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Trying to Figure Out Capitol One

I hold two Capitol One Cards, and I've held these cards for over three years. I currently carry the Capitol One Savor and Quicksilver Card, and both have a $4,000.00 CL. I recently attempted to gain a Credit Line Increase (CLI) for both cards, and I was declined; and further, I recently applied for the Capitol One Venture X Card, and I was also declined. I have a 724 FICO Score, and my utilization across all cards is less than 3 percent. Am I just not spending enough money for Capitol One, or is something else at play?

6 comments

Comments (6)

Mark Reese

Mar 28

Hey Jim - Do you sense that you've been 'bucketed' by Capital One? Here's a video by ProudMoney that explains the concept: https://www.youtube.com/watch?v=tEX4IB1PejU

Illustrating further, Capital One is known to offer the same card in different 'buckets' (i.e. credit tiers: fair, good, great, excellent).

When you applied for the C1 Savor + C1 Quicksilver cards, do you remember if they were a 'lower tier' rather than the top tier version (i.e. 'Excellent Credit')?

Jim Chambers

Apr 09

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Replying to

Hey Mark,

Again, thank you for the Advice! In my quest to figure out Capitol One, I just canceled my Quicksilver card, which leaves me with just the Capital One Savor Card. Meanwhile, I am going to use the Savor Card atleast twice a month at various restaurants, wait 90 days, and then reapply for the Venture X Card. This time it's personal!!! 😂

Ramsey_Who?

6 ημ. πριν

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Replying to

wow, after watching that video I'm not sure I want to go with capital one next. I was going to apply with them in 5 months but I'm starting to question if I should on principal alone. Does anyone have any similar data points on approval for the "excellent" version of the savor one and Venture x? Those were the next two cards I was going to go after. I currently have a score of just under 800 at about 3% utilization with 5 cards under my belt.

Mark Reese

6 ημ. πριν

Replying to

To me, too many people get caught up by Capital One pulling all 3 bureaus and occasionally bucketing people. Personally, if there's a Capital One card I want, I just go for it provided I'm complying with any known rules and it makes sense for my strategy.