"Declined... Again"
Capital One® Cash Rewards Review
Written by: bc8787 on 2013-04-20
Overall Satisfaction
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bc8787's review: 
I applied for this card after seeing another user being approved with a score less than 600. I was denied in 60 seconds. Capital one is the only card than I do not have in my wallet...oddly enough. I have every other card from american express, citi (3 of them) bank of america, bank of texas, chase, you name it. Werid they approve applicants with extremely challenged credit but wont approve an applicant like myself with 700+ fico score. Oh well, after being employed for Capital One for 2 years (i no longer work for them) I know they are en extremely odd company. Im going to stop trying with capital one. Oh, I also purchased a $42,000 truck a few weeks ago and was approved by every other bank but Cap one. They hate me I guess. lol.
I applied for this card after seeing another user being approved with a score less than 600. I was denied in 60 seconds. Capital one is the only card than I do not have in my wallet...oddly enough. I have every other card from american express, citi (3 of them) bank of america, bank of texas, chase, you name it. Werid they approve applicants with extremely challenged credit but wont approve an applicant like myself with 700+ fico score. Oh well, after being employed for Capital One for 2 years (i no longer work for them) I know they are en extremely odd company. Im going to stop trying with capital one. Oh, I also purchased a $42,000 truck a few weeks ago and was approved by every other bank but Cap one. They hate me I guess. lol.
8 Comments
Comment 1 by wanderer
Re: Declined... Again 
on 2013-04-21
You said it ... Capital One is an odd company. I have had several Business & Personal cards from them and I closed them all (CL's as high as $10,600). They are not known for growing with clients (you can read reports on FG and other sites).
Actually, I think they focus on people with challenged credit (open credit doors for those folks). People with better credit or those that have improved credit may fall outside of their focus area (poor to fair credit).
Most unfortunate as Capital One has many great card products. Time for you to move on as you have great card issuers in your wallet (remember don't leave home with out it American Express).
on 2013-04-21 You said it ... Capital One is an odd company. I have had several Business & Personal cards from them and I closed them all (CL's as high as $10,600). They are not known for growing with clients (you can read reports on FG and other sites). Actually, I think they focus on people with challenged credit (open credit doors for those folks). People with better credit or those that have improved credit may fall outside of their focus area (poor to fair credit).
Most unfortunate as Capital One has many great card products. Time for you to move on as you have great card issuers in your wallet (remember don't leave home with out it American Express).
Comment 2 by njgal
Re: Declined... Again on 2013-04-21
I guess you don't need Cap1. I do know of a few folk who did get high credit lines recently. And I think Cap1 takes into account whether you are a homeowner and how much your rent is, etc. The positive for me that could have helped me get approved is that Cap1 was the only card I had for a while, I didn't have a mortgage (own my house outright), and just have student loans. Sometimes other factors are taken into consideration. But hey, it appears you don't need Cap1. And frankly I wouldn't care about credit but for the fact that I may buy a bigger house in 2-3 years. Over the past 2 years, I was perfectly fine with using cash. Cash is king.
on 2013-04-21 I guess you don't need Cap1. I do know of a few folk who did get high credit lines recently. And I think Cap1 takes into account whether you are a homeowner and how much your rent is, etc. The positive for me that could have helped me get approved is that Cap1 was the only card I had for a while, I didn't have a mortgage (own my house outright), and just have student loans. Sometimes other factors are taken into consideration. But hey, it appears you don't need Cap1. And frankly I wouldn't care about credit but for the fact that I may buy a bigger house in 2-3 years. Over the past 2 years, I was perfectly fine with using cash. Cash is king.
Comment 3 by bc8787
Re: Declined... Again on 2013-04-23
Yes.... cash is king. But for us 99% of americans who CANNOT pay cash for everything. We need credit. And APPARENTLY you need it to for a bigger house. Final line... we all need credit. Whether we admit it to ourselves or not. Its a good thing if you manager it responsibly.
on 2013-04-23 Yes.... cash is king. But for us 99% of americans who CANNOT pay cash for everything. We need credit. And APPARENTLY you need it to for a bigger house. Final line... we all need credit. Whether we admit it to ourselves or not. Its a good thing if you manager it responsibly.
