topic Re: Cap1 QS / Venture Pre-Qual Offer Questions in Credit Card Applications

Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 02:47:22 GMT

Hi everyone!

Ok! So I checked out the Cap1 Pre-Qualification site today, ran my info with "Average" credit and got this offer:

But, I also got on the same page... "We also suggest:"

And it is for the Venture Rewards.

Now, I had checked the site yesterday and it didn't pull these up. It had pulled up the Platinum and "We Also Suggest" Q1 Rewards.

Currently I only have a QS1 that I was approved for in September 2015, with a starting limit of $500.00. I'm in the Credit Steps program and used the LUV button after my 5th statement hit and got a $1000.00 increase. I'm sitting at 9% Util.

( Off of EQ report ) Length of Credit History 13 Years, 9 Months / Average Account Age 7 Years, 9 Months

I have 2 HP's on EQ (1 from C1 09/2015, the other Comcast 01/2015) ..1 TU (Capital One 09/2015) and 3 on EX (2 rental companies 07/2015 and Capital One 09/2015).

From CCT Fico, EX: 703 EQ: 723 and TU: 642.
TU is the only one not showing my updated CLI and balance and I just joined CCT yesterday so I'm a little concerned about putting through any inquiries w/o my updated TU score.

I'm rebuilding my credit and would like to know what you all think, should I go for it? Perhaps wait until after TU updates? I know they pull from all 3 CRA's. Also, for the Venture, I'm wondering if that's more of a pre-qual offer or more like "we recommend"... any ideas on that one?

Cap1 has been good to me so I'm excited to see these offers.
I also have a Amex EveryDay offer that I got in the mail but the AMEX site only shows "We Recommend" (which I read is not a pre-qual)...

The ones I'm getting most frequently are from Chase. I do have a chase chking/savings account. When checking the pre-qual site it's not showing me any offers but I just got 2 more earlier this week in the mail. One is for the Freedom, 0% Intro for 15 months, 5% cash back in bonus cats, no annual, $150 bonus after you spend $500 on purchases in the first 3 months from account opening... turns into a variable 18.99 apr.

The next one is the Slate. 0% for 15 months, after that 22.99%, no annual fee. Fee monthly FICO...

So I'm wondering if should try for any of those too.. .and in which order, LOL.

Thanks so much all!!

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 03:04:57 GMT

I believe, from what I have learned, it's a solid offer because it lists a concrete APR instead of a range.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 03:14:51 GMT

I would do the Freedom, then decide if you want the Venture or not. "Solid" YMMV prequal, but all in all, should be good.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 04:40:42 GMT

Thanks to both of you for your responses!

I realize prequals don't necessarily mean approvals. I know I mentioned this prior but thanks to TU not updating yet I'm a little hesitant to apply.

My question is, is there a specific order I should be applying for these in?

I'm still interested in the AMEX as well and I believe they only HP EX? Any ideas what my chances for the EveryDay Cash card are?

The Cap1 prequal site had me listed as I stated prior for Platinum and QS1 yesterday... so I'm wondering since it's QS and Venture now, is the platinum even worth a try coupled with one of the other cards?

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 05:40:19 GMT

IME, I and other family members received the same type of offers from Cap One and each one was an instant approval so yours are probably good. The Venture listed "as also suggested" with the solid apr was the same as the Quicksilver pre approval. The Venture usually has larger sl's than the Quicksilver but ,I believe both are their top tier cards, so I would choose one or both of those over the platinum offers. Venture 5 digit sl's are fairly common so, if you want a travel card, that may be the way to go for you. If you want no frills cashback then look more to the Quicksilver and take advantage of the promos.

I personally see the Freedom as a better card than the Slate. The Slate's purpose is more or less a balance transfer card and useless after the balance transfer promo. The apr 22% is high and there's several other cards offering 15 mos @ 0% and possibly a lower after promo apr. The Freedom would be the clear winner for me. If I was going for it; I would app the Freedom first, then the Cap One card(s) in whatever card meets your requirements.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

SouthJamaica — Tue, 09 Feb 2016 17:47:05 GMT

@Anonymous wrote:
Hi everyone!

