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Rebuilding: stay away from cards I've burned in the past?

petcredit0421
New Contributor

Rebuilding: stay away from cards I've burned in the past?

Just curious what others have experienced.

I have burned capital 1 and synchrony in the past. 3+ years ago... on payment plans and almost done with both. (payment plans with collection agency and attorney, original debt charged off 3+ years ago).

I ask because I'm interested in an entry level cashback card as I look to get rid of my subprime cards. "milestone" is first on the chopping block as they have no way to increase your credit limit ever (in writing on their website).

fico score aside, I keep getting emails to apply for the paypal cashback card of course that's a synchrony product. will the fact I burned them but later paid be an automatic reject?

I'm not as gung-ho on Capital one but it's the same situation as them.

TLDR; fico score aside is it an automatic reject if I recently finished paying off charge offs and collections with cap 1 and synch?

thanks!
☆rebuilding☆
TU 442 to 620
Exp 479 to 614
EQ 636
Message 1 of 14
13 REPLIES 13
Bobby1081
Member

Re: Rebuilding: stay away from cards I've burned in the past?

The email for PayPal are just solicitations. I would not apply. Try the Discover prequalify site; even getting their secured card is a good choice. Also, if you have an in; try NFCU.
Message 2 of 14
cshilling22
New Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

Even though you are not gung ho about Cap1, it doesn’t hurt to check their pre-qual website. In my experience they have been very forgiving. They even sued me directly and I fought them and ended up negotiating a settlement. About 2 years later they approved me for a new card with a $3,000 SL.
Discover It: $18,800
Discover It: $8,000
Chase Sapphire Preferred: $14,900
Marriott Bonvoy: $10,500
Amex Gold: $2,400 POT
Quicksilver: $3,800
Credit One: $1,650
Message 3 of 14
FireMedic1
Super Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

What are your FICO scores. Did you burn Disco? You could try their pre-qual.





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 4 of 14
petcredit0421
New Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

I havent burned discover, but I have a secured card with citi so I was just hoping to skip another secured card. my history with Citi is good so I expect to graduate and build a good relationship with them.

my scores arent high enough to app yet for any cashback card. But I was trying to think ahead. thank you to all who commented Smiley Happy
☆rebuilding☆
TU 442 to 620
Exp 479 to 614
EQ 636
Message 5 of 14
GApeachy
Super Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

You could still try Discover's prequal just to see. You MIGHT luck out. When I got mine it was secured, dh's was not....man I was jealous.  Happy for him, couldn't understand why he got a cashback card with a pretty decent limit compared to mine.  My scores were higher with a cleaner file. You might luck out, idk. gl!

"My Take Home Pay Don't Take Me Home"
Message 6 of 14
petcredit0421
New Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

Thank you! This gives me a lot of hope and certainly Discover beats most of what I've got. Also thank you to the other poster telling me the paypal email was just a solicitation. I had heard rumors it was more meaningful than that.
☆rebuilding☆
TU 442 to 620
Exp 479 to 614
EQ 636
Message 7 of 14
GApeachy
Super Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

Btw, on the Disco prequal it told me straight up I qualified for their secured, nothing else....same with ds and dil.  He dh, it showed he prequaled for cashback and secured.  So when he (no really me) did the app it said for him to call in and that's when we found out he qualified for the cashback card.  So that's all I can tell you.  If the prequal mentions the secured, it's a gamble.  Just wanted you to know that.

"My Take Home Pay Don't Take Me Home"
Message 8 of 14
petcredit0421
New Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

very good to know! because I would have been hesitant to call in LOL!
☆rebuilding☆
TU 442 to 620
Exp 479 to 614
EQ 636
Message 9 of 14
GApeachy
Super Contributor

Re: Rebuilding: stay away from cards I've burned in the past?

We called right when it said too and ck or Exp, can't remember dinged the HP before we could shake a stick,  so it would have been useless to not call in.  He got a $2k or 2.5 limit!  But first the guy wanted him to send a pic of his id, dh said for him to talk to me and the guy said this is a good card, wanted me to upload while he was on the phone so I did and bam!  The guy even giggled with me, I was like dang......why couldn't that have been me? Of course dh file was waaaaay thicker so I understand really.  But he had soooooo many lates, omg not even funny (don't ask, I will not tell...yeah, that bad).  Check that prequal!Smiley Wink

"My Take Home Pay Don't Take Me Home"
Message 10 of 14
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