Comment 4 by njgal
Re: Declined... Again on 2013-05-02
I understand. But of you have scores upwards of 700, I am sure you can get another card. And cash is King, no one really needs credit cards. Having credit cards is a mean to get a higher score to get an auto loan and/or mortgage. Seems like you have an auto loan and with your score you could likely get a mortgage. If we are honest, folks only need 3 or 4 credit cards and an installment loan to get a good score. To be honest, I think that it just makes people feel good that they have a high credit score. I know someone who had a high score and didn't have money. That high score and high credit limits didn't do him any good during the crisis when the banks slashed his credit line. If you really, really wanted a Cap1 card sorry you were declined. But with a 700 credit score you are fine.
on 2013-05-02 I understand. But of you have scores upwards of 700, I am sure you can get another card. And cash is King, no one really needs credit cards. Having credit cards is a mean to get a higher score to get an auto loan and/or mortgage. Seems like you have an auto loan and with your score you could likely get a mortgage. If we are honest, folks only need 3 or 4 credit cards and an installment loan to get a good score. To be honest, I think that it just makes people feel good that they have a high credit score. I know someone who had a high score and didn't have money. That high score and high credit limits didn't do him any good during the crisis when the banks slashed his credit line. If you really, really wanted a Cap1 card sorry you were declined. But with a 700 credit score you are fine.
Comment 5 by njgal
Re: Declined... Again on 2013-05-02
...and I do NOT need it for a bigger house. First, I don't need a bigger house, it is a WANT. Second, I could pay cash, thanks to my cash investments in buying and flipping homes after I filed my bk and my 1st divorce. But you are right, most people need credit, but only to buy a home - not to shop at Target. With that in mind, I don't know why you were so defensive? You have a credit score of 700? That is good enough to get a loan. But like I mentioned, credit decisions are credit driven but they are also driven by other factors. Some factors are whether a person has a home or rent, income, etc. Anyway, if your dream is to get a Cap1 card, don't give up. Try again in 6 months.
on 2013-05-02 ...and I do NOT need it for a bigger house. First, I don't need a bigger house, it is a WANT. Second, I could pay cash, thanks to my cash investments in buying and flipping homes after I filed my bk and my 1st divorce. But you are right, most people need credit, but only to buy a home - not to shop at Target. With that in mind, I don't know why you were so defensive? You have a credit score of 700? That is good enough to get a loan. But like I mentioned, credit decisions are credit driven but they are also driven by other factors. Some factors are whether a person has a home or rent, income, etc. Anyway, if your dream is to get a Cap1 card, don't give up. Try again in 6 months.
Comment 6 by bc8787
Re: Declined... Again on 2013-05-05
NJgal.... I am not being defensive. I am coming back at your contradictive comments about not needing credit and that cash is king etc but then you are talking about WANTING a bigger house therefore you as WELL...WANT credit. Notice i say WANT because you CLEARLY stated you do not NEED credit. But like the REST of us you are using CREDIT.... unless you are paying CASH for that big a$$ house you want. I know what factors take into play for getting approved for a loan. I am a credit analyst for a financial institution I approve loans for a LIVING. and I DONT need a Capital One card AT ALL. I have plenty of better cards but someone like myself that yes opened up a few lines of credit to BUILD credit. Started from the bottom now Im here :) and FYI everyone needs to start somewhere, i.e your comment about the target card. WE all need to start of small before we go buy a house or a car unless you want to have a "no score" on your bureau and get and 18.00% apr on an auto loan. I would NEVER want to be denied for a loan because I have a "thin file". Lenders like to see different types of credit (auto, credit card, mortgage) on a file they love applicants with a hefty and stable file. I would approve a loan with an applicant with 20 tradelines of credit with a 700 before I would approve one with just 3 or 4. The only reason I POSTED this is to help others with their decisions on where and what to apply for just like EVERYONE else on this site. I didnt post this to have someone argue with me about my credit profile and what I chose to do with it.
