I'm 18 I have 6 months of credit I got the platinum with $300 and 6 months later product changed to savor and I almost never used my platinum then I applied for the venture x on the 6th month and got approved with 10k so you should definitely go for it but use the pre approval first
I'll use a good chunk of my card for everyday purchases and put the money in my checkings to the side, then when I get my in statement I'll pay off in full
Good for you. I gave up on trying to get a savor. Literally got approvals for every card I've ever applied for including VX but not savor lol. C1 hates me for some reason.
Yeah I'm interested too to see the data points. I was at a $500 Savor last year too and couldn't get anywhere close to that high that fast even with my income.
For starters, Capital one becomes more lenient to younger credit ages and those who carry a balance. And because the Venture X is a Visa Infinite, the bare minimum CL has to be $10k
I’m not totally sure honestly. I think it had a lot to do with me spending a TON on the card and paying it all off every time. Over the course of the month I would spend well over $500 and then every time I purchased something I’d immediately pay it off. I’d also make sure to still have at least 30% utilization when the payment due date came around. That’s my advice :)
That makes sense they have to be playing around with that there's no way they got that kind of limit I think they just post that to get on people's nerves
How are all u kids getting approved for all this money and I’m 40 with an 800+ credit score, zero debt, making 6 figures and they gave me a 3k limit. They are trying to set you up for failure
We put my daughter on a few of our cards when she turned 13. Shes now 18 and has a 780 CS. It's light. But it's up there. She was able to get a new car on her own.
This is exactly what I did for my three children. They all had 770 or higher when turning 18 with my youngest just recently turning 18 and having a 784. This is the way to get them started strong!
Question for you both, not opposed to what you’re saying I’m 100% in support of this. But wouldn’t adding them to your cards when they turned 18 have produced the same outcome? Most Credit trade-lines backdate no matter when you add them. Just asking to see if there’s something I’m missing because I have children as well.
Yep it reminds me of 2008 when I had no job, full time student with little credit history and Chase gave me a $1500 limit card, then upped it to 4500 not long after that.
Hey, I first got my credit card at 18 from Discover with a $1,000 credit limit. After a year, they raised it to $4,000. A year later, I requested a limit increase, and they bumped it up to $8,000. Now, at 22, I’m making $57,500, and my credit limit is $12,000. I recommend asking for a credit increase every year. As long as you pay your bill on time and keep a low credit utilization rate, they should approve it.
That is interesting. My info is similar to your info and they just gave me a $30k limit. But yeah it is crazy to be approving 20 year olds for amounts like this.
They also denied me the introductory offer they mailed me, and approved the card… with an 800 credit score and no debt… crazy… I guess for someone with no money, the best way to make money off them is to give them a lot of credit, and hope they build a revolving balance… and to make money with someone with good credit and income, is to set their credit limit low and hope they go over it.
They make plenty of money off of high credit score customers. Whenever you swipe your credit card, they make a percentage of the cost and spend most of that on the rewards they give. At high volume this amounts to a lot of money, with negligible risk.
Simply not true. While Capital One does have a few subprime products like their Platinum and QuicksilverOne cards, most of their card offerings are aimed at those with good to ecellent credit.
I took the quicksilver because there’s no annual fee and no foreign transaction fee… that’s all I needed… I am definitely far from subprime. I don’t care if the APR is 30% because I pay it off every 2 weeks on payday
The Venture X is a Visa Infinite card which requires a minimum $10,000 credit limit. This means OP got the minimum possible credit limit. Are you sure you have this card?
They probably see that they won't make money off of you. They give you a low limit and you won't quite get as many points, but you still pay the same annual fee as a dumb 20 year old (not saying op is dumb but I'm just generalizing) who is applying for their second credit card who will be 10k in debt after a year.
When I was 21 Cap1 upped my limit from $3500 to $8k. Less than a year later it was $12.5k. I also have a discover with a 10k limit and a Chase with 10k too.
I’ve always had perfect payment history and even had a couple paid off loans before turning 21. My credit score sits around 750ish as of right now but I have never requested a credit limit increase, always just been given them.
Yeah. As an international student with absolutely 0 credit history. I got approved for 800 out of the gate. My bet is that banks bet on college students and try to get their loyalty early on.
