Capital One Venture

[Anonymous]

I am going to be doing some traveling outside the country later this year and considering applying for a Capital One Venture card.  I read previously on this board from a poster that if you've ever filed for bankruptcy, Cap1 will decline you for this card. I filed for bankruptcy back in 1989.  Do y'all know if a bankruptcy from so many years ago would be evaluated in their approval process? 

I already have a non-secured Cap1 card that I've had for many years with an excellent payment history (but only 1,500 CL).  I don't know my current actual FICO scores but my credit karma score is 749, no derogatory marks, 16% utilization, 1 credit inquiry on my report.  

Thanks in advance for any help!

[Wolf3]

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@Anonymous wrote:

I am going to be doing some traveling outside the country later this year and considering applying for a Capital One Venture card.  I read previously on this board from a poster that if you've ever filed for bankruptcy, Cap1 will decline you for this card. I filed for bankruptcy back in 1989.  Do y'all know if a bankruptcy from so many years ago would be evaluated in their approval process? 

I already have a non-secured Cap1 card that I've had for many years with an excellent payment history (but only 1,500 CL).  I don't know my current actual FICO scores but my credit karma score is 749, no derogatory marks, 16% utilization, 1 credit inquiry on my report.  

Thanks in advance for any help!

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Bankruptcy over 10 years comes off your credit record.   It will have no effect.   Creditors are not allowed to ask about BK over 10 years.

[AndySoCal]

According to the CapitalOne web site you need excellent credit for this card. Below is their definition of excellant credit

• Excellent Credit
• Do ALL of these describe you?

• I have not been more than 60 days late on any credit card, medical bill, or loan in the last year

  
  - AND -

• I have never declared bankruptcy or defaulted on a loan

  
  
  - AND -

• I have had a loan or credit card for 3 years or more with a credit limit above $5,000

Hope this helps

[OnTheRebound]

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@AndySoCal wrote:

According to the CapitalOne web site you need excellent credit for this card. Below is their definition of excellant credit

• Excellent Credit
• Do ALL of these describe you?

• I have not been more than 60 days late on any credit card, medical bill, or loan in the last year

  
  - AND -

• I have never declared bankruptcy or defaulted on a loan

  
  
  - AND -

• I have had a loan or credit card for 3 years or more with a credit limit above $5,000

Hope this helps

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I wonder if they consider AU accounts or just individual accounts. Also, do you suppose they consider old closed accounts in good standing?

[clocktick]

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@OnTheRebound wrote:

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@AndySoCal wrote:

According to the CapitalOne web site you need excellent credit for this card. Below is their definition of excellant credit

• Excellent Credit
• Do ALL of these describe you?

• I have not been more than 60 days late on any credit card, medical bill, or loan in the last year

  
  - AND -

• I have never declared bankruptcy or defaulted on a loan

  
  
  - AND -

• I have had a loan or credit card for 3 years or more with a credit limit above $5,000

Hope this helps

---

I wonder if they consider AU accounts or just individual accounts. Also, do you suppose they consider old closed accounts in good standing?

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I would't think they would consider AU accounts for the CL. 

[Anonymous]

Some positive news--I applied today and was approved with a $5,000 CL. 

[daylove]

If you go to Europe you should ask them if they have a chip and pin version..striped credit cards are no longer widely accepted abroad due to high fraud potential. I travel a lot and I now have one with the chip if I only had the striped one it would be a major problem..

[Wolf3]

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@Anonymous wrote:

Some positive news--I applied today and was approved with a $5,000 CL. 

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Congratulations.

[Anonymous]

Thanks daylove, that's good info to know ahead of time as I'll be using it in Italy.

.

[Anonymous]

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@Wolf3 wrote:

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@Anonymous wrote:

Some positive news--I applied today and was approved with a $5,000 CL. 

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Congratulations.

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I want to acknowledge how useful this forum has been to me.  A year and a half ago I would not have been in the position to apply for certain cc's and what I've learned from so many on this forum has been a blessing.