on 2013-05-05 NJgal.... I am not being defensive. I am coming back at your contradictive comments about not needing credit and that cash is king etc but then you are talking about WANTING a bigger house therefore you as WELL...WANT credit. Notice i say WANT because you CLEARLY stated you do not NEED credit. But like the REST of us you are using CREDIT.... unless you are paying CASH for that big a$$ house you want. I know what factors take into play for getting approved for a loan. I am a credit analyst for a financial institution I approve loans for a LIVING. and I DONT need a Capital One card AT ALL. I have plenty of better cards but someone like myself that yes opened up a few lines of credit to BUILD credit. Started from the bottom now Im here :) and FYI everyone needs to start somewhere, i.e your comment about the target card. WE all need to start of small before we go buy a house or a car unless you want to have a "no score" on your bureau and get and 18.00% apr on an auto loan. I would NEVER want to be denied for a loan because I have a "thin file". Lenders like to see different types of credit (auto, credit card, mortgage) on a file they love applicants with a hefty and stable file. I would approve a loan with an applicant with 20 tradelines of credit with a 700 before I would approve one with just 3 or 4. The only reason I POSTED this is to help others with their decisions on where and what to apply for just like EVERYONE else on this site. I didnt post this to have someone argue with me about my credit profile and what I chose to do with it.
Comment 7 by wanderer
Re: Declined... Again on 2013-05-05
FG Members. This has been a comprehensive and detailed discussion. In the end you both pointed out different aspescts of "wants" versus "needs" along with how credit may have a role in our life decisions. For myself, I appreciate credit so I don't have to run to the bank and get cash (used to do this - a convenience per se). Other folks may not feel comfortable. I pay the bills monthly and rarely revolve debt (my choice). Coming from having ruined a great credit rating to the lowest, I can appreciate the need for a thicker credit file. After twelve years I finally was able to return to home ownership (it took me a long time since my file was virtually eliminated it was hard on a thin file). Remember FG members respect the knowledge each of you offers the rest of us and we don't want anyone to get offended over different ideas. We can learn a lot from each other. I sure have from the two of you. Thanks!
on 2013-05-05 FG Members. This has been a comprehensive and detailed discussion. In the end you both pointed out different aspescts of "wants" versus "needs" along with how credit may have a role in our life decisions. For myself, I appreciate credit so I don't have to run to the bank and get cash (used to do this - a convenience per se). Other folks may not feel comfortable. I pay the bills monthly and rarely revolve debt (my choice). Coming from having ruined a great credit rating to the lowest, I can appreciate the need for a thicker credit file. After twelve years I finally was able to return to home ownership (it took me a long time since my file was virtually eliminated it was hard on a thin file). Remember FG members respect the knowledge each of you offers the rest of us and we don't want anyone to get offended over different ideas. We can learn a lot from each other. I sure have from the two of you. Thanks!
Comment 8 by sugarhillma23
Re: Declined... Again on 2013-05-16
I was approved for this rewards card, but I believe I was on Credit Karma browsing through their cards and for some reason Capital One Cash Rewards had two different credit cards, one had better rewards and lower interest than the other, so I applied for the one with the higher interest and fees and was pleasantly approved. Maybe you applied for the wrong card, because I know there were two different options, so you might get approved for the one with the better rewards and lower interest. I have poor credit CK 587, and Credit Sesame 602. I just paid down 1/3 of my student loans and off my low credit cards of 300 and 500 limit and 2 collections that were deleted so Im hoping to see some type of improvement, but still the same for now
on 2013-05-16 I was approved for this rewards card, but I believe I was on Credit Karma browsing through their cards and for some reason Capital One Cash Rewards had two different credit cards, one had better rewards and lower interest than the other, so I applied for the one with the higher interest and fees and was pleasantly approved. Maybe you applied for the wrong card, because I know there were two different options, so you might get approved for the one with the better rewards and lower interest. I have poor credit CK 587, and Credit Sesame 602. I just paid down 1/3 of my student loans and off my low credit cards of 300 and 500 limit and 2 collections that were deleted so Im hoping to see some type of improvement, but still the same for now
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Disclaimer: This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One. Review content is powered by Finance Globe.