Ok! So I checked out the Cap1 Pre-Qualification site today, ran my info with "Average" credit and got this offer:

But, I also got on the same page... "We also suggest:"
And it is for the Venture Rewards.

Now, I had checked the site yesterday and it didn't pull these up. It had pulled up the Platinum and "We Also Suggest" Q1 Rewards.
Currently I only have a QS1 that I was approved for in September 2015, with a starting limit of $500.00. I'm in the Credit Steps program and used the LUV button after my 5th statement hit and got a $1000.00 increase. I'm sitting at 9% Util.

( Off of EQ report ) Length of Credit History 13 Years, 9 Months / Average Account Age 7 Years, 9 Months

I have 2 HP's on EQ (1 from C1 09/2015, the other Comcast 01/2015) ..1 TU (Capital One 09/2015) and 3 on EX (2 rental companies 07/2015 and Capital One 09/2015).

From CCT Fico, EX: 703 EQ: 723 and TU: 642.
TU is the only one not showing my updated CLI and balance and I just joined CCT yesterday so I'm a little concerned about putting through any inquiries w/o my updated TU score.

I'm rebuilding my credit and would like to know what you all think, should I go for it? Perhaps wait until after TU updates? I know they pull from all 3 CRA's. Also, for the Venture, I'm wondering if that's more of a pre-qual offer or more like "we recommend"... any ideas on that one?

Cap1 has been good to me so I'm excited to see these offers.
I also have a Amex EveryDay offer that I got in the mail but the AMEX site only shows "We Recommend" (which I read is not a pre-qual)...
The ones I'm getting most frequently are from Chase. I do have a chase chking/savings account. When checking the pre-qual site it's not showing me any offers but I just got 2 more earlier this week in the mail. One is for the Freedom, 0% Intro for 15 months, 5% cash back in bonus cats, no annual, $150 bonus after you spend $500 on purchases in the first 3 months from account opening... turns into a variable 18.99 apr.
The next one is the Slate. 0% for 15 months, after that 22.99%, no annual fee. Fee monthly FICO...

So I'm wondering if should try for any of those too.. .and in which order, LOL.

Thanks so much all!!

You can go for the Quicksilver. Don't go for the Venture, it's not a pre-qual.

It might be wise to wait though, until your TU gets up near the others.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Creditaddict — Tue, 09 Feb 2016 19:05:21 GMT

@SouthJamaica wrote:
@Anonymous wrote:
Hi everyone!

Ok! So I checked out the Cap1 Pre-Qualification site today, ran my info with "Average" credit and got this offer:

But, I also got on the same page... "We also suggest:"
And it is for the Venture Rewards.

Now, I had checked the site yesterday and it didn't pull these up. It had pulled up the Platinum and "We Also Suggest" Q1 Rewards.
Currently I only have a QS1 that I was approved for in September 2015, with a starting limit of $500.00. I'm in the Credit Steps program and used the LUV button after my 5th statement hit and got a $1000.00 increase. I'm sitting at 9% Util.

( Off of EQ report ) Length of Credit History 13 Years, 9 Months / Average Account Age 7 Years, 9 Months

I have 2 HP's on EQ (1 from C1 09/2015, the other Comcast 01/2015) ..1 TU (Capital One 09/2015) and 3 on EX (2 rental companies 07/2015 and Capital One 09/2015).

From CCT Fico, EX: 703 EQ: 723 and TU: 642.
TU is the only one not showing my updated CLI and balance and I just joined CCT yesterday so I'm a little concerned about putting through any inquiries w/o my updated TU score.

