Capital One Venture One PC

[HiHiHiHiHiHi]

   I received a letter from Capital One today saying I can upgrade to one of their Venture Cards. I am interested in the Venture One card since it has no AF. Since the new card with either be a World Mastercard or Visa Signature will the credit limit still report? Capital One is my highest credit line. My utilization will increase a lot if it stops reporting. 

    The letter Capital One sent me:

   Choose Your Venture. Upgrade Today!

   Thanks for being a Capital One customer, (MY NAME).

   Life is an adventure, and when you upgrade to one of our Venture cards, you'll get rewarded for it! Both cards offer great benefits, and you don't need to reapply to get one. It's not a new account---it's one you already have, only better! Call us at 1-877-513-9959 to consult with an account specialist:

                             Venture One                                                        Venture

                             1.25 MILES PER $1                                           2 MILES PER $1

                             - Venture One gives you 1.25                          - The Venture Card give you 

                                miles for every $1 you spend          OR          DOUBLE MILES for every 

                                with your card on purchases.                          dollar you spend with your card

                             - No annual membership fee.                            on purchases.

                                                                                                            - Annual membership fee of just $59

   Get ready! Venture and VentureOne let you...

   - Use your miles to fly free on any airline, anytime, with no blackout dates.

   - Pay no foreign exchange fees on purchases you make when you travel abroad.

   - Redeem your miles for ANY travel expense---airlines tickets, hotel rooms, car rentals,

      vacation packages and more.

   To upgrade, call our dedicated phone line at 1-877-513-9959 before September 24, 2012. The call is quick and easy, and an account specialist will be happy to help you choose the best card for your needs. Our hours are from 9 a.m. to 11 p.m., Monday through Saturday, and Sunday from 9 a.m. to 8 p.m. (ET).

   Sincerely,

   (SIGNATURE)

   P. Taylor Jamison, Director of Accounts

   P.S. Choose your Venture card today! Upgrade with a quick phone call to 1-877-513-9959.

[jsucool76]

Upgrading you to one of those cards doesn't necessarily mean you'll get a visa sig or world mastercard. Your best bet would be to call up and ask about it. You may very well get one but they might just add miles onto your account.
is your limit 5k or near it at the moment?

[HiHiHiHiHiHi]

The limit for my Capital One card is 20K.

[jsucool76]

Well scratch that, you'll probably get one then xD

As far as reporting limits, afaik it varies by lender. I read that chase started reporting limits, however some report as flexible spending accounts. I'm sure someone here has more expertise than I do so you'll get a more straightforward answer for them, but I would still suggest calling. That isn't cap1s regular CS number and those in specialized departments tend to know a little more than the regular front end CSRs.

Good luck, and congrats on your upgrade!

Which card do you have now with them?

[HiHiHiHiHiHi]

I have the Capital One No Hassle Rewards Platinum MasterCard. I think it is discontinued, I can't find it on the website. I got the card in 2009.

[jsucool76]

Yeah it did.
Also they might PC you to venture (2mi/$) with no af if you ask. They kept my no af status when they pc'd me to cash rewards.

[HiHiHiHiHiHi]

Thanks. I'll try.