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? Platinum 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. Thanks.
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. Deb
FYI: 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.
