mikeystar wrote:I have a Capital One Platinum card with $300 CL since February. Last week I was approved for an Amazon store card with $400 CL.
mikeystar wrote:I really want to apply for the Capital One VentureOne Rewards credit card or the AMEX everyday credit card, but don't want another hard inquiry for nothing.. I already have 3. Would you say I have a chance for approval or should I wait?
We can only guess. With what you've presented as your credit profile I would doubt it. Those limits are very low indicating that the creditors that approved you have concerns with your credit.
You say you have 3 inquiries but with which CRA's? How old are each of them? If they're all with Experian and recent that would also make me think it unlikely.
mikeystar wrote:Credit Karma TU 672, EXP 677.
Capital One Credit tracker TU 725
As stated above, none of these scores matter. The creditors you're considering applying with do not use them in their decisions. AmEx typically pulls EX and not TU or EQ. Credit Karma does not provide a score or reports for EX -- they do so for TU and EQ.
mikeystar wrote:I didn't get approved but then received an email saying I need to submit a bank statement or a proof of income..
That's interesting. AmEx typically uses the 4506-T for income verification.
MemberSince99 wrote:The Credit Karma scores are meaningless really - no lender uses them and they can be VERY different from what real lenders use, which you see with your Cap One tracker which actually is meaningful.
IIRC, CO provides a TransUnion New Account score which no creditor uses. CK used to use this model but changed to VantageScore 3.0 a while back. Allegedly creditors do use VantageScores but I have yet to see any information about who uses them for credit decisions.