Why was my Capital One Platinum application denied? This question is about the Capital One Platinum Credit Card

Why was my Capital One Platinum application denied?

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This question is about the Capital One Platinum Credit Card

Leon Denerus, WalletHub Analyst

@Leo.DC • 08/09/21 This answer was first published on 07/06/21 and it was last updated on 08/09/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Your Capital One Platinum application may have been denied for various reasons. Having too much existing debt or too low disposable income, or even having too many hard inquiries on your credit report could result in a denial.

But if you were denied for a Capital One Platinum card, you still have options. If you think something about your application needs explaining, or if your situation has changed, you can request a reconsideration by calling Capital One customer service.

Ultimately, if you still get denied, maybe you should consider applying for a secured card, improving your credit score or becoming an authorized user on someone else's account.

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How long does it take to get approved for Capital One Platinum?

You can get instantly approved for Capital One Platinum. Otherwise, it can take 7 to 10 calendar days to receive a decision about your application.

If, for some reason, you don't get a verdict immediately, you can check your application status by calling (800) 903-9177.

What credit score do you need for the Capital One Platinum card?

The credit score that you need for the Capital One Platinum Credit Card is at least 640. The Capital One Platinum Credit Card is also available to people with limited credit history, which means you may be able to get approved even without a credit score.

Other Capital One Platinum Approval Requirements

You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Capital One Platinum Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer

If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Capital One Platinum credit score requirement. You can check your credit score for free, right here on WalletHub.

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