topic Re: Capital One Venture One CLI in Credit Card Approvals

Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 19:32:38 GMT

Hi! My wife and I are trying to join some accounts. She just now CLI'd on her Cap One V1 card from $3500 to $4000. We think that is kind of a low CLI considering her balance is under $600 and she has had the card since 2012. This is her first time CLI'ing online. Should she call the back door # to see if they can increase it anymore since she already accepted the $4,000 online CLI? If she calls the back door, what should she say as to why she deserves a higher CL? She has a 735 FICO with only one other tradeline, an Auto Loan. She's never missed a payment, has no derogs ever. Any input would be helpful! Thanks in advance!

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 19:58:54 GMT

Calling the backdoor number won't do you/her any good. All CLIs for CapOne are handled online now and calling anyone would yield no better results. Ofte people find that if you want a higher limit with them, it's best to just apply for a new card and then later on consolidate the cards.

Re: Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 20:07:28 GMT

What would be another card she could App for that would be combined down the line?

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 20:23:22 GMT

@MugenCivicSi83 wrote:
What would be another card she could App for that would be combined down the line?

Venture, QS1, QS, Platinum or even another V1 are all cards that, depending on credit, she can apply for and later combine with her V1

Re: Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 20:28:48 GMT

is it a good idea for her to wait 6 months before app'ing again for capital one card considering they just upgraded her to Venture One? Or does that not matter?

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 20:35:27 GMT

@MugenCivicSi83 wrote:
is it a good idea for her to wait 6 months before app'ing again for capital one card considering they just upgraded her to Venture One? Or does that not matter?

Doesn't matter. Have her check the prequalification page

Re: Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 21:15:58 GMT

She just now got pre-approved for the Capital One QS card. Is that good?

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 21:23:31 GMT

@MugenCivicSi83 wrote:
She just now got pre-approved for the Capital One QS card. Is that good?

That's up for you two to decide. It's a 1.5% cashback card and is generally cisnidered a decent card. If she was preapproved for that card, more than likely should would be approved for it and the regular Venture card.

Re: Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 21:25:16 GMT

We are moving to switzerland where i'll be working as an expat. She flies all over the world for work and would benefit from a travel reward but also cash back reward so I guess QS is a good choice since she already has the venture one?

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 21:46:08 GMT

@MugenCivicSi83 wrote:
We are moving to switzerland where i'll be working as an expat. She flies all over the world for work and would benefit from a travel reward but also cash back reward so I guess QS is a good choice since she already has the venture one?

Well, the VentureOne is really a 1.25% cashback card vs the 1.5% on the QS card. Despite CapOne's effort to market their Venture cards as travel cards, they are not that all but cashback cards with limited redemption. Outside of the signup bonuses I'm not a big fan of the cards because there are better cashback cards and real travel cards. If she really does a lot of travelling she/you should be considering a real travel card

Re: Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 21:51:10 GMT

What's a real travel card? sorry for my 'card incompetence'. I really appreciate your wisdom though. Much appreciated.

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 22:03:06 GMT

@MugenCivicSi83 wrote:
What's a real travel card? sorry for my 'card incompetence'. I really appreciate your wisdom though. Much appreciated.

There are lots of them. 'Real' travel cards provide benefits for travelling like free bags, seating priority, lounge access, hotel status,and a myriad of others. There are two types; hotel and airline. It is really difficult to recommend a single one without knowing a lot more about her travel habits and if they're done for her job (and whether she pays for the travel upfront and is reimbursed or does the company pay for everything upfront). Each kind earns hotel points or airline miles. Some examples are Chase Reserve, Citi Prestige, Amex Platinum, which are more generic travel cards and then the hotel or airline specific cards.

Re: Capital One Venture One CLI

MugenCivicSi83 — Mon, 10 Oct 2016 22:39:59 GMT

What are her odds though because she is a newb? Here is all her info:

34 Y.O. Swiss Citizen, US Green Card,

Capital One Venture One: $4,000 CL (CLI'd from $3500 to $4000 today 10.10.16) Balance: $600: Opened for 4 years

GE Car Loan: $14,592 left on loan: Opened for 2 years

No missed payments ever.

Salary including me as her husband: $140,000

Re: Capital One Venture One CLI

Anonymous — Mon, 10 Oct 2016 23:41:00 GMT

@MugenCivicSi83 wrote:
What are her odds though because she is a newb? Here is all her info:
34 Y.O. Swiss Citizen, US Green Card,
Capital One Venture One: $4,000 CL (CLI'd from $3500 to $4000 today 10.10.16) Balance: $600: Opened for 4 years
GE Car Loan: $14,592 left on loan: Opened for 2 years
No missed payments ever.
Salary including me as her husband: $140,000

I'm really not sure I'm not that familiar with foreign nationals obtaining credit. Try preapproval page for Citi, Amex and Chase to get some ideas

Re: Capital One Venture One CLI

MugenCivicSi83 — Tue, 11 Oct 2016 02:13:01 GMT

She did not get pre-approved for Citi. She got pre-approved for Bank Americard. She app'd for Cap One QS and was approved for $3,000! on top of her CLI earlier today for her Venture one!

Re: Capital One Venture One CLI

MugenCivicSi83 — Tue, 11 Oct 2016 19:10:19 GMT

Today she pre-qual'd for the Discover IT card and was approved with a $1k CL! We are done now with app'ing for her and now she will build for 2 years.

Re: Capital One Venture One CLI

Anonymous — Tue, 11 Oct 2016 21:13:00 GMT

Congrats on the QS and Discover!

Re: Capital One Venture One CLI

MugenCivicSi83 — Tue, 11 Oct 2016 21:23:03 GMT

Thanks! My Wife is a newb and i'm teaching her from the mistakes I made and from what i've learned on here. I have plenty of cash from my home sale so I'm able to help her build her credit by paying her util to under 15% every month. I'm at around 700 scores across the board but need a few more things to clear up end of this month. After that i'll app for a few cards. I want to get some better cards and get rid of some of the ones I have as they aren't useful for my current lifestyle and won't be needed when i'm an Expat in Switzerland end of this year.