Luckily I was indeed able to complete the verification on the phone. And this is how long the call took.Ģ:42 was the hold time for a rep to answer 18 minutes was for the call itself. She indicated I’d want to call 1-86, so that is what I did. Of course, I called back in 24-48 hours 😉 She said I could wait for a letter in the mail in 7-14 days, or I could call back in 24-48 hours. The problem, it turned out, was that her system didn’t yet show what information they needed and if it would be something I could provide by phone. It just looks like we need some information to verify your identity.” While I found it odd, since I have another existing Spark account and all the info matches, I said it would be no problem. She was well into her response about how I shouldn’t take a denial personally, etc and then she stopped and said “Oh, you know, you weren’t denied. This call had a 45 minute hold time.Ĭapital One is still clearly denying a lot of people. I called 1-80 and got a very helpful agent who looked up my application by my SSN, since I hadn’t been given an application number.
But you can still call and ask what’s up. Now, Capital One does not do “reconsideration” in the way that we normally think of reconsideration with Chase or Citi or most issuers. This is a standard step in our application process and we’ll be in touch shortly with more information. And then the reply…ĭavid, we’re in the process of reviewing your application. All three bureaus notified me of the hard inquiry. And like I mentioned, I could transfer that to my Spark Miles and then transfer to an airline program if I want (2:1.5 in most cases). Talk about customer acquisition cost optimization 😉 The early spend bonus on a new Capital One Spark Cash for Business is $500 when you spend $4,500 in your first 3 months. (I also got the World of Hyatt card this week.)Īnd, let’s be honest, this meant that Capital One would be giving me $500 to open the new account (which would have the new added benefit of not reporting to personal credit) vs. They’ve opened back up in the last 2-3 months, though, and it no longer feels risky to grab new cards. I let it go until now because I haven’t been too keen on applying for new cards during the worst of the pandemic’s impact on credit markets. I was welcome to apply for a new one, however. I called within a few minutes of getting the notice and was informed that it could not be reopened. When Capital One closed my old Spark Cash I was pretty annoyed. In fact, I’d always wanted to spend more on my Spark cards, but held back because I hate how it historically reported to your personal credit profile, making your overall utilization look higher and knocking down your score as a result. I’d spent on my Spark Miles, but not my Spark Cash. But earlier this year, Capital One closed my Spark Cash card for inactivity. And I had a permanent annual fee waiver on my Spark Cash, as I describe in this article. Now, I’ve had a Spark Cash for a long, long time. (Side note: Capital One does still ding all three credit bureaus when checking your credit which is also very annoying – no other bank feels that need.)
CAPITAL ONE SPARK LOGIN FULL
(If you just have a Spark Miles, you cannot cash out for cash at full value.) This means that having both the Spark Cash and the Spark Miles card allows you a sort of optionality where you can redeem for cash any time or redeem for frequent flyer miles any time. Additionally, you can transfer your accrued Cash to a Capital One Spark Miles card.
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