Capital One - Applied on Line unable to give decision must wait 10-14 days

Princess_Fiona_2

Has anyone else had this message when they have applied for Capital One Credit card? PF

icebergx

Sorry to say this but you've been refused.
Happened to me too even though I've never been in trouble financially and have a few grand in the bank. I've applied to Experian to get my credit report because it sounds a bit fishy to me. I recommend you do the same thing.

T.K.Maxx

Princess_Fiona wrote:

Has anyone else had this message when they have applied for Capital One Credit card? PF

Hi, When I applied ages ago, the same happened to me, they did offer me a card at 0% for 6 months but was a low credit rate, i accepted used it, and then closed the a/c before the end.

d.ylan

I also had this problem when applying for the 6.9% card. I received a written refusal. I then requested both my experian and equifax reports, on checking these, the experian one had two minor errors which the equifax one did not.

I queried these inconsistencies and they were resolved, and then I wrote to Capital One's manual review center asking them to reconsider due to the flawed data they had made the original decision on, and my flawless credit history with only a mortgage and one existing cc (barclaycard) which I was planning on ditching for the 6.9% capital one, i did specifically mention that I was not in any way interested in any of their other products except the 6.9% card.

One trick I also use is to accept the payment protection insurance on the application forms, and then cancel it immediately upon acceptance of the product - only because a) it's a lot less hassle, b) not sure if its completely accurate, but to me it seems I'm more likely to get a decent rate product if you play their own game and tempt them with another revenue source such as taking out the PP insurance. - dont forget to cancel swiftly though.

On this, I'd highly suggest as the other posters did, that you get your credit histories (both of them), and scour it, and then write to the address Capital One supply for manual reconsiderations explaining your case for reconsideration.

good luck

desiman

I applied for a card on behalf of another family member of mine the other day and got this message. It was for who has a somewhat flawed credit history, so it could be likely hes been rejected..

Penny-Pincher!!

OH did this a few months back and was accepted, just took a little longer to process, but he got accepted with a good credit limit.

PP
xx

Dave_the_Ginger_Cat

Don't panic.

An off-line decision could just mean they want some more information. They will turn it around pretty quickly for you as it means business for them, and you can always get your credit record for information.

If you go to http://www.creditexpert.com, you can get your credit file for free - don't forget to cancel the subscription after 30 days.

boogiemaster

It dosent always mean youv'e been turned down? My wife got the 14 days notice and she got a credit card with a £1000 limit on saturday.