topic Re: Venture Approval in Credit Card Approvals

Venture Approval

Anonymous — Fri, 28 Aug 2015 20:21:30 GMT

Okay I couldn't resist any longer and took the plunge. Approved for a Venture for 5K SL and of course the highest rate but I really wanted to get my foot in the door again with Cap1 and didn't want a starter card that wouldn't grow past a certain point down the road. Figured shoot for the moon for a prime card with them. I'm totally amazed that they approved this. Have not had any type of revolving credit in a long time until June of this year and anything I've added has only been reporting since then. My Fico 04 score are much much higher than my 08's so that's the only reason I took the chance. Current scores EQ Score 8 641 Score 5 691, EX Score 8 641 Score 2 702 and TU Score 8 601 Score 4 664 (lower due to a med CO that should not be there and I'm fighting). 50.3K in total revolving with UTL of 3%. 14 inquiries on EQ, 3 on EX and 0 on TU. A CO with FMC from 2009 with a 60 and 90 day late that still show and a judgement from 2009 set to come off in 4/2016 with of all lenders Cap1. Since I was taking the triple pull I apped the QS as well right after but that was denied. I'm okay with that though. I'm just happy that somehow the stars aligned and I got the Venture approval. I'll push some spend through this and grow it and maybe next year go for another and should see a better rate and probably larger SL and then I'll combine. Will probably get a QS at that point as well.

Re: Venture Approval

Anonymous — Fri, 28 Aug 2015 20:38:28 GMT

Great job.... Thought about apping for Venture but just dont need an airline card or probably any card for that matter.
Have fun with it. Put some spend thru it,pay it off and you'll be at 10000 before you know it.

Re: Venture Approval

Anonymous — Fri, 28 Aug 2015 20:46:35 GMT

@Anonymous wrote:
Great job.... Thought about apping for Venture but just dont need an airline card or probably any card for that matter.
Have fun with it. Put some spend thru it,pay it off and you'll be at 10000 before you know it.

I could be wrong but I thought someone posted that you could cash out the bonus or rewards at 1 to 1 for gift cards and not have the devaluation of cashing out for cash if not redeeming for travel. Am I imagining that or did someone post that in the past day or two. Oh I forgot to add in my OP that I did not have Venture or QS showing on the pre qualifier. Just the QS1 and Platinum. Just got a wild hair up my you know what to give it a go. Nothing ventured nothing gained right.

Re: Venture Approval

Anonymous — Fri, 28 Aug 2015 20:53:10 GMT

Congrats. My wife got a Venture approval today as well. Nice to see others getting some luv from Cap1.

Re: Venture Approval

CreditCuriosity — Fri, 28 Aug 2015 20:59:56 GMT

@Anonymous wrote:
@Anonymous wrote:
Great job.... Thought about apping for Venture but just dont need an airline card or probably any card for that matter.
Have fun with it. Put some spend thru it,pay it off and you'll be at 10000 before you know it.
I could be wrong but I thought someone posted that you could cash out the bonus or rewards at 1 to 1 for gift cards and not have the devaluation of cashing out for cash if not redeeming for travel. Am I imagining that or did someone post that in the past day or two. Oh I forgot to add in my OP that I did not have Venture or QS showing on the pre qualifier. Just the QS1 and Platinum. Just got a wild hair up my you know what to give it a go. Nothing ventured nothing gained right.

this is correct

btw congrats

Re: Venture Approval

taxi818 — Fri, 28 Aug 2015 21:24:03 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:
Great job.... Thought about apping for Venture but just dont need an airline card or probably any card for that matter.
Have fun with it. Put some spend thru it,pay it off and you'll be at 10000 before you know it.
I could be wrong but I thought someone posted that you could cash out the bonus or rewards at 1 to 1 for gift cards and not have the devaluation of cashing out for cash if not redeeming for travel. Am I imagining that or did someone post that in the past day or two. Oh I forgot to add in my OP that I did not have Venture or QS showing on the pre qualifier. Just the QS1 and Platinum. Just got a wild hair up my you know what to give it a go. Nothing ventured nothing gained right.
this is correct

btw congrats

Congrats. For the clever it is easy to cash out. Also venture is not airline card. It is a travel card. Rental Cars. Airlines, Hotels. Taxis. Buses, Trains, All of that. so not hard to cash out for full value. anything transportation related. Hell even a ricksha

Re: Venture Approval

alextercero — Fri, 28 Aug 2015 23:48:18 GMT

Congrats

Re: Venture Approval

Anonymous — Sat, 29 Aug 2015 02:28:58 GMT

Congrats to you! I love my Venture card!

