Originally Posted by SquarePeg

Stupidly added this card at the end of an app run the other day without doing any research first. Got approved for Amex PRG, BoA AS and Citi Hilton then got denied for this card. Reasons for denial:

Thank you for applying for a credit card issued by Capital One®. Unfortunately, after reviewing your application and information obtained from your consumer credit report(s) from the agencies detailed on the back of this letter - we cannot approve your request at this time.
The reason(s) for our decision are:

• Based on your credit report from Equifax, too few or no revolving accounts have a balance I use several of my cards all the time and the rest on a rotational basis so not sure what this could mean unless they were looking to see a balance on every card!

• Based on your credit report from Trans Union, there are too many new revolving accounts No way around this one, I've been busy (but not as busy as some FT'rs). 6 new in past year, 12 in past 2 years.

• Based on your application information, income is insufficient for requested credit - This makes no sense. My income is slightly above 6 figures and I have no debts other than a small mortgage. Could this be referring to my income vs. already existing credit lines from other banks?

I've never dealt with Cap One before and I guess I won't again since I don't see any of the above changing any time soon. And, they pulled all 3 credit bureaus!

My FICO is consistently above 800. Before the other day, I had been on a self imposed 6 month app hiatus so I thought I was in good shape for an app run. I guess I would have known that about the 3 pulls if I had done my usual research but after seeing the PRG 50K no AF $100 airline credit offer, and the BoA 25K $100 statement credit offer, I jumped the gun and then quickly added Citi and CapOne to round it out.