cancel
Showing results for 
Search instead for 
Did you mean: 

APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
New Contributor

APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Hi All! Smiley Happy 

I haven't been here for long as a contributer, but I have been studying these forums for weeks now as I work on rebuilding my credit.

This may not seem like much to most of you but..

 

**I was just approved for a Capital One $200 secured card with just a $99 deposit!!**

 

I have burned Capital one a couple of times over my lifetime (once in BK in '04 and a Kohls store card in 2014 that shows as Kohls/CapOne) and I just assumed they wouldnt approve me! I have an opensky card and NFCU that I just got and I was having trouble finding a 3rd card for my 3 cards to start my rebuild. I saw someone suggest a prequalify tool which I did for discover and was not approved and I figured it was better than continuing to add inquiries knowing noone was going to approve me.

I AM SO EXCITED!! Smiley Happy Smiley Happy

 

Just a little of my story since i dont have a signature yet..

I am a disabled veteran of 15 years now. I had quite amazing credit by no means of trying when I was 18-21 in the ARMY. since everything was through autopay out of my check my credit was great... well fast forward to being separated due to severe back injury and absolutrly no pay while I waited on VA rating Smiley Sad I ended up having to file for BK in the end of 2004. since then it was an uphill battle tbh... I struggled for basically this whole 15 years while the VA rated me at 20% for 4 years then 70% on my appeal.. then 90% 5 years later and JUST LAST NOVEMBER  I was finally granted 100% P&T! 15 years fighting and suffering.. struggling to make money on side jobs (when I was able) like buying and reselling items from craigslist to ebay.. just a really hard time. this rating of 100% has changed my life and I finally can say that i can pay my bills! Smiley Happy being that I was never taught the importance of credit and I never learned it on my own except through the struggle of paying outrageous prices for everything bc my credit was crap. I have some collections aging on my report that I am working on but I am really going for it! I WILL get to 700+ or die trying!

Thank you ALL for all of the great advice you have contributed on the forums.. they are absolutely invaluable!! God bless!


2/25/19 FICO 08 = EX-580, EQ-559, TR-610
Current FICO8 as of 5/21/19 = EX 621, EQ?, TR?
Exp mortgage score 607!
Message 1 of 13
12 REPLIES 12
Community Leader
Super Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Congratulations on your approvals! You're well on your way now. Garden those for at least 6 months, and you will really start to see more positive changes happening in the reports. Smiley Happy


My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 2 of 13
Regular Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Congrats on the approval!

 

A lot of us end up here after being sick and tired of being sick and tired of our credit situation.  If you follow a lot of the advice here, you will find yourself in a better situation than you started with.

 

On the rebuilding journey, I can only give you 1 good piece of advice.  Never STOP, Never GIVE UP.  You can do it if you stick with it!

 

Just use your new found credit responsibly and it will be good to you!

Starting Score: 567
Current Score: 739
Goal Score: 760


Take the myFICO Fitness Challenge
Message 3 of 13
Senior Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Congratulations on your approval!

Starting Scores FICO 8 (Feb '18):
EX- 519, TU- 530, EQ- 545

Current Scores



Message 4 of 13
Regular Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Congrats! Its a new beginning!

Aug 2019: EQ 713, EX 698, TU 708 (Mar 2017: 550's)

AAoA: 8.6 years, Gardening Goal: Spring 2020
Message 5 of 13
Moderator

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Fantastic.
"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 6 of 13
Established Member

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

Congrats ! I know how hard it is to get the VA to help. I worked with my disabled brother and watched him go through similar challenges. Good for you, best of luck !




3-23-19 FICO 669 Experian (free from discover)
March 21 2019 632 Fako (Creditwise by transunion), no score on experian

Feb 28 2019 553 Fako (creditwise)after applying to Cap One
Jan 31 2019 605 Fako (Creditwise)score per
Cap One QS $300
Message 7 of 13
Valued Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!


@MommaBear83 wrote:

I WILL get to 700+ or die trying!

Good news, you don't have to die....time heals all wounds.  You may take two steps forward; one step back for a little while and then Zoom, Zoom!  Happy for you Momma!

"MY TAKE HOME PAY DON'T TAKE ME HOME"
Message 8 of 13
Regular Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!

I've had a cap1 card for nearly 3 years and they upped my balance to $500 from my original $250 deposit. They won't PC me to an unsecured card, they won't increase my limit "because it's secured". They don't graduate anymore, at least they told me so.

 

You should look into getting one with Discover. From what I gather graduation is a bit easier.

Credit Card companies have a name for those who pay their bill in full each month: Deadbeats
Message 9 of 13
Community Leader
Super Contributor

Re: APPROVED FOR CAPITAL ONE "SECURED" CARD!!


@Cleaningitup2016 wrote:

I've had a cap1 card for nearly 3 years and they upped my balance to $500 from my original $250 deposit. They won't PC me to an unsecured card, they won't increase my limit "because it's secured". They don't graduate anymore, at least they told me so.

 

You should look into getting one with Discover. From what I gather graduation is a bit easier.


Whether or not your secured will graduate is dependent on what the terms were when you applied. They've flip-flopped over the years between graduating and not graduating. Have no idea which one it is right now.







Message 10 of 13
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.