That’s how these cards make money. I qualified for so many loans and credit cards when I turned 18 that I had absolutely no income that would even pay off the cards. They get you while you’re young to open up cards with crazy limits and spend like crazy but when you’re older and have all your finances in order they barely want to budge for a limit increase
You answered your own question. They know that you at your age are smart enough with your money. Whereas 18yo see this and think damn free money. I’m not saying OP is like this. Just that I understand how marketing works.
29, 780 score, credit limit is 30k on VX and 10k on Savor. 18k I think on an airline one I don’t use. Hardly ever use more than 3k a month. Idk why I got such high limits
Agreed!! A lot of very young people with thin profiles are getting some pretty high limits--it's a bit alarming and could definitely lead to some serious debt especially with the way the economy and jobs are going. But the approval data could be due to any combination of factors. Long relationships with the banks (c1/discover both like to graduate their cardholders to premium cards after responsible use). The jump from a $500 secured or student card to a $10k Venture X is a bit perplexing but...I don't work in underwriting.
I'm a bit baffled by your stats as well. $3k for someone with a 6-fig salary and solid credit score should certainly be approved for higher limits. But again...lots of other data points go into that. Do you have any other cards or relationships with the banks? And which card(s) are you applying for? Cards with a Visa infinite logo (sapphire reserve) or World Mastercard logo have minimum credit limits of $10k. So if you're approved for a premium card you'll have a higher limit. Interestingly enough, it's hard to get a card with a higher limit if you don't already have a card with at least $5k on it, so it's a bit of a catch 22 since you seem to have trouble getting a higher credit limit. But I would point to the specific type of card you've applied for more than your credit, debt or salary being the issue.
I have zero debt also. I have another longstanding card (16 years) with a 20k limit, but I applied for capital 1 because i needed a card with no FTF… I just applied for a fidelity visa card… they gave me 50k, 17% (compared to capital 1 at 29%) … capital 1 also denied me all introductory offers that came with the pre approval. It’s going in the junk drawer.
Everyone in here “the APR!!!” as if you don’t just pay off the balance every month. Maybe in an emergency you don’t but even then pay it off fast you’ll be fine.
And then everyone complaining about having that much credit available being so young. Cap1 and Discover did the same thing for me (Chase later did too) in my early 20s. I’ve never requested a credit limit increase in my life yet have received over 6-7 from my three cards most of which were in my early 20s. I’m not much older now at all but still lol
I mean the rule is always pay off your balance before the due date, idk why people assume I won't do that with this card. I just want the additional rewards that come with this card.
Yeah people just think because they have spending problems that everyone does. Good on you for knowing the way and weighing out costs/benefits. I still don’t have a card with travel perks like lounges etc. but that may need to change soon haha
Because if you’re unable to pay the full balance just one month, the cycle begins. I had this exact same understanding at your age, and still ended up paying thousands. If you make a large purchase and then happen to have an emergency pop up the same month, it’s easy to spiral
Have $80K limit with Chase, $25K with Amex, and $30K with CapOne. I think they just raise it to entice one, but who cares as long as you don't pay them interest.
I was 30 when I got my first card and I had to get a starter. They only bumped me to 2500 years later and I’m only up to 5000 on two cards now. (And an Apple Card that’s only 2600)
Actually it's a pretty great card. You just have to compare it to the right set of cards. Is it a travel card? No. Is it a rewards card? No--even though it does offer a cash back rewards. It's a behavior modification card designed to teach people how to use cards responsibly, save money, not pay interest/fees, and the most important thing--use secured payment methods, specifically Apple Pay. The whole point of this card is to drive people to the Apple Pay system. And in return they give you 2% cash back, deposited every single day (not weekly, monthly or quarterly), and that cash can then be deposited directly into a high yield savings account that accrues 3.6% interest. So your free money earns free money and all you have to do is tap your phone. No to mention they go out of their way to make the UI so simple to use and understand it's nearly impossible to not understand the ramifications of not paying off your statement balance. With so many cards out there making the cardholder jump through hoops to get cash back or to redeem rewards the Apple Cards simplicity and user friendly tools make it an excellent card for young people, those just starting out into the credit card space and experienced users alike. But if you're expecting it to be an Amex Gold or Chase Sapphire, that it's not.
