Originally Posted by
mikesyr18
Knowing you had no chance?
Anyone with an 800+ FICO should expect to be approved for a Capital One card at a high limit (unless you're over 1/6). I would've been more shocked at a denial than anything. We're not exactly talking about the JP Morgan Reserve here.
I haven't received the denial reason in the mail yet, but I suspect it will say something about the number of inquiries and accounts in the last x months. I would have been pleasantly surprised had I been approved--even with my stats.
Originally Posted by
DrRodneyMcKay
Forgive the ignorance, but if it's only one hard credit pull, why does it matter that they pull from all three bureaus? Last I checked, my reports from all three bureaus were pretty much identical.
It shouldn't matter--unless you're a *very* frequent credit card churner and are trying to manage your inquiries.
Originally Posted by
DrRodneyMcKay
Regarding balances, I do have some 0% APR cards and have recently refinanced some cc debt while I'm slowly paying off the balance (they are my moving costs from moving to my current place of residence), but I also spend about $1000/month on bills, groceries, transport, other expenses, etc that I pay off immediately after spending, and I figure I might as well earn some miles/points on purchases I'm making anyway. If I spent $3k in 3 months just doing regular spend, I don't see a good reason not to earn a bonus doing so unless I have a good reason to think I wouldn't get approved for the card in the first place.
You appear disciplined so you should be fine. Just don't put any new spend on the card(s) that are carrying balances. Put your monthly spend on card(s) that you pay your monthly statement balances in full.