- Centurion Member
- Posts: 1067
- Joined: Thu Aug 04, 2011 7:07 pm
- Location: Phoenix
Since you already used the inquiry, I would call Capital One for a recon (reconsideration of the denial). You have nothing to lose and maybe after you share with the agent the reason for the medical bills they will agree to open the account. Capital One also offers a secured or partially secured card that you can look into. Try 800-707-0489 or 800-889-9939 for a recon.
If you have never filed a bankruptcy you may also check out Citibank and BofA's secured cards as well as a secured card from your credit union or as you say, US Bank. You will have to pony up the cash for the deposit, but in the long run, these cards are much better than anything else you will qualify for right now. (Don't go this route if you have ever defaulted with Citibank or BofA or any of BofA's legacy banks like MBNA or Fleet).
If you don't have a lot of inquiries, there really is not a time limitiation in between applications. I would not go crazy and apply for every card under the sun though. I would strongly recommend calling Capital One to have them reconsider the app and if that doesn't work, you may need to go the secured route. Citibank pays interest on your security deposit but they have a long secured time of 18 months. BofA is usually 12.
The only other recommendation is to app for the Walmart card (if you go there often enough to justify opening it). GECRB, the issuer, is usually pretty good about approving to lower credit scores. Your initial limit may be small, but after 4 months they typically increase it or you can request an increase online. Walmart also offers a free Trans Union 08 credit score with the card. Be careful with GECRB though, if you go too long without using the card, they lower the credit line to $124.
Good luck with the recon and let us know what happens.