Capital One Classic how long

Tianlong

Apologies for dredging up an old thread :A

I've applied for the Capital One Classic card since 2006, and have been declined every time, either online, or later getting a letter by post.

I applied for a card on Wedensday night (24 Feb), and this morning I got another letter through the post. Fearing the worst, I opened it to find that it contained my PIN, my application was accepted, and my card will arrive in a few days! No word on the credit limit though, so we'll see what they decide...

Funny thing is, I'm in a worse financial position now (disability/illness preventing me from working), than I have been when applying previously! Sure, I'm on the electoral roll (for the first time in my live), but have only been in my house five months, have no other credit facilities, etc. - so I don't see what's had them changing their mind!

Careful_with_that_Axe

I'm in a similar position and had lots of debts which I was able to pay off with an inheritance. I got a Capital One card to try to start repairing my credit record. If I remember right, I think my first credit limit was £250 which I have consistently paidf off in full each mont. Now two years on, my credit limit is £1100.

woody01

Funny thing is, I'm in a worse financial position now (disability/illness preventing me from working),

Great idea getting a credit cad then..........:wall:
Will you be back in 3 months asking for advice when you can't/won't pay it?

NickX

Tianlong wrote: »

Sure, I'm on the electoral roll (for the first time in my live)

This will have had a major effect on your credit file, being on the electoral role is pretty crucial to getting a decent line of credit. I suspect it was because you were not registered that you were previously rejected.

Tianlong

woody01 wrote: »

Great idea getting a credit cad then..........:wall:
Will you be back in 3 months asking for advice when you can't/won't pay it?

No I won't, and these's no need for heads banging against walls. The difference is that my income isn't as high as some of the jobs I've been in, but it is still a stable and consistent income. I have never had any issue paying anything, I can pay this, and will pay it.

I did not apply for a credit card to spend money I don't have. I got it to buy items, pay them off right after, and improve my credit score - as I've not previously had any credit facilities.

deadthings

Don't bother explaining yourself to it. IT's only a Troll and has nothing better to do than act superior so that it feels better.

Ignore it and it will go away.

D.

woody01

deadthings wrote: »

Don't bother explaining yourself to it. IT's only a Troll and has nothing better to do than act superior so that it feels better.

Ignore it and it will go away.

D.

Which is why you are on ignore.
Keep up the amusing posts...you never know, someone my believe you are nowhere near as stupid as you sound.
You were right on one thing though, i AM superior to you (as most other things in the animal kingdom are to you also).

The difference is that my income isn't as high as some of the jobs I've been in, but it is still a stable and consistent income

Sick Pay/Benefits are not stable income. They can be withdrawn at anytime.

Tianlong

With all due respect - and I say that despite your disgraceful assumptions - whilst benefits may be withdrawn at any point, jobs can be lost at any time, and redundancies, firings, et al. can happen at any time, as well.

I'm not about to stop being disabled or ill, so there is no reason to think my income will change any - putting me in the same position as someone who could suffer any on the income-stopping setbacks listed above.

If you choose to assume that the way I receive my income dictates how I will be able to manage my finances, that is a poor choice - and a big mistake - on your part. I have never had any issue managing my finances, and - as explained - am not using a CC to borrow money I don't have. I'm simply commenting on my experiences with Capital One, in this case relating to timeframes involving application and further acceptance/refusal.

And, moving off-topic for a moment, saying you're superior to someone will do no you favours -neither will assuming things of strangers. Just an FYI