Capital One Inquries

[Anonymous]

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@Anonymous wrote:

It's counting. My report says I have 7 inquiries and Cap1 is 4 of them. Also, one of the negative remarks from CK is too many inquiries. 

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Bear in mind too the source.  Credit Karma may be rightly claiming that the inquiries are hurting our OP's Vantage score.  No lenders use Vantage, however, so our OP can ignore that.  Our OP should focus on his FICO scores.

[Anonymous]

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@Anonymous wrote:

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@Anonymous

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What I dont get then is why do i have a negative remark that says "too many inquiries" Without the capital one inquiries i only have 3. 

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Very late response to this, but worth mentioning. 

"Too many inquiries" as a negative reason statement simply means that your score is being impacted due to the presence of an inquiry or inquiries.  Literally all it takes is 1 inquiry to generate this negative reason statement if that 1 inquiry is holding back your score at least 1 point.

With only 1 inquiry present on TU for the last 6 months or so I was seeing that negative reason statement.  In the case where you only have 1 inquiry or a couple, if you're seeing this statement it's likely because your profile is very strong and you don't have anything major holding your score back... so it's more or less just a filler statement.

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I saw that same reason on the back of the letter I got from Discover the other day explaining why my recent CLI request had been turned down (the reason given on the front was "not enough experience at your current credit limit", which, as I've found out, translates to "you're not using this card enough", so that's likely the real reason and everything on the back is just filler, as you said).

[Anonymous]

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@Anonymous

I saw that same reason on the back of the letter I got from Discover the other day explaining why my recent CLI request had been turned down (the reason given on the front was "not enough experience at your current credit limit", which, as I've found out, translates to "you're not using this card enough", so that's likely the real reason and everything on the back is just filler, as you said).

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Off topic, but "not enough experience at your current credit limit" does not mean "you're not using this card enough."  I've received over 50 of those Discover denial letters, all of which have the same reason you just referenced.  There were many times that I was using the card heavily and got those denial letters and other times where I used it for a single $5 swipe or not at all and received a hefty CLI.  With Discover, not enough experience at current credit limit simply means that not enough time has elapsed since your last CLI, so you can't get another yet.  This period of time varies heavily from profile to profile and can be 30 days, 60 days, 90 days, 6 months, 9 months, etc.