topic Re: Venture preapproval question in Credit Card Applications

Venture preapproval question

Anonymous — Thu, 12 May 2016 05:22:25 GMT

I was wondering how reliable the online prequalification is. Says I'm prequalified for Venture at 18.24 APR with opt out info on bottom.

I have MANY inquiries 23 TU (6 auto), 31 ex (14 auto), 36 EQ (17 auto)

I've read that's a common reason for denial usually.

I also have a paid 6 yr CA and paid 6 yr CO reporting monthly.

Re: Venture preapproval question

creditguy — Thu, 12 May 2016 05:35:49 GMT

Cap One prequals are usually very reliable. Cap One has denied people for excessive inquiries but sometimes that's just what they put. Normally they don't seem to get caught up by inquiries so if you want to take a shot, go for it. You will endure the dreaded triple HP hit but at this point what's another 3 inquiries right?

Re: Venture preapproval question

Anonymous — Thu, 12 May 2016 06:40:01 GMT

Cap1's pre-quals are very solid - I trust them.

Re: Venture preapproval question

Anonymous — Thu, 12 May 2016 06:42:57 GMT

Go for it!

Re: Venture preapproval question

_NERD — Thu, 12 May 2016 07:36:40 GMT

Did you apply? (=

Re: Venture preapproval question

RonM21 — Thu, 12 May 2016 09:57:56 GMT

Any update???

Re: Venture preapproval question

Anonymous — Thu, 12 May 2016 20:03:21 GMT

First time ever before I applied for anything, I crunched the numbers and not sure I'd spend enough to justify the AF to outweigh my quicksilver. I dont to open a card for just one year.

My rebuild is over and I've consolidated down to five cards that make sense for me and my spend.

Re: Venture preapproval question

GirlMelanie89 — Thu, 12 May 2016 20:13:34 GMT

@Anonymous wrote:
First time ever before I applied for anything, I crunched the numbers and not sure I'd spend enough to justify the AF to outweigh my quicksilver. I dont to open a card for just one year.

My rebuild is over and I've consolidated down to five cards that make sense for me and my spend.

Do you not like the VentureOne which doesnt have an AF. It still has a 20,000 point bonus attached to it if you meet the spending requirment.

Re: Venture preapproval question

Anonymous — Thu, 12 May 2016 20:14:59 GMT

Yeah but my QS is 1.5 vs venture one 1.25 the 20k sign up on that isn't enough to get me out of the garden for a triple pull

Re: Venture preapproval question

Anonymous — Thu, 12 May 2016 20:16:27 GMT

@Anonymous wrote:
First time ever before I applied for anything, I crunched the numbers and not sure I'd spend enough to justify the AF to outweigh my quicksilver. I dont to open a card for just one year.

My rebuild is over and I've consolidated down to five cards that make sense for me and my spend.

Well you can open it, then get the 40k miles ($400 for travel), and then before the annual fee hits next year you can combine the credit line into your Quicksilver and close the Venture.

Re: Venture preapproval question

_NERD — Thu, 12 May 2016 20:23:04 GMT

What JustMe3 said. That's exactly what I plan on doing with the Venture cards, for a fat QS CL

Re: Venture preapproval question

Anonymous — Thu, 12 May 2016 22:00:44 GMT

@Anonymous wrote:
Yeah but my QS is 1.5 vs venture one 1.25 the 20k sign up on that isn't enough to get me out of the garden for a triple pull

Good thinking.