Guaranteed store card with credit card.

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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RobNYC
 
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Guaranteed store card with credit card.

Postby RobNYC » Thu Oct 09, 2014 4:46 am

I was wondering if I can get a credit card from a major retail store by using my Capital One card.


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Vattené
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Postby Vattené » Thu Oct 09, 2014 1:41 pm

I'm not sure what you mean by being able to get one card by using another card. Can you clarify this?

If you mean will regular usage of one card improve your odds of approval for another then the answer is - very broadly - yes, this will improve the probability, all else held constant. Regular usage with low reported utilization and always paying in full will have a positive impact on your credit and score. To address your thread's title, however, no line of credit is ever guaranteed. Store credit cards are no exception. Approval will depend on your credit profile. Store cards are, speaking broadly again, generally easier to qualify for than standard credit cards. If you have a thin but clean profile with limited history beyond your Capital One card, your chances are likely good. If you have any kind of derogatory marks, late payments, etc. then it is totally up in the air without more information.
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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Oct 09, 2014 4:25 pm

Rob, I'm not sure what you're asking, either.

If you're asking whether having a good history on a capital one card for 6 months to a year will improve your chances of getting a store card, then the answer is yes.

If you want to know if that history will 100% guarantee that you'll get a store card - or any other card - then the answer is no.

If you're asking if you can convert a capital one card into a store card, then the answer is no, since capital one (as far as I know) does not issue store cards. Other banks tend to specialize in store cards, but they are capital one's competitors.
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popamode72
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Postby popamode72 » Thu Oct 09, 2014 4:31 pm

CarefulBuilder14 wrote:Rob, I'm not sure what you're asking, either.

If you're asking whether having a good history on a capital one card for 6 months to a year will improve your chances of getting a store card, then the answer is yes.

If you want to know if that history will 100% guarantee that you'll get a store card - or any other card - then the answer is no.

If you're asking if you can convert a capital one card into a store card, then the answer is no, since capital one (as far as I know) does not issue store cards. Other banks tend to specialize in store cards, but they are capital one's competitors.


Actually I think CapOne issues the Playstation, Sony and Kohl's cards.
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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Oct 09, 2014 4:41 pm

So Kohls is a true store card since it has no major payment network. The others are co-branded, but CO does issue them (and the GM is cobranded, too).

Rob, I don't know CO's policies, but you might be able to get better deals overall on a more flexible card - possibly with another lender. More information about your situation will help.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

RobNYC
 
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Postby RobNYC » Sat Oct 11, 2014 1:47 am

I remember being approached at a store... I think it was Kohls, and they told me that as long as I owned a credit card, I would be automatically approved. I'm in the process of rebuilding my credit. What I am doing is using my Capitol One Platinum credit card for all of my purchases, and paying immediately with my Chase account.
My income is decent, my expenses are low, so now is a good time for me.

randeman
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Postby randeman » Tue Oct 21, 2014 5:46 pm

I believe I know what you're asking. Many years ago before the days of instant approval, if you walked into, say, Macy's and brought merchandise to the register and said you wanted to open a store card, they would take your application and gave you a temporary credit limit of approximately the value of your purchase against a major credit card that you had to present with the application. If you didn't get approved for the store card, they would charge the merchandise to your presented major card. This was at least as far back as the late 80s because I can remember going into what was then a Federated-owned department store and buying clothes with this method. I kind of doubt they do this anymore now that instant credit checks are commonplace.
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Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).



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