I'm rebuilding my credit and would like to know what you all think, should I go for it? Perhaps wait until after TU updates? I know they pull from all 3 CRA's. Also, for the Venture, I'm wondering if that's more of a pre-qual offer or more like "we recommend"... any ideas on that one?

Cap1 has been good to me so I'm excited to see these offers.
I also have a Amex EveryDay offer that I got in the mail but the AMEX site only shows "We Recommend" (which I read is not a pre-qual)...
The ones I'm getting most frequently are from Chase. I do have a chase chking/savings account. When checking the pre-qual site it's not showing me any offers but I just got 2 more earlier this week in the mail. One is for the Freedom, 0% Intro for 15 months, 5% cash back in bonus cats, no annual, $150 bonus after you spend $500 on purchases in the first 3 months from account opening... turns into a variable 18.99 apr.
The next one is the Slate. 0% for 15 months, after that 22.99%, no annual fee. Fee monthly FICO...

So I'm wondering if should try for any of those too.. .and in which order, LOL.

Thanks so much all!!
You can go for the Quicksilver. Don't go for the Venture, it's not a pre-qual.

It might be wise to wait though, until your TU gets up near the others.

YES IT IS! if you get the congrats message, any card listed on the page is pre-qual and the fixed interest rate confirms this.

I would apply to Amex first and then I would apply for both Quicksilver and Venture Card back to back... They will use same inquiries, Venture will give higher limit than QS and you can combine them at 6 months!!

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 19:22:17 GMT

I'd do this order: Chase Freedom. AMex ED, Venture, QS.

Reasons: if you want a 5% rotating cat card and "in" with Chase, and won't break the 5/24 rule. Don't app for the AmeX ED or only 1 Cap1 and you could get the CSP in 6 months which allows the Freedom's rewards to be rolled into UR points with the CSP at 1:1. Major earning potential.

AmEX ED second. EX hP in general. Sometimes INQ sensitive. I can't get it with a 670 bc of 2014 Auto Late Pay and 2014 Paid Collection. Srsly. They deny me. Whatev's. I'm biased. Good card if you want to use MR system for points.

Venture. 2x/$1 Use Plastiq to pay Rent to make $3000/90day bonus requirement.

App back to back Venture then QS. Venture One does have the 0% APR promo and $1000/90days BUT it's only 1.2x/$1 earnings (right?). Meh IMO. However, in 6 months Cap1 should allow account combine and you could roll your QS or Venture into 1 Account with a large CL. Sexy.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Creditaddict — Tue, 09 Feb 2016 19:24:15 GMT

@Anonymous wrote:
I'd do this order: Chase Freedom. AMex ED, Venture, QS.

Reasons: if you want a 5% rotating cat card and "in" with Chase, and won't break the 5/24 rule. Don't app for the AmeX ED or only 1 Cap1 and you could get the CSP in 6 months which allows the Freedom's rewards to be rolled into UR points with the CSP at 1:1. Major earning potential.

AmEX ED second. EX hP in general. Sometimes INQ sensitive. I can't get it with a 670 bc of 2014 Auto Late Pay and 2014 Paid Collection. Srsly. They deny me. Whatev's. I'm biased. Good card if you want to use MR system for points.

Venture. 2x/$1 Use Plastiq to pay Rent to make $3000/90day bonus requirement.
App back to back Venture then QS. Venture One does have the 0% APR promo and $1000/90days BUT it's only 1.2x/$1 earnings (right?). Meh IMO. However, in 6 months Cap1 should allow account combine and you could roll your QS or Venture into 1 Account with a large CL. Sexy.

+1 sorry missed you wanted Freedom... that goes first for sure!

if you have offer for freedom and CSP I would do both back to back or freedom and a hotel or airline card after.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 21:13:42 GMT

I've been checking the Cap One site since I closed my secured card last week. I'm not getting a pre-qualified offer, but it is showing a fixed APR. I'm confused...

