Hi all!
I'm in the process of rebuilding my credit after bk. I have already got a Captial One Platinium (unsecured) and was thicking about going for the QS 1 also. My question is should I do this? Id rather had the regular QS without the annual fee. Does the QS 1 graduate into the QS?
Also I thought about getting a secured loan but I am currently paying a student loan so I figure I proably don't need that.
Thanks.
Stay away from the QS1. Its almost inpossible to upgrade where the Plat is much easier to get pushed to the reg QS. (If you have had about 3 months of the Plat start hitting this link to see if your can upgrade. https://verified.capitalone.com/sic-ui/#/esignin?Product=Card&Action=ProductUpgrade It would take alot of spending to get your $39 annual fee back with the QS1.
Check Disco and Merrick Bank pre-quals to see what pops up for your next card. You dont need a loan since your student fill the installment loan area for credit mix. What are your FICO scores. You can check at all 3 for a buck at credit check total and cancel and go back to the free EX version. Good Luck!
So I tried the link and it worked! i'll receieve that card in the mail! Thanks for that!
I'll check out the other cards you mentioned. My Fico scores are in my singiture but they are EX: 643 EQ: 601 TU: 601. They are also all fico 8 scores.
Cool. Congrats! Sorry I didnt read the scores. Give Disco a shot now. https://www.discovercard.com/application/prequal?&iq_id=r43700026351813315&gclid=EAIaIQobChMImvy957r...
I would, but I burned them in my bk and i've tried lol..
In November of 2018
Well once your a year out you may be able to get back in with Disco. Or you try for the secured that will graduate. You'll want to get to 3 cards and you already have the loan. So the FICO bonus as I call it will kick in. If you have a loal credit union you could try a secured with them also.
Try Disco's Secured:
@Anonymous wrote:I applied for and got approved for both the Venture 1 & QS1 about 2 years or less after my BK 13. Right now when I go to the Upgrade page on Cap 1 I can convert my Venture 1 to the regular QS. When I got the QS1 they gave me a good limit.....$3000 with scores in the low 600's so it worked well for me I was not complaining. It really depends on what your goal is with these cards I mean do you want reward points, cash back stuff like that. The venture 1 works for me because I get hotel rewards points. Get the card that has what you need like the reward points for stuff that you buy. Don't get a card for the sake of just getting the card.
Right now the OP needs a few starter cards to get going again. Rebuilding will have to go the starter card (bucket) way until some history is made and scores rise. Then you can get your dream cards for each catagory. Wont happen in the beginning of a fresh rebuild. Congrats on your success so far.