- Centurion Member
- Posts: 339
- Joined: Fri May 11, 2012 4:08 pm
- Location: Atlantic City, NJ
Andy, I agree whole-heartedly with you. Halfway through April, I applied for the exact same card (who the heck wants the plain 1% offer with a $39 annual fee, making you spend $3900 annually just to break even??). Oh yeah, I forgot to mention that they sent me an invitation to apply for the excellent credit version. I was only looking for a tertiary credit card to use strictly for utilities. After using the offer number they mailed me, I was denied in about 30 seconds online.
Fast forward a couple weeks. Capital One sends me a letter in the mail regarding my recent denial. After hard pulling all three credit bureaus, they say I was denied because my "credit limits are too low", I "am not a homeowner", and I have "too few or no accounts." They also cited my TransUnion FICO score of 724. At the time I had 6 revolving credit accounts and a charge card (Amex Green), my credit lines totaled $12,400, i had probably 5% of my credit in use (I pay off my balances in full) and average account age was ~2.5 years. It was really annoying because I wasted a hard pull on all 3 bureaus and upon calling their "reconsideration" line that I googled, they flat out told me they don't do recons.
So instead I decided to just put my applicable utilities on my Discover More card, apparently if you put them on autopay you earn 2% back , which is more than i would have made from that boring CRAPital One card. Also just got approved for a Fidelity Investment Rewards card with a $2500 credit limit that gives you a flat 2% on everything, so it turned out ok in the long run. The only other Capital One card that I'm even remotely interested in is the SonyCard, but there are so many better offers out there from other banks, I think I will probably just avoid them in the future. Three pulls is a lot to stomach for the usually stingy bonuses Capital One offers on their cards.
Now she's eyeless.
The snakes she held once
Eat up her hands.