topic Re: Venture Pre-Approval - Should I pull the trigger? in Credit Card Approvals

Venture Pre-Approval - Should I pull the trigger?

roniram — Mon, 25 May 2015 14:11:46 GMT

About a month and a half ago, I applied for the Venture. I got no pre-approval, and was denied when applied. I got a little too excited after paying off some cards, but the payoffs had ot hit my credit reports. (Brain fart!) This weekend, my scores went up to what you see in my profile, and just for S and giggles, I tried the pre-qualified link...BOOM! Pre-qualified for everything. Venture, Venture One and Quicksilver. I currently have a Capital One Platinum (old HSBC) and Quicksilver One. I'm trying to figure out will this be a real approval with a decent CL? Is Venture's minimum $5k? I was turned down a couple of months ago due to "inexpereince with a line of credit this size" Even tried EO...and it was a no go.

I recently obtained a AMEX BCE and Chase Freedom - but with only a $1000 CL on each, with denied reconsideration on both for a higher CL. I just don't want to go through the trouble of applying and obtaining a puny CL. So, any thoughts on if I shouldgo for it or not? BTW, I have two store cards with 3500 and 4000 CLs now, so that may have made a difference.

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 14:19:25 GMT

Yes, happy memorial day... And report back with results should you take the plunge.. But keep in mind it will be 3 pulls so make sure your are ready for it emotionally should it not go through..

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 14:21:39 GMT

I read here somewhere there was a 90 day wait between apps after a rejection. Hopefully someone else will chime in.

Good luck to you if you apply.

Re: Venture Pre-Approval - Should I pull the trigger?

CreditCuriosity — Mon, 25 May 2015 14:21:06 GMT

@yes lol @ emotionally regarding 3 pulls

Re: Venture Pre-Approval - Should I pull the trigger?

roniram — Mon, 25 May 2015 14:27:08 GMT

Yes....I'm gonna scream if denied with 3 CB pulls! Well....here goes nothiing....or a lot of wasted CB pulls....

Re: Venture Pre-Approval - Should I pull the trigger?

Creditaddict — Mon, 25 May 2015 14:27:31 GMT

Yes, Apply!

Re: Venture Pre-Approval - Should I pull the trigger?

Ford725 — Mon, 25 May 2015 14:32:58 GMT

What's the vedict?!?!

Re: Venture Pre-Approval - Should I pull the trigger?

roniram — Mon, 25 May 2015 14:33:58 GMT

I guess I need to be moved to Approvals - $10,000! Thanks for the encouragement. Man, now if I had only been more patient, I would probably had a higher starting CL with my AMEX and Freedom cards! Thanks for the encouragement. Two goal cards down, two to go (Sam's Club MC and Sallie Mae) But I know Barclay's is app sensitive so I'm gardening for six months.

Re: Venture Pre-Approval - Should I pull the trigger?

CreditCuriosity — Mon, 25 May 2015 14:37:54 GMT

Congrats on a nice SL

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 14:38:09 GMT

@roniram wrote:
I guess I need to be moved to Approvals - $10,000! Thanks for the encouragement. Man, now if I had only been more patient, I would probably had a higher starting CL with my AMEX and Freedom cards! Thanks for the encouragement. Two goal cards down, two to go (Sam's Club MC and Sallie Mae) But I know Barclay's is app sensitive so I'm gardening for six months.

WOWZERRRRRSSSSSSSSSSS... Massive limit and congrats!!!

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 14:39:58 GMT

@Anonymous wrote:

I read here somewhere there was a 90 day wait between apps after a rejection. Hopefully someone else will chime in.

Good luck to you if you apply.

Waiting 90 days after denial to apply to CAP 1 is a myth as OP has proved it is incorrect-

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 17:47:07 GMT

@roniram wrote:
I guess I need to be moved to Approvals - $10,000! Thanks for the encouragement. Man, now if I had only been more patient, I would probably had a higher starting CL with my AMEX and Freedom cards! Thanks for the encouragement. Two goal cards down, two to go (Sam's Club MC and Sallie Mae) But I know Barclay's is app sensitive so I'm gardening for six months.

Outstanding, congrats on the approval

Re: Venture Pre-Approval - Should I pull the trigger?

alextercero — Mon, 25 May 2015 18:33:43 GMT

Congrats on the Approval

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 18:58:32 GMT

That's AWESOME ~ CONGRATS on the Venture approval!! WTG . . .

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 19:02:17 GMT

@Anonymous wrote:
@Anonymous wrote:

I read here somewhere there was a 90 day wait between apps after a rejection. Hopefully someone else will chime in.

Good luck to you if you apply.
Waiting 90 days after denial to apply to CAP 1 is a myth as OP has proved it is incorrect-

Thanks for the update.

Congrats OP on the nice approval!

Re: Venture Pre-Approval - Should I pull the trigger?

traveler2005 — Mon, 25 May 2015 20:40:26 GMT

@roniram wrote:
I guess I need to be moved to Approvals - $10,000! Thanks for the encouragement. Man, now if I had only been more patient, I would probably had a higher starting CL with my AMEX and Freedom cards! Thanks for the encouragement. Two goal cards down, two to go (Sam's Club MC and Sallie Mae) But I know Barclay's is app sensitive so I'm gardening for six months.

Congrats on your venture card!!! Great limit!!! It will grow with time, enjoy

Re: Venture Pre-Approval - Should I pull the trigger?

Ford725 — Mon, 25 May 2015 21:15:28 GMT

That's a REALLY nice verdict, APPROVED!!!! Guess you gotta loose that bronze spade now!

Re: Venture Pre-Approval - Should I pull the trigger?

Anonymous — Mon, 25 May 2015 21:26:40 GMT

Congrats on your success!