Capital One Approval $100,000 :-)

Question

Yes, no joke!  Approved for both Venture and Quicksilver - $50,000 each (12.9% APR on both). I began the process of purging/consolidating tradelines about 3-4 weeks ago which included closing the Beaver CC (R.I.P.), some older Comenity & SYNCB CCs and a few others that got some benefits stripped away and no longer fit my long-term strategy (~$50K of closed accounts).  My strategy also included the successful consolidation of 3 older Capital One CCs into one.  Thanks to baller4life for the Capital One thread and for her guidance, support and encouragement throughout the whole process ! So, I went ahead and applied for QS/Venture on 7/12, which yielded the 7-10 day message for each (no big deal if denied).  I did not call them and decided to wait it out.  On 7/16, the verifications department contacted me to finalize verification on both applications (no approval/denial at that point).  Since I had nothing to lose, why not?   On 7/17, I was notified both applications were approved.  I really had to ask the agent 2x if her screen information was correct since I never expected to be approved for both at such high SLs (I was assuming they may be tightening up)!  I received both letters on Saturday followed by email confirmations.  This resulted in only 1 HP per CR (EX and TU pulled on 7/12 and EQ on 7/16).  Scores above ~800. Do I recommend what I did for everyone to follow suit? Absolutely not! (Unless your overall profile, income, usage, etc. supports it!).  I'm only sharing my experience and hopefully this thread won't incite negative comments about Capital One   Overall and IME, Capital One has been a decent bank since I've never had any issues dating back to the late 90's.  Plus, these new cards will come in handy for my next overseas trips.                   

Answer 1

FinStar wrote:
Yes, no joke!  Approved for both Venture and Quicksilver - $50,000 each (12.9% APR on both). I began the process of purging/consolidating tradelines about 3-4 weeks ago which included closing the Beaver CC (R.I.P.), some older Comenity & SYNCB CCs and a few others that got some benefits stripped away and no longer fit my long-term strategy (~$50K of closed accounts).  My strategy also included the successful consolidation of 3 older Capital One CCs into one.  Thanks to baller4life for the Capital One thread and for her guidance, support and encouragement throughout the whole process ! So, I went ahead and applied for QS/Venture on 7/12, which yielded the 7-10 day message for each (no big deal if denied).  I did not call them and decided to wait it out.  On 7/16, the verifications department contacted me to finalize verification on both applications (no approval/denial at that point).  Since I had nothing to lose, why not?   On 7/17, I was notified both applications were approved.  I really had to ask the agent 2x if her screen information was correct since I never expected to be approved for both at such high SLs (I was assuming they may be tightening up)!  I received both letters on Saturday followed by email confirmations.  This resulted in only 1 HP per CR (EX and TU pulled on 7/12 and EQ on 7/16).  Scores above ~800. Do I recommend what I did for everyone to follow suit? Absolutely not! (Unless your overall profile, income, usage, etc. supports it!).  I'm only sharing my experience and hopefully this thread won't incite negative comments about Capital One   Overall and IME, Capital One has been a decent bank since I've never had any issues dating back to the late 90's.  Plus, these new cards will come in handy for my next overseas trips.                    FABULOUS....congratulations!! ps..............I am still gonna post my puny Venture One I just got approved for! Lol!