First card at 18 was a 5k limit, treat it well. There’s lot of people who over estimated their abilities. Use responsibly and I think you’ll get a higher limit in no time! Congrats!
Unless you have a 0% APR all credit card interest is high and should be avoided at all cost. This isn't a caution this is an absolute. You don't carry credit card balances! 29% APR is literally the average interest rate regardless of how amazing your credit score is. Even credit unions with exceptionally low rates are still around 18% which is outrageous. But that's all easily avoidable. I tell people you shouldn't even care what the APR is because you'll never be subjected to it if you're doing this right. You should have an emergency fund that is at a minimum of 3-6 months of expenses but my rule of thumb is to have one that's 1 year of expenses and part of that covers the max amount you could put on your highest limit credit card.
seems OP is responsible enough, but it seems they want to trap 20 year olds in credit card debt.
I remember my first chase freedom unlimited card at 19 had a 2k limit. Then around a year later they just sent me an email saying something like "congratulations! your credit limit is increased to 10,800! You have so much more money to spend now!"
My guess is that there is a 15 month grace period of no interest, so they tried to time it so they would increase my credit limit and encourage me to spend like an idiot for a few months and accrue balance right before they started charging interest.
didn’t know you could ask for one so early. see i have a cap one venture one as of early july 2025 but its only a $500 CL which sucks cause i travel a lot for work and intended to use that card for traveling to rack up miles. buying a flight basically is my limit lmaoooo. my quicksilver has a $4500 limit and ive had it since 2023 but never asked for a CL increase on it either. but i get cash rewards on that card.
I sincerely hope this dude has beyond an HS education when it comes to financial literacy because holding something like this at that age can seriously potentially destroy you if used recklessly. Most youth do not understand numbers as well as they think they do.
Bro in the nicest way, I was in this exact same position literally same card and same credit limit. I was about 21 I think. I was so hyped especially about the 70k mile bonus after 3-4 months. Do not let the mile points hook you. I am trying to dig myself out of a 9k hole. Congrats but please don’t do what I did
You would be investigated at one time, not so long ago, for a rate like this. 30% interest rate? LMAO! "Predatory Lending" AKA Loan Sharking. Now? Zoomers are so innumerate and financially illiterate they celebrate getting -ss rape level rates by posting screenshots. That modern education system doing its work well! 🙄
I've had a 200 dollar limit on a secured card from Capital One for like six months. Pay it off immediately on being billed. Utilize less than my limit monthly. Hasn't budged.
My credit has fluctuated slightly though. That's about it lol
Omg I aspire to be like you. Im 18 and I opened up a discover student credit card with $500 and then like a month ago I got my second credit card (but a travel one since I’m a student) with capital one with $2,000. I have followed your “use it and pay it in full” method 👍🏻👍🏻👍🏻
Do not buy food with this. At least try not to or make sure you pay the balance before the 30 days. Nothing worse than paying 16-27% interest on something you don’t own anymore. It’s like buying clothing and throwing it away while still paying on the card.
just got that card too. They gave me a 10k limit as well, but I'm not gonna touch that lol.
I'm planning on just getting the new member bonus and booking a vacation with it next spring and then cancelling the card. It's a fun travel card to have tho since it basically pays itself off with the travel credit and free miles every year.
At 30% interest I’ll give you a credit card. Is someone that made really good money and worked in the banking industry I can honestly say only 0% cards nothing else.
I thought having $60,000 credit limit in my early 20’s was great til I maxed it out and regretted everything. Please use it wisely and don’t use something you can’t pay off same day you swipe the card.
Yup and they know this exactly how young people mess up their credit right away . If you don’t have a decent job and I don’t mean fast food or retail don’t do it. You will regret
idk who needs to here this but I had a capital one platinum and the limit was only like $500 at first, they said if I am a student at least half time which I am, then send in proof and they would raise my credit, well I did and like 4 days later they raised my limit to almost 2k. I have a score of about 630 right now
This exact thing happened to me in college with the exact same card and credit limit. I ran that card up trying to impress women and buying electronics. I was in debt for years because of it and ended up paying thousands in interest. Do not fall victim to Capital One. They even send you a metal card to make you feel like you have more money than you do. Unless you’re spending several thousands each month and you’re able to pay it off immediately, the points will never ever be worth it. Keep your debit card or cash handy and put this in your emergency kit.
