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capital one secured CC question.

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Anonymous
Not applicable

capital one secured CC question.

is it possible to get a capital one secured credit card without running your credit. i have too many inquiries (12) so i rather not run it.  

Message 1 of 7
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SecretAzure
Valued Contributor

Re: capital one secured CC question.


@Anonymous wrote:

is it possible to get a capital one secured credit card without running your credit. i have too many inquiries (12) so i rather not run it.  


No, they still run your credit but it's pretty difficult to not get something when you're putting down a deposit.

"Show your thanks with action! Hit the "Kudos" button (the stripe with the star) for every post you find helpful to show your appreciation to the community of great individuals who help you on these forums" -Me

Active Cards: Chevron Texaco, Amex BCE, Barclays Ring, Chase Freedom, Chase Freedom Unlimited, Best Buy Visa, Marvel MCMust garden until 2/1/2022 to hit my goal AAOA. Smiley Indifferent
Message 2 of 7
NRB525
Super Contributor

Re: capital one secured CC question.

What did you get for all those INQ?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 3 of 7
Anonymous
Not applicable

Re: capital one secured CC question.

I'm not worried about the deposit. Just can't afford to run my credit again. I didn't get anything for those inquiries . I went all crazy trying to get something in credit. This was before I started paying attention to my credit score.
Message 4 of 7
SecretAzure
Valued Contributor

Re: capital one secured CC question.

You should still be fine. This is the only way back into a decent credit standing. And don't apply for anything else for an entire year. And even then, start slow.

"Show your thanks with action! Hit the "Kudos" button (the stripe with the star) for every post you find helpful to show your appreciation to the community of great individuals who help you on these forums" -Me

Active Cards: Chevron Texaco, Amex BCE, Barclays Ring, Chase Freedom, Chase Freedom Unlimited, Best Buy Visa, Marvel MCMust garden until 2/1/2022 to hit my goal AAOA. Smiley Indifferent
Message 5 of 7
happypill
Valued Contributor

Re: capital one secured CC question.

Take a look at the secured card offered by the State Department Federal Credit Union.  I don't know anything about them, other than under their secured card application, it specifically says no income verification or credit check required.  It looks like membership is open if you join an affiliated organization.

Message 6 of 7
Kirmie2010
Established Contributor

Re: capital one secured CC question.

I think they will still do a HP.  But if you need to rebuild or build credit, you need to start somewhere.  Sooner you get started the sooner those inquiries will age off of your reports.  I read that in a year, they dont usually court towards most new credit apps.  After 2 years they are off your report totally.

 

I know inquiries are important but they arnt the be all and end all of everything.  My last 3 cards were gotten with over 20 inquiries on my reports, over 30 on one of my reports.  (Barclay, Chase and Discover)  Either inquiries arnt as heavily figured as some people say or these companies really want my business Smiley Tongue  (I have bad credit)

 

Good luck.

(Of course for auto loans or mortgage I dont know about the inquiries, if your going for one of those, Id say dont go for any card unless you are sure you can get it.)

Message 7 of 7
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