OP,
You'll get approved for this card. I got mine somewhere in the 760-770 range. It was 3 hard pulls, which sucked of course, but we really wanted the card. The Annual Fee isn't really a big deal for us, as my wife and I use this as our primary household card, replacing our debit card for all our usual purchases. Just gotta make sure you pay it each month, as the interest rates on it for your credit range aren't great. Mine I think is 19%, but we never pay interest on it. By making use of their rewards portal for making online purchases we would have made anyway directly with the stores, we have had the card 12 months and accrued about $2,000 in free travel.
So yes, we're big fans of our Venture. No cap on miles, no expiration, and works for travel expenses other travel cards dont. Examples of this would be taxi fares, bag fees, basically anything remotely travel related as long as it's not in your home geographic location. Not all eligible transactions will show up on your online account, but if you call them, we have yet to have them turn us down on one of these more obscure "travel" expenses.
The other thing I liked about this card compared to others is that discount sites like Hotwire and Priceline count as "travel sites" so if you're like me, you can negotiate basement prices on travel, and still get it reiumbursed using your miles, allowing you to bank more miles for later.
For what it's worth, that's just been my experience.... Oh, and my Venture also reports a limit ($7500), but as with all Visa Signature cards, we haven't had any issues the few times we've gone over that.
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Fico Scores:
EQ - 800 (Mar '13)
TU - 784 (Jan '13)
EX - 814 (Mar '12) - Lender Pull