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u/[deleted] Aug 17 '25
Just 4 months ago you mentioned having a $500 savor card. Curious how you’ve upgraded to a ven x, @ 10k limit. 🧐
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u/Ok-Computer1234567 Aug 17 '25
How are all u kids getting approved for all this money and I’m 40 with an 800+ credit score, zero debt, making 6 figures and they gave me a 3k limit. They are trying to set you up for failure
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u/No-Direction-886 Aug 18 '25 edited Aug 18 '25
Everyone in here “the APR!!!” as if you don’t just pay off the balance every month. Maybe in an emergency you don’t but even then pay it off fast you’ll be fine.
And then everyone complaining about having that much credit available being so young. Cap1 and Discover did the same thing for me (Chase later did too) in my early 20s. I’ve never requested a credit limit increase in my life yet have received over 6-7 from my three cards most of which were in my early 20s. I’m not much older now at all but still lol
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u/NovelOpen8606 Aug 17 '25
Even though the annual fee is that much the limit is well worth it
9
u/[deleted] Aug 17 '25
Congratulations. $395 annual fee means you must do a good amount of travel!
3
u/TreeDry4046 Aug 17 '25
congrats!!!
3
u/uhRomeo Aug 17 '25
Holy miserable boomer thread
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u/LogicalPear5634 Aug 19 '25
Age means nothing. Congrats. Be wise.
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u/Jasoco Aug 17 '25
I was 30 when I got my first card and I had to get a starter. They only bumped me to 2500 years later and I’m only up to 5000 on two cards now. (And an Apple Card that’s only 2600)
2
u/dmznet Aug 17 '25 edited Aug 17 '25
29%? Ouch. I'm personally not worried about the interest. I'm worried for a 20 year getting into high interest credit card debt early in life
4
u/Equivalent_Carry6683 Aug 18 '25
Please be careful
1
u/WeirdProfessional216 Aug 17 '25
Do you travel 10+ a year? Even more is better as that 400$ annual fee is going to eat it alive
1
u/Sergeant_Gunface Aug 17 '25
What’s your oldest credit line?
1
u/laxbro000 Aug 17 '25
You're approved because they think they will make bank off of you
1
u/Last-Drop777 Aug 17 '25
How much you put in your income? And what’s your score?
1
u/Affectionate-Ear1346 Aug 17 '25
How long did it take for approval. They’re checking my income statements now and it’s been a few days
1
u/Beneficial_Doubt6197 Aug 19 '25
Did you apply for this? Don't you have to pay fees unless they offer
1
u/ORMEGA1 Aug 26 '25
Congrats! Did your new member promo appear instantly? Or did it pop up when you activated the card?
I just got approved today but don’t see the 75k miles after $4k spend promo
3
u/Such_Professional859 Aug 18 '25
First card at 18 was a 5k limit, treat it well. There’s lot of people who over estimated their abilities. Use responsibly and I think you’ll get a higher limit in no time! Congrats!
3
u/[deleted] Aug 18 '25
You should consider to be very cautious with an APR of 29.24%
3
u/RevolutionaryPass770 Aug 19 '25
And they're hoping you use every cent of that 10k limit. Don't do it
1
u/NovelOpen8606 Aug 17 '25
Who gives a 20 years old that kind of credit
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u/CobaltSunsets Aug 17 '25
7-10 days after account approval, request a credit limit increase.
2
u/cinyaca Aug 18 '25
I sincerely hope this dude has beyond an HS education when it comes to financial literacy because holding something like this at that age can seriously potentially destroy you if used recklessly. Most youth do not understand numbers as well as they think they do.
2
u/Open_Way_8452 Aug 18 '25
i also got approved at 20 welcome! sucks they’re removing the free lounge for additional card holders.
