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Established Member
Posts: 11
Registered: ‎06-12-2017

Approved for Capital One Venture One with 648 Experian Score

I was approved for a Capital One Venture One Card.  Even more I was shocked that I was given a $20K credit limit.  I actually received the card over the weekend.

 

Today I received the actual approval welcome letter and it showed me the credit score and APR.  While my Experian FICO 8 Score at time of approval was over 750+ the Experian Score on the Credit Score Disclosure Notice was 648.  I am assuming they used my FICO Score 3 which is commonly used in credit card lending because my Experian Score has been in the 700s for a while now. I was very surprised that they used the FICO Score 3 but even more surprised I was given a $20K limit and a 0% introductory APR for the first 12 months and a 12.99% APR after that.

 

Is a 648 Experian FICO Score 3 good?  I will take the low APR but surprised if they are scoring me at 648.

 

Very happy but still surprised.  Thoughts?

What’s in my Wallet: Capital One VentureOne 20K | BankAmericard MC 11K |Amex Hilton HHonors 6.8K | Chase Southwest Rapid Rewards 4.5K |
In sock drawer: Amex | Capital One Quicksilver 3.5K | Capital One Platinum MasterCard 3.5K
FICO Score 8 (7/11/17): EQ 740 | TU 743 | EX 738 Goal: 750+ across the board
Valued Contributor
Posts: 1,486
Registered: ‎07-13-2016

Re: Approved for Capital One Venture One with 648 Experian Score

Congrats on your approval and CL! 

BK 5-2012 Revolving Rebuild Started 6-2016
AMEX ED & SPG | BOA CR | PenFed PR & CR | NFCU FS | Discover IT | Cap1 QS & VENTURE | LOWES | Barclays AVIATOR
Established Contributor
Posts: 813
Registered: ‎10-12-2016

Re: Approved for Capital One Venture One with 648 Experian Score

All I want to say is 2 words

 

WOW Congratulations!!!!!!!!!!!!!!!

Frequent Contributor
Posts: 313
Registered: ‎12-24-2015

Re: Approved for Capital One Venture One with 648 Experian Score

Congratulations
Senior Contributor
Posts: 8,938
Registered: ‎04-23-2016

Re: Approved for Capital One Venture One with 648 Experian Score

648= 20k so obviously a good numberSmiley Happy Never look a gift horse in the mouth.... Big gratsSmiley Happy
Contributor
Posts: 151
Registered: ‎10-26-2015

Re: Approved for Capital One Venture One with 648 Experian Score

No clue on the scoring models personally, but wow, congrats and enjoy!

Community Leader
Super Contributor
Posts: 14,073
Registered: ‎04-16-2014

Re: Approved for Capital One Venture One with 648 Experian Score

Mortgage scores they use..  Grats on your very nice approval and terms!

Chase | Citibank | Amex | BofA | PenFed | NFCU | Discover | US Bank | Fifth Third Bank | FNBO

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