Why was i declined for a capital one card, if the card i applied for was one with no credit or a limted credit history. i have no crdit history and have never purchased anything to obtain credit. i recieved a letter from capital one saying the reason they denied was because i had missing or unavailable information on my credit report? what went wrong? and how can i be approved this time! what credit card is best for me to apply?
Date: July 10, 2008, 5:41 am
The first thing you need to do in your situation is contact the credit bureaus. You can start with requesting your free credit report at http://www.credit-land.com/
. There could have been a human error that led to this unpleasant situation. As soon as your credit report is complete you should apply for the card. Here are the cards you are likely to be approved for.Although you have been rejected by Capital One you have good chances to be approved for Capital One Standard Platinum Card since your credit report will have been fixed. Current APR for this card is 19.55%. There is no annual fee. This card gives you exclusive saving of up to 40% on featured deals and 10% on everything else at the Capital One Saving Zone on Yahoo.If you would like to apply for a different bank consider Orchard Bank Classic MasterCard. This card has very reasonable APR - 14.9%. During the first six months you will have 0% APR on all purchases. Another option is Centennial Gold MasterCard/Visa by First PREMIER Bank. This card is for consumers with bad credit that is why all applications are accepted. You will know the decision within 60 seconds if you apply online. All your information will be reported to all 4 major credit card bureaus. The APR for purchases is 9.9%.