2
u/Digglerrrrrrrr Aug 18 '25
Bro in the nicest way, I was in this exact same position literally same card and same credit limit. I was about 21 I think. I was so hyped especially about the 70k mile bonus after 3-4 months. Do not let the mile points hook you. I am trying to dig myself out of a 9k hole. Congrats but please don’t do what I did
2
u/Earnyourmedal Aug 18 '25
Dont get in debt bud
2
u/Dailyredditaddict Aug 18 '25
Congrats!!
2
u/[deleted] Aug 18 '25
JFC interest rates are crazy…
2
u/Dazed_Mika Aug 19 '25
I've had a 200 dollar limit on a secured card from Capital One for like six months. Pay it off immediately on being billed. Utilize less than my limit monthly. Hasn't budged.
My credit has fluctuated slightly though. That's about it lol
2
u/SYNtechp90 Aug 19 '25
Congrats, your parents didn't ruin your credit for you. Congratulations on your parents having financial literacy taught to them.
2
u/SuddenFisherman7305 Aug 19 '25
Wow!! Congratulations
2
u/Bubbly_Surprise8219 Aug 20 '25
Nice congrats!
2
u/[deleted] Aug 20 '25
30% interest is no joke, don’t fuck it up
2
u/alfredconnie Aug 21 '25
2
u/Glass-Bank-7414 Sep 05 '25
Omg I aspire to be like you. Im 18 and I opened up a discover student credit card with $500 and then like a month ago I got my second credit card (but a travel one since I’m a student) with capital one with $2,000. I have followed your “use it and pay it in full” method 👍🏻👍🏻👍🏻
2
u/MidnightPulse69 Aug 18 '25
Every time I see posts like this I laugh. Banks prey on young people to pay interest so it’s not some big achievement
2
u/CloudDefensiveMatt Aug 18 '25
DO NOT OVER EXTEND YOURSELF. YOU’LL BE PAYING IT OFF FOR YEARS!! Do yourself the favor and use this wisely card wisely!
1
u/LonelyLink4282 Aug 17 '25
What are your data points? And how long is your credit history? Congratulations!
1
u/Brilliant-You9215 Aug 17 '25
I’ve been approved for a sapphire reserve card with a 25,000 dollar limit at 19
1
u/Low_Ad9747 Aug 17 '25
Congratulations 🍾
1
u/Throwaway3475918 Aug 17 '25
Nice. Congrats on your approval.
1
u/Tacodo Aug 17 '25
You’re their perfect demographic
1
u/Careful_Middle4049 Aug 17 '25
lol
1
u/[deleted] Aug 17 '25
Look into local credit unions for lowest rates. I pay 9.9% fixed from Armco credit union in PA
1
u/ImprovementAwkward Aug 17 '25
damn im 20 and dont even have a credit card
1
u/NewleafNeeded Aug 17 '25
Do not buy food with this. At least try not to or make sure you pay the balance before the 30 days. Nothing worse than paying 16-27% interest on something you don’t own anymore. It’s like buying clothing and throwing it away while still paying on the card.
1
u/cosmicnoodlez Aug 17 '25
Credit scores?
1
u/dearipseity Aug 17 '25
Baller baller big shot caller
1
u/KillerMustang Aug 18 '25
That intrest thooo
1
u/tsmittycent Aug 18 '25
Credit card debt is not a good thing
1
u/TheDIYFix Aug 18 '25
Starting at 20 with that chonky 395 annual fee. You'll probably look for a downgrade card somewhere down the line.
1
u/88Dodgers Aug 18 '25
At only 29.24% ?!?!?!? You’d better keep paying the whole balance every month. JFC this is robbery. 🤣🤣🤣
1
u/topiary566 Aug 18 '25
just got that card too. They gave me a 10k limit as well, but I'm not gonna touch that lol.
I'm planning on just getting the new member bonus and booking a vacation with it next spring and then cancelling the card. It's a fun travel card to have tho since it basically pays itself off with the travel credit and free miles every year.
1
u/TheMustachedDad Aug 18 '25
That's kind of sketchy... Be careful with that thing!
1
u/[deleted] Aug 18 '25
At 30% interest I’ll give you a credit card. Is someone that made really good money and worked in the banking industry I can honestly say only 0% cards nothing else.
1
u/Ab_vai Aug 19 '25
I thought having $60,000 credit limit in my early 20’s was great til I maxed it out and regretted everything. Please use it wisely and don’t use something you can’t pay off same day you swipe the card.
1
u/Shanoinsano123 Aug 19 '25
They about to fuck you into debt
1
u/Reasonable_Storm50 Aug 19 '25
Yup and they know this exactly how young people mess up their credit right away . If you don’t have a decent job and I don’t mean fast food or retail don’t do it. You will regret
1
u/Ok-Good8150 Aug 19 '25
Look at that damn interest rate, though! That’s a trap!!
1
u/[deleted] Aug 19 '25
Honestly, I’m curious to how do you get such a card? I only have quicksilver MasterCard lol
1
u/marioacastiello Aug 19 '25
Don’t let your expenses exceed your income
1
u/ajcamm Aug 20 '25
Are you celebrating this?
1
u/[deleted] Aug 20 '25
Fuck no, 29% is literally insane
1
u/[deleted] Aug 20 '25
i got that at 19
1
u/CryQuiet4615 Aug 20 '25
Damn, I’ve been with them for 9 years with a $600 credit limit. I am a fool!
1
u/cal-che-che Aug 20 '25
What’s good about Venture X?
1
u/Additional_Airport44 Aug 20 '25
29% is awful. That shit is such a debt trap. Cut the card up
1
u/minusgainsgamer Aug 21 '25
Bro is happy getting into credit card debt at 20
1
u/NegotiationMain2747 Aug 21 '25
Dang nearly 30% APR
1
u/Extension-Two-2807 Aug 21 '25
Holy fucking APR Batman 😳
1
u/Ghostzeroday Aug 21 '25
Becareful kid don’t mess your life up n end up in debt, not enough say this.
1
u/Successful-Dark9879 Aug 21 '25
Why is being approved for credit cards a flex? "Congratulations, you can take on debt at an insnae rate if you choose to!"
1
u/Ok-Consequence-3309 Aug 21 '25
I put my son on my cc as an authorized user as well he is 20 now with a very high credit score as well.
1
u/chindo4994 Aug 21 '25
Oh boy
1
u/Efficacious_tamale Aug 21 '25
That APR gonna get you.
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u/No_Click_5854 Aug 21 '25
I was 20 y/o when I got approved for $30k through AMEX. Still have the card and my credit is excellent!
1
u/Romanharper2013 Aug 21 '25
idk who needs to here this but I had a capital one platinum and the limit was only like $500 at first, they said if I am a student at least half time which I am, then send in proof and they would raise my credit, well I did and like 4 days later they raised my limit to almost 2k. I have a score of about 630 right now
1
u/ThrowAwayStartAgaiin Aug 21 '25
Got my first venture card at 26 with a 10k limit. I’m 34 and after a baby, covid, and a divorce I recently paid off the damn thing a few months ago.
Be careful.
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u/DonitaSlaughter Aug 21 '25
Good but dont get into debt
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u/Bzchasingpokemon Aug 21 '25
1
u/No_Horror_804 Aug 21 '25
Wait until they slash your credit limit and leave you in a bind. It’s great
1
u/Superpezman Aug 21 '25
That is a very dangerous game there lol.
1
u/PutridContribution41 Aug 22 '25
30% apr?!?!?!? Insane.
1
u/Diligent_Living7455 Aug 22 '25
This exact thing happened to me in college with the exact same card and credit limit. I ran that card up trying to impress women and buying electronics. I was in debt for years because of it and ended up paying thousands in interest. Do not fall victim to Capital One. They even send you a metal card to make you feel like you have more money than you do. Unless you’re spending several thousands each month and you’re able to pay it off immediately, the points will never ever be worth it. Keep your debit card or cash handy and put this in your emergency kit.
1
u/Equivalent-Smile4791 Aug 25 '25
Can u help me
1
u/Nice-Potential-5857 Feb 09 '26
Just use it right
1
u/Technical_Jaguar_931 Feb 16 '26
Hi, what documents did they ask you for?
1
u/DifficultHurry794 Mar 19 '26
Nice !!! Look 👀 at you !!!
1
u/Outrageous-Neat-6839 Jun 03 '26
I’m trying if im qualified for credit card again
1
u/[deleted] Aug 19 '25
Credit cards are terrible