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CAP ONE raised the AF on the Venture Card

Regular Contributor

Re: CAP ONE raised the AF on the Venture Card

Personally, I think those are great reasons to be happy with CapOne. I'm very pleased with CapOne myself.

I'm not sure if you are aware of this, but CapOne has Cafe's in certain cities. I think you would enjoy visiting one if it's nearby.

I stopped in there today to pay my bill & have a coffee, it had a good vibe to it.

The staff was super friendly and there are bankers available if a person needs any sort of assistance.

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Rebuild Started: May 2017 (Fico 500’s)
Current Scores: EQ786, TU791, EX784
Goals: Fico > 800’s & 100k in Credit


      $500              $800            $10,000
Message 81 of 93
Established Contributor

Re: CAP ONE raised the AF on the Venture Card


Chi-townBrickie wrote:

Personally, I think those are great reasons to be happy with CapOne. I'm very pleased with CapOne myself.

I'm not sure if you are aware of this, but CapOne has Cafe's in certain cities. I think you would enjoy visiting one if it's nearby.

I stopped in there today to pay my bill & have a coffee, it had a good vibe to it.

The staff was super friendly and there are bankers available if a person needs any sort of assistance.

 


I hope they keep building these out... I have yet to visit one. How large are the buildings inside? There's one branch near me which has a huge building but is mostly empty desks inside.


TU FICO 8: 734 (12/17) — Ex FICO 8: 738 (1/18)
Message 82 of 93
Established Contributor

Re: CAP ONE raised the AF on the Venture Card


mountaindewvoltage wrote:

Shooting-For-800 wrote:

I like Venture and QuickSilver and Capital One.

I have no problem with the AF.  I have made a thousands using my cards.

There is more to a good card than cash back percentage and annual fees.

Credit limits, 0% offers, customer service, foreign transaction fees, and more all matter to me.

Cap One treats me extremely well and has since the day I started rebuilding.

Is it the best card for everyone?  No. 

But for a lot of us it is the best card for our current profile.

For many a card like a no AF QuickSilver 1.5% cash back card might be a better option.

But for some, like me, that .5% difference is much more than the AF.

I make more than $100 each month in rewards.

Of course, none of this matters if you are paying interest.  I am not.

 

 

 


I'm not sure where you're going with this. If a no AF or > $95 AF card matches a flat 2% or higher rewards rate, it's better than the Venture. 

 

If you use a Citi Double Cash and spend $50,000 a year, you earn $1,000 in cash back. 

if you use a C.O Venture and spend $50,000 a year, you earn $1,000 towards certain travel categories, minus $95 for the annual fee, so $905.

 

If I spend $50,000 a year on my USAA Limitless, I earn $1,250 back without limits, no AF or FTF's. 

 

If I have a Chase Sapphire Preferred, I get UR's, primary rental car insurance,  trip cancellation/interruption insurance, bagagge insurance, and trip delay reimbursement, for the same AF. 

 

You say there's more to a card than good cash back and annual fees... True, but what else does the Venture offer? Nothing, in fact, way less than other $95/year cards do. 

 

 


 Again, all those cards you've referenced are cards that are harder to get, either because of membership requirements or credit requirements that many people on a rebuilding patch simply can't meet.

 

 If you qualify for a no annual fee 2% card with similar benefits, then of course its better than having a Venture.  But for the rest of us, its NOT a bad card.  Providing you have the spend to counteract the AF and actually use the benefits.

Cap1 Venture: $18K | Amex BCE: $15K | NFCU CR: $15K | Wells Fargo: $11K | Cap1 Savor: 10K | Cap1 QS: $8.5K | Barclays Rewards: $7.75K | Discover IT: $6K | Sportsman's Guide: $5.9K | NRA: $5.5K | Legacy Visa: $2.75K | Elan Plat: $2.3K | Cap1 PS: 2K | Cabela's: $1K

 

Current Scores: EQ: 725 | TU: 741 | EX: 708


Message 83 of 93
Regular Contributor

Re: CAP ONE raised the AF on the Venture Card

I hope so too.. the 2 locations in Chicago are pretty big, not empty, but spacious.
The lounge area is pretty slick, but i didn't want to take a pic with people in it.
If it's empty next time i go, i'll take one.
Rebuild Started: May 2017 (Fico 500’s)
Current Scores: EQ786, TU791, EX784
Goals: Fico > 800’s & 100k in Credit


      $500              $800            $10,000
Message 84 of 93
Frequent Contributor

Re: CAP ONE raised the AF on the Venture Card

None in the DC market yet. I’ll definitely drop by when they open a couple here.