QuicksilverOne® Rewards

Apply Now

Primary Benefit

Earn unlimited 1.5% cash back on every purchase, every day

Purchase APR

0% intro APR until November 2016; 23.24% variable APR after that

Transfer Information

0% intro APR until November 2016; 23.24% variable APR after that; No Transfer Fee

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Tue, 09 Feb 2016 21:17:46 GMT

I don't think the QS1 has a variable APR. I know that it took 30 days before CAP1 fully "registered" that I closed my Secured and was eligible for a second unsecured card in their lower tiered category.

The QS1, Platinum, Secured and Credit Steps cards are the lower tiered, rebuilding cards and only 2 are allowed. The higher tiered, Venture, Venture 1 and QS Visa allow up to 5.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Wed, 10 Feb 2016 01:05:42 GMT

02-09-2016 11:22 AM

I'd do this order: Chase Freedom. AMex ED, Venture, QS.

Venture. 2x/$1 Use Plastiq to pay Rent to make $3000/90day bonus requirement.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Thank you everyone for your wonderful information! It is a huge help and I'm going to re-read and re-read and.. you get the point.

buyaobuyao, as highlighted above you wrote that they declinded you because of the collection and a late payment on your auto loan? Bah that sucks I'm sorry to hear that. You mentioning that makes me a little concerned on the auto loan I have in my reports.

Which leads me to another question...

I have a paid off auto loan from Acura Financial. It was opened 02/09/2007. It was paid and closed 04/30/2013. On TU I have 10 30-day lates with the latest showing 03/2013. On my actual report the "Pay Status" is showing Account 60 Days Past Due Date. "Date Closed:" 04/30/2013 >Maximum Delinquency of 60 days in 04/2013<. Showing no 60 days.

EQ is showing 8. Closed 04/30/2013. "Current Status:" Pays 61-90 Days. Showing one 60 Day 04/2013.

EX is showing 12. Closed 05/2013. "Status:" Paid, Closed. Showing one 60 Day on 05/2013.

Now I know some of the 30 days did occur but they aren't matching up across the 3 CRA's... and I am confident there were no 60 day lates. Problem is I can't access any of the old financial information. Reason being my laptop was stolen (our home was broken into) and of course, I had my information on there. All my accounts were closed, changed, etc. etc.

First of all, do we know how much this is affecting my score / will affect my apps?
And can any of you suggest if I should try getting these all fixed / will it make much of a difference? Since my father was joint with me I can get him to see what data he has and get his CRA's pulled so we can compare.

But I'd rather have my ducks in a row before submitting any disputes and of course, I don't want to app if these lates may cause a substantial problem. I didn't think to mention these before since they are past the 2 year mark (though I know they can still affect my score, how much I don't know however) so I apologize in advance.

I am planning on joining MyFico with the 29.95 sub and getting my scores/reports across the board. I believe TU has just updated my information as of this morning so I really want to check out my scores again. I got my free reports on the 1st but it doesn't hurt to have new ones. Just to note both the Freedom and Amex ED offers are through mail, weirdly enough they aren't showing me any offers on their pre-qual sites.

Thanks again all!!

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Wed, 10 Feb 2016 01:21:04 GMT

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Thank you everyone for your wonderful information! It is a huge help and I'm going to re-read and re-read and.. you get the point.

buyaobuyao, as highlighted above you wrote that they declinded you because of the collection and a late payment on your auto loan? Bah that sucks I'm sorry to hear that. You mentioning that makes me a little concerned on the auto loan I have in my reports.

Which leads me to another question...

I have a paid off auto loan from Acura Financial. It was opened 02/09/2007. It was paid and closed 04/30/2013. On TU I have 10 30-day lates with the latest showing 03/2013. On my actual report the "Pay Status" is showing Account 60 Days Past Due Date. "Date Closed:" 04/30/2013 >Maximum Delinquency of 60 days in 04/2013<. Showing no 60 days.

EQ is showing 8. Closed 04/30/2013. "Current Status:" Pays 61-90 Days. Showing one 60 Day 04/2013.

EX is showing 12. Closed 05/2013. "Status:" Paid, Closed. Showing one 60 Day on 05/2013.

Now I know some of the 30 days did occur but they aren't matching up across the 3 CRA's... and I am confident there were no 60 day lates. Problem is I can't access any of the old financial information. Reason being my laptop was stolen (our home was broken into) and of course, I had my information on there. All my accounts were closed, changed, etc. etc.

First of all, do we know how much this is affecting my score / will affect my apps?
And can any of you suggest if I should try getting these all fixed / will it make much of a difference? Since my father was joint with me I can get him to see what data he has and get his CRA's pulled so we can compare.

But I'd rather have my ducks in a row before submitting any disputes and of course, I don't want to app if these lates may cause a substantial problem. I didn't think to mention these before since they are past the 2 year mark (though I know they can still affect my score, how much I don't know however) so I apologize in advance.

I am planning on joining MyFico with the 29.95 sub and getting my scores/reports across the board. I believe TU has just updated my information as of this morning so I really want to check out my scores again. I got my free reports on the 1st but it doesn't hurt to have new ones. Just to note both the Freedom and Amex ED offers are through mail, weirdly enough they aren't showing me any offers on their pre-qual sites.

Thanks again all!!

Rebuilding Forum is a Godsend. Ok...mine is a June 2014, 30 day late, and July 2014, 60 day late. Loan is still open, so I'm like a Collection Agency prior to the CFPB standards, I goodwill email, snail mail, fax, you name it, I send it until they cave OR my loan is completely paid. No mercy. That's just me though.

30 days aren't that detrimental. 60, 90, 120 suck bad for 7 years. After 2, yes, they hurt less, but some, for data points, have shown that 60+ suck all the way to the end of the 7 year sentence. I have a paid in full collection from October 2014 as well. That Son of A (censored) is probably the biggest red flag for AmEx. BoA, Chase and Cap1 didn't care. I think because it's paid in full, they let it slide and that my Auto payments prior are pristine, and I have no lates since.

YMMV, and my "boo boo" is pretty freakin recent being in 2014. Your chances at AmEx may be greater than mine. IMO, if there are discrepancies on the report in variations of reporting, I would hit up the Rebuilding Forum and tackle those suckers. With the loan ending and the 60 day listed as 2013, it should turn positive in 2020. I'm probably giving bad advice, so please, Rebuilding forum, but I would Verify with the CRA's in regards to those lates if they're different.

All in all, I'd hit up the Freedom and the Venture if I were you as a definate, but remember, I drink AmEx haterade since I can't get in the club.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Wed, 10 Feb 2016 05:05:29 GMT

Thank you everyone for your wonderful information! It is a huge help and I'm going to re-read and re-read and.. you get the point.

Which leads me to another question...

EX is showing 12. Closed 05/2013. "Status:" Paid, Closed. Showing one 60 Day on 05/2013.

Thanks again all!!

All in all, I'd hit up the Freedom and the Venture if I were you as a definate, but remember, I drink AmEx haterade since I can't get in the club.

I totally agree, the Rebuilding Forum is just awesome. I've been reading there for a while (and made a post too!) and the help has been wonderful. My original post was a little long methinks with perhaps tooooo much information, so splitting it up has been necessary. I'm definitely going to be posting about this issue with my paid/closed car loan to see what I may be able to do.

Thanks soooo much though, you and everyone else have been very helpful and I appreciate all the advice. I'm sorry to hear Amex didn't approve you, seems kinda silly but with everything I've been reading it can be so YMMV.

