Just got approved for Cap1 CC!

[CCsAreEvil]

So, I went online and went to the main page (capitalone.com). Under "Top Requests", I chose "See if you pre-qualify for a card". The next page asks you to punch in a few pieces of info. It even states it's not an official CC app. This is what came back:

Here's what we found
CCsAreEvil, here's an offer that might interest you.

Capital One Classic Platinum
[ APPLY NOW ] <-- button

Purchase APR: 0% until November 2010 - 16.9% variable after that
Transfer Information: 16.9% variable
No Transfer Fee
Annual Fee: $39

Is it supposed to actually say "You are pre-approved for" or some flavor of language like that? I have not applied yet.

[whipster1]

Thanks! I BK'd them but would like to get another card since they treated me so well pre-BK.

[mom2three09]

Did you get something in the mail or did you get pre-approved on the website?

For us we just applied online and got the 7-10 day thing. Then about a week later we received an email saying our new card was on the way. Received the card today and got a $500 credit limit. That's a higher starting limit then what we got before we filed BK

Oops wait... we did get a pre-approval letter in the mail about 3 wks ago ... tried applying on their website but dh had Experian frozen so they weren't able to give us an answer. We unfroze his experian file and then re-applied (but didn't use the pre-approval letter because I had accidentally thrown it away already).

[whipster1]

Did you get something in the mail or did you get pre-approved on the website?

[mom2three09]

We bk'd a cap1 CC (was just discharged Nov.09) and were just approved for the Classic Platinum with the following:

Rates and Fees Term Details

Purchase APR: 0% until November 2010
16.9% variable after that
Transfer Information: 16.9% variable
No Transfer Fee

Annual Fee: $39

Don't know the credit limit as of yet. Will update once I know.

[ChaseDidThis]

Interest rate should not matter if you pay your bill down to 0 every month. Annual fee does matter.

I don't know why people care what their interest rates are since you should not be carrying balances. Something we all should've learned since we all went BK.

Logan

Completely agree, the best card I ever had was an AMEX that I had to pay in full every month.

[Smalls]

I just applied with Cap One and got approved. I have no idea how much my credit line is though. I already have a secured CC with Public Savings Bank that's I've been using for 6 months.

Chapter 7 Discharge 06/2009
Trans 649
Equifax 632
Experian 645

[mand15]

i took out an auto loan thru cap one about 4 mos ago and they keep sending me cc offers. i've declined them due to the ann fee $69 and enrollment fee $69. i could live with one but not both.

what cards have you guys had luck with. i'm about 6 mos post discharge and have my auto loan i have paid since oct on so it's probably too soon to get anything without all the fees.

[Logan]

I'm sure you're right Logan. I set my sights too high and should have known better. If having to work a little harder to get credit to rebuild and pay higher int rates is the price for the peace of mind I have now post discharge, I'm good with that.

Interest rate should not matter if you pay your bill down to 0 every month. Annual fee does matter.

I don't know why people care what their interest rates are since you should not be carrying balances. Something we all should've learned since we all went BK.

Logan

[Amy26]

Capital One won't touch me either...but the hooters card I have has no annual fee or anything and the interest rate is reasonable. Have you tried them?

[deepend]

I'm sure you're right Logan. I set my sights too high and should have known better. If having to work a little harder to get credit to rebuild and pay higher int rates is the price for the peace of mind I have now post discharge, I'm good with that.

[Logan]

Cap1 sent me an offer in the mail for a CC and I did the online application using the information in the offer and was declined. I just discharged, didn't have a cap1 card in the bk but cosigned my daughter's car that was financed by cap1.
It's a little early to apply I think, the ink is hardly dry on my discharge but the offer was no annual fee 17% int, so I thought I'd give it a try.
I'll find the right card to start rebuilding credit; guess it won't be cap1

It appears that the people that are approved for Capital One are all paying an annual fee. I would assume that the no annual fee and lower interest card that you applied for will go to the better credit people.

Logan

[deepend]

Cap1 sent me an offer in the mail for a CC and I did the online application using the information in the offer and was declined. I just discharged, didn't have a cap1 card in the bk but cosigned my daughter's car that was financed by cap1.
It's a little early to apply I think, the ink is hardly dry on my discharge but the offer was no annual fee 17% int, so I thought I'd give it a try.
I'll find the right card to start rebuilding credit; guess it won't be cap1

[mand15]

i was able to get a used car loan around 13.99% less than a month after discharge. cap one. i put $4K down and a good friend worked in the f and i dept and had a good relationship with one of her loan guys. i am ok with that for now.

my discharge was in aug 09 and i haven't applied for any cc's yet. i can't bring myself to pay the $39 annual fee and some additional charge around $39 without even using the card. i'll give in eventually.

[missemo]

I was also approved for a Capitol one card today!!!
$1000 credit line
$35.00 fee
Interest rate is at 8% till 2011
Good luck to all.