gakgx6

I froze my experian credit report and applied to venture one cap once card the but surprisingly got rejected. In the rejection letter it said

1. Based on your credit report from Equifax, too few or no revolving accounts have a balance
2. Based on your credit report from Trans Union, there are too many new revolving accounts

Stats
760 credit score, 2 business cap one cards, two recent applications in the last 4 months, and close to 6 figure income.

Did cap one started to target churners?

Adam1222

without knowing how many open accounts you have total, how long youve had them, and the credit limits on them, it's hard to speculate.

Boraxo

Awesome. CapOne is not to fond of charmers, they are really more of a bottom feeder as they make more money off the lower tier credit customers.

Stick with the big four if you like churning.

groundhog

Capital One closed my account for charging Visa Buxx cards and eventually blacklisted my name. When I apply for a new card they first approve the card, but then close it within few days. I hate them.

gakgx6

Thanks, everyone for your answers. Groundhog, sorry about your experience with cap one.

Total 15 open account, 2 % utilization, average age 2 years. limits on cap one bs is 5k each. Highest limit-15k on amex.

TrojanHorse

Does income even figure into the acceptance or rejection since the can't validate your income prior to acceptance or rejection or can they?

gakgx6

They definitely do not have access to your income so they just have to believe you. The most they can do is request a proof of income as additional information to process your application.

nfpa70e

There are many negatives of CapitalOne it seems. First they don't like churners and then they pull credit score from all three agencies.

txflyer77

I would imagine that churners aren't that interested in CapOne because they don't really have any cards worth churning, though perhaps my knowledge of their products is out of date.

gakgx6

Their bs card are not bad-spark miles and spark cash have 500$ cash bonus. Their personal venture one has 400$ cash bonus and at some point was even more.

In any case, I am done with them for personal accounts.

garykung

No profit potential for Cap 1.

The following concludes your denial:

You have to play smartly to churn.

nfpa70e

Can you get cash or statement credit for any of the CapOne credit cards?

wheelsup57

Just applied for the Sparks biz card, got message below. Has anyone been approved following this message?

Thanks

"We attempt to provide an application decision in 60 seconds or less. On occasion, system availability affects our ability to make a credit decision or, in some cases, we need to collect additional information. Unfortunately, we need more time to look into this for you.

Keep an eye out for additional details regarding your application via email or mail within 7-10 business days.

Until we contact you, please do not submit another application."

I applied for Sparks personal card last year, closed account sep'15.
I have excellent credit. I just googled for a reconsideration phone number, but read that one should wait for an e mail decision from Capital One.

David_

I recently tried the 2BM and applied for third Venture and a Spark Cash. Spark Cash was an instant approval for $15K. Received the above message for the Venture. The next day they pulled my credit again and about a week later I received the approval for the Venture with a $30K limit.

wheelsup57

Thanks David, hopefully a similar outcome for me. Since posting I called an application assistance number that was mention in the Captail One consolidated thread 800 625 7866. They said I have to wait 7 to 10 biz days for decision. So it appears that unlike citi chase and some others, there is no speeding things up by calling in.