be seeing limits for $4,500-$5,000 each in the next 6 months.
Personal:
