topic Re: Cap One Venture approved 30K SL (DP's) in Credit Card Approvals

Cap One Venture approved 30K SL (DP's)

Anonymous — Fri, 15 Feb 2019 13:07:53 GMT

Hope all is well with everyone this morning, am new to the myFico boards but have been lurking for a while. Have been rebuilding from 2009 after BK, which finally fell off my CR's this January so now able to continue my credit journey.

Once BK fell off I went to CapOne pre-qual site and was pre-qual'd for high APR Venture @ 25.24%. This would be my first unbucketed card outside of the CapOne Platinum and CapOne Rewards which I have had for a while, always paid, but low CL's (total: 2500 between the two). Anyway, I decided to pull the trigger and I got the 7-10 day message. Finally decided to call a week and a half later and went through identity verification. That being said, they said the app would move to the next step. A few days later I tried to link a new card through the cap one dashboard and my new Venture pops up as an account. I was curious to see my credit line as I was expecting 5K or 10K, which would help my util obviously. They extended me a 30K SL. Anyway, very happy with my first major card and am looking to add more credit once my Venture hits my CR's and utilization adjusts...that point should be around >750 across all three CB's. Anyway, here are the DP's:

FICO 8

EQ: 730, EX: 702, TU 697

1 baddie 30day late payment >4years

AAoA: 8 yrs 6mths

CapOne Plat: 1650 CL (8 years)

CapOne Rewards: 850 CL (6 years)

Income: six figures

Anyway, this board is incredible and I look forward to people's thoughts on what my next cards should be...thinking WFVS and the new Marriott Boundless Visa Sig. One question: Does anyone know if there is a Visa Infinite offering in the new BonVoy portfolio? Really wanted The Ritz card, but heard it was discontinued.

Look forward to thoughtfully contributing.

Re: Cap One Venture approved 30K SL (DP's)

Remedios — Fri, 15 Feb 2019 13:30:30 GMT

Congrats on your approval

Re: Cap One Venture approved 30K SL (DP's)

xaximus — Fri, 15 Feb 2019 13:48:14 GMT

Congrats on the approval and awesome SL!

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Fri, 15 Feb 2019 13:52:14 GMT

That’s a killer SL!

Congratulations!!!

Re: Cap One Venture approved 30K SL (DP's)

Caardvark — Fri, 15 Feb 2019 14:58:39 GMT

Huge congrats! That should certainly solve any utilization issues you may have had!

Re: Cap One Venture approved 30K SL (DP's)

SwarthyOgre — Fri, 15 Feb 2019 15:29:32 GMT

@Anonymous wrote:
Hope all is well with everyone this morning, am new to the myFico boards but have been lurking for a while. Have been rebuilding from 2009 after BK, which finally fell off my CR's this January so now able to continue my credit journey.

Once BK fell off I went to CapOne pre-qual site and was pre-qual'd for high APR Venture @ 25.24%. This would be my first unbucketed card outside of the CapOne Platinum and CapOne Rewards which I have had for a while, always paid, but low CL's (total: 2500 between the two). Anyway, I decided to pull the trigger and I got the 7-10 day message. Finally decided to call a week and a half later and went through identity verification. That being said, they said the app would move to the next step. A few days later I tried to link a new card through the cap one dashboard and my new Venture pops up as an account. I was curious to see my credit line as I was expecting 5K or 10K, which would help my util obviously. They extended me a 30K SL. Anyway, very happy with my first major card and am looking to add more credit once my Venture hits my CR's and utilization adjusts...that point should be around >750 across all three CB's. Anyway, here are the DP's:

FICO 8
EQ: 730, EX: 702, TU 697
1 baddie 30day late payment >4years
AAoA: 8 yrs 6mths
CapOne Plat: 1650 CL (8 years)
CapOne Rewards: 850 CL (6 years)
Income: six figures

Anyway, this board is incredible and I look forward to people's thoughts on what my next cards should be...thinking WFVS and the new Marriott Boundless Visa Sig. One question: Does anyone know if there is a Visa Infinite offering in the new BonVoy portfolio? Really wanted The Ritz card, but heard it was discontinued.

Look forward to thoughtfully contributing.

C

Congrats! If you are considering a Chase product keep in mind their 5/24 rule and apply accordingly. I would let that new Venture report for 6 months and try for the Sapphire Preferred.

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Fri, 15 Feb 2019 16:07:29 GMT

Yeah, right now at 2/24. Was thinking about the new Marriott because I have a big trip in May and want to get the sub which would be attained during the trip. Thinking going the co-branded way with Chase might set me up for success with getting the CSR in a year. Thoughts?

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Fri, 15 Feb 2019 16:11:49 GMT

Totally did, once that hits my report will be down to 6% util from 54% right now...should bump scores nicely.

Re: Cap One Venture approved 30K SL (DP's)

AverageJoesCredit — Fri, 15 Feb 2019 16:16:19 GMT

Congrats With your income and below 5/24, Chase should like you

Re: Cap One Venture approved 30K SL (DP's)

FinStar — Fri, 15 Feb 2019 16:19:09 GMT

@Anonymous wrote:

Anyway, this board is incredible and I look forward to people's thoughts on what my next cards should be...thinking WFVS and the new Marriott Boundless Visa Sig. One question: Does anyone know if there is a Visa Infinite offering in the new BonVoy portfolio? Really wanted The Ritz card, but heard it was discontinued.

Look forward to thoughtfully contributing.

C

Other than the JPM Ritz-Carlton CC (no longer available for new applications), there currently isn't a Visa Infinite tier for any of the BonVoy CCs.

Re: Cap One Venture approved 30K SL (DP's)

SwarthyOgre — Fri, 15 Feb 2019 17:10:24 GMT

@Anonymous wrote:
Yeah, right now at 2/24. Was thinking about the new Marriott because I have a big trip in May and want to get the sub which would be attained during the trip. Thinking going the co-branded way with Chase might set me up for success with getting the CSR in a year. Thoughts?

What about the AMEX Bonvoy Brilliant? It does have a $450 AF but you get $300 worth of statement credits for purchases at Marriott properties as well as Gold Elite status, an extra point per purchase at restuarants and airlines than the Chase card does, airport lounge access and a $100 TSA pre check credit. The SUB is 100k points for $5k in spend.

If you got a lower SL than you expected you could go for the 3x CLI at 61 days. Then you could possibly snag a CSP with a decent limit if Chase sees you managing a few 5 digit cards well.

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Fri, 15 Feb 2019 18:17:03 GMT

Thanks so much, thought so. Oh well.

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Fri, 15 Feb 2019 19:47:17 GMT

Completely like your angle a little better and not concerned with spend minimums...So, I burned AmEx in BK 2009, not a small amount, might be ok to move forward don't know. However, I was listed as an AU on my father's AmEx plat in 2013 and he defaulted on it...soooooooo long of the short a little afraid of AmEx still remembering the past and will decline immediately...but maybe that does not mean a hard pull if they decline due to internal reasons.

Also, tried to get an AmEx rep on the phone to get them to let me know what my profile looked like (e.g. do you have any notes saying...do not give cc to...lol) didn't work. It would be a blind app, but I do love AmEx and can't wait to get back the plat card.

Re: Cap One Venture approved 30K SL (DP's)

SwarthyOgre — Sat, 16 Feb 2019 15:16:14 GMT

Head over to the Amex prequal page and see if they have forgiven you.

https://www.americanexpress.com/us/credit-cards/check-for-offers/

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Sat, 16 Feb 2019 18:40:35 GMT

Congrats on approval and monster SL !!!

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Sun, 17 Feb 2019 19:59:48 GMT

Looks like they have not forgiven me yet...lol.

Re: Cap One Venture approved 30K SL (DP's)

simplynoir — Sun, 17 Feb 2019 23:42:51 GMT

Congratulations on your great SL for your new card!

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Wed, 20 Feb 2019 22:11:51 GMT

Congrats on your approval and your SL - nice job!

Re: Cap One Venture approved 30K SL (DP's)

19eighty5 — Thu, 21 Feb 2019 00:05:01 GMT

Congratulations on your approval! Awesome SL!

Re: Cap One Venture approved 30K SL (DP's)

Anonymous — Thu, 21 Feb 2019 11:28:37 GMT

Congratulations. $30K is incredible.