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CAP ONE raised the AF on the Venture Card

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pizza1
Community Leader
Super Contributor

CAP ONE raised the AF on the Venture Card

Noticed it this morning while poking around.... AF for new card holders is now $95.   Glad mine is still $59! Smiley Wink

 

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Message 1 of 115
114 REPLIES 114
Anonymous
Not applicable

Re: CAP ONE raised the AF on the Venture Card

Chase's ridiculous 5/24 on CSP is literally putting money into Capital One's pockets -- massive money.  Remember that CSP advertises as a 2X card even though it's more than 2X on travel earning->redemption.

 

So Capital One's Venture is a "2X" card but not equal to Chase's better 2X.

 

Since people can't get CSP so easily, they just go to Capital One who is happy to give everyone huge SLs.

 

$95/year is easy money for them.  Good on Capital One for profiting from Chase's jealousy.

Message 2 of 115
simplynoir
Community Leader
Mega Contributor

Re: CAP ONE raised the AF on the Venture Card

I give all the kudos to CapOne on their Venture marketing campaign that allows them to do this.

Message 3 of 115
K-in-Boston
Credit Mentor

Re: CAP ONE raised the AF on the Venture Card


@Anonymous wrote:

 

Since people can't get CSP so easily, they just go to Capital One who is happy to give everyone* huge SLs.

 

*Except for customers who have been with them for over 20 years and have perfect payment history.  Namely @K-in-Boston.  Smiley Mad

I'm sure Chase has done some extensive analysis of what they pay out to bonus-chasers and churners vs what they're losing on the 5/24 policy by locking out customers that don't fall into that category.  I wouldn't even want to guess how those numbers work out, but I am sure they are constantly reviewing it.  They seem to have doubled down on it with the new "one Sapphire product" policy, too.

Message 4 of 115
Anonymous
Not applicable

Re: CAP ONE raised the AF on the Venture Card

Now if only they'd release a Venture metal card in the shape of the Capital One Project Element card!

Message 5 of 115
kdm31091
Super Contributor

Re: CAP ONE raised the AF on the Venture Card

I understand disliking 5/24, but my guess is most who are over 5/24 are either credit hungry, chasing bonuses , or maximizing rewards by using many cards. Which is fine, but I get why Chase doesn’t want them as a customer. All they’ve done is become more strict and introduced even more rules so I don’t see it letting up anytime soon.

95 a year is a lot for a Venture Card IMO. Beyond the sign up bonus, what’s the point over a free Double Cash?
Message 6 of 115
simplynoir
Community Leader
Mega Contributor

Re: CAP ONE raised the AF on the Venture Card


@kdm31091 wrote:
95 a year is a lot for a Venture Card IMO. Beyond the sign up bonus, what’s the point over a free Double Cash?

There isn't IMO. Why I said CapOne's marketing is brilliant with this.

Message 7 of 115
K-in-Boston
Credit Mentor

Re: CAP ONE raised the AF on the Venture Card


@kdm31091 wrote:
 credit hungry
chasing bonuses
 maximizing rewards by using many cards
Message 8 of 115
Anonymous
Not applicable

Re: CAP ONE raised the AF on the Venture Card

Careful, K-in-Boston: the  is a Chase trademark, isn't it???

Message 9 of 115
atarvuzdar
Established Contributor

Re: CAP ONE raised the AF on the Venture Card


@Anonymous wrote:

Careful, K-in-Boston: the  is a Chase trademark, isn't it???


Smiley LOL

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Message 10 of 115
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