Help! Should I apply?

Discussion in 'Credit Talk' started by Shirley, Aug 16, 2001.

  1. Shirley

    Shirley Well-Known Member

    I am wanting very badly to apply for a Cap 1 Gold Visa card. I'm sure with my credit history I'll get the minimum but I don't care. I want to start rebuilding by using them for necessary things like holiday shopping and such.

    I applied for a Kmart card about 3 weeks ago and got that card which is really a Cap 1 Mastercard in addition to being a Kmart card. There's a $300 limit for Kmart and $200 for regular Mastercard purchases.

    Cap 1 did a hard inquiry for this card and I'm wondering if they will do another one for this application.

    I used their Cardquest feature to see which card was best for me to apply for and one of the questions was:

    What other major credit card do you have?

    Gold or Classic
    No other card

    Is this Kmart Cap 1 Mastercard considered a classic card? Does checking that off reduce the chance that they will pull a report again. Will they run me in their system first before pulling the report to see that I already have a Cap 1 card?

    I'm hesitant to apply if it's going to result in another inquiry.

  2. Debmac

    Debmac Well-Known Member

    I think the KMart card is considered Classic, but DON"T apply for another Cap 1 yet. I did within 30 days of getting my Cap1 Classic, and was denied.

  3. Shirley

    Shirley Well-Known Member


    I just called and spoke to a very nice lady at Cap 1. She said you have to wait 45 days before applying for another Cap 1 card and that each application will result in a hard inquiry.
  4. ble103

    ble103 Well-Known Member

    The k-mart mastercard from capital one is a "co-branded card" not considered as a classic,gold,etc.

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