Re: Venture Approval

dallasareaguy — Sat, 29 Aug 2015 00:25:01 GMT

@Anonymous wrote:
Okay I couldn't resist any longer and took the plunge. Approved for a Venture for 5K SL and of course the highest rate but I really wanted to get my foot in the door again with Cap1 and didn't want a starter card that wouldn't grow past a certain point down the road. Figured shoot for the moon for a prime card with them. I'm totally amazed that they approved this. Have not had any type of revolving credit in a long time until June of this year and anything I've added has only been reporting since then. My Fico 04 score are much much higher than my 08's so that's the only reason I took the chance. Current scores EQ Score 8 641 Score 5 691, EX Score 8 641 Score 2 702 and TU Score 8 601 Score 4 664 (lower due to a med CO that should not be there and I'm fighting). 50.3K in total revolving with UTL of 3%. 14 inquiries on EQ, 3 on EX and 0 on TU. A CO with FMC from 2009 with a 60 and 90 day late that still show and a judgement from 2009 set to come off in 4/2016 with of all lenders Cap1. Since I was taking the triple pull I apped the QS as well right after but that was denied. I'm okay with that though. I'm just happy that somehow the stars aligned and I got the Venture approval. I'll push some spend through this and grow it and maybe next year go for another and should see a better rate and probably larger SL and then I'll combine. Will probably get a QS at that point as well.

Am I reading that right... you have EQ641 / EX641 / TU601 (FICO 8?)

Re: Venture Approval

Anonymous — Sat, 29 Aug 2015 00:25:39 GMT

Congrats!

Re: Venture Approval

pizza1 — Sat, 29 Aug 2015 00:54:08 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:
Great job.... Thought about apping for Venture but just dont need an airline card or probably any card for that matter.
Have fun with it. Put some spend thru it,pay it off and you'll be at 10000 before you know it.
I could be wrong but I thought someone posted that you could cash out the bonus or rewards at 1 to 1 for gift cards and not have the devaluation of cashing out for cash if not redeeming for travel. Am I imagining that or did someone post that in the past day or two. Oh I forgot to add in my OP that I did not have Venture or QS showing on the pre qualifier. Just the QS1 and Platinum. Just got a wild hair up my you know what to give it a go. Nothing ventured nothing gained right.
this is correct

btw congrats

Correct! I cashed my miles in on BOTH my Ventures for gift cards. Easy Peasy...Congrats to OP on the approval!

Re: Venture Approval

Anonymous — Sat, 29 Aug 2015 02:31:46 GMT

@dallasareaguy wrote:
@Anonymous wrote:
Okay I couldn't resist any longer and took the plunge. Approved for a Venture for 5K SL and of course the highest rate but I really wanted to get my foot in the door again with Cap1 and didn't want a starter card that wouldn't grow past a certain point down the road. Figured shoot for the moon for a prime card with them. I'm totally amazed that they approved this. Have not had any type of revolving credit in a long time until June of this year and anything I've added has only been reporting since then. My Fico 04 score are much much higher than my 08's so that's the only reason I took the chance. Current scores EQ Score 8 641 Score 5 691, EX Score 8 641 Score 2 702 and TU Score 8 601 Score 4 664 (lower due to a med CO that should not be there and I'm fighting). 50.3K in total revolving with UTL of 3%. 14 inquiries on EQ, 3 on EX and 0 on TU. A CO with FMC from 2009 with a 60 and 90 day late that still show and a judgement from 2009 set to come off in 4/2016 with of all lenders Cap1. Since I was taking the triple pull I apped the QS as well right after but that was denied. I'm okay with that though. I'm just happy that somehow the stars aligned and I got the Venture approval. I'll push some spend through this and grow it and maybe next year go for another and should see a better rate and probably larger SL and then I'll combine. Will probably get a QS at that point as well.

Am I reading that right... you have EQ641 / EX641 / TU601 (FICO 8?)

Yeah except TU that was 608 but Cap1 pulls the mortgage lending Fico 04's which are much higher for me and looking back over the last scores I pulled from CCT and here I'm EQ Score 5 701, EX Score 2 702 and TU Score 4 664 but very thin history with all my revolvers being 3 months old or less. AAoA is 2 years 8 months. If I'd waited and apped next summer I would have pulled a better rate and probably a much higher SL but it's been killing me wondering if I could pull an approval. I'm probably looking at a mortgage next summer so I'm absolutely done apping and need to plant my but in the garden and let everything age and my last two baddies to fall off. But begining of this year I was barely mid 500's and only a three year old auto loan currently open. No revolving TL's at all. Currently sitting on 55.3K in revolving lines and scores are only about 10 points below where they were when I started. No new apps for me until I close on a mortgage then I'll go after a couple things high on my list that I know I'm not getting approved for until the last two baddies are gone.

Re: Venture Approval

ddemari — Sat, 29 Aug 2015 05:14:49 GMT

Congrats on your Venture!

Re: Venture Approval

OmarGB9 — Sat, 29 Aug 2015 14:12:55 GMT

Grats!