_______________________________________________________________

April 2017 FICO 8 Scores - EX 695 | EQ 621 | TU 655
November 2017 FICO 8 Scores - EX 730 | EQ 745 | TU 737
Message 85 of 93
Regular Contributor

Re: CAP ONE raised the AF on the Venture Card

I hope one opens up there soon for you
Rebuild Started: May 2017 (Fico 500’s)
Current Scores: EQ786, TU791, EX784
Goals: Fico > 800’s & 100k in Credit


      $500              $800            $10,000
Message 86 of 93
Valued Contributor

Re: CAP ONE raised the AF on the Venture Card


mountaindewvoltage wrote:

Shooting-For-800 wrote:

I like Venture and QuickSilver and Capital One.

I have no problem with the AF.  I have made a thousands using my cards.

There is more to a good card than cash back percentage and annual fees.

Credit limits, 0% offers, customer service, foreign transaction fees, and more all matter to me.

Cap One treats me extremely well and has since the day I started rebuilding.

Is it the best card for everyone?  No. 

But for a lot of us it is the best card for our current profile.

For many a card like a no AF QuickSilver 1.5% cash back card might be a better option.

But for some, like me, that .5% difference is much more than the AF.

I make more than $100 each month in rewards.

Of course, none of this matters if you are paying interest.  I am not.

 

 

 


I'm not sure where you're going with this. If a no AF or > $95 AF card matches a flat 2% or higher rewards rate, it's better than the Venture. 

 

If you use a Citi Double Cash and spend $50,000 a year, you earn $1,000 in cash back. 

if you use a C.O Venture and spend $50,000 a year, you earn $1,000 towards certain travel categories, minus $95 for the annual fee, so $905.

 

If I spend $50,000 a year on my USAA Limitless, I earn $1,250 back without limits, no AF or FTF's. 

 

If I have a Chase Sapphire Preferred, I get UR's, primary rental car insurance,  trip cancellation/interruption insurance, bagagge insurance, and trip delay reimbursement, for the same AF. 

 

You say there's more to a card than good cash back and annual fees... True, but what else does the Venture offer? Nothing, in fact, way less than other $95/year cards do. 

 

 


But you get 500 dollars up front from the Venture. It would take you over 5 years to make that up on the Double Cash.  Even longer when you take into the time value of money.  I would say the Venture is better.  As I cancel it after the first year.  In your scenario I would have 1500 with Venture and 1000 with the Double Cash.  Of course more likely I would have 530 dollars with the Venture and zero with the Double Cash as I would spread the 50k over 20 cards. 

BOA Cash Rewards, AMEX BCE, AMEX PRG, AMEX Ameriprise Platinum, AMEX SPG, CITI AADvantage Platinum, Chase Hyatt, Chase Southwest Premier, Chase Southwest Plus, Barclay Arrival +, Barclay AAdvantage Red Aviator, USAA Prefered Cash Rewards , Cap One Quicksilver, Lendup L card, JCrew, Pottery Barn, Express, NFCU Go Rewards.
Message 87 of 93
Valued Contributor

Re: CAP ONE raised the AF on the Venture Card


frogman1 wrote:

But you get 500 dollars up front from the Venture. It would take you over 5 years to make that up on the Double Cash.  Even longer when you take into the time value of money.  I would say the Venture is better.  As I cancel it after the first year.  In your scenario I would have 1500 with Venture and 1000 with the Double Cash.  Of course more likely I would have 530 dollars with the Venture and zero with the Double Cash as I would spread the 50k over 20 cards. 

I don't think any of us are arguing that the signup bonus on the Venture may be worth pursuing.  Hell, I intend to app for it myself.

What I and many of us have been saying is that it's not good value long term.  The Venture charges a $95 AF to keep the card past the first year and only returns 2% redeemable against a narrow category of purchases.  The Citi DC earns 2% redeemable as cash and charges no fee.  That's an easy decision.

By all means get the bonus on the Venture.  But you're throwing money away if you keep the card long term.

Message 88 of 93
Valued Contributor

Re: CAP ONE raised the AF on the Venture Card

I'm curious what the average lifespan of a card is on here. Some people will talk casually about keeping a card for 5 or 10 years for an extra 0.5% in some category, only for the bank to nerf it a few months later, or the customer cancels it the next time "wallet simplification" is in fashion.

 

I don't have any interest in a Venture, but it's hard to go very wrong when getting a big bonus up front.

 

No Cap1 cafes near me. Guess I have to settle for Cent/DL lounges. Smiley Wink

Perks, purchase protection, and sketchy merchants: Schwab Platinum.....Price rewind and extended warranties: Costco.....Travel insurance: Prestige and Hyatt.....Renewal night: IHG.....Taxes/Misc: SPG.....SD and of limited use: Discover, Freedom, FreedomUn, ED, BCE, Arrival

Total CL: Enough
Message 89 of 93
Contributor

Re: CAP ONE raised the AF on the Venture Card

When you use Cap1 card at "Cap1 cafes",  you'll pay 50% less for coffee. There is one in Glendale, CA. I always pay 50% less when I buy a coffee/tea and use cap1 credit card. 

EX 675
EQ 680
TU 656
BK 7 D/C December 2016.
Message 90 of 93