I went and signed up for the MyFico 3B service, and low and behold I've been charged but can't access the account. It says something like my SSN already exists but I know it's my only account so I'll just have to call them up and find out what the deal is. Unfortunately I'll need to wait till tomorrow since they were already closed when I got the error. (By 20 minutes, bah!) I'm a little frustrated to say the least, it's not that big of a deal but I reaaaallly wanted to see my updated scores from TU and reports to make sure I'm gtg for these apps. I really want the best chance I can get!

I do intend to go for the Freedom first, then the Amex ED, > Venture but I'm not sure if I want to go for the Quicksilver because of the CSP. I don't have any mail or pre-qual offers from Chase though (other than the Freedom and Slate mail offers) so wondering if I should wait for that one extra app because of the 05/24 rule.. However, makes me wonder if it would be better to start now and work towards the CSP rather than app now and (possibly) lose out, or app months down the road. But now I have to wait till at least tomorrow! Patience... patience... ;D

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Jerry45 — Wed, 10 Feb 2016 15:42:34 GMT

@Anonymous wrote:
I believe, from what I have learned, it's a solid offer because it lists a concrete APR instead of a range.

+1. Spot on.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Wed, 10 Feb 2016 22:43:46 GMT

@Jerry45 wrote:
@Anonymous wrote:
I believe, from what I have learned, it's a solid offer because it lists a concrete APR instead of a range.
+1. Spot on.

I am really excited about my pre-qual offers and everything. Unfortunately nothing but problems with ordering the 3B MyFico montly service, so I can't get all my updated scores.

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Thu, 11 Feb 2016 06:26:57 GMT

Okie dokie so I can't get my TU score and I'm not going to try and push another order through at this time. I don't want to get charged again. I know TU has updated my CR because on creditsesame it's showing the new information.. on CCT it was pulled *prior* to updating, so I'm guessing it's near my other scores?

Anyhow as stated before I'm going to go for the Freedom, Amex ED, then the CAP1 Venture and QS. I am finally seeing my pre-qual offers on Chase, though it's for the Freedom and Slate. Funny enough the APR for the Freedom is higher than my mail offer, so I'll be using the mail offer obviously.

CSP is more than likely out of my range atm.. is it really worth it to skip let's say the QS and wait to apply for the CSP? I don't do a lot of traveling atm, and if I do travel it may be few and far in between for at least a few months. My gut is telling me to app though for both Cap1's and get more history going.

Now to see if I can just get the 1 HP on Cap1, do I open 2 browser pages, fill them out.. then hit send on the Venture.. wait for my response.. then immediately send the QS one afterwards? How do you all normally do this? Annnd, do I need to sign into my Cap1 account so if I am approved it'll add the cards or should I not worry about that? As you can see I'm new to this.

Hopefully these apps will work out! That will be 3-4 new cards depending if I go for both Cap1's. After this should I just stop there and garden?

Thanks so much again everyone!

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Thu, 11 Feb 2016 07:08:16 GMT

@Anonymous wrote:
I don't think the QS1 has a variable APR. I know that it took 30 days before CAP1 fully "registered" that I closed my Secured and was eligible for a second unsecured card in their lower tiered category.

The QS1, Platinum, Secured and Credit Steps cards are the lower tiered, rebuilding cards and only 2 are allowed. The higher tiered, Venture, Venture 1 and QS Visa allow up to 5.

So I'm confused, if I am to app for the Venture and QS, can I still do so since I already have a QS1? Does having the QS1 limit me to 2 cards total (incl. the higher tier) OR, just 2 cards of a lower tier and 5 in the higher tier?

Re: Cap1 QS / Venture Pre-Qual Offer Questions

Anonymous — Thu, 11 Feb 2016 22:19:34 GMT

Bump!

Anyone?

Re: Cap1 QS / Venture Pre-Qual Offer Questions

BallBounces — Thu, 11 Feb 2016 22:44:31 GMT

Ghostpaws, I coincidentally just asked that question in my thread. I think based on our feedback above that 2 low tiers PLUS 5 (or maybe 3) others. In any case, you should be good to go.