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Apply for another cap 1 card?

KingJaffeJo
New Contributor

Apply for another cap 1 card?

So here is my dilemma...I have 3 CO’s from 2014 on my credit history. 2 AMEX and 1 BOA. I currently have a Cap 1 World MC w/an $11k limit which is my only real credit card. My FICO is 684 and I’m wondering if I should apply for the cap 1 savor card to at least have 2 cc’s instead of one to somehow help me build my credit back up. My only other card is a Tires plus card.
Message 1 of 8
7 REPLIES 7
Rebuild2019
Valued Contributor

Re: Apply for another cap 1 card?

I wouldn’t apply at CAP1 if you have a real card with them and CO’s on your report. To me it’s kinda like poking the bear.

I’m sure someone else will chime in.

CARDS: Discover It | QuickSilver One | Kohl’s | BBT Spectrum Cash Rewards | BBT Bright | CITI Custom Cash | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 2 of 8
FireMedic1
Community Leader
Super Contributor

Re: Apply for another cap 1 card?

Looking at the whole picture. Getting more credit doesnt help you gain much with baddies in the background. You need to take care of the CO's first. Then your scores will rise some more which would lead to better cards then than now. I know thats not want you wanted to hear. But you have to take care of the past so the future is better. More good than bad doesnt fix the problem. Or make your scores better.





Homeowner since Sept 2020. My posts are JMHO. My siggy is not to brag. Just sharing my experiences after BK from learning here from rebuild to recovery from the @ 540's.
Message 3 of 8
KingJaffeJo
New Contributor

Re: Apply for another cap 1 card?

Thanks for the feedback. I’ll sit on my hands for now and address those COs. I figured since I got a big CLI from Cap without me asking, things were looking good. A recent denial from PNC for their cash rewards card stung a lil. So I wasn’t sure if I should stick with Cap since I know a lot of folks have multiple cards with them, thus helping them out with their scores.
Message 4 of 8
Shooting-For-800
Senior Contributor

Re: Apply for another cap 1 card?

Cap One has been great for me.

My first card starting rebuild and my first large limit card after rebuild started.

Are you prequal for Savor and Venture?

If so, I would get it if you want it.

It should be at least a $5k SL if prequal for Venture.

GL.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2022.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!


Message 5 of 8
ImTheDevil
Super Contributor

Re: Apply for another cap 1 card?

^^^ flip side to the above is that CapOne is unduly selective with those two cards - if you don’t have a preapproval for them, it’s probably best not to waste three HPs for a likely denial.
Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | PenFed Gold | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)


Message 6 of 8
KingJaffeJo
New Contributor

Re: Apply for another cap 1 card?

I haven’t tried to prequalify for them yet. I haven’t received anything in the mail. I can just go on their site and try to see if I am, correct?
Message 7 of 8
KingJaffeJo
New Contributor

Re: Apply for another cap 1 card?

So no offers when I tried to prequalify. I guess I really need to clear up a few of these CO’s. I’ll knock of this $1600 BOA balance and settle on my Amex one side that one is just too high. I’ll wait to do that Jan 1st cuz I don’t want to get hit with that 1099 on this yrs tax return
Message 8 of 8
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