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?

Answer Question Report Abuse

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.

Permalink Report Abuse

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.

Answer Question

People also ask

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 Capital One Platinum?

The credit score needed 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.

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 on WalletHub.

show less

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

Ask Your Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.