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CAP ONE raised the AF on the Venture Card

Community Leader
Super Contributor

Re: CAP ONE raised the AF on the Venture Card

Im assuming that folks who already have the Venture card are grandfathered in to the prior AF ($59), like me. If I get a notice that they are raising the AF on current card holders, I will PC to the QS.
(BK7 d/c-08/2013/FICO-400's) ~ 07/2017 FICO 08- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink
Message 21 of 93
Contributor

Re: CAP ONE raised the AF on the Venture Card


ABCD2199 wrote:

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.


Right, and why would you pay $95 AF on 2x everything when a card like $0 AF Citi DC exists.

There is no real competition when it come to this card. 

You're paying 95 a year for a worthless slab of metal. 

FICO 8 as of 01/11/2018; EQ: 726 TU: 729 EX: 737
Inquires: EQ: 4 TU: 3 EX: 5| AAoA: 1y 4m
Amex PR Gold & Green: NPSL
Amex BCP: $6000| BofA Cash Rewards VS: $17200| DIscover It: $4800| Citi DC WE: $3000| BJ's Perks Elite (Comenity): $7400| Chase Freedom: $2000| Samsung Financing (TD Bank): $7500| USAA Rate Advantage: $6000| Macy's Store Card: $7500| Kay (Comenity): $1800| Capital One QSO: $500.

Banks that will not have any more of my business: Synchrony and Capital One
Message 22 of 93
Frequent Contributor

Re: CAP ONE raised the AF on the Venture Card

They must really want it to become just a "churn" card if they're raising the annual fee







  12/2017         11/2017       11/2017        10/2017         10/2017         08/2017         08/2017         08/2017        05/2017

Fico8 Dec 17 Exp 729, EQ 724, TU 740,
Started fresh in 2017
In the garden until AAoA is over 1 year
Message 23 of 93
Established Contributor

Re: CAP ONE raised the AF on the Venture Card

$500 not $400 sign up bonus though

credit rebuild started 01/01/14
$100k credit card goal achieved 10/01/17
now in the garden with $127k in credit cards
--------------------------------------------------------------------------------------------------
  $ 30,000          $ 25,500          $ 23,750              $ 9,000            $ 3,300            $ 1,800     

 
  $ 17,000          $ 10,000              $ 4,000            $ 2,300     
Message 24 of 93
Moderator

Re: CAP ONE raised the AF on the Venture Card


mfrizz92 wrote:

ABCD2199 wrote:

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.


Right, and why would you pay $95 AF on 2x everything when a card like $0 AF Citi DC exists.

There is no real competition when it come to this card. 

You're paying 95 a year for a worthless slab of metal. 


Fee for foreign purchases – 3% of the U.S. dollar amount of each purchase.

 

Because of that on the DC.  As others have intimated this is a competitor vs the CSP and similar offerings from Barclays/Amex et al.  Citi DC is a different beast for a different type of consumer... for all that we blend it altogether here.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)


Take the myFICO Fitness Challenge
Message 25 of 93
Established Contributor

Re: CAP ONE raised the AF on the Venture Card

Can you transfer miles between cap one cards or do you have to use them on that card?  I have a bunch of miles on the Venture One, but thinking about grabbing this and would like to throw the miles onto my venture one, then close the new card at 11 months.

Message 26 of 93
Valued Contributor

Re: CAP ONE raised the AF on the Venture Card

USAA Limitless, 2.5% cash back, no FTF... I know it's availablity is very narrow but it was a card that existed. 

PenFed Cash rewards, 2% cash back, no FTF, no AF. 

Alliant 2.5% and 3% cash back, no FTF, $59 annual fee (waived the first year). 

Paypal 2% cash back, no FTF, no AF. 

 

Capital One doesn't make their card appealing to loyalists, or at least educated ones. 

 

Amazon Store Card - 3.7k / AMEX Blue Cash Preferred - 1k / AMEX Delta - 3.4k / AMEX Hilton Honors - 1.2K / Capital One Quicksilver - 15k / Citi ThankYou Premier - 5.6k / Citi AT&T 4.6k / Citi AAdvantage Platinum - 6.5k / Citi Simplicity - 4.6k / Empower MasterCard - 1k / Navy Federal Flagship - 10k / USAA Limitless - 5k / USAA Rate Advantage - 2k (previously 5k)
Message 27 of 93
Regular Contributor

Re: CAP ONE raised the AF on the Venture Card

I recently asked this question as was told yes, between the 2 Venture cards you can transfer miles.
Rebuild Started: May 2017 (Fico 500’s)
Current Scores: EQ786, TU791, EX784
Goals: Fico > 800’s & 100k in Credit


      $500              $800            $10,000
Message 28 of 93
Established Contributor

Re: CAP ONE raised the AF on the Venture Card


brickie74 wrote:
I recently asked this question as was told yes, between the 2 Venture cards you can.

Transfer miles?

Message 29 of 93
Regular Contributor

Re: CAP ONE raised the AF on the Venture Card

Correct. I’ve been thinking about going for the Venture One when Cap One offers a nice sign in bonus. I would then transfer miles from V to V1.
Before the annual fee kicks in on my Venture card, i’ll possibly PC to QS.
Rebuild Started: May 2017 (Fico 500’s)
Current Scores: EQ786, TU791, EX784
Goals: Fico > 800’s & 100k in Credit


      $500              $800            $10,000
Message 30 of 93